Snapshots from our "Strong" Economy

[marmar]

www.bloomberg.com



•Trichet Sees Economy Shrinking in '09 as ECB Cuts Rate by Most in 10 Years

•AT&T Will Cut 12,000 Jobs, Expects $600 Million Charge for Severance Costs

•GM, Ford, Chrysler Chiefs Urge Congress to Approve $34 Billion Rescue Plan

•Factory Orders in U.S. Fall 5.1%, Most in Eight Years, as Recession Bites

•Oil May Fall Below $25 Next Year Amid Global Recession, Merrill Lynch Says

•D.E. Shaw, Farallon Limit Client Withdrawals as Hedge-Fund Freeze Deepens

•Credit Suisse to Eliminate 5,300 Jobs After $2.5 Billion Loss This Quarter

[tjwash]

1. remember...it's not a recession

:sarcasm:

I snapped these just walking down my street





The irony of the xmas lights being up...merry xmas, now get the fuck out.

[bdamomma]

2. sad

I hate what is happening to so many people. :-(

[tjwash]

3. The homeless shelters are stressed out around here, and the food banks are almost empty.

We get a lot of "snowbird" homeless here normally, because of our weather, but there have been such a massive influx of new homeless because of the bush depression the last 2 years, that the already meager operations set up to help them are stressed to the breaking point as well.

[Zywiec]

4. Who says it's not a recession?

http://www.washingtonpost.com/wp-dyn/content/article/2008/12/01/AR2008120102771.html

Maybe you've missed the news.

[tjwash]

7. The problem is people have been watching the news.

the last 2 years the corporate owned media outlets have been saying everything is juuuuust fine, now spend spend spend, max out those credit cards, and don't forget to buy a big gas hogging SUV from ford made with electronic parts from Taiwan, engines from Mexico and steel smelted in China.

The corporate media just missed their target date of Jan 20th to start their "Obama recession" blitzkrieg, and are now being forced to start it a little early.

Love the latest whore media meme by the way...the recession / poor stock market is being cause by the fear of Obama raising taxes. :eyes:

[closeupready]

17. Thank you for posting this - I thought it was just me, but

last week, I was watching the CBS evening news, and their consumer affairs correspondent kept shilling for the credit card industry, indicating to viewers that (and I am not kidding) "our current problems are due to 1) too much debt; and 2) frozen credit and so hopefully, the Federal Reserve/banking commissioner can do something about that so consumers can start putting things on their credit cards again." I was like, :wtf:

These overpaid media celebrities live in a glass bubble, like something out of Blade Runner or a science fiction movie like Brave New World, and they must not realize how stupid they sound, saying completely contradictory things within the space of 30 seconds. :mad:

[Dreamer Tatum]

5. Can you tell me who your sarcasm is directed toward?

Can you point out one person who claims the economy is strong?

[marmar]

6. Do you live in an igloo? The Bush Administration, John McCain, Phil Gramm....

etc etc etc

[Dreamer Tatum]

9. Not to defend any of them, but

I think your paperboy has left you off his route for a couple of months.

[marmar]

11. Dude, sincerely, WTF are you talking about?

:wtf:

[Dreamer Tatum]

13. I think your post had currency, oh, 60 days ago

When there were still morons who were jumping up and down, claiming the
economy was fundamentally sound.

That's what I'm talking about.

[marmar]

15. George Will just said so Sunday.....The Bush Administration still won't call it a recession.

n/t

[tjwash]

8. Good god man...where have you been since 2005?

In a cave?

[Dreamer Tatum]

10. OK, I'll bite. Show me a public figure, from the government or the MSM,

...who has claimed the economy is in good shape since Barack Obama won the election.

[marmar]

12. George Will just said so this past Sunday.....

I think he qualifies as MSM.

[Dreamer Tatum]

14. Link, please.

No sane person could claim that this economy is anything other than in a shambles.

[marmar]

16. Esta aqui:

http://thinkprogress.org/2008/11/30/george-will-economy-positive/

[Dreamer Tatum]

19. Then he's brain-dead and on crack. nt

[tjwash]

18. Hey you finally get it--"since Obama has won the election"

You need to get off the snide buddy. We are all supposed to be working together here.

Actually I should have added "this is not a recession...until Jan. 20th"

And don't you think it's a tad bit amazing how the sudden admittance, and blinding flash of the obvious, that that we may be in economic trouble by the Bush administration and their media mouthpieces coincided with Obama getting elected, and was just in time to beg for a push through of a a trillion dollars in "emergency funding" to the same bastards that have been doing the screwing?

You haven't been watching the news very closely it seems. The entire meme right now from the corporate media is "Obama recession," and "fear of Obama tax raises."

I'm saying we have been fucked since 2005...and the corporate media has been completely denying that to everyone since then, conveniently until just in time to empty out the last of the treasury. It's the exact same thing that happened back in 1992. The media is setting up the groundwork to try and pin this on Obama, just like they attempted to pin it all on Bill Clinton back in '92. Bush Sr. left office under the exact same circumstances as This bush...huge bailouts (that we are still paying for by the way), failing banks, stock market in the toilet, everything.

Obama had better get used to 8 years of this shit, because he aint seen nothing yet.