What did Richard Gardner, CFR spokesperson, say about an "end run around national sovereignty"? Don't these trade agreements do just that?

Which party pushed for an invasion and occupation which is going to cost us at least 2 trillion before we are done?

Well, as you likely know, I believe BOTH parties are controlled by the same groups. The bankers, the CFR, the foundations and the Trilateral commission.

You most likely disagree, but that is fine, as I am tired to discussing it and most people here are tired of hearing it, so I will just leave it at that.

There is a word for this.... Irony.

__________________

November 2010...A change we can believe in.

Emotions. Yeah, right.

I know the "official" definition of the word recession, but I don't agree with it.

When you have record foreclosures, increased unemployment, record losses for banks, large increases in both public and private debt and .......

The number of chapter 7 bankruptcies, where all debt is liquidated, rose 36% as of March 2008. Bankruptcy statistics released yesterday indicate that there are 146,721 more Chapter 7 bankruptcies than last year and the total non-business filings is 871,186. for the twelve month period ending March 31, 2008.

Personal Bankruptcies Continue to Rise -- Consumer Tips to Avoid Money Problems in an Uncertain Economy

.......then these are all signs of a recession.

If you wish to stick to the "official" definition of a recession, then you are correct. However, if you use common sense and logic, not EMOTIONS, then I am correct.

You are correct, for the most part, but it is not always the case.

I should have said "inflation fears."

"The combination of rising unemployment and rising inflation expectations just leaves (us) totally frustrated and powerless," said Brian Fabbri, senior economist at BNP Paribas.

Fed to hold rates even as inflation fears rise | Special Coverage | Reuters

Worthless, emotional, financial pornography. The media hype makes normally rational people make irrational financial decisions. Ask yourself, What has really changed? Gas prices have finally gone up to match inflation? It was inevitable wasn't it? Some speculators overextended themselves and bought more house than they can afford - so now they'll lose their homes - were people losing their homes before? Dah! of course they were. So seriously - why is it worse this time? The answer is - IT IS NOT WORSE. It is hype.

As for your insistence on calling the current economic climate "a recession" - if you want to you can call a kitten a dog - go ahead, knock yourself out. It doesn't change the fact that we are not in a recession - we have economic growth. Sorry if those facts don't jive with your emotions - but facts are kinda tricky that way.

__________________
I can picture in my mind a world without war, a world without hate. And I can picture us attacking that world, because they'd never expect it.

Inflation fears are going down.............

__________________
It's hard to stay mad at someone who makes you laugh - Jay Leno

And what do you do that is any different? You just sit around whole day blasting the President on everything from the economy to the war.

I used to think you were like a blue dog (fiscal) Democrat but now all you do is get all lathered up in anti-Bush hysteria.

Bush, the neocons and the liberals are the problem, as are the idiots who keep voting for people like them.

Wow, I am so insulted.

Well, not really.

Emotions are the one thing I leave out of financial discussions.

I like facts, as you seem to like as well.

You claim it is not worse the people losing their homes. That is so wrong, i do not even feel like bothering to post all the info which says you are wrong, but I will.

Have you ever typed the words "RECORD FORECLOSURES" into GOOGLE?

No, obviously you haven't.

If you only use Google news, here is the first page of hits..........

First quarter saw record foreclosure rate, report says
TheNewsTribune.com, WA - 23 hours ago
The latest foreclosure report from the Mortgage Bankers Association created a stir this week, but I wanted to get the local stats before I passed along the ...
Record foreclosures won't ease soon Hartford Business
Record foreclosures strain social services WTTE
Despite Interest Rate Cuts, Foreclosures Hit Record High Washington Post
Boston Herald - Los Angeles Times
all 906 news articles »
Record foreclosures strain social services
International Herald Tribune, France - Jun 5, 2008
... a record 6.4 percent of homeowners were at least one payment behind on their mortgages in the first quarter, and a record 1 percent were in foreclosure. ...
Record foreclosures strain social services
WAND, IL - Jun 5, 2008
AP - June 5, 2008 5:24 PM ET CHICAGO (AP) - Social service providers are feeling the weight of the US foreclosure crisis on a daily basis. ...
Record foreclosures strain social services WPSD
all 4 news articles »

The Associated Press
Foreclosures hit a record high _ and more coming
The Associated Press - Jun 5, 2008
WASHINGTON (AP) — The foreclosure hammer is hitting ever harder. People lost their homes at the highest rate on record in the first three months of the year ...
Home foreclosures set record in first quarter
The Associated Press - Jun 5, 2008
WASHINGTON (AP) — Home foreclosures and late payments set records over the first three months of the year and are expected to keep rising, stark signs of ...
Commercial Connection: Florida's 'judicial foreclosure' policy ...
The News-Press, FL - 2 hours ago
The foreclosure complaint is the "suit." The lender will also record a "lis pendens" in the public records of the county in which the property is located, ...
Home foreclosures set record in first quarter
The Associated Press - Jun 5, 2008
WASHINGTON (AP) — Mortgage bankers say home foreclosures and late payments set records in the first three months of the year. ...
'A new sense of desperation in the people we're seeing'
Minneapolis Star Tribune, MN - 4 hours ago
Food shelf visits and mortgage foreclosures -- both sharply on the rise -- are "leading indicators" of a bigger picture, said Dakota County researcher Jane ...
Center helps rescue West Palm residents from foreclosure
Palm Beach Post, United States - 4 hours ago
The rate of foreclosures and late mortgage payments was the highest on record since 1979, the report said. Foreclosure counselor Michelle Mays has seen it ...

WBT
Foreclosures hit a record high - and more coming; Bank of America ...
Austin American-Statesman, TX - Jun 5, 2008
WASHINGTON — People lost their homes at the highest rate on record in the first three months of the year, and late payments soared to a new high, ...
Foreclosures soar...Severe storms warning...Bystanders did call ... KXMC
Business Highlights Forbes

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You are so full of it, you probably don't even realize how full of "it" you are.

You are a typical American. You believe what you want to believe, no matter what the facts are.

Oh, we are not in a recession because the official definition of a recession is blah, blah, blah.

So typical it makes me want to puke.

What I posted above was only the FIRST PAGE OF HITS.

I could go on, heck maybe I will.

Did you ever type these words into Google......"Record Debt"

No, obviously you haven't.

If you did type those words into Google news this is the first page of hits.........


Primary credit borrowings ease from record - Fed
Reuters India, India - Jun 5, 2008
Primary credit borrowings were an average $15.92 billion per day for the week ended June 4, slightly down from the record $15.95 billion per day the ...
Ahead of the Bell: Consumer Credit Forbes
Consumer borrowing rises at slower pace in April The Herald-Times (subscription)
UPDATE 1-Primary dealers cut Fed borrowing after quarter-end Reuters India
all 257 news articles »

WBT
Global Economic Meltdown
Piter Indymedia, Russia - Jun 6, 2008
Many consumes, now deeply in debt, will use rebates to pay off record debt. Perhaps only a third of the $168 billion will constitute actual new consumer ...
Business Highlights Forbes
Musical Chairs. Who Will Be Out Next? Greene County Daily World
all 724 news articles »

Citizen
Credit Debt Rises With Recession Fears
Forbes, NY - Jun 6, 2008
Stone said economic recovery is difficult to predict at this point but that a turnaround is unlikely if oil prices remain at record highs. ...
Record Unemployment Should Be a Clarion Call for Action Center For American Progress
Jobs Down For 5th Month; Oil’s Rise Adds To Gloom Neftegaz.RU
all 593 news articles »
Gas bills to soar by another 40pc
guardian.co.uk, UK - 8 hours ago
The debt charity, the Consumer Credit Counselling Service, said it had seen a huge increase in the number of over-60s seeking advice and even being pushed ...
Book Review: How to Get Out of Debt by Jerrold Mundis
CityWire.co.uk, UK - 8 hours ago
The first step to getting free of debt is having a spending record. How to Get Out of Debt shows you how to draw one up and maintain it, so you will never ...

The Money Times
MBIA, Ambac, $1 Trillion of Debt, Lose S&P AAA Rating (Update3)
Bloomberg - Jun 5, 2008
Ambac, which fell 17 percent to a record low yesterday, was 13 cents higher at $2.62. The cuts follow an announcement from Moody's Investors Service ...
Moody's sees record Q2 US corporate downgrade reviews Reuters
Downgrades of Monoline Bond Insurers AMBAC and MBIA- The Story No ... The Market Oracle
AHEAD OF THE TAPE Wall Street Journal
Barron's Blogs - Bloomberg
all 300 news articles » MBI - ABK - MSM:FINC
Mutual Fund AUMs at record highs on debt
Moneycontrol.com (press release), India - Jun 6, 2008
According to Mr. Krishnan Sitaraman, Head, CRISIL FundServices, "Weakness in equity markets meant that debt funds continued to out-perform equity funds in ...

Javno.hr
US needs Hoosier frugality to get out of depths of debt
Indianapolis Star, United States - Jun 5, 2008
... $1085 to pay the interest on our national debt. It is true that the Bush administration inherited record surpluses and has plunged us deep into the red. ...
Bush Urges Congress to Approve War Funding Voice of America
Democrats Support Middle-Class Tax Relief, Bush Republicans Call ... Trading Markets (press release)
Senate approves stand-pat Democratic budget plan The Associated Press
United Press International - Heritage.org
all 724 news articles »
Home ownership at record levels: census data
CTV.ca, Canada - Jun 4, 2008
"Low mortgage rates have helped offset much, but not all, of the impact of rising house prices in recent years on mortgage debt-service costs,'' Bertrand ...
Boomers own more homes and owe more than ever before Globe and Mail
all 88 news articles »
Moody's debt downgrade reviews could hit record
SmartBrief, DC - Jun 6, 2008
Moody's Investors Service says it may place a record $772 billion in US corporate debt on review for downgrade this quarter. Companies whose bonds may be ...

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Thanks for all those sources to back up your opinion.

Oh wait, you didn't post a single source to back up your opinion.

TYPICAL.

Yes - everybody here knows I am a far left anti Busher...course all last year I was a rightwing Bush lover...guess I just can't make up my mind.

__________________

November 2010...A change we can believe in.

I've been a lifelong supporter of the GOP. I continue to align myself with a majority of issues which would "label" me a conservative / GOP voter.

And yet it is painfully clear that the Bush administration has been disappointing. The Iraq war was a mistake. People from both sides can throw insults all they want (from hypocrite to turncoat) but I think it takes strength and maturity to realize when one is wrong no matter how it may "look".

Now, I'm not saying that the Dems offer anything better at this point (nor do I believe that Kerry or Gore would have done a better job -- anyone can claim anything in a hypothetical situation and its a pointless exercise in any case).

What I am going to do is watch, listen and learn from the two candidates very carefully and make my decision after I have weighed all of the evidence.

As I see it my vote is up for grabs.

What recession? We have not had any negative GDP growth yet. We also still have 11million more people employed than in 2001, and 4 million job openings. Everyone who wants a job, has one.

__________________
"To take from one, because it is thought his own industry and that of his father has acquired too much, in order to spare to others who (or whose fathers) have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, "to guarantee to everyone a free exercise of his industry and the fruits acquired by it."

-Thomas Jefferson

You missed one important step, we borrowed the money to cut the checks. China, Japan and the UK loaned us the money to write the checks, US consumers spend it on goods imported from those countries (primarily China and Japan) and they now receive interest on the loan, the principle to be repaid by some future generation of Americans. From the US position, how dumb does it get, from the lender side, difficult to get any better than that.

Here's an article that will, hopefully, enlighten those who still believe official government numbers are the oracle on the US economy:

Behind the falsification of US economic data

I'd go so far as to state any individual who has ever made any significant money from investment return ignores official cooked government numbers and trend analysis. That's one reason why the sheep, the 401k contributors, always pony up their equity market investments for profit taking by others.