Where is the US economy headed?

More than two thirds of Americans believe the U.S. economy is either in recession now or will be in the next year, according to a new NBC/Wall Street Journal poll.

That assessment comes despite the fact that, since the recession that ended early in President Bush's term, the U.S. economy has experienced sustained growth with low inflation and unemployment and generally rising stock values.

The NBC/Journal poll also reflected some mixed feelings about the economy. Just 15% and 16%, respectively, rated current conditions as very good or very bad. Yet growth in consumer spending has slowed, and concerns over health costs, job security and the rich-poor gap have left Americans downbeat about the road ahead.

"They're ambivalent about the current economy but pessimistic about the future," says Republican pollster Neil Newhouse, who conducts the Journal/NBC survey with Democratic counterpart Peter Hart.

"The macro-economy is reasonably healthy," observes Mr. Corzine, former CEO of Goldman Sachs. "But the reality for the majority of America is they're lucky if they hold on….The numbers are different from what the feel is on Wall Street."

Poll respondents expressed limited anxiety about the affects of either the housing market decline or stock market turbulence on their personal circumstances. Just 20% said shifting stock values lately have had a negative impact on their finances, while 17% said the same about home price declines.

So, you admit that you do blame people who are poor for spending some of their money on 'frivolities,' i.e., enjoying their lives.
cycloptichorn

Cycloptichorn

based on the above poll from the extreme leftist WSJ I'd guess the republicans are in deepshit for the next election.

Cycloptichorn wrote:

So, you admit that you do blame people who are poor for spending some of their money on 'frivolities,' i.e., enjoying their lives.
cycloptichorn

Cycloptichorn

Can you understand a simple concept, cyclops? No, I repeat, I do not blame poor people for spending money on frivolities. I blame them for asking us to support their necessities while they spend on frivolities. If you cannot understand that simple reasoning, there is no hope for you. This is at least the third time I have said it, and you continue to misquote me and misunderstand the simplest of concepts. Whew!!!!

I will try to exlain it one other way. If my neighbor throws mud on his own window and says it was unavoidable and asked me to help him clean it, I might be inclined to help, until he began to obviously throw more mud on his own windows. At that point, I would go home and it is fine for him to keep throwing mud on his windows, I don't care, but I would resent him asking me to keep helping him to clean them. Can you understand something as simple as that, cyclops?

According to the US Census Bureau, here are the 2000 income by identified group.

dyslexia wrote:

based on the above poll from the extreme leftist WSJ I'd guess the republicans are in deepshit for the next election.

Is that great language skills you use there to explain things to the ilk of okies, dyslexia? Great post. Keep at it.

I blame them for asking us to support their necessities while they spend on frivolities.

okie wrote :

Quote:

I blame them for asking us to support their necessities while they spend on frivolities.

watched CNN last night . the program was about well to do - VERY well to do - farmers that receive HUGE subsidies for their farming activities .
they spoke to some farmers receiving those subsidies ; they admitted that they don't need them , but since they are available they pocket them in good conscience .
okie probably sees nothing wrong with huge payments by the taxpayers to the rich - who are not all farmers - but thinks that if some of taxmoney goes to the poor , they'll spend it on "frivolities " .

i wonder if okie ever heard the word "equality" mentioned without getting the shakes .

i'm not very familiar with the bible but recall there are some interesting messages about sharing with the poor , i believe .
i must have incorrectly assumed that many united states citizens - who are usually told by the president that they are/will be blessed by god when he addresses the nation - would gladly share with the poor and earn god's blesssings - my mistake !
hbg

hbg, Another christian hypocrisy exposed! Yeah, that and many others that just has no common sense or humility in helping those who are having a difficult time with life. I often wonder how and when their brains get screwed up so bad they can't see right from wrong, but believe the bible is truth. I wouldn't be able to figure it out in a million years.

okie wrote:

dyslexia wrote:

based on the above poll from the extreme leftist WSJ I'd guess the republicans are in deepshit for the next election.

Is that great language skills you use there to explain things to the ilk of okies, dyslexia? Great post. Keep at it.

I intend to okie, I've been doing it for years and have no intention of stopping now. the great thing about forums like this is that I, as well as you, can post whatever I think. think about it okie and get back to me. Or don't think about it and shut the fuc*k up.

Miller wrote:

I live in the real world, not the virutal world, and by the way GOOGLE isn't the name of my God...

I believe you are very correct about Asian Americans. One of my anecdotal experiences, I have been in Anaheim and have seen the Vietnamese driving their new cars to the grocery stores in immaculate neighborhoods. I also think I have heard that the statistics back your claims, but I don't feel like doing a couple hours worth of research simply to verify every point made to cyclops just because he demands it. Some of this stuff is common knowledge to people that have been out talking to people and making daily observations at least in areas where they live, and I think this is.

Miller, much of what you post about this makes complete sense.

Miller wrote:

Cycloptichorn wrote:

okie wrote:

Cycloptichorn wrote:

Anecdotal evidence isn't evidence!

Cycloptichorn

So if somebody told you they did something to your face, it still can't happen? It takes a bureaucrat to survey that person and put the data into a graph to make it true? You are totally amazing, cyclops.

Don't be ridiculous.

If I tell you, 'There's a town in missouri where all the people walk on their hands,' would you accept that on face value, or would you say 'really? You have any proof of that?'

Anecdotal evidence has no place in an online discussion. There's no way to verify the accuracy of it at all, therefore, it is not proof/evidence of anything. Where did Miller get his/her information on Asian immigrants? I suspect that he/she simply made it up.

If someone tells you they 'did something,' then they should be able to provide at least some evidence that they did, if challenged on it. It doesn't mean that they didn't, if they can't; but they can't use that assertion of action in order to build a stronger argument, as Miller attempted to do.

Cycloptichorn

I get the distinct feeling, that you don't have much "living experience" under your belt and that your God goes by the name, "GOOGLE". Well my son, there's plenty out there in the real world that isn't on GOOGLE and there's plenty out there you haven't seen.

I submit that you don't know much about me at all.

Cycloptichorn

And common sense can keep you from poverty.