Day: May 4, 2010

2010 Anal-Ocity #14

Once again I can always depend on certain people to say the most anal things just to get their point over to the public….and as usual my man man Rush can ALWAYS be depended on the make my job a little easier…..

The most recent oil spill in the Gulf of Mexico is a devastating situation…politically, ecologically and economically……when it started I want to know how long it would take for someone to blame this situation on those darn pesky Lefties…NOT LONG!

“…lest we forget, the carbon tax bill — Cap and Trade — that was scheduled to be announced on Earth Day. Then it was postponed, a couple of days later… what better way to head off more oil drilling, nuclear plans, than by blowing up a rig? I’m just noting the timing, here.”

He spouted that piece of anal garbage on his radio show of 29 April 2010…..now just how many of the right wing wackos are going to believe this crap?  I would almost bet that the right wing blogs have this as their main writings of this week……

Recovery Well On Its Way!

Daily Agitator

May I see a show of hands from all those that see a clear path forward in the economic situation we are fighting these day?  If you raised your hand please write down why you feel the recovery is doing well…..

Gross domestic product, the broadest measure of economic activity, rose at a 3.2 percent annual rate in the first three months of the year, the government said Friday. That was the third straight quarter of increase, driven by a rise in spending by American consumers and increased business investment.

Good news, right?  Well yes and no…yes, it means that Americans are spending, but if they are spending they are not saving…..which is good if you want the economy to recovery…but then are they spending “real” money or their plastic?  If the later then a personal recovery is NOT going to happen and this could start yet another recession or at least feed it….to my mind this is “plastic” spending and in NO way shows that the rest of the economy is in good shape.

Unemployment remains steady at 9.7% or so and that is just those applying for benefits, nothing is said about the many that are gone from the rolls and may have stop looking for work……even this supposed “good news” economically if it stays kind of consent will mean only about a .5% drop in unemployment at the end of the year…

Once again the “good news” is for investors not those that actually work for a living……..

drags on the economy this year are residential and commercial real estate. In the first quarter, both declined, with residential investment falling at a 10.9 percent rate and investment in business structures dropping at a 14 percent rate.

As much as some do not want to admit…if it were not for the stim plan….we would be under a huge pile of crap…….the stim plan has done a lot to slow the recession, for without we would be standing in a soup line…..I know it is government spending…but if not them…then who?

There is only so much crap that they can spread on the economy and believe me….they lay it on thick!  Look into your wallet……is the recession getting better?  Is the recovery effecting you?