Economic growth slows in second quarter

Two important economic numbers were just released by the government.

U.S. economic growth slowed to an annual rate of 1.7 percent in the second quarter, the commerce department said Thursday. That compared with 3.7 percent in the first quarter.

But it was a slight upward revision from the previous second-quarter estimate of 1.6 percent.

Meanwhile, initial claims for jobless benefits fell 16,000 in the latest week to 453,000, the labor department said. That puts new jobless claims back to where they were at the start of 2010, MarketWatch reported.

MarketWatch said U.S. stock futures turned modestly higher after this data was released at 8:30 a.m. because the numbers were better than expected.

56 comments Add your comment

RGB

September 30th, 2010
9:28 am

The federal government is pushing all the buttons available to them to stall the economy: higher taxes, more regulation, and an uncertain business environment. Doing this accomplishes their goal of having American citizens helpless and totally dependent on the government. There is no other plausible explanation.

That’s why we have to defeat these people in November.

JBOY

September 30th, 2010
9:37 am

bert

September 30th, 2010
9:39 am

RGB — sounds like a lot of conjecture to justify your fear mongering. The last time I checked people count on the government to build/repair roads and schools (and nevermind that little thing that takes up a large part of the budget, national security, in the form of the D0D. So I guess you want them to stop doing that too .

left wing (the original)

September 30th, 2010
9:59 am

The original stimulus proposed by Christine Rohmer was for $1.6 Trillion dollars. What was passed was $787 Billion, or about half of what was needed.

Paul Krugman said as much in this blog:
http://krugman.blogs.nytimes.com/2009/12/27/stimulus-timing/

Carlos

September 30th, 2010
10:01 am

I getting sick of RGB and others saying the sky is falling. The economy will improve with time. Do people actually think that once Republicans are in control, things will automatically get better. They were in control at the start of this mess, you can’t deny that.

RGB

September 30th, 2010
10:01 am

As Noel Shepherd puts it (borrowing from Ronald Reagan): Are you better off than you were four years ago?

•In January 2007 before the Democrats took over Congress, unemployment was 4.6 percent; now it’s 9.6 percent.
•In January 2007 there were 7.1 million unemployed people in America; now there are 14.9 million.
•In January 2007 the median home price was $210,600; today it’s $179,300.
•In January 2007 the Dow Jones Industrial Average was at 12,500; today it’s at 10,840.
•In January 2007 the gross federal debt was $9 trillion; today it’s $13.5 trillion.
•The poverty rate in 2006 was 12.3 percent; now it’s 14.3 percent
•In the final budget created by a GOP-controlled Congress, the deficit was $160 billion; now it’s $1.6 trillion.

Add it all up and: there were half as many people out of work then; houses were worth 17 percent more; stocks were 16 percent higher; the federal debt was 33 percent lower; poverty was 14 percent lower, and; the deficit was 90 percent lower!

So you bet I’m scared.

Other than falsely insinuating that I want no government, do you have anything of value to offer?

democratsbgone

September 30th, 2010
10:02 am

@ bert:
Yes we do depend on government to build/repair roads and schools and that is the very reason why Georgia DOT is Billions of dollars in the RED. Even they have finally admitted they spent money they didnt have. Now Obamacare wants to spend/borrow more money that America doesnt have to build/repair railroads and highways just to create TEMPORARY jobs. Why dont he create REAL jobs and REAL solutions to create jobs. We’ ve had a few schools here in HALL Co close because o hispanics have left due to unemployement so now we have more empty buildings and you think we should build More?? Doesnt sound like RGB is fearful, sounds to me like he has thought things through!

Fletch

September 30th, 2010
10:04 am

bert – seriously, when you talk about social programs and infrastructure please recognize that everything in this country is dependent on the economy and nothing can exist without it. That is why the stagnation is so profound. you are talking about basic services, which are fine, but the weight of 117 new or increased taxes, Obamacare and whatever else will come out of Washington are keeping us in this hole – there is NO other explanation. Obama and crew have just started to focus on the economy and it is abhorrent that it has taken them this long. If this is a house, the foundation is crumbling – Obama and Pelosi are putting on a 3rd floor edition and shopping for curtains. I am telling you what the economy is telling you – it will collapse under its own weight unless something is done immediately. Starting Nov.2.

democratsbgone

September 30th, 2010
10:08 am

@ Carlos
The economy just doesnt improve by itself and taxing the rich and small business’s definitely will not help. I own a lawncare business, i see first hand what happens when the rich are taxed. If obama wanted to help with budget and defecit issues maybe he should stop taking so many vacations and playing golf and being more productive. Isnt this the reason he was voted into office? The only CHANGE ive seen is for the WORST

Corey

September 30th, 2010
10:21 am

When over seventy percent of the ecnomy is comprised of consumerism the only thing government can do is encourage consumers to spend. Businesses simply will not hire people to juist stand around when demand for their goods and services are low. The recent credit crunch and debaucle on Wall St. frightened people into saving more and spending less. People are not buying so businesses are not hiring. There are less people working at low wage jobs which are the same people who have to spend every penney they make which means less demand. Less demand equal less labor demand. Voting for the magic D or R will not break this impasse. I recently visited a CVS in South Carolina and one young lady was the only cashier, photo clerk and stocker in the entire store. Some businesses also realize they can squeeze the same amount of productivity from one person as they can from three people. Some people are saving the tax cut they received from the stimulus. One such person is a friend of mine who told me that he was going to save rather than spend. When I told him the tax cut was meant to encourage people to spend he said he did not care.

Foxhunter

September 30th, 2010
10:21 am

democratsbegone said:

“The economy just doesnt improve by itself”.

Your free market conservative credentials are hereby revoked.

You may, however, continue your contradictory postings.

HD

September 30th, 2010
10:23 am

I know so many people that are too busy to vote or they dont feel they make a differnce All the liberals vote because that is the source of their income. We all need this to stop. Make sure you vote.

VoteForRealChange

September 30th, 2010
10:23 am

In response to RGB I’m waiting to see the first “progressive” state “it’s all George Bush’s fault”. The funny thing is if Obama’s policies actually worked everynight on MSNBC the only thing you’d hear is how Obama’s policies saved us, but when they don’t work it’s George Bush’s fault. The truth for anyone that is truly honest about what happened is that at the beginning of Bush’s term the economy was good and during his term it got better. About a year before he left things in the economy got bad. There is no agreement on who caused it because you hear both sides of the story and they are both different so you don’t know who to believe. The bottom line is things started to get bad. Obama campaigned on making things better. Before passing the stimulus he used the scare tactic of saying passing stimulus would keep unemployment below 8%. It did not. Again you can debate back and forth did it work, would it be 50%, blah, blah, blah, but the fact is unemployment is above 8% and we spent a ton of money. So the choice as I see it is do you vote republican/conservative who will try to change things from what we are currently doing or do you vote democratic where there will be more of the same.

left wing (the original)

September 30th, 2010
10:25 am

RGB @ 10:01 – Yeah, that’s really objective; picking the point in time just before the economy (ruined by 8 years of republican deregulation) drove the economy off the cliff. Get your head out of your a$$.

We have had major damage done to the infrastructure of the economy, and guess what; it’s not going to be significantly better in the next 6 months or probably even a year. Essentially, we’ve told people who used to buy things they couldn’t afford, to start saving. So now, our savings rate has signifcantly improved, but we have a consumer-driven economy. Until this reaches a new equilibrium, we’re going to be stuck in the mud.

RGB

September 30th, 2010
10:28 am

HD–Great point concisely expressed: “All the liberals vote because that is the source of their income. ”

democratsbegone: As a business owner, you are precisely the individual politicians should be listening to because your opinion is based on something most of them have never done: run a business. Your experience is more valid than that of the president, the speaker of the house, or the majority leader.

Years ago I read that when lib George McGovern left politics he ran a motel for a while. He said that he was astounded by all the laws and regulations that he had to comply with. I’m not sure whether he realized that he was one of the sources of his consternation.

Suni

September 30th, 2010
10:32 am

@bert; There is a lot of Fear about the Economy and even eating these days for most ppl in the USA. I don’t think RGB can be blammed to be the cause of that. And who knows if RGB’s speculations are correct or not as to Why the Federal Government is doing things the way they are? RGB’s minimal allegations towards the Federal Government are correct, and don’t by any means cover the whole picture of what should be included. Everyone is seaching for a reason and a solution.

“Count on the Government” To Do What We As The People Of The United States PAY Them To Do (and at very Fat Annual Salaries which are far beyond what most people make in a lifetime, and I don’t see Any of them offering to lower that), doesn’t seem like too much to ask. Taxes go up with Joblessness rising even faster, Home Values falling, the Social Security System paid into by All of us for many years, and into which we continue to pay (look at your paycheck) at rates higher then ever, is Broken by the Federal Govenments overspending, leaving most of our aging Retiring Workers having to continue to work just to eat, or dying before they can collect what they have worked for and paid into all their lives. And then the Government ensures that the latter will happen by raising the Retirement Age. And what I mention thusfar is far from the whole picture.

The things you mention bert are ludicrus, Especially if you actually Believe what you are saying! I See crumbling roads everywhere I go, and schools far from being the best place or even a safe place for children anymore. National Security is a joke! Have you forgotten 911, something the Federal Government was warned about more then a month before it happened? But it Still Happened didn’t it!

RGB’s call to Look Around yourself, Pay Attention, and Make An Effort to make a difference, is Worthy of being noticed and heeded! When people are starving here in this Country, Families are losing their Homes, Joblessness is rising, Our aging Workers fear for their survival in a System they’ve Paid for that is Broke, you’d have to be blind in one eye and can’t see out of the other to not be able to not only See The Writing on the wall, and badly misinformed (at the very least) to not Realize Who Is Responsible.

“Evil Flourishes when Good Men Do Nothing” and “Blind Faith Is A Fool”. All of which has come to pass for exactly these reasons. Ideas and Action Are Needed if We’re going to survive at all! The old “shut up sit down the Government is in charge they’re going to take care of it” hasn’t worked, isn’t working, and the liklihood we’re all going to reap what we’ve sown in that regard isn’t far off. Thinking of ways to get through this Now is slim to none and slim has left town. My suggestion is to start bailing on this quickly sinking ship, even though it’s probably too late….

Foxhunter

September 30th, 2010
10:33 am

left wing (the original), I agree. It’s fun to watch the economy become a political football. We lost trillions of dollars in economic value beginning in 2007. TRILLIONS. The ‘recession’ hasn’t ended for many of us and the return to prosperity through austerity seems to be the path to recovery. Under such a plan, it will be years before we reach that mystical ‘equilibrium’. Meanwhile, the Galtian ‘producers’ on Wall Street will continue to earn billions by manipulating the market. So, you can blame who you want to if it makes you feel good.

We know when the housing market crashed and we know when TARP began. The stimulus was part of the Bush package but the time on his term expired and it was handed to Obama. Greenspan, that Galtian free market hero, recently said that the tax cuts needed to expire in order begin attacking the deficit TODAY, not 15 or 20 years from now.

Looking for the double dip, if you ask me.

democratsbgone

September 30th, 2010
10:36 am

@ foxhunter
“Your free market conservative credentials are hereby revoked.
You may, however, continue your contradictory postings.”

Contradictory postings?? do you care to explain or is your answer to the helping the economy
finger pointing like your hipocritical democratic party. If im not mistaken its the democrats who are now playn “lame duck” with the tax break extensions but i guess when you believe that spending money you dont have compared to putting money into peoples pockets than your vision becomes distorted

RGB

September 30th, 2010
10:37 am

So the reason unemployment has leaped by 8 million-plus, the Dow has dropped, home values have plummeted, federal debt has increased by 50%, and the budget deficit has increased 10-fold is because “we have had major damage done to the infrastructure of the economy.”

I don’t know whether to laugh or to feel sorry for you.

Sunraynews | Top US news

September 30th, 2010
10:38 am

[...] US jobless claims fall more than expectedAFPWall Street Journal -ABC News -Atlanta Journal Constitution (blog)all 436 news [...]

Emmy

September 30th, 2010
10:43 am

Obama inherited a difficult economy and did everything he could to make our problem permanent.

More taxes, more regulation, more uncertainlty, more attacks on business, more costs, more intrusion. Can you imagine every small business in the US having to file a 1099 for every vendor they pay more than $600 to?

The progressive recipie has clearly failed.

The arrogant tone from Obama, Biden and Pelosi is just offensive. It’s as though these elites are telling us that we should support their failed policies because they are so much smarter than we are.
I don’t think it’s going to work.

democratsbgone

September 30th, 2010
10:43 am

@ Foxhunter

I believe it was your friend Barney Frank who claimed “the housing market was not the best investment but a sound investment for future” shortly after followed the CRASH and people lost millions. Keep up your “head in the sand” approach that seems to be working well for obamacare with unemployment @ 10% which he claimed wouldnt go over 8% if the second stimulus passed

ME

September 30th, 2010
10:43 am

RGB you are either forgetting or omitting some other major factors in your economic post 2007 time-line
++ 2007 We were all well within the bubble bust generated from the republicans and there best thinker (Bushy). I’m not a republican nor Democrat in my opinion both parties are a joke, however at least Dems are trying to do something. If you take a moment from your pontificating for a moment and pick up an econ book (even a republican econ book) you will see a term called kesian economics. I wont go into what this all means, but rest assured that the feds pumping money into the economy at times of recession is not new, and even your republicans have participated in this practice. Now I know Fox may make this sound like it something new, but I a sure you its not new and actuality has been a principal tool for the feeds since WWII. Here is the difference; when Bush used tax dollars to feed the economy he did it under the name of war and a good amount of that money went to companies with in his circle of friends, I’m sure you know short list of companies and the associated contracts. When the Obama set to use fed money to save the economy form a cash colaps

ME

September 30th, 2010
10:50 am

Continue… cash collapse, but instead of paying more rich people more money, to actually use the money for building roads, bridges, teachers, research and other things useful for us non-billionaires. This is about when republicans had enough and got mad!

GET REAL!

September 30th, 2010
10:53 am

HEY ‘ME’,

democratsbgone

September 30th, 2010
10:56 am

@ ME
“however at least Dems are trying to do something.”

Are you serious?? the only thing they have done and still are doing is blaming bush. Its been almost 2 years and the only thing obama has to show is Obamacare. Lets ask the people who have been unemployed for the past 6-12 months how healthcare has ranked on there list. Lets ask the people who have lost their homes due to unemployment what the dems have done for them. We shall hear from these victims when November comes

left wing (the original)

September 30th, 2010
11:01 am

RGB @ 10:37 – I’m laughing at you.

There is obvously major damage in our economy that we’re going to be fixing for years.

As I said, we’ve been a consumer-driven economy, where people used credit cards instead of saving. For years, economists (at least the serious ones) told people to save, and no one listened. Now, our savings rate has improved, so consumer spending is way down.

We’ve overbuilt in housing and commercial property and there is a glut in the marketplace (12 month in housing, commercial utilization is up around 75% from 70, should be around 80%).

Now, all is not bleak. There are several forward looking indicators which are positive. As I said, commercial utilization is increasing. Durable goods manufacturing is up. Consumer confidence is trending up, but is still extremely low (currently around 56, should be in the 90’s).

Now, look at what got us into this mess. Deregulation of the banking industry. Non regulation of financial instruments like credit default swaps. People overleveraging themselves on credit. At least 2 of those 3 are because of republicans.

RGB

September 30th, 2010
11:03 am

ME,

Thanks for the “primer” in rudimentary economics. Perhaps you should redouble your efforts in this area.

Keynesian (not “Kesian”) economics is based on the theories of British economist John Maynard Keynes. Except among socialists and socialist-leaning individuals, his theory of spending one’s way (via the government) out of economic disaster has been widely discredited. Karl Marx was an adherent (that means he really liked it) to Keynesian economics.

Here’s a tip for you: Why not go to polyconomics.com and look at the vast supply side economics material written by economist Jude Wanniski. The first lesson from Supply Side University addresses Keynesian economics vs. supply side.

As for the econ book, I studied economics both in undergraduate school and in graduate business school. While I’m not an economist, I feel comfortable that I have a working knowledge of the subject.

But thanks for your advice.

left wing (the original)

September 30th, 2010
11:03 am

democratsbgone @ 10:56 – That 8% thing is a canard, a fallacy, something that republicans repeat to try and make it true, but really wasn’t.

http://www.politifact.com/truth-o-meter/statements/2010/jul/13/george-will/will-obama-said-stimulus-would-cap-unemployment-8-/

RGB

September 30th, 2010
11:10 am

Factual Note: Easy housing availability made possible by government-backed mortgages (regardless of the individual’s ability to service the loan) is at the heart of a lot our mess.

Republicans repeatedly tried to fix this problem but the Dems thwarted it.

When the Dems gained control of all 3 branches of government, they passed financial “reform” legislation. But this legislation did nothing to address the Fannie Mae/Freddie Mac problem. Additionally, the federal government took over the student loan business. Can you imagine passing financial reform with nary a mention of Fannie and Freddie?

The fallout from CDFs and CDOs would be lessened by getting the government out of the mortgage business, but Democrats use tax payer money to buy votes by putting people in houses they can’t afford. This artificially fueled demand for housing, inflated prices, caused speculators to enter the market and drive up home prices–and then the market collapsed.

So the question is: Do you want to fix the problem or just blame “Bushy”?

No need to answer as you and I both know the answer to that one.

left wing (the original)

September 30th, 2010
11:13 am

RGB @ 11:03 – Then you’d know that Keynes did not advocate deficit spending simply for the sake of deficit spending. Keynes said that when there is ‘under capacity’ due to economic slowdowns, in the system, that this is the time for governments to increase spending. Then and only then.

When we’ve gone from a $15.5 Trillion economy to a $14.5 Trillion economy, something needs to pick up the slack. And the party of last resort is the federal government.

Unfortunately, the stimulus we implemented was nowhere near what we needed (see my link at the top of this blog). Christina Rohmer estimated we needed twice what we actually got.

democratsbgone

September 30th, 2010
11:14 am

@ LEFT WINGA
” I said, we’ve been a consumer-driven economy, where people used credit cards instead of saving. For years, economists (at least the serious ones) told people to save, and no one listened. Now, our savings rate has improved, so consumer spending is way down.”
Talk about having your head up your A$$, how do you think people can save when THEY DO NOT HAVE A JOB? How do you save when people who are fortunate enough to find a job have to settle for minimum wage compared to making 10-15 dollars an hour. I think you should visit the local unemployment office or DFCS tol see how much these guys are saving.

RGB's friend

September 30th, 2010
11:15 am

Here’s an easy one for you… Jimmy Carter and Obama have did more for the DOW in a shorter time than 8 yrs of GW and 6 yrs of a Republican Congress. Of course, Nixon didn’t help things much but didn’t kill the economy either, (not totally)….

Just the facts…

Follow the DOW
Tricky Dicky, 1/20/1969
935

Jimmy 1/20/1977
919

Ronnie 1/20/1981
1003

Big George 1/20/1989
2342

Willy 1/20/1993
3310

GW 1/20/2001
10887

Obama 1/20/2009
8000

Today 8/31/2010
10014

APB

September 30th, 2010
11:19 am

RGB
September 30th, 2010
10:28 am

democratsbegone: As a business owner, you are precisely the individual politicians should be listening to because your opinion is based on something most of them have never done: run a business. Your experience is more valid than that of the president, the speaker of the house, or the majority leader.

Funny how you point out the business experience of the democratic congressional leaders. How about the business experience of the Republicans? You got John Kasich of Ohio (ex-Lehman Brothers)-look what happened to Lehman. Rob Portman of Ohio, who headed both the Office of Management and Budget and the Office of the U.S. Trade Representative under Bush — we know how the budget and trade tanked during Bush. Or Pat Toomey in PA, a wall street dertivatives trader fat cat… Or Carly Fiorina. Your republican candidates have experiencing running businesses (and the economy) INTO THE GROUND.

left wing (the original)

September 30th, 2010
11:21 am

RGB @ 11:10 – They also left ‘too big to fail’ in place, they have not reimplemented Glass-Stegall, so I’m less than impressed by the ‘financial reform’.

GSE’s by definition could only participate in conventional mortgages. They could not sell subprime mortgages. They did, however, purchase the subprime mortgages from the primary lenders and repackage them (bundling) and sell them to whatever financial institution. So, they had a hand in the crisis, but were hardly the reason for it.

democratsbgone

September 30th, 2010
11:21 am

@ left wing
I really feel sorry for you, at least half of your party has or is starting to wake up to Obama’s lies, misleading propaganda broken promises but you are like a captain of a sinking ship. Keep telling yourself everything is going to be ok as the water keeps coming in! WOW

left wing (the original)

September 30th, 2010
11:22 am

democratsbgone @ 11:14 – I’m talking about aggregate spending. Try and keep up.

RGB

September 30th, 2010
11:23 am

If you’re better off today than when Obama took office, by all means vote to re-elect him and vote for his minions in November

But that will require what you people term “the willing suspension of disbelief.”

Stay the course…all the way to the bottom of the pool.

left wing (the original)

September 30th, 2010
11:24 am

And democratsbgone I feel sorry for you as you sit in your own vitriol and stew. Try and at least have some facts to back up your myoptic views.

Foxhunter

September 30th, 2010
11:28 am

democratsbegone, you said ‘the economy doesn’t just improve by itself’, then follow up with anti-governemnt spending screeds. How is that not a contradiction?

The alternative to your statement *IS* some type of intervention and that allegedly goes against your conservative bona fides.

And by they way, get off the stupid vacation quips. If you want to count vacation days as a measure of presidential behavior, then you must not think much of our previous CIC as he spent more time clearing brush on his ranch and golfing than any president in recent years. And quite frankly, that doesn’t even bother me. Unless, of course, someone hands you a PDB and you choose to dismiss it as irrelevant.

democratsbgone

September 30th, 2010
11:32 am

@ left wing
Yea i should do as you and sit in front on C(clinton) N(national N(news) or watch hardball with Chris Matthews so i can get that funny feeling run up my leg which is the same BS your choking on

RGB: “Stay the course…all the way to the bottom of the pool.”
Ive never been a bottom feeder thats not what america is all about, but hey if pocket CHANGE works for you go for it

Foxhunter

September 30th, 2010
11:34 am

democratsbegone, just get it over with and give us your solutions. But I have one caveat – you cannot mention tax breaks as part of your plan. I’ll go ahead and give them to you. What are the additional measures you would take for the US regain economic footing?

For the record, trickle down/supply side/Reganomics have proven time and time again to be policy failures. Don’t you remember why GB1 lost his re-election bid?

Surely the line, ‘No new taxes’, still resonates. And what did he have to do because of Reagan’s econ policy? Raise taxes. At least it moved the economy forward a bit….even though he lost to Bubba in pursuit of term 2.

Silver Lining

September 30th, 2010
11:34 am

I am better off than I was when Obama got elected. Lets see, 12/2008, company gets sold to cover the ass of the owner that took so much money out of the business, it was no longer sustainable, and it was the only option to keep him out of jail. So position eliminated due to redundancy. 1/2009 Obama takes office. 4/2009 got new job in same career field making same money, (high 5 figures) but with agreement that after 1 year my salary would be increased. 4/2010, negotiated a $15,000 raise. Sooo…..tell me how Obama is killing me?

RGB

September 30th, 2010
11:35 am

dbg,

You don’t seem to have discerned who is, or is not, on your side.

Take a break man.

RGB

September 30th, 2010
11:38 am

If it’s all about you (as the center of the universe–and it appears to be just that)and about the here-and-now, vote early and vote often.

As you watch your tax bill rise on 1/01/11 and your health care costs rise and your choices decline, remember–it’s all about you.

democratsbgone

September 30th, 2010
11:43 am

@ Fox hunter
“And by they way, get off the stupid vacation quips. If you want to count vacation days as a measure of presidential behavior, then you must not think much of our previous CIC as he spent more time clearing brush on his ranch and golfing than any president in recent years. And quite frankly, that doesn’t even bother me. Unless, of course, someone hands you a PDB and you choose to dismiss it as irrelevant.”

I dont believe the unemployment rate was 10% 37 million on welfare excluding the unemployed at the time your referring to. But hey when your trying to ruin the country i guess a few extra vacations or maybe playing more golf in two years than ANY president has done full term would make sense to me. PRIORITIES

Silver Lining

September 30th, 2010
11:44 am

Never had a problem paying taxes, and I’m fully covered by my employer. And being as I’m in a position to ensure full coverage for all the employees, it’s a non issue.

Silver Lining

September 30th, 2010
11:48 am

Oh and by the way RGB, no president is ever going to have the ability to make or break you. Will you sometimes have to pay more than you like? Yes. Will you sometimes get a break? Yes. However, if you think that the figurehead living at 1600 Pennsylvania (past, present or future) has that level of control over you, you might want to up your meds.

Foxhunter

September 30th, 2010
11:48 am

Two things for RGB:

1) My tax bill won’t rise because the middle class tax cuts will be extended. The ‘hold up’ is Republicans and Democrats who are against allowing the Bush tax cuts to expire for the top 2%, meaning an increase in marginal rates from 36 to 39% (only for those dollars above $250k). I am not in that bracket.

2) My health care costs *HAVE BEEN RISING* for a decade. I’m not expecting that to change. And in Georgia, we only have a handful choices – BCBS, Humana, UHC, and Aetna. OR THE GOVT. Not like there is much competition, anyway.

Foxhunter

September 30th, 2010
11:51 am

You are right democratebegone, the unemployment wasn’t 10% and welfare rolls weren’t expanding.

But hey, a few thousand wasted lives in the Middle East and coutless civ casualties, no big deal! Vacation away!!

Maybe you need to check YOUR priorities.

I’m off to perform a cranial-rectal extraction per your instructions. Rally them troops, son!