It's the Economy!
The presidential campaigns are focusing on the economy and The Post's Neil Irwin writes today that some industries and regions are already in a recession. This comes as no surpise to our Readers Who Comment, who responded strongly to Irwin's article.
There is anger in their comments, anger at the administration, anger at some big businesses, anger about the war and its contractors, anger about the sub-prime mortgage disaster and the lenders who contributed to it and, predictably, a discussion about whether illegal immigration contributed to the situation.
Let's get started with bobmoses, who mirrors the tone of the conversation in writing, "Lot of "ifs" in this piece, although I notice the writer doesn't bother to explore any positive outcomes."
curious606 wrote, "Banker and mortgage lender GREED led to this meltdown. IF you all want to blame someone at least blame the right people. Stop whining!"
jryan758 said, "Basically therefore, the average American is 5% worse off financially last year alone. Meanwhile, the Haliburton executives in their new headquarters in Dubai are laughing all the way to the bank as they trade their dollars for foreign currencies."
FloridaMike proposed, "Hey I have an idea to help our economy lets keep sending Billions to Iraq, Yea thats the ticket Yea!"
Indeendent wrote, "A seemingly implied belief that somehow the housing crisis and the banking crisis might be contained within these industries is preposterous. We are experiencing only very early stages of stagflation. The fed has sadly lost control, while the President has lost his mind spending trillions on the war while lowering taxes on the richest."
ihave4ducks said, "We've spent trillions of dollars since the late 1940s as the "world's policeman." We're currently engaged in an illegal war that's exhausting our military and invoking the world's collective ire. Our actions have helped destabilize oil-producing regions and thus the price of oil has skyrocketed... Is anyone really surprised things are going down the commode?"
WMRG70 wrote, "This is the fault of the mortgage bankers, the developers and those who took sub-prime loans. All done with eyes toward big bucks and not looking at the long term consequences of their greed. And the tax payers are going to bail them out, then watch the CEO's laugh all the way to the bank. Their stock holders need to get them fired without compensation."
graced8669 said, "...If housing suffers, so does everything else, in a domino effect. IE: Applicances, rugs, furniture, etc, then all those people loose jobs so they don't eat out, or have money for medical bills, or go on vacations..."
BlueTwo1 wrote, "...Wall Street demanded that the annointed leaders of financial institutions grab the brass ring while interest rates were low. Selling adjustable rate mortgages to the un- and barely-qualified is a recipe for disaster. They knew it and went ahead anyway... Is it always self-interest or are there some out there who work for the good of the whole nation?"
buzzm1 cited the costs of the Iraq war and then initiated what became a long thread on the immigration issue in writing, "...Over $100 Billion per year, to provide Free Benefits for illegal immigrants... Build the fence!! Secure the border!!... Punish the employers of illegal immigrants..."
To which BethesdaMD replied, "buzzm1: You must be one of those really brilliant people! (as Borat would say...) You figured out a way to blame all the problems with the economy on illegal aliens... All our problems are caused by illegal aliens who work hard, make less than minimum wage in some instances, and still somehow manage to save some of their hard earned money... It's disgusting to see such hatred and racist xenophobia. What we need in this country is fiscal responsibility. The child emperor and his gang of pillagers leaving us next will be a good start."
To which buzzm1responded, "...being brilliant, I was thinking that "Jobs, and the Economy" in addition to "Illegal immigration" were two of the major issues with our country... let's get rid of those 12 to 20 million illegal immigrants, and that will free up some jobs, so that some of our own citizens can go to work. And if they go to work, they would be paying taxes... and we taxpayers wouldn't have to be paying over 100 billion dollars a year for the illegal immigrants Free Healthcare, Education, Welfare, Food Stamps, Court Costs, Housing Subsidies, Incarcerations, and the like..."
BethesdaMD then said, "...These same human beings that you call "Illegal aliens" were present during the largest peace-time expansion of our economy and they contributed to its growth. What I found disgusting is how you blame perhaps the hardest working and least paid segment of our population for the state of our economy..."
Shootingsparks joined in, saying, "Nothing about how our economy has been being driven has passed my smell test... A real estate shell game, pyramid scheme. When people point to the border as the cause of our economic woes i urge everyone to remember that "they" are really part of the big collective "us"..."
blasmaic's suggested that "The challenge is to make the crisis expand into October. Only a recession of biblical proportions will elect a Democrat."
And we'll close with claudedunger, who wrote, "...Actually, people just trying to make it have a good feel for the real economy. Forget the consumer price index. Go check the number of people who have their basic utilities cut off for non-payment. Follow that trend for the last couple of years. The direction of the economy will become apparent. That's about as basic as it gets and it ain't pretty"
All comments on the economy article are here.
Posted by: Got gas ? We dont | May 7, 2008 1:30 PM | Report abuse
Posted by: vaoaoxeiwc | May 1, 2008 1:31 PM | Report abuse
Posted by: evniajwrcn | April 22, 2008 11:49 AM | Report abuse
Posted by: xzdjmgsdvv | April 21, 2008 11:23 PM | Report abuse
Posted by: jchyland | March 16, 2008 7:32 PM | Report abuse
Posted by: oxfitqe drtv | February 26, 2008 1:12 AM | Report abuse
Posted by: xyis ahqoyplw | February 26, 2008 1:11 AM | Report abuse
Posted by: dmmlourudz | January 24, 2008 4:59 PM | Report abuse
Posted by: fdaakpusfw | January 24, 2008 4:39 PM | Report abuse
Posted by: ronajledqp | January 24, 2008 3:01 PM | Report abuse
Posted by: ygwkkpvbmt | January 24, 2008 2:37 PM | Report abuse
Posted by: Anonymous | January 24, 2008 12:48 PM | Report abuse
Posted by: eqdgcwbmgk | January 24, 2008 11:55 AM | Report abuse
Posted by: xfwbgtvutp | January 24, 2008 10:07 AM | Report abuse
Posted by: vbdcctgmxg | January 24, 2008 9:12 AM | Report abuse
Posted by: ytwdpkhcrz | January 24, 2008 1:05 AM | Report abuse
Posted by: avnvmayssm | January 23, 2008 11:27 PM | Report abuse
Posted by: omslryaykq | January 23, 2008 9:37 PM | Report abuse
Posted by: fjgckqhfuy | January 23, 2008 8:10 PM | Report abuse
Posted by: hrtplgophx | January 23, 2008 6:46 PM | Report abuse
Posted by: gznculvkfl | January 23, 2008 5:05 PM | Report abuse
Posted by: andghthmgz | January 23, 2008 4:38 PM | Report abuse
Posted by: hjsshbkzks | January 23, 2008 3:24 PM | Report abuse
Posted by: qthtjhzgng | January 23, 2008 3:07 PM | Report abuse
Posted by: sesvzpogrz | January 23, 2008 2:39 PM | Report abuse
Posted by: Anonymous | January 22, 2008 6:34 PM | Report abuse
Posted by: Alan MacDonald | January 21, 2008 4:02 PM | Report abuse
Posted by: DrDetroit | January 20, 2008 4:40 PM | Report abuse
Posted by: ghostcommander | January 20, 2008 2:57 PM | Report abuse
Posted by: vmi98mom | January 19, 2008 10:41 AM | Report abuse
Posted by: arjay1 | January 17, 2008 8:15 PM | Report abuse
Posted by: arjay1 | January 17, 2008 8:13 PM | Report abuse
Posted by: Anonymous | January 17, 2008 6:18 PM | Report abuse
Posted by: Anonymous | January 17, 2008 5:41 PM | Report abuse
Posted by: Joe Ward | January 17, 2008 5:17 PM | Report abuse
Posted by: mobedda | January 17, 2008 1:10 PM | Report abuse
Posted by: OD | January 17, 2008 11:45 AM | Report abuse
The comments to this entry are closed.