America: Take Note

Callum McPetrie's picture
Submitted by Callum McPetrie on Fri, 2008-05-23 19:49.

I've come across some very interesting statistics from a new blog I've started reading, Kramjam Reiterates, by Mark in OC ("OC" being Orange County, a nice area of 3 million people south of LA and where Disneyland is located). He says:

"A little over one year ago:
1) Consumer confidence stood at a 2 1/2 year high;
2) Regular gasoline sold for $2.19 a gallon;
3) The unemployment rate was 4.5%.

Since voting in a Democratic Congress in 2006 we have seen:
1) Consumer confidence plummet;
2) The cost of regular gasoline soar to over $3.50 a gallon;
3) Unemployment is up to 5% (a 10% increase);
4) American households have seen $2.3 trillion in equity value evaporate (stock and mutual fund losses);
5) Americans have seen their home equity drop by $1.2 trillion dollars;
6) 1% of American homes are in foreclosure.

America voted for change in 2006, and we got it!
Remember, it's Congress that makes law not the President."

Which I find very interesting. Although two years is a rather short amount of time, few of the economic problems facing America -and the rest of the world- existed before the Democrats got into power in Congress.

A warning to America: don't be fooled by talk of "change" -often, it's change for the worst.

Kramjam Reiterates: http://kramjam.blogspot.com


( categories: )

What about "Mike in OC"?

mvardoulis's picture
Submitted by mvardoulis on Fri, 2008-05-30 05:04.

...I could probably talk to this guy in person, you know, probably a neighbor of mine for all I know, Callum! Smiling

(great description of the OC, love the "Disneyland" bit)


Your right Frank

Ben Morgan's picture
Submitted by Ben Morgan on Sat, 2008-05-24 11:51.

Though the democrates have made thing worse this recession is on the republicans heads. If they hadn't acted like democrates you could blame the democrates but they did so you can't. Whats worse is with the republicains acting like democrates the democrates have been pushed further to the economic left. :?

 

"We reserve the right to live"

Benjamin Netanyahu former prime minister of Isreal


I'm not a fan of Democrats,

ArizonaFrank's picture
Submitted by ArizonaFrank on Sat, 2008-05-24 02:55.

I'm not a fan of Democrats, either. But the statistics you report were heading in that direction before the 2006 elections and I doubt the dems had much to do with them. It takes at least a couple of years to turn the US economy. I think the Republicans own this particular recession.


Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.