As I write this, the Dow Jones Industrial Average has fallen more than 200 points on news that consumer confidence "unexpectedly" plunged. Confidence was expected to be lower, but "they" did not think it would be this low. Also, the past few weeks have seen spikes in weekly jobless claims even though "they" thought it would be lower.
Just who are "they"?
"They" must be a group of influential economists or market makers who gather together in some bunker and make predictions about the monthly economic reports. It seems like "they" are way, way overconfident. I wonder if "they" do this to make money on the market when it goes lower. That's the only reason I can see for "they" to make such silly predictions. Anyone who is out there looking for a job or trying to qualify for a loan or just keeping their heads above water will realize our economy is in serious trouble. Instead of building false expectations, "they" should spend time with real people to better understand what is going on and to come up with a solution to this mess!
I don’t expect to actually read the legislative language because reading the legislative language is among the more confusing things I’ve ever read in my life,” Carper told CNSNews.com.
At least this senator is honest about not reading the health reform bill. I wonder if any legislator plans on reading it?
What a bunch of tools!!!
The federal government has only reimbursed auto dealers for 2 percent of the claims they’ve submitted through the popular “cash for clunkers” program, a Pennsylvania congressman said, calling on the Obama administration to help speed up the process.
This is typical government tomfoolery. According to the Department of Transportation, there are a total of 338,659 rebate requests under the "Cash for Clunkers" program; but only a staff of 225 to review the claims. That's 1,500 claims per employee currently!
And the government wants to manage health care too...........
