Well………

“Weak Dollar Good?
This may be good news for some U.S. manufacturers, especially those threatened by foreign competitors. However, it they rely on foreign parts or materials, they will have to pay more as the dollar continues its fall.

American consumers will see some of their favorite products rise in price as imports reflect the devalued dollar used to buy them. Foreign governments continue to try to slow the fall of the dollar by investing heavily in U.S. Treasury notes. Their efforts may have slowed the decline, but not stopped it.”

http://stocks.about.com/od/advancedtrading/a/weakdoll120604.htm

“We have experienced the largest, fastests housing econmy in history over the last 5 years. Is is slowing, stalled? Sure. Normal recovery after boom and bust growth…….YES.”

Yes and the adjustment is hard on some people that depend on the housing trades and so on for employment.

And the mortgage debacle is rippling through the global market place.

Boom and bust….great line that Tony Blair oft repeated at the Speakers Box when the Tories complained about the Labor Party results.

A weak dollar is a misnomer tactic used to indicate economic trouble when it does not exist. A “weak” dollar increases purchase OF AMERICAN GOODS ABROAD which helps domestic producers and exporters.

Consumer confidence a two year low — ok confidence influence by the never ending characterization of our economy as bad by the media. Lowest in two years – two years – right in the middle of Bush’s boom.

Housing sharpest drop in 16 years. What does the degree of short term drop matter. We have experienced the largest, fastests housing econmy in history over the last 5 years. Is is slowing, stalled? Sure. Normal recovery after boom and bust growth…….YES.

PLEASE READY THOMAS SOWELL AND WALTER WILLIAMS. PLEASE.

http://www.townhall.com or linked from my blog, theassholelawyer.blogspot.com

The A-Hole

“The dollar has fallen to yet another all-time low against the euro, after further weak US economic data.

Figures showed that US consumer confidence has fallen to a near two-year low, while house prices have seen the sharpest drop in 16 years.

Analysts said the data boosted expectations that the Federal Reserve will cut interest rates still further. ”

http://news.bbc.co.uk/2/hi/business/7013608.stm

Bush’s fault? No, normal cycle.

Massive debt for Iraq invasion, Bush’s fault.

http://www.census.gov/prod/2007pubs/p60-233.pdf

This will be updated to reflect the downturn due to the mortgage market debacle and the resulting losses to businesses like Menards that is laying of, around 3500 people, because of slow down in sales related to home building.

The A-Hole.

The poor will always be with us, and we need to make every effort to better their situation in as much as we can, recognizing that we cannot cure all evils in the world. Cheap stunts and cheaper fiction do disservice to the efforts of good people in this effort. We should strive for better, and our representatives should lead by example.

Let us hope, that if and when there is a next time, as Lisa says, that we make a better and more importantly, a more honest effort, to ease the situation. Let us also hope that our representatives have more faith and trust in us than to attempt another version of the bad acting and cheap deceptions that they have perpetrated on us in this case.

Record job creation over the last 5 years.

Record stock market, nasdac, ans S&P 500 totals.

Record housing numbers until this year.

And yet, people are convinced we are in an economic crisis. I wonder who told them that?

Is everything coming up roses? No. Does the midwest auto and manufacturing sector have to grow out of the mentality of the 40’s-80’s, yes.

Did the Bush tax cuts make economic survival and growth through 9/11, Katrina, rolling blackouts, and war spending possible. YES.

The A-hole.

What I find ironic is that the President states the economy is just fine yet we have more and more people out of work with less jobs being created than those lost and more people are looking for assistance even though the standards have been tightened to make it harder and harder to get assistance and yet the same people in office for years and years speak of entitlements and they are not going to have people looking to the government for help.

If the government will not help or wants to cut back and as people age it becomes harder and harder for them to live and the community can only do much to help, who do we turn too.

Frankly the food stamp challenge by the commissioners does little for me and I wish they would concentrate on what they have been doing, helping Lucas County grow and prosper.