Economics 101 - Dubya Style

Has anyone seen this article yet? If you can't take bad financial news, you might not want to read it.

Basically, here's what we're dealing with:

  • The stock market plunged more than 500 points before recovering slightly.
  • The economy may be decelerating more than anticipated.
  • Orders for durable goods dropped in January by the largest amount in three months.
  • Housing market slump isn't temporary - it's far from over.
  • Fourth Quarter GDP growth expected to be revised down to 2.3% from 3.5% tomorrow.
  • And we thought the Republicans and their annointed king couldn't fuck up our country any more than they already have. This goes way beyond cyclical for anyone who wants to whip out that argument.

    Another link below the fold...

    On the lighter side of financial news we find BOA customers cutting up their credit cards and mailing them in to protest BOA's new card that could be used by folks who are in the country illegally as they do not require social security numbers. Don't know about you, but I'm getting that new coke kind of feeling about these cards.

    Comments

    Rough day on the old domestic front

    for the Shrubya. Looks like his house of cards is collapsing . . . except the only problem is, we're all under it. I hate that asshole.

    The little turd can't get a break

    ...and I'm not planning on cutting him one myself.

    Robin Hayes lied. Nobody died, but thousands of folks lost their jobs.



    ***************************
    Vote Democratic! The ass you save may be your own.

    I've tried to see

    things from Bush's point of view, especially when it comes to the economy and job growth, but I can't quite get my head that far up my butt. Sorry.
    Dharma Pup

    I don't think you need

    to get your head up your own butt to see things W's way. You only have to get your head up the collective butt of those with incomes in the top 1% of tax filers -- the Aristocracy.

    Then again, if you're W you actually ARE one of the top 1% so ...

    hmm ... :::thinking:::

    ok. Nevermind.

    "They took all the trees and put them in a tree museum Then they charged the people a dollar 'n a half just to see 'em. Don't it always seem to go that you don't know what you've got till it's gone? They paved paradise and put up a parking lot."

    You two crack me up!



    Robin Hayes lied. Nobody died, but thousands of folks lost their jobs.



    ***************************
    Vote Democratic! The ass you save may be your own.

    yeah, I read that

    Nothing surprises me, I keep seeing small businesses going out of business here in Asheville.

    Including oddly enough, a pawn shop and a used-furniture place.

    I'm with you 1000%

    I've been sporting an Impeach Bush bumpersticker for three years. The guy makes me want to gag just looking at him. Then when he opens his mouth, I really start to lose it. I really can't wait to the end of this error.

    From Your Lips -

    to God's ears.

    The only problem

    with impeachment, as exciting as that sounds, is then finding ourselves saddled with President Cheney ... OH MY GOD! NOT THAT!
    Dharma Pup

    No -

    They're a set. One goes they both go and take Condi with 'em.

    That's right.

    Can't impeach one without the other.

    That

    WOULD be exciting to watch. (Sorry, the prospect of a Cheney presidency gives me diarrhea.)
    Dharma Pup