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Nearly Four In Five Americans Believe Nation Is In Recession, Poll Says

December 6, 2010 by  

Nearly four in five Americans believe nation is in recession, poll saysA recent survey reveals that 79 percent of Americans believe that the United States is still in a recession.

The poll, called the StrategyOne Annual Holiday Shopping Index, found that only 10 percent of respondents believe that the economy will improve in 2011. Approximately 39 percent said that they are concerned enough about the economy that they are planning to spend less this holiday season, while 52 percent said they will keep their spending in line with last year's shopping.

Public pessimism emerged in the survey despite recent reports that show economic progress, such as the consumer confidence index reaching its highest level since June 2009.

According to Bloomberg, President Barack Obama recently met with Wal-Mart Stores CEO Mike Duke and former Procter and Gamble CEO Alan Lafley to discuss the economy's future. The news provider reports that Obama, who has been criticized by corporate executives and the U.S. Chamber of Commerce, is attempting to improve his relationship with the business community.

"Getting the insight and the ideas of those that employ so many is important to the economic decision-making that the President and [his] team will have to make," Gibbs said, quoted by the news source. 

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  • http://none Mike

    So much for the summer of recovery.Wonder who the other 21% were? All this political angeling about a jobless recovery is just smoke and mirrors. We are in a depression not a recession. Talk to anyone over 70 and they will tell you the same. The bread lines have been replaced by food stamps. And the selling of apples and penciles has been replaced by welfare and unemployment checks. If not There would be alot of apple selling and long lines at the local homless shelters come meal time. Mike L.

    • TIME

      Mike, the only ones who think that things are getting better or have never been bad at all are the ones who also think that Godzilla is a “warm and fuzzy misunderstood creature.”

      But then again they also believe all Propaganda that they can get in a two second sound bite. Hey we even have a few right here, so if you just wait a few hours they will start posting all kinds of wild eyed crazy crap.

      Like 0+0= money we need to get a loan on.
      Or that if you tax a rock money will fall from the sky, we even have one here who can quote from the Daily Kos word for word, we revisit the Propaganda issue and two second sound bite rhetoric.

      • http://none Mike

        Yea I know Flash in the pan. I was thinking that 21% were probly the welfare crowd. You know the ones I am talking about the lifers. So life hasent changed much for them in 3 or 4 generations now. Mike L.

        • eddie47d

          Basically the economy has flatlined. I see the good news but the bad news keeps making it a wash. Everything I have read says the economy will be very much the same in 2011. Somethings will improve but the stock markets gains will be nothing like this year. Since we are a consumer nation who’s money has also flatlined it will be more of the same.

          • http://none Mike

            Eddie, Unfortunately the flatline economy does nothing to help our situations. I have found an out for mine after the first of the year I am going to fire up my old plan for a recycling buisness. Going to use my return to invest in a truck and some sinage.And have some folks from my church who are also unemployed right now willing to help me. Its kinda like the junk away guys but I am going to base my rates on the amount of resale possibilities and metals recycling prices.So I can charge very little where I stand to make money on the job. And my rates can go higher where the resale profits are less.

            I think this is where individual efforts can come in to help our economy.Maby if all of us that are willing get out and find our nitch we can improve things for our home town economies if nothing else. Mike L.

          • http://?? Joe H.

            Mike,
            I know a guy here that did that starting with picking up recycles in peoples trash on the curb in an old beater van. From that he bought a stake bed truck and now still picks up recycles, but he also picks up appliances and either scraps them out or repairs them and sells them for a profit. He’s still in his house has two vehicles, one kid in college, so I guess it’s working for him!!

          • http://none Mike

            Joe, Yea I did it for about 2 years I landed some haulaway contracts for heat and air guys. Made some good money at it for a while.Just stopped when I had to move to help take care of mom after she lost her house. Finally have that stablized somwhat.Now here there are no real jobes to be had. But there is alot of open properties that might serve my purpous soon I hope. Mike L.

      • http://none Mike

        Time I dropped you a couple of replies on what we were disscussing the other day. Go back and take a look and see if you get where I am comming from on thoes. Mike L.

        • TIME

          Hi Mike,
          Forgive me what was teh topic and I will pull it up. Thanks TIME

          • http://none Mike

            Sorry for my lateness in answering. Its yesterdays topic on the unemployment thread
            Mike L.

          • TIME

            Hi Mike,

            Yea I found it, I agree with you 100%. I had a former Marine computer warfair dude destroy one of my business’s.
            He was using Trojan’s that my computer tec couldn’t beging to understand, it also took him months to nail in down and the only way he found it was one of his friends was a former Government computer dude.
            After it was found I reported it to the FBI, they could care less.
            So all of you beware of that.

  • Al Sieber

    TIME, did you watch Bob Livingston’s video,the one he sent out on the 3rd called “the Most Important Day in America”? that pretty much explains what’s happening with the economy, very scary and sobering. you know China/Russia isn’t taking our “Dollar” anymore, we are really screwed, especially if the rest of the world follows and they’re talking about it.

    • TIME

      Al,
      The next step is to make the ownership of Gold Illegal, then Silver, then the really good news; that it will be a “RIGHT” to be able to own a home, and we will have the the pleasure of paying the Government so everyone can own a home.
      Anyone with more than ONE home or extra land it will be taken from you so others can have a home.
      But before these events your IRA’s and 401 Ks will be taken by the Government for your own good so that its not wasted by some broker.

      And yes the massive States bail outs, for states like CaliOfornia, and New Dork, and IllIOnoise, ~~ yes folks they are all Broke and in need of CASH.
      In New Dork on Long Island our home being just one of over 6 Million we paid property tax of $39,700.00 per year, and the folks that bought our home will now be paying $62,000.00 Plus per year.
      Thats on a 5 acre plot of land with a home built in 1898, with upgrades from the 1890 Sqft guest house we had with a barn when I bought it in 1990.
      Then added on 2690 sqft, and had the barn turned in to a four car garage that looked like the old barn but modern on the inside.

      So my point is how many others are paying that kind of money and yet NY is broke????????????????? Keep in mind just Center Island the homes there are paying PT’s of no less than $120K per year, and Manotick Long Island where the PT’s are $170K and up..
      How much money do they take in per year,
      Also keep in mind that a Condo in the City has tax’s built into your monthly Fee’s so figure your paying per month anywhere from $3500.00 – $20K per month. And the city has over 7 million people living there!!!!!!!!!!
      Now lets also toss in the bridges where the tolls are crazy money daily, and that just goes to pay for the states “Welfair,” Thats over $3.6 Million dollars per day, x 365 days per year, you do the math thats crazy money.
      And its all paid out to “Welfair”, it was to be used to mantain the bridges when it started out, yet all the bridges now are just held together with paint, band aids and prayer!!!!!!!

      Then when that starts to become a drag, you know when people figure out that this may effect them even…
      That will be the end of what you and I call The United States of America. That could well be in my lifetime.
      So in plain words my Grand Kids will be little more than slaves to the state. Not that we are not very close now, but there will be no more state of say Texas or New York no country called Mexico or Cannada or even the UK or Ruussia they will all be just one new state called the “New World Order”

      And the money will all be based on what work level you produce, and when you don’t produce your fair share, well then it will be off to the NWO Camps for your special Health Care needs, or the two dollar needle, aka BY BY.

      What blows my mind is how I watch people sell themselfs on the program as its just easier to do so than stand up and be a individual, aka follow the leader, {go along to get along.}

      We see it now with sports, what car you drive, what foods you eat, who you think is Beautiful, what Telie shows you are told are the Number 1 shows to watch.
      What music to listen to, how to act to fit in. Who to vote for based on nothing.. American Idol or what ever MTV is promoting for kids now, are all Prime examples.

      • Joyce from Loris

        Time, I agree with you. And NY is just one of MANY areas that just can’t seem to handle their massive amounts of money they steal from tax payers.

      • Al Sieber

        TIME, I agree, but I’m not giving up God, guns, any gold, silver, food,etc.. I know that the “light at the end of the tunnel” is a on coming train.

  • s c

    It doesn’t make much difference to the Washington crowd what Americans think. ‘Peter Pan’ Obama is too busy living in his dream world to give a damn about reality.
    People, please remember that Mr. Obama, was SO OFFENDED that he ‘inherited’ so many bad things from a certain GB. Instead of ‘correcting’ that which he ‘inherited,’ he has made things WORSE, and that includes getting us mired down in Afghanistan (nobody wins in Afghanistan, just ask the Russians).
    When you factor in Mr. Obama’s schizophrenic approach to the economy, ‘Peter Pan’ is a very polite way to describe his delusional
    administration.
    Keep on dreaming, Mr. Obama. But, do it elsewhere. RESIGN, Mr. Prez. You and responsibility are diametric opposites. Visit North Korea. Go to Cuba. There are so many places where your “special” talents are needed.

    • Al Sieber

      sc, good one, “Peter Pan” is right.

    • Dan az

      sc
      welcome back!

  • tim

    Europe just took 3 trillion so we could support thier socialism. Wonder how much obama will give them before he realizes that socialism is just trying to live on someone elses money

  • http://PersonalLibertyDigest Randy 131

    The numbers on unemployment and the economy are being skewed by this cheating administration to keep from looking as bad as they really are. February 2011, after the holiday season that historically always increases sales and employment temporarily, will show how bad this economy really is and is getting worse. The people have seen nothing yet as far as misery in their lives, instituted by Obama and the Democrats, but they will soon, for now their failures will cause a speed up in the disaster that is coming. Those who have stored food, guns, and ammo will survive, the rest will be at there mercy, and then people will hope those who are prepared are Christians.

  • Joyce from Loris

    The 21% who do not think we are in a DEPRESSION (worse than a recession) are those who have GOVERNMENT JOBS! They are getting a pretty good paycheck, thanks to what’s left of the tax payers. We keep borrowing money to pass out to people for doing nothing. We ship money that WE DON’T HAVE to Brazil and Mexico, to the turn of $2 BILLION EACH, for oil exploration, yet shut our OWN WELLS DOWN. This is madness! On top of it all, we have MILLIONS of illegal aliens, sucking our system dry by taking hand outs in the form of welfare checks, food stamps, health, etc. and the Mexicans are shipping $22 BILLION, this year alone!, back to their banks in MEXICO. That money is not being recirculated into our economy. Many of the jobs that ARE available are going to the Mexicans. In Castlewood, VA, they are building a power plant. There were 1800 positions available. 800 of those positions were filled with MEXICANS, who COULD NOT SPEAK ENGLISH. They had to have two safety meetings a day, one in English the other in SPANISH. These Mexicans are making $28 an hour. Do you know any American who wouldn’t love to have that job???The tax payers in America ARE BROKE. There ARE NO JOBS to be had. You can get on the computer and look for jobs, and there are many of them listed, yet when you get down to the brass tack of contacting the companies, the jobs really do not exist. What’s that all about? Why would they list jobs that don’t exist? To make the unemployed feel better?

    • Kinetic1

      Joyce,
      OK, let’s look (once again) at the money that Brazil and Mexico received for oil exploration. I don’t know how many times I will have to say this, but it is NOT FROM OUR TAX DOLLARS! This was not a “government giveaway”, but rather a loan from the U.S. Import/Export Bank. Their mission is to guaranty loans that could not be found in the private sector, and promote American goods and services. In simple terms, the money loaned MUST GO FOR THE PURCHASE OF AMERICAN PRODUCTS or PAY AMERICAN WORKERS! It’s easy to find this information, just ignore Sarah Palin and her ilk and look it up on Google.

      It never fails to amaze how people on this site will continue to post lies and half truths long after they have been debunked. This is just one more example of how some of you will promote something that you should know is false, just because it makes your argument moot if you face facts.

      • JC

        Who owns the US Import/Export Bank?
        And why should it gaurantee anything that can’t be found in the private sector?
        Must be part of some socialist wealth redistribution scheme if no one else will back it. Ergo: part of exactly what is wrong with our government policies.

        • Kinetic1

          JC,
          From wikipedia,
          “The Bank is chartered as a government corporation by the Congress of the United States. Its Charter spells out the Bank’s authorities and limitations. Among them is the principle that Ex-Im Bank does not compete with private sector lenders, but rather provides financing for transactions that would otherwise not take place because commercial lenders are either unable or unwilling to accept the political or commercial risks inherent in the deal.”

          Political unrest, the size of the loan, there are all sorts of reasons a private bank might not want to be involved without some sort of guaranty.

          “Generally, its programs are available to any American export firm regardless of size.”

          It loans, not to help out the foreign interest, but to help American companies with the opportunity to do business outside of this country.

          From an article in Aug. 2009,
          “A spokesman for the bank, Phil Cogan….”This is the government doing what it’s supposed to do: Create jobs and make sure that Americans get a fair shot at selling goods and services — not the British or the French or anyone else — and to help American workers compete on a level playing field,” Cogan said, noting that most developed countries have similar credit-export agencies.”

          The Ex/Im Bank provided nearly $25 billion in export financing in fiscal 2010, which ended Sept. 30.
          This record volume supported 227,000 jobs at 3,300 U.S. companies. You can call this “redistribution of wealth” if you want, but you’d be wrong. These are loans and loans by their very nature earn money through interest. On top of that, these loans help our nations businesses, both large and small expand their customer base and support our workers here at home.

          “Today, nearly 95 percent of consumers live outside of our nation’s borders. Yet, only one percent of American companies are selling to them. Most economists agree that exports of American-made products represent one of the most important components for future economic stability- and one of the most immediate areas for potential GDP growth. Every $1 billion of export sales supports 7,400 American jobs.”

          I know that many people on this site are suspicious of anything the government has done or will ever do, and I will not say that the USEIB is without fault, but you need to do some research before you condemn. The Petro Bras loan debate came about from a Wall Street Journal OpEd that failed to explain the details of our nation’s involvement. President Obama had nothing to do with the loans since he does not oversee or control the business of the USEIB, so reporting that his administration was being duplicitous and “giving” money to Brazil was totally off base. Sarah Palin ran with the story, not bothering to do any research to insure that she was in the right. It’s all too common in this time of the internet, and I for one am tired of lazy people on either side of the political fence stirring up trouble through their sloth and incompetence.

          • eddie47d

            That gave me a chuckle Kinetic;Palin doing research before opening mouth. That would be refreshing! To the other point. All members of the import/export Bank at the time of this loan to Petrobras of Brazil were appointed by G Bush. No Obama appointees were on that board before the loan was approved. That really doesn’t make much difference but the right always get’s that wrong. Glenn Beck is the one who really tried to tarnish Obama on that one and Palin ran with it. They should be ashamed of themselves for not fact checking and spreading falsehoods. This loan seems to have a very good return rate on it and should be a bipartisan issue. Now if there is a massive oil spill off the coast of Brazil and it involves this loan then that is another story. If it’s paid back with interest that will help the American economy. The Gulf oil spill shut down that area and is a separate issue to this loan.

          • JC

            I appreciate your taking the time to provide a civil answer.
            However, as a Libertarian I am diametrically opposed to the line of thinking posed by Phil Cogan as quoted in your response (below).

            From an article in Aug. 2009,
            “A spokesman for the bank, Phil Cogan….”This is the government doing what it’s supposed to do: Create jobs and make sure that Americans get a fair shot at selling goods and services

            It is not now, nor has it ever been the governments business to “create jobs”. In fact their meddling in the economy is what got us in this mess in the first place. As for the EX/IM Bank…again, they’re using tax funds where no one in the private business will do so. Again this is not the prerogative of a limited government.

            All of this inteventionist economics simply has to stop if we are to regain control of out nation’s economy and not be sold to the highest bidder in the false name of “Globalism” which is at best a thinly veiled term for slavery.

            Sorry but I can not support a government that robs Peter to pay Paul.
            It’s a Ponzi scheme.

          • Warrior

            Right on Kinetic 1, Just another useless corrupt government entity that just happens to be under the purview of the president himself.

            Isn’t this great!

            The Bank has come under criticism for allegedly favoring special interests ahead of that of the U.S. taxpayer. These interests include that of heavily subsidized corporations such as Boeing or Enron as well as those of well-connected foreign governments and nationals (such as a 1996 $120 million low-interest loan to the China National Nuclear Power Corporation (CNNP).[5]

            However, the current congressional mandate for the Export-Import Bank of the United States is to focus on small business support.[1]

            In 2007, WFAA-TV in Dallas revealed that the Ex-Im Bank had given at least $243 million in fraudulent loans to companies doing business with Mexico, including giving loans to companies with no verifiable address and individuals who were known associates of the Sinaloa and Juarez drug trafficking cartels.[6]

            In February 2009, the Ex-Im Bank settled a 7-year long legal proceeding brought by Friends of the Earth, other NGOs, and various American cities. The plaintiffs claimed that the Ex-Im Bank and the Overseas Private Investment Corporation (OPIC) provided financial assistance to oil and other fossil fuel projects without first evaluating the projects’ global warming impacts. In 2005, the plaintiffs were granted legal standing to sue these federal bodies. The landmark decision is the first time that a federal court has specifically granted legal standing for a lawsuit exclusively challenging the Federal government’s failure to evaluate the impacts of its actions on the Earth’s climate and U.S. citizens.[7] In its settlement agreement, the Ex-Im Bank agrees to evaluate the carbon dioxide emissions as part of its determination for qualification for a project.[8]

            The majority of loan guarantees over 2007 and 2008 went to companies purchasing Boeing aircraft.[9]

          • Kinetic1

            JC,
            Again, for the most part these are not tax dollars being loaned. The USEIB often works as a guarantor of these loans. As for meddling in foreign affairs, if a foreign corporation wants to buy skip loaders from an American company but needs some help getting a loan, I have no problem with that. Our trade imbalance with nations like China are a major part of our economies down fall. If our government can aid companies in increasing goods a services sold, then our trade deficit goes down and we begin to return to our former glory.

          • Kinetic1

            Warrior,
            As I said, they are not without fault. Given the amount of money they deal with each year I am not surprised that they have run afoul on occasion, but let’s not throw the baby out with the bath water. And again, they are NOT under the purview of the President. Yes, the President appoints the head of the board, but the USEIB is an independent agency, free to make loans as they see fit. I’m sure that the president may, from time to time ask them to consider a loan that would benefit detente, but that is apparently the exception rather than the rule.

      • Joyce from Loris

        Kinetic1, I don’t know how old you are, but do you know how many loans the U.S. Import/Export bank has made that WERE NEVER REPAID??? When a “loan” is not repaid, it’s a HAND OUT. Especially when the “LOANER” knows that the “loan” will never be repaid. If the countries that we had “loaned” money to would repay those “loans”, then we could pay off our deficient.

        • Kinetic1

          No Joyce, why don’t you tell me, in real numbers just how much has not been repaid. Maybe you could site some sources as well.

        • http://GOGGLE vaksal

          Joyce from loris,last year i listened to two folks talking loudly about this same subject,those loans never being paided back,and the older women told her tormentor,that isreal never pays this nation back,for congress has forgived their debts for many years,as i am not well versed on this subject very well ,is that true? if so whats the scoop?

          • Kinetic1

            vaksal,
            We need to define our subject matter. Loans made by our government to countries like Israel, perhaps to be used for defense and the purchase of U.S. weapons are not loans from the U.S. Export/Import Bank. The loans in question here are made specifically to help U.S. companies who have an opportunity to do business overseas, but find their potential buyer can not find funding.

            Now for a bit of disclosure. I was not lying when I said I did not know the dollar figure for USEIB loans left unpaid, but I do know the percentage. The loan default rate is only 1.5%, and that’s for the entire 76 years they have been supporting American businesses. And what do they bring to the table besides supporting business? In fiscal 2009 they deposited $135 million in America’s coffers. Not bad considering the 10s of billions they helped our nations businesses earn. So yes, I could have just said that instead of letting Joyce dangle in the breeze, but I wanted to see what she could come up with.

          • Vigilant

            Kinetic1,

            You’ve done your homework regarding Ex-Im Bank. I did some research of my own, and can confirm what you say. Thanks for piquing my interest in it.

            No taxpayer $$$ were used, as the Ex-Im is self-sustaining. Only American made goods and services qualify for Ex-Im Bank loans or guarantees, and since 1992 the Ex-Im has earned and sent to the U.S Treasury more than $4.9 billion in fees and interest earned by the Bank. The loan guarantee will actually create thousands of US jobs.

            According to the Ex-Im website, “The Bank’s bipartisan Board unanimously approved the preliminary commitment to Petrobras on April 14, 2009, before any Obama appointees joined the Bank. In fact, at the time the Bank’s Board consisted of three Republicans and two Democrats, all of whom were appointed by George W. Bush.”

            Palin was dead wrong, and she indeed should have checked out the facts. There can be no doubt that nothing untoward was involved in the loan guarantees, and Conservatives should be congratulating the Bank’s efforts.

          • Kinetic1

            Vigilant,
            Thanks for looking into the facts and not the fables. You know, I hate to hear that our government has sold us out, but it happens from time to time and I accept that. It’s just these stories that have no merit but just keep being repeated like the hook on the car door. Yes, it’s unfortunate that there is always something that needs to be debunked, like Linda’s FEMA re-education camps. Thanks a lot, Beck.

        • 45caliber

          It is the World Bank that I don’t like. The last time I heard, the US was the sole supporter of the bank. And any country could borrow from it. Nothing down, no interest, and unlimited time to pay it back. Needless to say, it hasn’t been paid back by anyone so far. That may be the bank you are thinking about.

      • linda

        Kinetic1. That deal with Brazil happened about the time of the Gulf Oil Spill. Obama has shut down drilling again down there. People are again out of work. True. Why not give loans to companies in America and allow them to drill for oil in our gulf. I am sure they would have looked at our coastline as being a lot more dear than BP did. Obama has his finger into so many things. It would take a scientist to figure out what is going on. He vacations way too much. It cost over 81 thousand dollars to operate air force 1 for an hour. He is always zipping of somewhere. Bush only went to Crawford Texas once in a while. Laure Bush certainly did not take a large entourage to Spain on our dime. If you ask me this administration is just milking us for all they can get because they feel they deserve it and if they break our country in the process so much the better. One day you may find you can’t vote for you sweret dems anymore. You might lose a whole lot of things you like. I pray you don’t but with people out there who swallow the crap every day it just puts us closer to Depression Day. See you in the Fema Camps.

  • Harold Olsen

    Only an idiot WOULD NOT believe that we are in a recession or worse. Obama, Biden, Pelosi and Reid all know that we are in a recession and that there is no recovery as they claim but they refuse to admit it because they would then have to admit that their Nazi agenda is not working. But then, they don’t care anyway. The goal of the Obama regime is to destroy our country and one of the best ways to do that is to destroy the economy and they have done everything they can to do just that. The two houses of Congress (both Democrats and Republicans)are aiding and abetting the Obama regime in their goal. I have no confidence that the new crop of Republicans which were just elected will do much, if anything, to stop the Obama regime. I don’t believe they have the courage.

    • Bus

      And yet the American people continue to elect those people to office, even during the tea party surge? There are even deeper problems afoot.

      • linda

        It will take time for prople to really realize what’s going on. I live with a democrat and he is so stupid he hurts me to listen to him. He doesn’t use a computer and the only place he gets news from is ABC and NBC and the rest of the elite media. This man is disabled and already they have stopped some of the services he was getting. He has emphysema, kidney failure about to be on dialysis and very bad high blood pressuer. He comes from a long line of democrats just like me but I read and learn what’s going on out there. One day when they cut jhis air off I don’t know what he will do. When they figure out that to keep voting for the same old people every time instead of patriots who want to change things for us we will be better off. They may have to lose a few services first. While this man worked and paid into a system that promised all of this many illegals are sucking up what should be his and other peoples. I say we back Americans in their hour of need but no to illegals. Please start electing people who will go to Washington and tear them a new one and make things better for us.

    • eddie47d

      Harold Olson can see Stormtroppers from his front porch … no wait those are Minutemen scattering after being disbanded. You all could really change things if you get rid of the Nazi trash talk.

  • http://foundersrevolution.blogspot.com/ Patriot1776

    It’s called a DEPRESSION!!! We are only shielded from the reality of the situation by government programs like unemployment. this will actually HURT the recovery….. if ther is one.

  • Teresa

    Lets see….Let the Bush tax cut run out but yet ask for another stimulus program to nowhere….extend the unemployment benefits w/o creating jobs(not gov. or union jobs)…..secure the borders instead of fighting so hard to allow illegals inside our nation to further our debt while so many are out of work here…..fight so hard w/mexican president w/the UN against our own states instead of For our own Constitution!…..put a unconstitutional healthcare system in effect that will create a catastrophic debt to all of us……Yes we are in far more than a depression, we are in a moral and political battle w/congress like never before. Until the government realizes that they never were and never will be any better than you or I and that they always have and always will work for us and should be treated no differently they will never see us as equals, and that I am afraid will never happen. They have surrounded themself w/greed, vanity and power that makes them think us less. Without morals I’m afraid you have no integrity and values but for self serving purposes at the cost of all of us.

    • http://?? Joe H.

      Teresa,
      Nobama sure shot himself in the foot today!!! Made a deal with the republicans and then later the dems came out and said wait a minute we didn’t make any deal!!! His base is gonna desert him, the conservatives never WERE for him, The independants have seen him for what he is, He is gonna have a real problem running for dog catcher!!!

  • FiredFriday

    Depression with inflation in staples is the situation. So, if you trade oil, grain, cotton, food, dog food, metals, or the like you are doing fine. The rest are in trouble.

  • http://com i41

    Joyce, the only country who has every paid the USA back for money loaned to them is Finland and Norway going all the way back to WW2. Omunmnutts just gave Mexico 2 biilion to drill in the area we were told to get out of. Why don’t the Mexrug cartel use some of these illegal thugs as piper lube to speed up drilling to get us paid beack quicker. At that dept it should be like sticking greasy tooth picks in a pop bottle, plus heat at that dept will sanitize the renderings.

    • Kinetic1

      You can read more above, but the default rate on USEIB loans is only 1.5%. Were not talking about government aid to rebuild after WWII. Research people, research.

      • http://?? Joe H.

        Yes, but in 2007 alone, they made 243 million in bad loans to mexico some to drug dealers and some to borrowers they couldnt even confirm an address on. They may borrow up to 6billion outstanding from the treasury at any time!
        Doesn’t seem to be a real safe bet to me if they can’t even confirm the address before they loan!

  • 45caliber

    I’m not one of these 4 of 5 people who believe we’re in a recession.

    I believe we’re in a depression instead.

    • Joyce from Loris

      Bingo, 45caliber.

    • BobbyB

      I’m depressed! What’s most depressing is the ever widening division among our citizens. This is by design folks. I wish everyone would turn off their TVs, Radios, and internet service and just take a few weeks to look around for themselves. The “Redistribution of wealth” has already happened. Our wealth has been taken and given to the mega rich, not the poor and illegals.
      Since 2008, we have given banks and corporations, both domestic and foreign somewhere in da hood of 14 TRILLION dollars. Granted, a lot of that went in to the stimulus, but the bulk of it went in to PEOPLES POCKETS and it’s not coming back. We are becoming a 3rd world nation like Mexico has been forever. What really sucks is countries like Mexico never had a middle class. They had 1% super rich and the rest were peons. If you want to be a peon, keep on believing the BS you’re spoon fed daily. It’s all by design~

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