August 9, 2005

STAGNANT?:

First Read (NBC News , 8/09/05)

New record high gas and oil prices driven by supply disruption and fears of terrorism overshadowed President Bush's energy bill-signing yesterday, and hang over his 12:55 pm ET press conference at the Crawford ranch today to tout the growing US economy. (Also hanging over today's event: Bush's treasury secretary telling reporters that the benefits of the latest economic growth are not spreading equally to less educated Americans.) We'll see if the link between terrorism and gas prices, newly emphasized for the public after a presidential campaign in which the issue of energy independence didn't really resonate, comes up today and/or during Bush's meeting with his national security team on Thursday.

While the dollar figures are striking, gas prices still don't equal the highs from the early 1980s when adjusted for inflation. And, at the risk of repeating ourselves, Bush does come to the presser armed with positive economic news: 207,000 new jobs in July; stagnant unemployment; improved stats on manufacturing, auto sales, and homeownership; and a shrinking deficit. So far, per the latest polls, the public isn't giving him credit for any of the above.


You don't suppose that has something to do with the way the MSM is reporting the economy?

Posted by Orrin Judd at August 9, 2005 2:21 PM
Comments

$2.55 per gallon today!

Posted by: Dave W. at August 9, 2005 2:34 PM

As Groucho Pulitzer said "Who are you going to believe, me or your eyes?"

Posted by: Luciferous at August 9, 2005 3:02 PM

Our economy is going to hell, not only because Bush is an idiot, but because of the hegemonic control of corporate interests over the necessities of living, which will eventually come be screwing itself over along with the poor. The middle-class is disappearing not only becasue it rapidly being outsourced, but is sliding into poverty by a system that is starting to lose control of itself. Maybe we should start to think about alternative to our petroleum culture?

Posted by: at August 9, 2005 3:29 PM

No one joins the middle class anymore, it's too crowded.

Posted by: oj at August 9, 2005 3:46 PM

Anonymous;

So you're pro-nuclear power too? Cool!

Posted by: Annoying Old Guy at August 9, 2005 3:56 PM

Man, this new anonymous troll is great fun! Unfortunately, I'm actually suspicious that it's a computer program designed to spout far-left talking points tangentially related to the post at hand. The word "economy" leads to the above. The word "Israel" leads to the post on that thread. And so on. Orrin, maybe if you write about Israel, the economy, the Downing Street Memo, genetically modified foods, and Karl Rove all in one post, you could make it explode.

Posted by: Timothy at August 9, 2005 4:05 PM

The whole idea that we need to get away from the petroleum culture is pretty common among the eco-commie left. We're all supposed to live in yurts in small isolated villages connected by futuristic high-speed monorails. I don't know, I start to tune out after a bit. It's so 1970's Whole Earth Catalog "simplify, maaan!" that it just makes me want to go out and buy a 60 inch plasma television.

Posted by: Governor Breck at August 9, 2005 4:19 PM

AOG, Do you think anonymous is really lonbud? He hasn't around for a while and neither has bart.

Does anyone know what happened to them? Especially bart, I miss him.

Posted by: erp at August 9, 2005 4:21 PM

[T]he benefits of the latest economic growth are not spreading equally to less educated Americans.

Duh.

When have less-educated Americans EVER made more, as a class, than more-educated Americans ?

Even when semi-skilled manufacturing jobs made millions of uneducated people middle class, they were still making less than the executives of the companies that they labored for.

erp:

Anonymous is not lonbud.

Posted by: Michael Herdegen at August 9, 2005 5:14 PM

First we have to define "necessities of living."

Posted by: Sandy P at August 9, 2005 5:34 PM

Perhaps this gentleman can help with that.

Posted by: joe shropshire at August 9, 2005 6:27 PM

Bart is probably in Florida, helping his parents. Lonbud doesn't spout propaganda.

This anonymous seems to have slithered out from the DU or Kos. He (It) might be a computer-driven memo 'engine', but unless it is triggered by the word 'Darwin', it won't stay here too long.

Posted by: jim hamlen at August 9, 2005 8:18 PM

Bart:

Sent a hysterical screed to me -- in which he questioned the sexuality, loyalty and religion of David, Peter and me -- and swore he'd never post again after I took down yet another of his comments that was laced with race-hatred and the like.

Posted by: oj at August 9, 2005 10:06 PM

Jeepers. This is a hobby, right?

Posted by: joe shropshire at August 9, 2005 10:49 PM

No, it's mostly therapy for you shut-ins--bart just wasn't curable.

Posted by: oj at August 9, 2005 10:53 PM

oj. Too bad bart lost it like that.

Posted by: erp at August 10, 2005 12:31 AM
« NEXT: | Main | A RACE WITH NO UP-SIDE: »