Bush on Iraq, economy, FISA, wiretapping

Further proof that Bush lives somewhere other than the planet Earth.
On one issue particularly worrisome to American consumers, there are indications that paying $4 for a gallon of gasoline is not out of the question once the summer driving season arrives. Asked about that, Bush said "That's interesting. I hadn't heard that. ... I know it's high now."
Source

Sphere: Related Content

Fed chief tells Congress economic situation is ‘distinctly less favorable’

The Feds are lowering the interest rate again as the economy is "distinctly less favorable.
Let's face it with the economy the way it is, the high cost of food and heating oil and such, is it any wonder that people are holding on tighter to their money?
In my view of it we need to stop importing from other countries and learn to rely on our own people to produce the goods that we currently import. I think we also need to develop alternative sources of energy to end our dependency on foreign oil sources.
What's you view of this?

Sphere: Related Content

Breaking News - Bush says serious signs the economy is weakening

You know the economy is in big trouble when Democrats and Republicans start talking cooperation instead of confrontation.
What about Bush's repeated claim - made most recently in his State of the Union address - that "America has added jobs for a record 52 straight months."
On Friday he said, "A serious matter is that for the first time in 52 months we didn't create jobs."
Quite an about face in a matter of days isn't it?
More^

Sphere: Related Content

Dazzle Them With Bullshit

"If you can't dazzle them with brilliance, then baffle them with bullshit". This is the perfect saying for the following.

Obviously Bush is only good with the Bullshit.

Sphere: Related Content

White House may agree to go above $150 billion in economic aid

“We are not forecasting a recession,” Perino said. “Clearly there is a slowdown.”
This is the understatement of the year.
Not forecasting a recession? We are in a recession.
The administration’s initial efforts also failed to reassure global stock markets, which plunged Monday on rising fears that trouble in the U.S. economy could translate into weaker economic activity worldwide.

Sphere: Related Content

Bush, Bernanke endorse economic stimulus

WASHINGTON - President Bush and Federal Reserve Chairman Ben Bernanke on Thursday embraced calls for an economic stimulus package to avert recession. Bernanke said such a plan should be aimed at quickly getting cash into the hands of people, especially those with low and moderate incomes.

Read More^

Related: Can the government stimulate the economy?

Sphere: Related Content

House passes $516 billion spending bill

By ANDREW TAYLOR, Associated Press Writer

WASHINGTON - The House Monday approved a $516 billion measure funding 14 Cabinet agencies and funding for troops in Afghanistan, setting the stage for a year-end budget deal with the White House.
President Bush has signaled he'll ultimately sign the measure — assuming up to $40 billion more is provided by the Senate for the Iraq war — despite opposition from GOP conservatives.
In an unusual two-step, lawmakers first voted 253-154 to approve the omnibus spending bill; they then voted 206-201 to add $31 billion for troops in Afghanistan to the measure. The combined $516 billion spending package is set for Senate debate on Tuesday.
The year-end measure mostly sticks within Bush's budget, though it shifts billions of dollars into politically sensitive programs he sought to cut. Bush signaled he would sign the measure, awarding a 4 percent increase, on average, to domestic programs.
Bush's approval depends on Senate Republicans succeeding, later this week, in adding up to $40 billion for U.S. troops in Iraq.

Read More ^

Sphere: Related Content

The Media's Top 10 Economic Myths of 2006

The Media's Top 10 Economic Myths of 2006
Compiled by the Business & Media Institute.

The complete report is available here.

10. American manufacturing is obsolete. Media myth: All the manufacturing jobs have been shipped overseas, and the only ones left are in the almost empty plants of the Big Three automakers.

9. The American dream has become a nightmare.Media myth: It’s no use trying, because you’ll never achieve the American dream.

8. You can’t be trusted with a fork and spoon.Media myth: From your morning doughnut to your afternoon potato chips and your evening burger, the government should stop you from killing yourself.

7. Wages are stagnant.Media myth: Workers are getting left behind in economic growth.

6. Global warming doom grows ever nearer. Media myth: We have passed the “tipping point” on global warming. The U.S. had better pay up -- and we don’t have much time.

5. Increasing the minimum wage will help the millions of poor workers. Media myth: U.S. workers are barely getting by, and it’s past time for a minimum wage increase after all these years.

4. The housing bubble has burst.Media myth: A U.S. housing slowdown means the market is crashing down and the rest of the economy isn’t far behind.

3. Bird flu is going to kill us all.Media myth: Stockpile your drugs (and everything else) now, because bird flu is coming and it’s going to get ugly.

2. Gasoline is a conspiracy -- going up or coming down! Media myth: Big Oil is conspiring to spike gas prices and stick it to the consumer. Wait! No! Big Oil is conspiring with Republicans to bring gas prices DOWN before the election!

1. The U.S. economy is hopeless -- again. Media Myth: The average American knows that the economy is bad and not getting better.

Cynical, Manipulative? How many of these did you buy into?

Sphere: Related Content

Where costs will rise (or fall) in 2007

Where costs will rise (or fall) in 2007
Raises will average 3.7 percent, but there will be a lot of competition for those dollars given the price increases forecast for many basic expenses in 2007. But there are some areas where you'll likely pay less. By Jeanne Sahadi, CNNMoney.com senior writer

Figured I would get this in for you before New Years...better start saving!

You or your parents: Who's better off? When it comes to housing, education and income, you have it easier than your parents in some ways. But Mom and Dad trump you in others. (more)

6 salary secrets and myths Employers seem to have the better hand in pay negotiations. But here are 6 ways to better read the cards they hold. (more)

Sphere: Related Content