Comments on: More Americans say recession is serious http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/ All politics, all the time Mon, 21 Dec 2009 22:07:36 +0000 http://wordpress.com/ hourly 1 By: Lana Bushnell http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144459 Lana Bushnell Thu, 04 Dec 2008 21:57:09 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144459 I haven't seen any recession here; people still pay $5.00 for a cup of coffee and $500 to see a football game. Only the people who could never have afforded to buy a house have been effected, especially since the price of gas went back down. Media recession is what we are seeing, for the most part. I haven't seen any recession here; people still pay $5.00 for a cup of coffee and $500 to see a football game. Only the people who could never have afforded to buy a house have been effected, especially since the price of gas went back down. Media recession is what we are seeing, for the most part.

]]> By: Dayahka http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144443 Dayahka Thu, 04 Dec 2008 21:47:55 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144443 If unemployment at around 12 percent and growing unemployment, increasing business closures, declining state revenues of 12 percent or more are given as criteria for a depression, then we are now in a depression--and I suppose the government will announce that after another year or so, just as they dragged out the admission of recession for a year after it was obvious to everyone. And if we are already in a depression, then we need depression-style economic proposals--not pretend bailouts for a pretend slowdown. If unemployment at around 12 percent and growing unemployment, increasing business closures, declining state revenues of 12 percent or more are given as criteria for a depression, then we are now in a depression–and I suppose the government will announce that after another year or so, just as they dragged out the admission of recession for a year after it was obvious to everyone. And if we are already in a depression, then we need depression-style economic proposals–not pretend bailouts for a pretend slowdown.

]]> By: Leena http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144439 Leena Thu, 04 Dec 2008 21:45:56 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144439 We're closer to a depression than a recession. What planet do you have to be on not to realize how screwed we are and have been for a while?? As for Detroit...I'm thinking maybe we shouldn't bail them out. We're closer to a depression than a recession. What planet do you have to be on not to realize how screwed we are and have been for a while??

As for Detroit...I'm thinking maybe we shouldn't bail them out.

]]> By: no bailouts http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144437 no bailouts Thu, 04 Dec 2008 21:45:11 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144437 i had to move out of my home last year, there was so much that needed to be done and i didn't have the means to do it. i moved in with a friend. i had to move out of my home last year, there was so much that needed to be done and i didn't have the means to do it. i moved in with a friend.

]]> By: slickingdom http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144377 slickingdom Thu, 04 Dec 2008 21:17:53 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144377 Don't the politicians and CEO's get it ? They started moving jobs to other countries because of their own greediness over 40 years ago, stuffing their bank accounts with millions, and millions dollars. This trend has continued for 4 decades while the economy slumped. Now that the country is facing a economic disaster they want the taxpayers and the people who were victims of job loss to pay for the losses. Try bringing all the jobs back to the U.S. that were shipped over-seas from about the last 40 years !!!! Don't the politicians and CEO's get it ? They started moving jobs to
other countries because of their own greediness over 40 years ago,
stuffing their bank accounts with millions, and millions dollars. This trend
has continued for 4 decades while the economy slumped. Now that the
country is facing a economic disaster they want the taxpayers and the
people who were victims of job loss to pay for the losses. Try
bringing all the jobs back to the U.S. that were shipped over-seas from
about the last 40 years !!!!

]]> By: TexasAnnie *-*-*-*-*-*-*-*-*-*-*-*-*-* http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144355 TexasAnnie *-*-*-*-*-*-*-*-*-*-*-*-*-* Thu, 04 Dec 2008 21:09:32 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144355 Doom & gloom, doom & gloom, doom & gloom---- I swear, we could have the market hit 10,000 and every company in the country could show a profit, and the media & all the prognosticators would still be preaching "doom & gloom". As long as we keep hearing how bad things are, we tend to pull in our horns and hide away in the dark, and that just makes things even worse. People, we need to get up off our a$$es and start taking some positive steps forward.. Everybody sits back and moans about "how bad it is".... well, do SOMETHING to make it better. You're not going to turn the economy around by yourself, but do something to brighten somebody's life somewhere-- and I guarantee you, it'll make you feel better as a person. Even if it's just volunteering somewhere, that means you helped somebody else who needed it. If you buy somebody a meal for the holidays, that did them some good, did the economy some good, and surely it would have made you feel a little better inside. Get off this doom & gloom cr** and let's start working to make tomorrow a better day. Honest to God, go spend $10.00 at the store today-- it won't kill you & it'll help the merchant & the economy. Doom & gloom, doom & gloom, doom & gloom-- I swear, we could have the market hit 10,000 and every company in the country could show a profit, and the media & all the prognosticators would still be preaching "doom & gloom". As long as we keep hearing how bad things are, we tend to pull in our horns and hide away in the dark, and that just makes things even worse. People, we need to get up off our a$$es and start taking some positive steps forward.. Everybody sits back and moans about "how bad it is".... well, do SOMETHING to make it better. You're not going to turn the economy around by yourself, but do something to brighten somebody's life somewhere– and I guarantee you, it'll make you feel better as a person. Even if it's just volunteering somewhere, that means you helped somebody else who needed it. If you buy somebody a meal for the holidays, that did them some good, did the economy some good, and surely it would have made you feel a little better inside. Get off this doom & gloom cr** and let's start working to make tomorrow a better day. Honest to God, go spend $10.00 at the store today– it won't kill you & it'll help the merchant & the economy.

]]> By: MICK from MESA http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144345 MICK from MESA Thu, 04 Dec 2008 21:03:04 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144345 Yeah, and 6 out of 10 of these same un-informed American "village idiots" want to send the auto industry into the dumpster. They must be republicans is all I can say... Yeah, and 6 out of 10 of these same un-informed American "village idiots" want to send the auto industry into the dumpster. They must be republicans is all I can say...

]]> By: Virginia http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144321 Virginia Thu, 04 Dec 2008 20:55:11 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144321 No kidding, geniuses!!! I have known that for a long time, and the last time I went to the grocery just this week I came out with NO meat, just a little bit of fruit, milk, cereal, yogurt, and lunchmeat, along with some easy to fix things for lunches when in a hurry. It cost $120, for just three of us. The big bad boys in DC are making it harder on the rest of us, with all of the incentive package talks, bailout talks, and crisis talks about the financial state of things. Quit talking and DO something!! And, to gary n. --the detroit 3 have already failed. That's why they are in DC....... No kidding, geniuses!!! I have known that for a long time, and the last time I went to the grocery just this week I came out with NO meat, just a little bit of fruit, milk, cereal, yogurt, and lunchmeat, along with some easy to fix things for lunches when in a hurry. It cost $120, for just three of us. The big bad boys in DC are making it harder on the rest of us, with all of the incentive package talks, bailout talks, and crisis talks about the financial state of things. Quit talking and DO something!!

And, to gary n. –the detroit 3 have already failed. That's why they are in DC.......

]]> By: Kim J http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144306 Kim J Thu, 04 Dec 2008 20:49:52 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144306 It's getting so bad, I'm thinking of canceling my cable TV. It's getting so bad, I'm thinking of canceling my cable TV.

]]> By: Georgia Moderate http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144291 Georgia Moderate Thu, 04 Dec 2008 20:44:36 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144291 Some of us have been saying for that we are in a recession since October of last year and that it was going to be deep and long. Some, like me, have lived through four recessions and can spot them as they are starting; and don't need the government to tell us about it months after the fact. We were called "whiners." Well, here we are, having just been told "officially" that we've been in a recession for a year. We're also being told that this is only the start of a very ugly downturn and some pundits (and even outgoing presidents) have even uttered the "D Word). Whose whining now? Some of us have been saying for that we are in a recession since October of last year and that it was going to be deep and long. Some, like me, have lived through four recessions and can spot them as they are starting; and don't need the government to tell us about it months after the fact. We were called "whiners." Well, here we are, having just been told "officially" that we've been in a recession for a year. We're also being told that this is only the start of a very ugly downturn and some pundits (and even outgoing presidents) have even uttered the "D Word). Whose whining now?

]]> By: susie http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144272 susie Thu, 04 Dec 2008 20:39:51 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144272 The lawmakers should give up their pension and pay a portion of their health insurance. They should live like the rest of us. The lawmakers should give up their pension and pay a portion of their health insurance. They should live like the rest of us.

]]> By: florene riley http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144265 florene riley Thu, 04 Dec 2008 20:38:15 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144265 the reason the auto makers are in trouble is because for years they had no competition now they have so they can't run things as they see fit the unions are crooked as a hind leg on a dog and rape the american people, i worked t forsd motor in san jose calif back in the 70's and i have seen how they work on the lines. its a disgrace. half the time they didn't work. but the union told them how to put there time in. they should be broke. maybe it would humble them to give a days work for a change. the reason the auto makers are in trouble is because for years they had no competition now they have so they can't run things as they see fit the unions are crooked as a hind leg on a dog and rape the american people, i worked t forsd motor in san jose calif back in the 70's and i have seen how they work on the lines. its a disgrace. half the time they didn't work. but the union told them how to put there time in. they should be broke. maybe it would humble them to give a days work for a change.

]]> By: ET from Omaha http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144263 ET from Omaha Thu, 04 Dec 2008 20:38:00 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144263 I already know we are in recession. That's why I voted for the right man to do his best to get us back on track. I don't care how much spending he does, he needs to fix the problem period. The dead goat does not fear knife. TO THE REPUBLICANS, THE POLITICAL IDEOLOGIST, THE NO SAYERS, YOU SHOULD ALL SHUT THE HELL UP. I already know we are in recession. That's why I voted for the right man to do his best to get us back on track.
I don't care how much spending he does, he needs to fix the problem period. The dead goat does not fear knife.
TO THE REPUBLICANS, THE POLITICAL IDEOLOGIST, THE NO SAYERS, YOU SHOULD ALL SHUT THE HELL UP.

]]> By: Change,what change? http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144252 Change,what change? Thu, 04 Dec 2008 20:34:46 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144252 Maybe its time to get my news from a European news outlet and let the big three go under like the car companies. Maybe its time to get my news from a European news outlet and let the big three go under like the car companies.

]]> By: Ian http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144214 Ian Thu, 04 Dec 2008 20:20:28 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144214 It can't be too serious if they voted for Obama. What's his plan in 2010 when will face the $30 trillion social security imbalance? Thought so. It can't be too serious if they voted for Obama. What's his plan in 2010 when will face the $30 trillion social security imbalance? Thought so.

]]> By: Marie banderas http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144193 Marie banderas Thu, 04 Dec 2008 20:13:45 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144193 I guess those seeing prices of food and milk get ever higher, got the message a long time ago..know we did..Now we have extremely tight budget, make do with what we have, or without..its a shame people have to choose between food, meds, paying thier bills, as most months cant do all..why did it take the government so long to get the message ???????? Now, better question is HOW LONG WILL IT TAKE TO FIX THIS ECONOMY ???????? I guess those seeing prices of food and milk get ever higher, got the message a long time ago..know we did..Now we have extremely tight budget, make do with what we have, or without..its a shame people have to choose between food, meds, paying thier bills, as most months cant do all..why did it take the government so long to get the message ???????? Now, better question is
HOW LONG WILL IT TAKE TO FIX THIS ECONOMY ????????

]]> By: arc, Lugano CH http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144192 arc, Lugano CH Thu, 04 Dec 2008 20:13:38 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144192 Matt December 4th, 2008 1:34 pm ET (in response to gary n.) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Well said. You must have lived/worked overseas perhaps. If not, nevertheless, your point is a strong one. Matt December 4th, 2008 1:34 pm ET (in response to gary n.)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Well said. You must have lived/worked overseas perhaps. If not, nevertheless, your point is a strong one.

]]> By: Frugality http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144187 Frugality Thu, 04 Dec 2008 20:13:07 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144187 Unfortunately, many people are not frugal. On top of it they are quite naïve or simply don’t care because they live in the land of “milk and honey”, which should be renamed “land of milk and money shortage”. Creditors see them as easy prey and invite them into their parlor like what the spider did to the fly. In some southern states there’s a plethora of pay day advance loan companies which encourage you to borrow a mint from them (few questions asked) and then you agree to pay them once you get your salary, welfare check or what have you. When the check comes in the mail it is absorbed by the “sharks” leaving you little to pay your regular bills. If you do not meet the loan payment deadline, hefty interest rates will apply and the beat goes on. The government needs to address this and other schemes which gullible people cannot resist. Unfortunately, many people are not frugal. On top of it they are quite naïve or simply don’t care because they live in the land of “milk and honey”, which should be renamed “land of milk and money shortage”. Creditors see them as easy prey and invite them into their parlor like what the spider did to the fly.

In some southern states there’s a plethora of pay day advance loan companies which encourage you to borrow a mint from them (few questions asked) and then you agree to pay them once you get your salary, welfare check or what have you. When the check comes in the mail it is absorbed by the “sharks” leaving you little to pay your regular bills. If you do not meet the loan payment deadline, hefty interest rates will apply and the beat goes on. The government needs to address this and other schemes which gullible people cannot resist.

]]> By: Average Joe http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144173 Average Joe Thu, 04 Dec 2008 20:08:23 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144173 Serious yeah ya think. Question if fuel is going down and oil is less than 50.00 a barrel, then why is the price of food not going down also. I think we give the 34 billion to detroit and take 650 billion back so the wall streeters get the picture THE AMERICAN TAXPAYER IS PISSED OFF BIG TIME NO MORE MR AND MRS NICE GUYZ. Serious yeah ya think. Question if fuel is going down and oil is less than 50.00 a barrel, then why is the price of food not going down also. I think we give the 34 billion to detroit and take 650 billion back so the wall streeters get the picture THE AMERICAN TAXPAYER IS PISSED OFF BIG TIME NO MORE MR AND MRS NICE GUYZ.

]]> By: Average Joe http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144176 Average Joe Thu, 04 Dec 2008 20:06:23 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144176 Serious yeah ya think. Question if fuel is going down and oil is less than 50.00 a barrel, then why is the price of food not going down also. I think we give the 34 billion to detroit and take 650 billion back so the wall streeters get the picture THE AMERICAN TAXPAYER IS PISSED OFF BIG TIME NO MORE MR AND MRS NICE GUYZ. Serious yeah ya think. Question if fuel is going down and oil is less than 50.00 a barrel, then why is the price of food not going down also. I think we give the 34 billion to detroit and take 650 billion back so the wall streeters get the picture THE AMERICAN TAXPAYER IS PISSED OFF BIG TIME NO MORE MR AND MRS NICE GUYZ.

]]> By: Laverne http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144151 Laverne Thu, 04 Dec 2008 20:01:21 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144151 It is funny how the Republicans keep hollering how they are fiscally responsible when it is the Republicans who have been in power for the majority of the past 40 years. There is nothing fiscally responsible about spending 10 billion dollars a month on a war we CAN NOT win and should have not started. I know Americans do not like to hear nor accept the truth, but it is TRUE America's chickens are coming home to roost. I don't mean that in an unpatriotic way, I mean that to say you reap what you sow and we have not and is not a perfect union, though we must continue to strive to be a MORE perfect union for the good of all mankind. The Republicans think that all they have to do is go away and regroup and in 4 years all will be well and they will be back in power. I do not believe it to be so, God is in control of the situation. The next chapter has already been written for us. It is funny how the Republicans keep hollering how they are fiscally responsible when it is the Republicans who have been in power for the majority of the past 40 years. There is nothing fiscally responsible about spending 10 billion dollars a month on a war we CAN NOT win and should have not started. I know Americans do not like to hear nor accept the truth, but it is TRUE America's chickens are coming home to roost. I don't mean that in an unpatriotic way, I mean that to say you reap what you sow and we have not and is not a perfect union, though we must continue to strive to be a MORE perfect union for the good of all mankind. The Republicans think that all they have to do is go away and regroup and in 4 years all will be well and they will be back in power. I do not believe it to be so, God is in control of the situation. The next chapter has already been written for us.

]]> By: Lynn in NM http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144135 Lynn in NM Thu, 04 Dec 2008 19:57:59 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144135 But it's not so bad that Obama can't have all of his parties with his cronies. The people who can't eat or pay their bills are on his list of things to think about. Of course, Congress won't do anything about the economy either, until Obama takes office. Sounds like they are really worried, aren't they? Let's go for the brownie points instead of something that may help. But it's not so bad that Obama can't have all of his parties with his cronies. The people who can't eat or pay their bills are on his list of things to think about. Of course, Congress won't do anything about the economy either, until Obama takes office. Sounds like they are really worried, aren't they? Let's go for the brownie points instead of something that may help.

]]> By: Matt http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144128 Matt Thu, 04 Dec 2008 19:56:19 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144128 @ Steve in VA The only reason things got worse in 2006 was because th eRepublicans in Congress started filibustering everything and Bush started wielding th eveto like the Sword of Damocles all in order to prevent the Dems from getting anything done. It was typical Republican sour grapes behavior and it is PRECISELY the kind o fthing for which the American public gave the GOP such a beatdown on Nov. 4th. Gro up, wake up and suck it up. @ Steve in VA

The only reason things got worse in 2006 was because th eRepublicans in Congress started filibustering everything and Bush started wielding th eveto like the Sword of Damocles all in order to prevent the Dems from getting anything done. It was typical Republican sour grapes behavior and it is PRECISELY the kind o fthing for which the American public gave the GOP such a beatdown on Nov. 4th. Gro up, wake up and suck it up.

]]> By: jim/redondo beach http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144122 jim/redondo beach Thu, 04 Dec 2008 19:54:07 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144122 ...DUH!... ...DUH!...

]]> By: Mary - Independent http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144110 Mary - Independent Thu, 04 Dec 2008 19:53:03 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144110 It's serious when companies are "folding up" and many are losing their jobs. Meanwhile, the "bailout battle" continues to raise it's ugly head! It's serious when companies are "folding up" and many are losing their jobs. Meanwhile, the "bailout battle" continues to raise it's ugly head!

]]> By: Cynthia; Bham http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144106 Cynthia; Bham Thu, 04 Dec 2008 19:51:09 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144106 I agree, I am retired and have come out of retirement to offset what is going on with the economy. I agree, I am retired and have come out of retirement to offset what is going on with the economy.

]]> By: Sue Brewer, Fairfield, OH http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144105 Sue Brewer, Fairfield, OH Thu, 04 Dec 2008 19:50:21 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144105 I am so glad we have the Obama family in our White House and a man who cares about the common people. We have needed a man like this for so long. He really understands what is at stake for the American people. Let us humble ourselves and pray for our country and support Mr. Obama as he turns this country around with a new strong cabinet to help him. We need to stop pointing fingers and get up and do what we can for our neighbors...we all need to work together to make our country strong again. It isn't a crime or shame to do without luxuries that we have become used to. These are only things and we need to concentrate on doing what is important for America and our families. God Bless America. I am so glad we have the Obama family in our White House and a man who cares about the common people. We have needed a man like this for so long. He really understands what is at stake for the American people. Let us humble ourselves and pray for our country and support Mr. Obama as he turns this country around with a new strong cabinet to help him. We need to stop pointing fingers and get up and do what we can for our neighbors...we all need to work together to make our country strong again. It isn't a crime or shame to do without luxuries that we have become used to. These are only things and we need to concentrate on doing what is important for America and our families.
God Bless America.

]]> By: It takes two http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144089 It takes two Thu, 04 Dec 2008 19:45:09 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144089 Are Barney Frank and Chris Dodd Republicans? Are Barney Frank and Chris Dodd Republicans?

]]> By: Sensible Cape Coral FL http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144081 Sensible Cape Coral FL Thu, 04 Dec 2008 19:43:17 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144081 In some limited sense I fell sorry for those young adults who have never known what it is to do without something they WANT, not NEED. No one has ever said no to them so maybe the current recession will have some value. Hope springs eternal. In some limited sense I fell sorry for those young adults who have never known what it is to do without something they WANT, not NEED.
No one has ever said no to them so maybe the current recession will
have some value. Hope springs eternal.

]]> By: Expect something else? http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144065 Expect something else? Thu, 04 Dec 2008 19:40:09 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144065 So when does a recession technically become a depression? When are we going to start hearing the "d" word? Many believe a depression is defined as when all or some of these occur: - price deflation or hyperinflation - abnormal increases in unemployment - restriction of credit - shrinking output and investment - numerous bankruptcies - reduced amounts of trade and commerce - highly volatile relative currency value fluctuations, mostly devaluations Still others define a depression as when in which GDP contracts by at least 10% I wonder when we will start hearing the rumblings of the "d" word.... So when does a recession technically become a depression? When are we going to start hearing the "d" word?

Many believe a depression is defined as when all or some of these occur:
- price deflation or hyperinflation
- abnormal increases in unemployment
- restriction of credit
- shrinking output and investment
- numerous bankruptcies
- reduced amounts of trade and commerce
- highly volatile relative currency value fluctuations, mostly devaluations

Still others define a depression as when in which GDP contracts by at least 10%

I wonder when we will start hearing the rumblings of the "d" word....

]]> By: Steve in VA http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144062 Steve in VA Thu, 04 Dec 2008 19:39:18 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144062 When the Democrats invaded and took over Congress, everything went to heck in a handbasket. Thankfully I still have a job and I have some dough in the bank just in case. I don't have enough to survive four years of Obama but I will make do somehow. When the Democrats invaded and took over Congress, everything went to heck in a handbasket. Thankfully I still have a job and I have some dough in the bank just in case. I don't have enough to survive four years of Obama but I will make do somehow.

]]> By: What recession? http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144042 What recession? Thu, 04 Dec 2008 19:33:59 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144042 I'm down to my last million to donate to the Obama campaign... I'm down to my last million to donate to the Obama campaign...

]]> By: Tiaunia, Texas http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144045 Tiaunia, Texas Thu, 04 Dec 2008 19:33:44 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144045 Yah, it's pretty sad out here... Many are looking for roommates or moving in with family. When people are commiting suicide due to foreclosure, I think it's pretty clear what's going on in America. Yah, it's pretty sad out here...
Many are looking for roommates or moving in with family.

When people are commiting suicide due to foreclosure, I think it's pretty clear what's going on in America.

]]> By: Allen http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144039 Allen Thu, 04 Dec 2008 19:33:07 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144039 What I would like to know is: Who is going to bail out/hand out the $90,000.00 of retirement 401K money, that my wife and I have lost? What I would like to know is: Who is going to bail out/hand out the $90,000.00 of retirement 401K money, that my wife and I have lost?

]]> By: Lisa in Florida http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2144019 Lisa in Florida Thu, 04 Dec 2008 19:28:04 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2144019 It is not that the government and the economist took a year to "figure out" we are in a serious recession, it was an election year, and they never want to admit to anything big that will affect them adversely (republicans), so they wait until after the election to spoon feed us the bad news. It always amazes me how they (republicans) think they are fooling us. "If we say the words, then it is true..." mentality. It will be so refreshing to have real leadership in Obama with truth and transparency being the rule. People forget what real leadership looks and feels like. But I think the grown-ups are back in charge on Jan. 20. Thank God!!! It is not that the government and the economist took a year to "figure out" we are in a serious recession, it was an election year, and they never want to admit to anything big that will affect them adversely (republicans), so they wait until after the election to spoon feed us the bad news. It always amazes me how they (republicans) think they are fooling us. "If we say the words, then it is true..." mentality. It will be so refreshing to have real leadership in Obama with truth and transparency being the rule. People forget what real leadership looks and feels like. But I think the grown-ups are back in charge on Jan. 20. Thank God!!!

]]> By: Ryan from IL http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2143997 Ryan from IL Thu, 04 Dec 2008 19:23:44 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2143997 I really, really hope Congress squashes those JERKS hopes at gm ford and chrysler for a bailout. all they want is more money. the consumers are the ones who need a bailout. THEY DO NOT! SCREW YOU CEOs! I really, really hope Congress squashes those JERKS hopes at gm ford and chrysler for a bailout. all they want is more money. the consumers are the ones who need a bailout. THEY DO NOT! SCREW YOU CEOs!

]]> By: MLH http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2143965 MLH Thu, 04 Dec 2008 19:15:07 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2143965 You know, these polls are weird. You could have asked any of the people I meet at the local cut-price grocery store over the last six months about the recession and you would have heard a consensus on a) yeah, it's a recession; and b) yeah, it's serious. You know, these polls are weird. You could have asked any of the people I meet at the local cut-price grocery store over the last six months about the recession and you would have heard a consensus on a) yeah, it's a recession; and b) yeah, it's serious.

]]> By: Biff http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2143949 Biff Thu, 04 Dec 2008 19:11:24 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2143949 Matt, The "blame the victim" mentality is old. YES, people who overspent should (and always do) pay the price. but THEY are not the culprits in this economic mess. You think THE PEOPLE have the power to do this????? They don't have the power to manipulate financial tools, they don't have the power to lend money to themselves.... they don't have the power to manipulate stock prices... they don't have the power to move jobs to Mexico and India for cheap labor.... but yeah.... it was 100 guys who traded their cars in early.... Matt,

The "blame the victim" mentality is old. YES, people who overspent should (and always do) pay the price. but THEY are not the culprits in this economic mess. You think THE PEOPLE have the power to do this????? They don't have the power to manipulate financial tools, they don't have the power to lend money to themselves.... they don't have the power to manipulate stock prices... they don't have the power to move jobs to Mexico and India for cheap labor....

but yeah.... it was 100 guys who traded their cars in early....

]]> By: Peggy - TX http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2143930 Peggy - TX Thu, 04 Dec 2008 19:07:17 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2143930 I bought into the capitalist model like a religion because I understand that capitalism is key to keeping the economy strong and innovation high; but, the negative effects of capitalism are that money tends to concentrate, unfairly, in the hand of a very few powerful individuals, excessive competition can actually results in less competition through monopolies and prevents new comers from entering a market, and short term goals to maximize profits for share holders has worked push manufacturing overseas and reduced research. Government regulation and involvement is needed to keep the American capitalism market strong, open and working for the American people. Also, when Americans get squeezed out of the job market, they deserve to get help. It is not socialism for Government to provide help for individuals faced with disabilities and job layoffs and other factors not in the individual’s control. I bought into the capitalist model like a religion because I understand that capitalism is key to keeping the economy strong and innovation high; but, the negative effects of capitalism are that money tends to concentrate, unfairly, in the hand of a very few powerful individuals, excessive competition can actually results in less competition through monopolies and prevents new comers from entering a market, and short term goals to maximize profits for share holders has worked push manufacturing overseas and reduced research.

Government regulation and involvement is needed to keep the American capitalism market strong, open and working for the American people. Also, when Americans get squeezed out of the job market, they deserve to get help. It is not socialism for Government to provide help for individuals faced with disabilities and job layoffs and other factors not in the individual’s control.

]]> By: Tim http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2143915 Tim Thu, 04 Dec 2008 19:05:22 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2143915 Ex-Republican "The only ones who disagree are the Republicans. They still think the economy is strong!" Yes, they sure do. They created this mess (as did such stalwart republican leaders as Reagan and GHW Bush). Now the average working people of America (you know, "Joe Six-Packs") are suffering. I'm just thankful McCain lost the election. Maybe now we can get this ship off the sandbar and back on sea. Ex-Republican
"The only ones who disagree are the Republicans. They still think the economy is strong!"

Yes, they sure do. They created this mess (as did such stalwart republican leaders as Reagan and GHW Bush). Now the average working people of America (you know, "Joe Six-Packs") are suffering.

I'm just thankful McCain lost the election. Maybe now we can get this ship off the sandbar and back on sea.

]]> By: Susan in NC http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2143909 Susan in NC Thu, 04 Dec 2008 19:04:19 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2143909 DUH! Ya think? DUH! Ya think?

]]> By: President Obama/VA http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2143900 President Obama/VA Thu, 04 Dec 2008 19:02:45 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2143900 Of course the recession is serious. Majority of Americans knew we were in a recession last year when all the political pundits were denying it. The President(Bush) called it a slow down(No.S.Sherlock.). It's called a recession. It's a shame to see that it took almost a whole year for these idiots to figure that out. Of course the recession is serious. Majority of Americans knew we were in a recession last year when all the political pundits were denying it. The President(Bush) called it a slow down(No.S.Sherlock.). It's called a recession. It's a shame to see that it took almost a whole year for these idiots to figure that out.

]]> By: john http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2143898 john Thu, 04 Dec 2008 19:02:22 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2143898 the American people have said we were in recession since late 06. It was only official when the big companies felt it and we stopped paying them. LET THE BIG THREE FAIL and the new guys rise up. There have been a lack of innovation for 30 years and now they will pay for it the American people have said we were in recession since late 06. It was only official when the big companies felt it and we stopped paying them. LET THE BIG THREE FAIL and the new guys rise up. There have been a lack of innovation for 30 years and now they will pay for it

]]> By: bsmith171 http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2143859 bsmith171 Thu, 04 Dec 2008 18:56:49 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2143859 most americans don't have a clue about how finance works. who took out all these phopny mortgages and did not read the documents. how many failed to read their credit card terms? how many failed to read the terms on auto loans? most americans don't have a clue about how finance works.
who took out all these phopny mortgages and did not read the documents.
how many failed to read their credit card terms?
how many failed to read the terms on auto loans?

]]> By: Noah http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2143855 Noah Thu, 04 Dec 2008 18:55:56 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2143855 EW- because there is an actual definition for a recession. It is 2 straight quarters of decline in GDP (growth). Democrats have been saying every year since 2000 that we were in the middle of a bad economy, even though we experienced a record 55 straight months of GDP growth! Why is it that Liberals only do well in times when the economy is not doing well? I think that tells us alot about their motivation. EW- because there is an actual definition for a recession. It is 2 straight quarters of decline in GDP (growth). Democrats have been saying every year since 2000 that we were in the middle of a bad economy, even though we experienced a record 55 straight months of GDP growth! Why is it that Liberals only do well in times when the economy is not doing well? I think that tells us alot about their motivation.

]]> By: gl, Pittsburgh http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2143824 gl, Pittsburgh Thu, 04 Dec 2008 18:52:20 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2143824 Just go out and buy some food and you will know that we are in a largre recession. I am the type that buy the same items every month and most of them items went up like 4 dollors or more. Now that's a large recession. Food I can not go with out, but Christmas gifts I will this year and my son is okay with that. Husband and I have each other for a gift this year. I have to agree that most Republicans think the economy is strong. I like to live on their planet. Just go out and buy some food and you will know that we are in a largre recession. I am the type that buy the same items every month and most of them items went up like 4 dollors or more. Now that's a large recession. Food I can not go with out, but Christmas gifts I will this year and my son is okay with that. Husband and I have each other for a gift this year. I have to agree that most Republicans think the economy is strong. I like to live on their planet.

]]> By: richard http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2143809 richard Thu, 04 Dec 2008 18:50:52 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2143809 I never read caps, it shows low IQ I never read caps, it shows low IQ

]]> By: gary n. http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2143804 gary n. Thu, 04 Dec 2008 18:50:28 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2143804 @ Matt Thanks for your comments but you sound to me like one of those people willing to cut off your nose to spite your face. @ Matt

Thanks for your comments but you sound to me like one of those people willing to cut off your nose to spite your face.

]]> By: Ex Democrat http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2143795 Ex Democrat Thu, 04 Dec 2008 18:48:32 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2143795 It didn't take long for the Democrat congress to ruin this country It didn't take long for the Democrat congress to ruin this country

]]> By: no bailouts http://politicalticker.blogs.cnn.com/2008/12/04/more-americans-say-recession-is-serious/#comment-2143790 no bailouts Thu, 04 Dec 2008 18:47:38 +0000 http://cnnpoliticalticker.wordpress.com/?p=31861#comment-2143790 of course it's serious when you can't afford milk for your children. of course it's serious when you can't afford milk for your children.

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