Comments on: Timid Shoppers, Inflation Plague Economy

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

[bubba027]

I can''t agree with SharnCedar more. You''re right on the money.
You folks that blame Bush for everything...give it up. Congress is even worse and not gettting any better, the only difference is that they want to waste your money on different things. They cetainly don''t want to save you any money or get you a job. Conversely, you''re nuts if you give Clinton much credit. He spent all his time dodging attention for all his mis-deeds and strange behavior. Oh yeah, he helped reduce the budget by slashing the military budget. I didn''t just read about it I lived it. For several years, the military didn''t have money to even change the oil in their vehciles let alone buy tires, maintain equigment, recruit, or train. That''s one reason why so much had to be spent on the wars after 9/11 despite whether the wars were appropriate or not. Everything is the military was is disrepair due to neglect. Clinton didn''t even want to blow money on the single missle it would have taken to take binladen out when he had the chance.

[ssm9451]

If this country is ever straightened out, we won''t live to see if happen. It will never happen in our life time.

[lochlan-2009]

Inflation Hits 17-Year High - Hell of a job the Fed Chairmen did on preventing this, like they said they were trying to do but doing everything to make the opposite happen.

After watching the news about the Supreme Courts decission on making it legal for corporations to be an accomplice in, and even show a company the strategy to, stealing from American empoyees and investors through blatant fraud, I think we''re seeing the end of what America used to mean.

Ever wonder what happens when the criminals infiltrate your government? Now you know.

[sharncedar]

The Fed cutting interest rates is what caused the current crisis, so how is the Fed cutting rates going to fix it? Easy money is a short-term stimulus that kills the economy in the long run. There are many ill effects of easy money, one of them for example is that business fundamentals can be ignored because investor capital (easy money) overwhelms actual profits. This allows for example a sleazy offshore-loving poorly managed enterpirse to buy and destroy their competitors, even while they are losing money the whole time. The situation at the end has the worst management in history in charge of every major corporation -what they were good at was raising capital in the capital markets but none of them has a clue how to operate a business or earn a profit or grow a business - they bought and merged and acquired the businesses they now "manage" (more like mis-manage). So it will take a very long, destructive period of destructive capitalism to shake these bad apples out of the trees. And for that to start, easy money has to stop. And it looks like these fools have no intention to slow down easy money, they only have one note to play, like idiots on the trumpet of death. Lower rates, lower rates, lower rates, lower rates, easier credit, easier credit, easier credit, like morons or crack addicts

[incog-nito]

Correction: quotas (not quotes)

[incog-nito]

To a multination corporation it doesn''t matter if the U.S. economy goes straight to hell or not. They are the new emperors and are not accountable to any particular nation. Unfortunately they also exert a lot of influence on U.S. government. Take outsourcing, for example. As long as there are cheaper labor and more lax regulations elsewhere, U.S. jobs will continue to be lost. The U.S. is beholden to these corporations and have shown no interest in protecting U.S. workers. They tout the "free market" and "free trade" as a cure-all while other countries regularly erect trade barriers such as tariffs, quotes, and subsidies to protect their people. This is just the beginning.

[fairandbal]

I don''t know about you, but i''m watching high paying high tech jobs in my company shipped oversees as the ones left are being required to work more and more hours . My pay goes down as health care premiums go up and my guaranteed pension is taken away and ALL of my retirement is put into the high stakes high risk stock market.

You''ve done a heck of a job Bushie! (at destroying our economy and country!)

[sharncedar]

Our economy has benn "stimulated" so many times and for so many years, it is like a burned-out crack addict on its last legs. It will be a long, long way back to health and sanity for this nation. I don''t think the will is there yet, we are still looking for that next "fix" that quick fix, the new economc drug to stimulate activity where there are no fundamentals.

By the time we get our economy stable and sound again, nothing will be the same, we won''t even hardly be the same country we are today. It''s equally likely we won''t be able to make the transition, like the crack addict who never goes straight, and the US as a nation will dissolve perhaps Mexico will take a portion and the rest descend into internal civil wars and foreign-owned and occupied areas.

The time for change was years ago, but no one wanted to listen then.

[goldesprit]

"Timid" shoppers?
So...if I apply myself and don''t buy a bunch of stuff I don''t necessarily need at the current prices... I am supposed to be..."timid"!!!

Now our news orgs. are calling the middle class names!!!

[ontheleft]

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.