http://finance.yahoo.com/banking-budgeting/article/105427/Uncomfortable-Answers-to-Questions-on-the-Economy

Uncomfortable Answers to Questions on the Economy



You have heard that Fannie and Freddie, their gentle names notwithstanding, may cripple the financial system without a large infusion of taxpayer money. You have gleaned that jobs are disappearing, housing prices are plummeting, and paychecks are effectively shrinking as food and energy prices soar. You have noted the disturbing talk of crisis hovering over Wall Street.

Something has clearly gone wrong with the economy. But how bad are things, really? And how bad might they get before better days return? Even to many economists who recently thought the gloom was overblown, the situation looks grim. The economy is in the midst of a very rough patch. The worst is probably still ahead.

Job losses will probably accelerate through this year and into 2009, and the job market will probably stay weak even longer. Home prices will probably keep falling, shrinking household wealth and eroding spending power

That's what i think, too

I just wish Bushy and company had to live on a yearly wage of less than $17, 000! - and pay $4 a gallon for gasoline to get to work every day! Sure it is just in my head!!

No kidding!!!!  I did my usual shopping for the week on Sunday, bought the usual stuff.  It was nearly $30 more than usual!  This is insane!  Oh no...according to Phil Gramm I am insane for thinking this is insane.

What I don't understand is that while we are suffering from the gas prices, the Dems are working on imposing
$0.10 to $0.50 more per gallon in fuel taxes so your gas will cost even more if they gain more control. Yet,
that is okay? To me, it isn't okay for either party to raise taxes right now. They need to cut spending, not
try to fund all their wildest projects, especially earmarks and pork.