Top House Democrat Sets Three Priorities to Aid the Economy

lots of talk no action

bush is going down in history as the new herbert hoover THANKS PRES

GAS PRICES

SPEAKER PELOSI WHY CANT WE PUT SOME CONTROLLS LIKE WE HAVE ON ELECTRIC COMPANYS ON OIL COMPANYS,GAS IS A NECESSITY WE NEED IT TO GET AROUND .SO WHY NOT PUT CONTROLLS ON IT,AND START PRODUCING BIO DIESEL TAKE MONEY FROM THE OIL COMPANYS.THEY ARNT GOING TO HELP US GET OUT OF THIS MESS,SOME ONE HAS TO DO SOMETHING EVEN IF ITS WRONG,IF ITS WRONG WE CAN ALWAYS GO BACK AND CHANGE IT THANK YOU KEN WOOD.

GAS PRICES

SPEAKER PELOSI WHY CANT WE PUT SOME CONTROLLS LIKE WE HAVE ON ELECTRIC COMPANYS ON OIL COMPANYS,GAS IS A NECESSITY WE NEED IT TO GET AROUND .SO WHY NOT PUT CONTROLLS ON IT,AND START PRODUCING BIO DIESEL TAKE MONEY FROM THE OIL COMPANYS.THEY ARNT GOING TO HELP US GET OUT OF THIS MESS,SOME ONE HAS TO DO SOMETHING EVEN IF ITS WRONG,IF ITS WRONG WE CAN ALWAYS GO BACK AND CHANGE IT THANK YOU KEN WOOD.

So how can this work?

I don't see how a continuous export of manufacturing jobs overseas can work. Are not most of these developing economies export driven? I mean sure, you can have a 12 year old Chinese girl make your computer parts but at 50 cents an hour she's not exactly going to be rushing out to buy an iPhone. If America and Western Europe stop buying these goods in favor of gas and food, this recession goes global. Our consumers are the golden geese who will no longer be handing over their eggs at retail outlets as they have been slaughtered to make room for less well fed ducks.

And does anyone actually believe the numbers they come out with on the economy? GDP is not adjusted for inflation so defining a recession in terms of GDP makes no sense when inflation is high (0.6% increase in GDP-2.2% inflation=-1.6%). Of course, they factor out food and energy in determining the inflation rate then stop counting people out of work for longer than a specified period as being unemployed so those figures look rosy too.

Maybe we can't make it back to the 1960s but this administration has done a good job of getting us to Orwell's 1984.

too little too late

Travel abroad to see how drastically we have lost our edge. In fact, services is where the developing nations are making rapid advances. Manufacturing is taken for granted.

The ball has rolled downhill for 4 decades. It is hard to visualize how it can be returned to the same levels as the late 60s.