Quote:
Originally Posted by Pressing-On
CB1,
Gallup polls are saying that 87% of Americans think the economy if getting worse. lol
The facts are:
With everything thrown at our economy - subprime housing collapse, subsequent credit crunch, skyrocketing oil prices and record fuel costs at the pump - it is still holding up much better than in other recessions.
During Jimmy Carter's Administration the unemployment was 7.5% and inflation was 14.4%.
The national jobless rate, today, is 5.5% and in some places between 4 and 5%. Inflation is at 4.2%.
Wall Street Economists are predicting 1 to 2% growth in the second quarter and 3% in the second half of the year.
Why? Because of the small businesses and flexible labor force, as well as, believing the current rebound and the heavy investments, made globally in recent years, will pay off.
57% to 41% are in favor of drilling. 
We are not doing bad. The media wants the American people to think we are. |
Good morning, PO -
What you have stated above sounds great, but reality holds a much different outlook for our country! Now, I found an article by a former Assistant Secretary of the US for Ecomonic Policy who served in the Reagan Administration who exposes exactly where I country stands today....news you won't see on CNN or FOX. Check it out at
http://www.informationclearinghouse....ticle18787.htm. Don't you love it that I was able to reference an article from someone who served in the Reagan administration, instead of the wacky far left liberal media?
God bless you this beautiful Sunday morning.
BTW, the joblless rate increased to 5.5% in May up fron 5.0 in April. Of course, that was a national average, but some states' jobless rates saw greater than 7% in May (
http://news.yahoo.com/s/nm/20080620/...JtdXa2RV_qxQcB).
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