Comments on: Timid Shoppers, Inflation Plague Economy

Fed Says Economy Lost Momentum As Shoppers Tightened Belts; Inflation Hits 17-Year High

[skyk-2009]

Okay "ontheleft" (of the welfare line) I was brought up to seek a job and work for a living. I am sorry to hear that you were brought up to be a parasite and seem to be proud of that fact. What point were your comments trying to buttress. You really made no sense and i think that you only openly advertised why you don''''t have a job.
Have fun with my crumbs at the handout table $lob!


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Posted by cbville72 at 12:07 AM : Jan 17, 2008
+ report abuse

What makes you people so superior to the rest of us? I have sat back for years now and listened as you few make the rest of us out to be nothing but a drain on the American Dream. Thing''s are bad and getting worse. The Economic System Trashed in the 90''s was brought back and we are seeing the same results. Trying to make it something it isn''t will not help you this time.

[watcher269-2009]

"timid shoppers" - This is Bushit! People are loosing their jobs! Working for minimum wages under this republican regime. Economy going down the drain.

People don''t have the Cash to shop and the credit cards are all maxed out - that''s why they cannot shop.

This is the republican way - re-write the Truth.

[goldesprit]

These *** shoppers have become "timid"!

They don''t want to spend all their money on overpriced goods!

Who knew?

[shanev137]

What?

There is no inflation.

When are all you people going to stop with the lies.

[ananar]

I noticed that Capital One was crying crocodile tears over claims of delinquency payments. Here is where part of their problem may lie. In January of 2007, I had mailed in a 62.00 payment to Capital One, they claimed afterwards that it had been credited to my account on the 17 of January. But guess what? The February statement showed no such payment had been credited. After that, when I wrote to them to complain about it, the claim was made in writing that the January payment plus the February payment would be reflected on the March statement. It never happened. What did happen was that Capital One insisted on keeping the balance due on the account above limit with additional fees tacked on each month. This was factual even though they had received in payments over 700 dollars by the end of the year. Capital One has engaged in rip off practices. How many of their "delinquencies" are factually bad business practices where they are exploiting their customers? Something to be looked into by CBS.

[radiob-2009]

We have exported to many of our high paying jobs and are not creating new high paying jobs with which to replace them. This we can thank congress and the presidents dating back to Ford for all of the trade agreements that had no teeth in them. Where are the visionaries and entrepreneurs that our nation was built on where is their patriotism or is their patriotism limited soley to their own wallets. America needs bold leadership to end our dependence on foreign energy and cheap third world slave labour unless America wants to become a third world nation.
Pt 2

[radiob-2009]

The figures as released:
In August a little more than 6 percent of credit card payments were 60 days overdue, reports Mason. By November, it was more than 7.5 percent - a nearly 20 percent rise in just three months.


This is actually a 25% increase simple math and troubling.

The recent leap in the nation''s unemployment rate from 4.7 percent in November to 5 percent in December, a two-year high, rang a warning bell on the economy. It raised concerns that consumers, whose spending is vital to a healthy economy, would clamp down, sending the economy into a tailspin.


This is a 9.1% increase also troubling and the nation unemployment figures are not accurate they are not counting the number of people whose benefits have been exhausted. Again troubling.


Consumer prices rose by 4.1 percent for all of 2007, up sharply from a 2.5 percent increase in 2006, the Labor Department said Wednesday. Consumers felt the pain when they filled up their gas tanks or shopped for groceries. Prices for both energy and food shot up by the largest amount since 1990.

This is a 61% increase in prices!

The housing sector which is noted here but is absent from remarks from the Realtors Association has stated in a conference that I attended in Oct. that the housing market would remain weak until at least 2009.

PT 1

[cbville72]

To cbville72,
I''''m glad you think the economy is rosy and you have no worries about losing your job. For me that''''s great news since it means you''''ll be paying taxes so I can collect my welfare check every week. Thanks.


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Posted by ontheleft at 09:36 PM : Jan 16, 2008

Okay "ontheleft" (of the welfare line) I was brought up to seek a job and work for a living. I am sorry to hear that you were brought up to be a parasite and seem to be proud of that fact. What point were your comments trying to buttress. You really made no sense and i think that you only openly advertised why you don''t have a job.
Have fun with my crumbs at the handout table $lob!

[rowdytexan2]

Well, not sure what the game playing with interest rates is all about. But, in fact, the sub-prime loans was only a small percentage of the mortgage business. So I don''t know what they''re trying to cover up with all the fall de rahl about those mortgages. Those banks weren''t losing money on those loans at all, either. However, they were losing the potential for earning money when the interest rates when up.

Frankly, I think that was just an excuse to steal these homes back and re-sell them for more down payment money and make a fast buck. Today is all about making the fast money. Just went through this krap with a company I work for. Transferred the money to another company, then filed bankruptcy, took the money a ran!

I don''t know, but I think this administration just wants us to live in fear of everything...terrorists, bombs, war, our living, jobs, health.

I was born after the second big war, and recession, so all I''ve ever known was security until now. I did live through Viet Nam and that was a great trembling in our force and hard times on our families. But even then it didn''t feel like somebody was trying to destroy us.

[rowdytexan2]

Posted by bubba027 at 10:21 PM : Jan 16, 2008

Hahahahahaha! Now another one wants to blame all of Bush''s problems on Clinton!

This is really getting to be a joke!