Nearly Half of Americans See Recession

augustine974 06:47:00 PM Oct 20 2007

will257b 09:06:09 AM Oct 19 2007

Report This! For the serious out here----- (I mean those whose commentary relates to artilcle)

Morning business report came up with - median house price 1980 - 156,000
median income 1980 67,000
????????????????????????????????????????????????????????
Census bureau 1980 - home 93,400 - income 39,300
Talk about twisting data to make things look good - the reported figure and the census figures are both adjusted to inflation, but the higher ones were used to make comparisons to the price of oil and housing in an effort to say that things are not that bad when you compare time frames. Of course, use the real figures and things don't look so nice. (The business report used Cal. - one of the highest and promoted it as the avg.)

If you would like the truth about tr inflation, wages, GDP and "hedonics", go to :

http://www.nowandfutures.com/forcast.html

It's not pretty, but it really explains why the middle class is hurting.

tampatabby 11:39:29 AM Oct 19 2007

shame on you righmercurylike for taking up all the spaces to blog. What a self centered SOB, it is all about you.

will257b 09:06:09 AM Oct 19 2007

For the serious out here----- (I mean those whose commentary relates to artilcle)

Morning business report came up with - median house price 1980 - 156,000
median income 1980 67,000
????????????????????????????????????????????????????????
Census bureau 1980 - home 93,400 - income 39,300
Talk about twisting data to make things look good - the reported figure and the census figures are both adjusted to inflation, but the higher ones were used to make comparisons to the price of oil and housing in an effort to say that things are not that bad when you compare time frames. Of course, use the real figures and things don't look so nice. (The business report used Cal. - one of the highest and promoted it as the avg.)

whoseaskingu 08:19:18 AM Oct 19 2007

Yes we're in a recession. The majority of 3rd quarter profits are down, especially if you look at the financial sector. Houses with for sale or forclosure signs are just sitting around losing value with very few buyers. The mortgage co.'s and banks can't sell off their commercial backed paper, securities because they look too risky. We have record foreclosures. Unemployment has creeped up to 4.7% and is expected to reach 5% by the end of this year. Companies are announcing more losses and layoffs. We've left a stage of growth and have entered a stage of slowed growth. Even Ben Bernanke said housing is putting a drag on the economy. That's a recession.

an1918 07:51:35 AM Oct 19 2007

Were not going to have a recession it will be more like a DEPRESSION!

Dugwindad 06:49:40 AM Oct 19 2007

When the REAL recession comes, and it will when the productive people are made to support the parasites, those who think we're in an recession now will remember these times as the good old days.

richmercurylike 04:14:21 AM Oct 19 2007

HAVE YOU LOOKED IN THE MIRROR LATELY?
WHAT DID YOU SEE?
DID YOU SEE SOME ONE WHO IS PART OF THE
PROBLEM OR PART OF THE SOLUTION?
DID YOU SEE SOME ONE WHO
POINTS THE FINGER AND
FORGETS THREE FINGERS ARE
POINTING AT THEM?
DID YOU SEE SOME ONE WHO IS
POWER AND / OR MONEY HUNGRY?
KNOWLEDGE IS POWER
GOOGLE IN THE FOLLOWING :
IN DEO SPERAMUS
SAVE THE COCKROACH BIBLE
RAINBOW WARRIORS OF FAITH
HAVE A BLESSED DAY

ATTENTION ALL RAINBOW WARRIORS OF FAITH - If you see any of those so called "professionals", who are actually CORRUPT EVIL BITCHES, WITCHES and BASTARDS who have "tried" to crucify me since November 12, 2004, remind them that "I AM IRON MAN" and that "EXPLOSIVE DIAHREA IS JUST NOT FOR BREAKFAST ANY MORE". Remember that "Faith Respect = Peace" and "In Deo Speramus" Have a blessed day. Rich Mercurio - founder of Rainbow Warriors of Faith. 499 Dewey Avenue, Rochester - A.K.A.- " THE LITTLE APPLE", New York 14613, United States of America.

richmercurylike 04:14:19 AM Oct 19 2007

HAVE YOU LOOKED IN THE MIRROR LATELY?
WHAT DID YOU SEE?
DID YOU SEE SOME ONE WHO IS PART OF THE
PROBLEM OR PART OF THE SOLUTION?
DID YOU SEE SOME ONE WHO
POINTS THE FINGER AND
FORGETS THREE FINGERS ARE
POINTING AT THEM?
DID YOU SEE SOME ONE WHO IS
POWER AND / OR MONEY HUNGRY?
KNOWLEDGE IS POWER
GOOGLE IN THE FOLLOWING :
IN DEO SPERAMUS
SAVE THE COCKROACH BIBLE
RAINBOW WARRIORS OF FAITH
HAVE A BLESSED DAY

ATTENTION ALL RAINBOW WARRIORS OF FAITH - If you see any of those so called "professionals", who are actually CORRUPT EVIL BITCHES, WITCHES and BASTARDS who have "tried" to crucify me since November 12, 2004, remind them that "I AM IRON MAN" and that "EXPLOSIVE DIAHREA IS JUST NOT FOR BREAKFAST ANY MORE". Remember that "Faith Respect = Peace" and "In Deo Speramus" Have a blessed day. Rich Mercurio - founder of Rainbow Warriors of Faith. 499 Dewey Avenue, Rochester - A.K.A.- " THE LITTLE APPLE", New York 14613, United States of America.

richmercurylike 04:14:17 AM Oct 19 2007

HAVE YOU LOOKED IN THE MIRROR LATELY?
WHAT DID YOU SEE?
DID YOU SEE SOME ONE WHO IS PART OF THE
PROBLEM OR PART OF THE SOLUTION?
DID YOU SEE SOME ONE WHO
POINTS THE FINGER AND
FORGETS THREE FINGERS ARE
POINTING AT THEM?
DID YOU SEE SOME ONE WHO IS
POWER AND / OR MONEY HUNGRY?
KNOWLEDGE IS POWER
GOOGLE IN THE FOLLOWING :
IN DEO SPERAMUS
SAVE THE COCKROACH BIBLE
RAINBOW WARRIORS OF FAITH
HAVE A BLESSED DAY

ATTENTION ALL RAINBOW WARRIORS OF FAITH - If you see any of those so called "professionals", who are actually CORRUPT EVIL BITCHES, WITCHES and BASTARDS who have "tried" to crucify me since November 12, 2004, remind them that "I AM IRON MAN" and that "EXPLOSIVE DIAHREA IS JUST NOT FOR BREAKFAST ANY MORE". Remember that "Faith Respect = Peace" and "In Deo Speramus" Have a blessed day. Rich Mercurio - founder of Rainbow Warriors of Faith. 499 Dewey Avenue, Rochester - A.K.A.- " THE LITTLE APPLE", New York 14613, United States of America.

richmercurylike 04:14:15 AM Oct 19 2007

HAVE YOU LOOKED IN THE MIRROR LATELY?
WHAT DID YOU SEE?
DID YOU SEE SOME ONE WHO IS PART OF THE
PROBLEM OR PART OF THE SOLUTION?
DID YOU SEE SOME ONE WHO
POINTS THE FINGER AND
FORGETS THREE FINGERS ARE
POINTING AT THEM?
DID YOU SEE SOME ONE WHO IS
POWER AND / OR MONEY HUNGRY?
KNOWLEDGE IS POWER
GOOGLE IN THE FOLLOWING :
IN DEO SPERAMUS
SAVE THE COCKROACH BIBLE
RAINBOW WARRIORS OF FAITH
HAVE A BLESSED DAY

ATTENTION ALL RAINBOW WARRIORS OF FAITH - If you see any of those so called "professionals", who are actually CORRUPT EVIL BITCHES, WITCHES and BASTARDS who have "tried" to crucify me since November 12, 2004, remind them that "I AM IRON MAN" and that "EXPLOSIVE DIAHREA IS JUST NOT FOR BREAKFAST ANY MORE". Remember that "Faith Respect = Peace" and "In Deo Speramus" Have a blessed day. Rich Mercurio - founder of Rainbow Warriors of Faith. 499 Dewey Avenue, Rochester - A.K.A.- " THE LITTLE APPLE", New York 14613, United States of America.