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Originally Posted by Saltys
“Revenue is down, costs are up, and you can't make any money,” said R. Jerol Kivett, the owner of Kivett's Inc., a company that manufactures pews and other church furniture in Clinton, N.C. “You're just trying to meet payroll and keep people working, hoping the economy will turn. But it just seems like setback after setback after setback.”
[B
Anything close to that would push millions more households to the point where they owe more on their houses than the houses are worth, generating a lot of sour moods — which can depress consumer spending — more foreclosures and potential job losses.[/B]
Oil prices pose latest threat to US economy
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you should just be proud that we have a president and first lady that never let anything get in the way of their lavish parties and good times
Feb 24, 9:41 PM (ET)
By NANCY BENAC
Official Obama Website - Barack Obama Needs Your Help to Change Washington. Sign Up Today!
www.BarackObama.com(sign up now to join in the destruction of America)
WASHINGTON (AP) - The White House reverberated like a long-ago basement sound studio in Detroit on Thursday as the likes of John Legend, Seal, Jamie Foxx, Nick Jonas and Sheryl Crowe channeled their inner Motown
before Michelle and Barack Obama(our king and queen). Musical pioneers Smokey Robinson and Stevie Wonder joined in for the celebration of all things Motown
remember..."shared sacrafice"
btw: yet another downward revision after much trumpeting and fanfare
February 25, 2011
Fourth-quarter GDP revised down
Government says GDP increased at annual rate of 2.8 percent Home prices at post-bust lows in most big cities
(AP) WASHINGTON -
The Commerce Department reported Friday that economic growth increased at an annual rate of 2.8 percent in the final quarter of last year. That was down from the initial estimate of 3.2 percent.
One of the crucial questions is whether consumers can spend enough this year to help offset negative forces in the economy notably struggling state and local governments and a wobbly housing market that has depressed homes values.
Rising energy prices also pose a danger. If oil prices were to rise to $150 or more a barrel and then stay there for months, another recession is possible, economists said. Gasoline prices would near $5 a gallon. Consumers and businesses would spend much less, and some employers might slash jobs.(
no way...really????)
I'd like to see the class envy/warfare game turned right around on these two in 2012...the RNC should run commercials with clips of Americans struggling, losing their homes and jobs, soaring utility and food prices, the various unrest here and abroad and alternate those with pics of the royal couple vacationing, stuffing their faces and enjoying lavish parties ad nauseam, jetting here and there separately in many cases at the taxpayers expense....then let them go out and claim to be the champions of the little people
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