The Bush Anti-Recession Plan: "Induce people to boost spending on big-ticket items such as homes"

Odds Are Growing for Economic Recession

JEANNINE AVERSA | January 13, 2008 11:19 AM EST | AP



WASHINGTON — The unemployment rate leaps to a two-year high, record numbers of people are forced from their homes and Wall Street nose-dives again. Such is the fallout from a housing meltdown that threatens to slingshot the country into a recession. The big economic question these days is whether the weakening economy will survive the strains or collapse under them.

The odds have grown that the economy will slip into a recession. At the beginning of last year, many economists put that chance at less than 1-in-3; now an increasing number says it has climbed to around 50-50. Goldman Sachs, the biggest investment bank on Wall Street even thinks a recession is inevitable this year.

Hopeful it can be avoided, President Bush and the Democrat-controlled Congress are exploring economic rescue measures, including possible tax rebates. Federal Reserve Chairman Ben Bernanke pledged to lower interest rates as needed.

The idea is to induce people to boost spending, especially on big-ticket items such as homes and cars, and revitalize economic activity. "The recession gorilla is there. The question is can the Federal Reserve do enough to avert a recession?" asked Brian Bethune, economist at Global Insight. "We think the odds are close to 50 percent that there will be a recession. It is high _ no question about it."

http://www.huffingtonpost.com/huff-wires/20080113/recession-odds/

The housing bubble has burst and housing prices are falling like Shoemaker-Levy 9 into Jupiter, and pudding-for-brains says we need to buy houses? And what lender is going to make that loan? Especially when even THEY think the asset is overpriced. Or are we supposed to just write a check for cash from the hundreds of thousands we all have in our bank accounts?

What a moran.

You know, the one mumzie set up for you with the pin money daddums used to give her..:eyes:

#2) One thing Bushler and his Minions are good at is they keep on stealing and stealing and stealing, whether it be liberty or money or lives, that's what they do and they are RELENTLESS.

#3) 30-35% of the country is so detatched from reality, and so programmed to be Hitler's Willing Henchmen, that I wonder just how more of them will fall off the cliffs like lemmings, listening to Der Fuhrer?

A lot, undoubtedly a lot. The funny thing is, Der Bushler wouldn;t piss on his followers if they were on fire, and undoubtedly behind closed doors has more contempt for them than all of Duy combined.

Jokes on you, suckers!

BUY A HOUSE?

:crazy:

After all tax cuts for the wealthy have kept the economy afloat, erased poverty, cured the deficit, we didn't have to borrow any money from foreign countries/investors, and the US dollar is stronger than ever! How about that Katrina thing? Why the wealthy have rebuilt every middle class and poor person's home. I hear they're they paying for all of the displaced people to come home too. More tax cuts for the rich!
:sarcasm:

Did anyone tell him people are maxed out with the patriotic shopping they did to fund his wars?

Otherwise, the terrorists win!