It's The Economy Stupid! ...Just Not the Stock Market

[Nbadan]

Nobody gives a fuck that the stock market is setting new all-time highs because it doesn't affect the life of most middle-class Americans. Oh sure, it may add a few thousand to a future draw on a IRA account, years from now, but it doesn't begin to pay for the credit bills that have been piling up thanks to months of near $3.00 gas. The fact remains that real-wages, what we all collectively take home after health insurance, taxes, etc..etc.., are down since 2001, the year the GOP took office.

Futhermore, nobody cares the unemployment is at 4.9% because there remains millions of workers who have never returned to work, but if they are not drawing unemployment compensation then they aren't counted in the official unemployment numbers. Plus, we haven't began to count the millions of Americans who are only employed part-time, or are under-employed in the myrid of service-related jobs that dominate the 'full-employment' bush economy.

One only needs to look at the rising forclosure rates to tell that middle-class Americans are in financial straits. Once the bedrock of the economy, even the dream of home-ownership is turning into a nightmare for a growing number of Americans who cannot keep up with increased mortgages due to rising interest rates.

So don't fall for the new GOP talking-point, all is not well in Kansas. The rich making money in Wall Street does not mean that everything is well on main street.

[101A]

Money is not created in a vacuum.

If the rich are receiving money, somebody is spending it; and unless they are being taxed (not going to the rich), they are doing so more or less, voluntarily.

I've never seen anything like this. An economy growing, a low unemployment rate, low interest, lower taxes, and almost NO inflation...

AND YET...IT STILL SUCKS!!!

No it doesn't. It's as good as the numbers suggest; you can parse it any way you like, and you have plenty of interested people on the internet ready to give you the ammunition to do so, but based on historical signs, ones every other administration for all of history have gone by: This economy is kicking ass.

People are buying TV's, Refrigerators and Cars. They are decorating their houses and buying up the new Play Stations. Kids are on school busses with IPOd's and on the internet on their very own computers. Mom and Dad still go to the movies, and rent DVD's when they want to stay in; they still have cable and caller ID; American families are still going on vacation, and still have multiple cars to choose from.

Stop with the doom and gloom already.

[JoeChalupa]

How 'bout that Dow Jones Average!!! Yeeeeeeeeeeehhhhhhhhaaaaaaaaawwwwwwww!

[xrayzebra]

Nobody gives a fuck that the stock market is setting new all-time highs because it doesn't affect the life of most middle-class Americans. Oh sure, it may add a few thousand to a future draw on a IRA account, years from now, but it doesn't begin to pay for the credit bills that have been piling up thanks to months of near $3.00 gas. The fact remains that real-wages, what we all collectively take home after health insurance, taxes, etc..etc.., are down since 2001, the year the GOP took office.

Futhermore, nobody cares the unemployment is at 4.9% because there remains millions of workers who have never returned to work, but if they are not drawing unemployment compensation then they aren't counted in the official unemployment numbers. Plus, we haven't began to count the millions of Americans who are only employed part-time, or are under-employed in the myrid of service-related jobs that dominate the 'full-employment' bush economy.

One only needs to look at the rising forclosure rates to tell that middle-class Americans are in financial straits. Once the bedrock of the economy, even the dream of home-ownership is turning into a nightmare for a growing number of Americans who cannot keep up with increased mortgages due to rising interest rates.

So don't fall for the new GOP talking-point, all is not well in Kansas. The rich making money in Wall Street does not mean that everything is well on main street.

Well dan, guess you don't know much about retirement plans. Many
middle-class Americans do give a damn. Where do you think their retirement
funds are invested? In the DNC?

Foreclosure rates. Middle-class Americans are losing their homes. It is
those that bought more home than they could afford because of the
so called "innovative" mortgage plans.

Son, you really do need a basic education in economics. As well as just
a basic education. Your only skill is in browsing the liberal blogs.