Level Extreme platform
Subscription
Corporate profile
Products & Services
Support
Legal
Français
Maya Angelou For Hillary Clinton
Message
From
30/04/2008 13:09:59
 
General information
Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
01313233
Message ID:
01314274
Views:
8
Bad is a relative term. Compared to what? What measures are we comparing?

GDP continues to rise
http://www.bloomberg.com/apps/news?pid=20601068&sid=abWIQoli_QFI&refer=home

Unemployment = 5.1% (full employment in economic terms)

Inflation is rising but still historically low.
http://www.inflationdata.com/Inflation/images/charts/Articles/Decade_inflation_chart.htm

Money is cheap (granted you must now prove you can pay it back) and set to get cheaper.
http://ap.google.com/article/ALeqM5h8KpyRBjeJw2gfbZZF3Kt4NfKeDAD90C8I180

We're have yet to see the 'recession' that's been talked about ad nauseum for 6 months. No I don't think the economy is very bad. I think the hype is WAY overblown. 70% is an overwhelming majority of the population. When things are really bad, people actually feel it rather than just hear about it.

>I agree with you the economic understanding of the average American is not deep. But the economy is bad at the moment by anyone's measure, don't you think?
>
>>Polling Americans about the economy is amusing. The lack of economic knowledge in this country is a national disgrace repeatedly on display through the amount of debt people carry. Many hear repeated calls of 'housing crisis', 'credit crunch', and 'sub-prime lending' and even though most have little to no idea what the details are or how it effects the economy as a whole they'll repeat to a pollster that the economy is a 'disaster', just like they heard on tv.
>>
>>What always cracks me up is when you get further down in these stories, if it's mentioned at all, you see the dichotomy that is the average American.
>>
>>"When looking at the current state of their own finances, Americans remain relatively sanguine. More than 70 percent said that their financial situation was fairly good or very good, a number that has dropped only modestly since 2006."
>>http://www.nytimes.com/2008/04/03/us/03cnd-poll.html?ref=politics&pagewanted=print
>>
Wine is sunlight, held together by water - Galileo Galilei
Un jour sans vin est comme un jour sans soleil - Louis Pasteur
Water separates the people of the world; wine unites them - anonymous
Wine is the most civilized thing in the world - Ernest Hemingway
Wine makes daily living easier, less hurried, with fewer tensions and more tolerance - Benjamin Franklin
Previous
Next
Reply
Map
View

Click here to load this message in the networking platform