We just had our house fitted for FIOS, the new fiber optic internet package the other day. In so doing, the router was put on the opposite side of the house so we must rewire it. At the moment, my PC is cut off from the rest of the world - so my posts may be a bit sporadic and short. If you're reading this for the 2nd or even 5th time, check out some of my earlier posts. :)
Onto some not so good news, but some things that are giving us a clear signal of what our economy is doing and where it is going:
Student loan economic trouble: "Sallie Mae, the largest U.S. student loan company, on Thursday affirmed its 2008 profit forecast, but warned of a “train wreck” in the $85 billion education financing market without urgent government intervention."
Gas pices pass $3.40; expected to rise higher: "Overall, crude prices have jumped more than 4 percent this week, in part due to the falling dollar, as well as a host of supply and demand concerns in the U.S. and abroad."
Merrill Lynch about to cut 3,000 jobs: "Merrill Lynch & Co., the world’s largest brokerage, on Thursday said it would cut another 3,000 jobs after more than $6.5 billion of fresh write-downs pushed it to a loss for the first quarter."
I posted a blog a few weeks regarding the unbelievable fact that 2 airlines went bankrupt in the same week, with another one announcing it will cease to exist at the end of May, putting thousands of people out of work. Yet at the same time, we've got presidential hopeful Bush Light (McCain) as well as the President himself saying that the economy is strong and this is just but a slight bump in the road, yada, yada, yada. What uber rich planet are they living on? Surely not the one where I have don't have a taxpayer-funded travel account, pay $3.15 a gallon for gas and hope I don't get hurt because I have no health insurance.
Where is the media on this? They report exactly what Bush says like it's the truth, yet blow Obama's "American's are bitter" statement totally out of proportion. We ARE bitter! What happened to fact checking and presenting all sides of an argument? Especially in the face of the numerous lies and chicanery the Bush Administration has been guilty of these past 7 years. Liberal biased media my a$$. Criticism of this "liberal media bias" here.
Here's some GOP hypocrisy for you: Why is David Vitter still in office and not Eliot Spitzer?
Thursday, April 17, 2008
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