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Economy, Debt Weighing on Middle Class:
AP ^ | April 9, 2007 | Hope Yen

Posted on 04/09/2008 5:03:37 PM PDT by AndyJackson

click here to read article


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Let us see how many posts it takes before I get called a Marxist for posting this.
1 posted on 04/09/2008 5:03:37 PM PDT by AndyJackson
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To: AndyJackson

bed wetting marxist


2 posted on 04/09/2008 5:06:31 PM PDT by al baby (Hi mom)
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To: al baby

oh and both me and my wife are making more money and in lots better shape money wise than 5 years ago


3 posted on 04/09/2008 5:07:48 PM PDT by al baby (Hi mom)
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To: al baby; AndyJackson

That there just raised the stakes! LOL!


4 posted on 04/09/2008 5:07:58 PM PDT by IllumiNaughtyByNature (Senator McCain, what did GWB promise you back in 2000? And you believed him? BWAHAAAAA!)
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To: AndyJackson

The media is weighing heavily on the public. Cheer up though, the economy will be perfect on January 20th, 2009 should Hillary or Obama get elected in November.


5 posted on 04/09/2008 5:08:06 PM PDT by DoughtyOne (McCain is rock solid on SCOTUS judicial appointments. He voted for Ginsberg, Kennedy and Souter.)
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To: DoughtyOne

It’s the media.

The media is the reason that I am paying 10 - 30 percent more for food and gas over the past 24 months.


6 posted on 04/09/2008 5:10:01 PM PDT by tokenatheist (Can I play with madness?)
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Comment #7 Removed by Moderator

To: AndyJackson

I'd call you a Marxist, but I forgot the number
8 posted on 04/09/2008 5:14:56 PM PDT by Spruce
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To: tokenatheist

I understand where you are coming from, but you mark my word. On January 20th, 2008, all will be roses and buttercups.

It is true that when Bush came to office that gas prices were about 40% of what they are today. Still, if you think the media will acknowledge the negative aspects of the economy on society after January if a Democrat is elected, you’re kidding yourself IMO.

Is the problem the media? I think it is. It cannot be counted on to address problems accurately no matter who holds office. Did it create the problem? Not really, but it will short circuit a good fix if it has a vested interest to do otherwise. And it just may have that alternate vested interest in 2009.


9 posted on 04/09/2008 5:17:56 PM PDT by DoughtyOne (McCain is rock solid on SCOTUS judicial appointments. He voted for Ginsberg, Kennedy and Souter.)
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To: Spruce

Perfect!!


10 posted on 04/09/2008 5:21:07 PM PDT by AndyJackson
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To: puffer

Is that your version of ‘Life sucks and then you die?’ LOL

Well, I do agree with your comments.


11 posted on 04/09/2008 5:21:10 PM PDT by DoughtyOne (McCain is rock solid on SCOTUS judicial appointments. He voted for Ginsberg, Kennedy and Souter.)
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To: al baby

Not sure how this chart will post, link here: http://corner.nationalreview.com/post/?q=MDY5MzFmNTllNjlkM2U0YmQ3ODlhOGJkNDQ4M2U4ZjM=

That Awful Economy [David Freddoso]

A Hill staffer sends this along:

It’s the Politics, Stupid:

Comparing Labor Market Data in 1996 and 2008

Democrats on the Economy in 1996:

“Our economy is the healthiest it has been in three decades.” (President Bill Clinton, State of the Union Address, January 23, 1996)

Democrats on the Economy in 2008:

“The bottom line is that this administration is the owner of the worst jobs record since Herbert Hoover.” (Senator Charles Schumer, Press Release, March 7, 2008)

Key Labor Market Statistics in March 1996, March 2008
1. U.S. Unemployment Rate 5.5% , 5.1%
2. Number of Long-Term Unemployed 1.33 million, 1.28 million
3. Average Weeks Unemployed 17.3 weeks, 16.2 weeks
4. Median Weeks Unemployed 8.3 weeks, 8.1 weeks
5. Not in Labor Force because discouraged over job prospects 451,000 - 401,000
6. Democrats calling for Extended Unemployment Benefits? No Yes
7. President’s Party Affiliation Democrat Republican


12 posted on 04/09/2008 5:23:38 PM PDT by afortiori
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To: AndyJackson

I thought that most people considered themselves middle class. Self reporting for middle class is a lot more than 53%. That makes me suspicious of this study from the get-go.


13 posted on 04/09/2008 5:26:15 PM PDT by Patriotic1 (Dic mihi solum facta, domina - Just the facts, ma'am)
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To: AndyJackson

I can’t stand the Fed and certainly “Thin Air” Ben Bernanke, and BushCo is to Reagan conservatism as New Coke was to Coke, but I’m sick of hearing Bush getting blamed for the economy. The designed destruction of the currency perhaps, which again falls more on Ben’s head. Hell, my company is about to invest $60 million dollars in an outdated paper mill. My view is, the economy is good for those of us with the ability to take advantage of it and it’s a mini-depression for those of us who depend on government or just aren’t able to navigate finances.


14 posted on 04/09/2008 5:28:01 PM PDT by Rob112586 ("...a decrease in the quantity of legislation generally means an increase in the quality of life.")
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To: DoughtyOne

And everything that is wrong with it during their adm (shudder) will be the fault of Pres. Bush.


15 posted on 04/09/2008 5:28:02 PM PDT by LaurenD
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To: AndyJackson

Gas prices are up 21% over last year. The economy was humming at the same time. Guess what? The Dems took over congress 15 months ago.


16 posted on 04/09/2008 5:28:12 PM PDT by golfisnr1 (Democrats are like roaches - hard to get rid of.)
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To: Rob112586
I’m sick of hearing Bush getting blamed for the economy.

I don't read this article as attacking Bush.

17 posted on 04/09/2008 5:34:40 PM PDT by AndyJackson
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To: golfisnr1

Right on. I’ve brought up that point several times, it usually stops them cold. I counter with the point that as soon as Repubs are the majority, suddenly there are homeless in the streets, no one can pay their bills, etc., etc., THEREFORE, the same standards are in play when Dems are in the majority.

They are responsible that our fuel prices have gone south followed by food costs and all related expenses and what really gets them is: why is my son still in Iraq? You guys said you were bringing them home so we want him home NOW. This is playing the devil’s advocate you understand, he believes in staying until the mission is accomplished—and so do we.


18 posted on 04/09/2008 5:36:02 PM PDT by brushcop (B-Co. 2/69 3rd Infantry Div., "Sledgehammer!" ...and keep hammering 'em!)
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To: AndyJackson
Middle-class people also may be disproportionately feeling the pinch because they tend to borrow more heavily against their homes to support their lifestyles

Duh! A self-inflicted "pinch."

19 posted on 04/09/2008 5:37:49 PM PDT by LibFreeOrDie
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To: al baby

Good for you. I just got notifed that I will be out of work in a month. My sis and husband are selling out the hardware store, and my son and I will be out of work in a month. It was either sell out, or keep losing money. Wonder when it will hit the rest of the country.


20 posted on 04/09/2008 5:40:03 PM PDT by KYGrandma (The sun shines bright on my old Kentucky home)
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