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Letter: Economy not as rosy as it seems

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Posted: Wednesday, August 6, 2014 12:29 am

In a recent article in the Lodi News-Sentinel about the economy it was reported as sluggish but sturdier. My question is, sturdier than what? The economy of some third world country? They took a bunch of negatives and said they were positive and then expect us to believe because they say so. Here are some of the thing they say are good:

  • Fewer people are spending on credit. Perhaps it’s because they don’t have any money to spend.
  • Banks are more profitable and holding on to their money. How is this helping anybody?
  • More workers hold advanced degrees. Yet we read how so many college graduates have to move back in with mom and dad because there are no jobs.
  • Inflation is under control. What a bald-faced lie. If we used the same index that we used before Obama, inflation would be around 13 percent.
  • Millions who have reached retirement age are continuing to work. This is a good thing? Really? The reason they are working is their retirement savings have disappeared, and the cost of living forces them to keep on working.
  • Since Obama took office, gas prices have doubled, milk has tripled, meat has tripled and utilities have risen dramatically. Every single thing it takes to exist has gone up, but they say the cost of living is negligible.

If you take the millions and millions of people who have quit looking for a job and add them to the unemployment rolls, our unemployment rate would be around 17 percent.

The stock market is doing good because the feds have been throwing billions of dollars in it to shore it up. Yeah, we are in great shape.

Jim Sugden

Lodi

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Welcome to the discussion.

32 comments:

  • Mike Adams posted at 7:16 pm on Mon, Aug 11, 2014.

    Mike Adams Posts: 1399

    Thomas: Me too with Tom Sullivan. I put up with the pretend surprise, folksisms, "Yeah, that's right" just a little too long. I don't even bother with him now.

    I liked Rush 'till '92 when I realized what direction this country was headed. I was a rock solid republican, worshiped Reagan, voted for Nixon and Bush 41. By 1992, the republican party was all about the rich...as I used to say (but I'm not going to claim I said it first)...'Bushes friends got richer and everyone else got poorer". Buchanan's speech at the '92 convention finished it for me.

    Drug addicted Limbaugh went on a solid 8 pr 9 year rant on Clinton and then Gore and then Hillary and then Obama. He called Chelsea Clinton a dog. KCRA's experimental TV program at 0500 ruined my day every day until they finally pulled it. What a fat, bloated pig. I'm glad he lost his hearing to his addiction, and I say that as a music lover like him, I'm glad he'll never hear music the way it actually sounds. He has personally done more to bring down this country than any one individual and you can include W in that as well.

     
  • roy bitz posted at 6:32 pm on Mon, Aug 11, 2014.

    roy bitz Posts: 500

    Good letter Jim. Fascinating that so many continue to drink the Kool-aid being spewed from the left.
    Everything I needed to know about BHO I learned when he told us "the Cambridge police acted stupidly"--- then followed up with the Beer Summit at the White House and when he told us " do not to rush to judgement after a Muslim terrorist murdered thirteen at Ft .Hood.

     
  • Christina Welch posted at 4:32 pm on Mon, Aug 11, 2014.

    Christina Welch Posts: 398

    [thumbup]

    I listened to Rush once, a few years back, on a road trip with some colleagues. I couldn't have gotten out of that car fast enough! I don't understand what people get out of listening to his angry rhetoric.

     
  • Thomas Heuer posted at 1:20 pm on Mon, Aug 11, 2014.

    nth degree wise Posts: 1519

    Thank you. I firmly agree the office must be respected if we are to have any respect for our constitutional form of government here and around the world.

    I also stopped listening to Rush during Clinton's presidency. No really. My wife and I use to listen to him on the way to work and even went to a speaking engagement of his when he worked in Sacramento. He had a great sense of humor which cracked us up. We didn't always agree with him but he was like a conservative friend. You appreciate the person even if you don't agree with his politics. The best man at my wedding was a stanch republican.

    However when Clinton was elected Rush took it upon himself to be the main Clinton detractor. Now we liked Clinton which is like having two friends that don't like each other. When one friend starts saying things against another friend you feel are unwarranted you move away from that friend. Like two people you know getting a divorce you try to stay neutral until one becomes nasty.

    From there Rush went on to become conservative spokesman in chief and spawned a whole industry of angry conservative speakers. Now Rush is just the angry guy you listen to for a dose of pure BP elevating anger. I'd been down this road before in the 60's when it was the left doing the anger speech which started as anti-war but morphed into bring down the government either by politics or by force. It was as unsettling then as it is now. Its like saying this grand experiment of democracy has a chance of failing. And it would be because some were too selfish to recognize we are all Americans. And yes the money grabbers want to perpetuate this antagonism and obfuscate real problems with red herring issues.

    BTW I remained a steady listener to Tom Sullivan for a long time after turning off Rush. However when Tom went back east with Rush he jumped on the angry conservative bandwagon and I had to turn him off as well.

     
  • Kevin Paglia posted at 5:31 pm on Sun, Aug 10, 2014.

    Kevin Paglia Posts: 2027

    Actually I am. The same reason i stopped Listening to Rush during Clinton's administration. Even though I disagree with the PERSON in the office of President, I firmly believe the OFFICE of the President must be respected. And by openly mocking as these two "filmmakers" have, as Rush does, as Rachel Maddow does, then nothing but hatred is spread. It pits one side against the other, creates a Us verses Them mentality.

    Of course I also believe there are those in power that WANT the public fighting with themselves so they lose sight of the manipulations the power-seekers engage in.

     
  • Christina Welch posted at 1:42 am on Sun, Aug 10, 2014.

    Christina Welch Posts: 398

    [beam]

     
  • M. Doyle posted at 12:31 pm on Sat, Aug 9, 2014.

    M Doyle Posts: 146

    Are you outraged that yet another filmmaker is mocking yet another American president?

     
  • Thomas Heuer posted at 11:28 am on Sat, Aug 9, 2014.

    nth degree wise Posts: 1519

    So I guess my question still stands;
    Three things done by Bush alone singles him out for special criticism;

    Bush approved the use of torture. Need I say more?
    Bush invaded a country (Iraq) with intentional lies for no apparent reason.
    He gave huge tax breaks to the rich prior to going to war contributing to the economic downfall of the country. And then hid the cost of the war outside the budget.

    These are not distortions of facts or political potshots toward G Bush #43.

    There are no comparable actions by Obama to warrant the extreme vitriolic levels of criticism he (Obama) has received based solely on politics (if not racism) because it is definitely not based on anything you can call "wrong doing" beyond political policy. Not comparable to the "wrong doings" Bush.

    For the "its all equal or its both sides doing the same politics" poster's what has Obama done to compare with the horrendous actions of G Bush #43? Actions that tarnished our "exceptionalism" image around the world and for years after. And as long as conservatives hold on to Guantanimo we will be hard pressed, in the worlds opinion, to claim our "exceptionalism". And to those that say they don't care about the worlds opinion, well welcome to G Bushes world that made such a mess we are still suffering fom.

     
  • Kevin Paglia posted at 9:33 am on Sat, Aug 9, 2014.

    Kevin Paglia Posts: 2027

    My mistake to all. When it was said "of person from my country India make" I assumed that the commentator MEANT it was a person from the country of India. My mistake for reading what was written

     
  • M. Doyle posted at 9:45 pm on Fri, Aug 8, 2014.

    M Doyle Posts: 146

    ???????
    Dinesh D'Sousa is an American. His film is an American film made on American soil which is a hit piece mocking an American president, Barak Obama.

     
  • Jien Kaur posted at 3:38 pm on Fri, Aug 8, 2014.

    Jien Kaur Posts: 181

    Perhaps you not understand Mr Paglia - sorry I need explain to you - Dinesh D'Souza is American citizen for many years who work for very conservative companys like the Heritage and the Hoover and the American Enterprise. Not 'obscure' like you say. His movie is very well watch here in America and many conservatives go see it and agree with it. It make more over 40 million United States dollars.

    Happy to see you make one opinion of the people of India. True - I work with many oppressed women - I know terrible the conditions many of the times - but you comment is very not well thought and seem to base of race and culture.

    How do explain many tea party protest in where Americans make mock of the Obama like a Hitler or clown face and also put in tree like be execution? Where you out rage for that of the behavior? You seem have much hate and anger. You require to calm down and do the rational thought.

     
  • Eric Barrow posted at 2:20 pm on Fri, Aug 8, 2014.

    Eric Barrow Posts: 1534

    Funny Christina, mine has a picture of Bush and says "will work for billionaires".

     
  • Eric Barrow posted at 2:00 pm on Fri, Aug 8, 2014.

    Eric Barrow Posts: 1534


    Dinesh D'Souza's movie Obama's America 2016 grossed 33 million dollars in the United States it was hailed over and over by Limbo who encouraged parents to take their children to it. I suppose the pill popper wanted children to join in the mocking and attempted destruction of the President of the United States. It was not so obscure.
    W. on the other hand grossed 25 million dollars and again it was not a Roger Moore movie it was produced by Oliver Stone

     
  • Thomas Heuer posted at 1:47 pm on Fri, Aug 8, 2014.

    nth degree wise Posts: 1519

    Mr Paglia
    Your direct sources of information are letting you down.
    From Wikipedia
    "Dinesh Joseph D'Souza (Konkani: दिनेश जोसफ डिसूज़ा; born April 25, 1961) is an Indian-American political commentator, filmmaker, and author. D'Souza is affiliated with a number of conservative organizations and publications, including the American Enterprise Institute, the Heritage Foundation, the Hoover Institution, and Policy Review.[3] He also served as a policy adviser to President Ronald Reagan and, during 2010–2012, as president of The King's College, a small Christian school in New York City.[4][5]"

    Hope you didn't miss the word - American

    Now you mention Michael Moore but I don't know in what context. There is a whole industry of Obama mocking. But those are conservatives so you give their mocking a pass I'm sure.

     
  • Kevin Paglia posted at 12:58 pm on Fri, Aug 8, 2014.

    Kevin Paglia Posts: 2027

    So sorry you deliberately misunderstand my comments. I don't care what an obscure film maker in a different country does. Especially one from India where the disrespect and maltreatment of women is common, feeding into more and more violence being poured out on innocent women by the men of India.

    Michael Moore is an AMERICAN mocking the AMERICAN president. The Effigies I mentioned were done IN America. They also took place outside the US but I don;t care what they (other countries) do. there is always going to be countries that hate us. BUT to have citizens IN and OF America mock the president is intolerable... Well, I guess only intolerable if it is a Democrat president, if it is a Republican president, then all is fair.

     
  • Mike Adams posted at 6:46 pm on Thu, Aug 7, 2014.

    Mike Adams Posts: 1399

    "W" wasn't a documentary. It was a movie based on historical facts of the life of GW Bush. It was released during the last 3 months of W's presidency. It was also directed by Oliver Stone, not Michael Moore.

    "2016" was nothing more than clips of Obama saying something, and then conservative commentators attempting to tie Obama's statements with the intent of proving at least the following:
    Obama was not born in the US
    Obama is a Muslim
    Obama's father was a communist
    Other lessor claims
    Now all of these claims have been debunked.
    "2016" can be considered a documentary since it included commentary on claims made by conservative individuals.

    And to draw comparison (and prove the ultimate intent of the two movies): "2016" was released prior to the 2012 election with the obvious intent of reducing President Obama's chances of winning re-election. It was entirely "anti-Obama". "W" on the other hand was mostly a collection of true historical incidents involving W. You may say they are "anti-bush", but liberals didn't direct the things that W was involved in in the film. If Bush appears to be dumb, it's because Bush did a lot of dumb things, most far funnier than anything Obama did.

    And I didn't say all republicans "all speak from the same playbook", in fact my statements point out that the GOP is dying as a result of infighting, mostly because of the more conservative tea baggers influence on media and events over party traditionalists. At the same time, the GOP has lost many minority voters and party members because of the GOP's recent history in almost every social and political realms. Face it, minorities in the USA don't find anything the in the 'GOP that they want. If anything, the GOP has driven away many potential voters that are minorities.

    I've asked this before: why do cons and republicans blame Democrats and liberals for the fact that they (republicans) can't develop candidates that can win elections? The GOP is in the position it finds itself in not because of some very good movies/documentaries by Michael Moore making fun of W, or because of Bill Maher or Stephan Colbert cable television shows. The GOP put the GOP in it's current condition, no one else.

    And W burned in effigy? How about the monkey splashing cymbols or making President Obama look like adolf Hitler? Michelle Obama is actually a man??? And maybe you should talk to Sheriff Joe Arpaoe (?) about his continued vendetta "proving" Obama is not a US citizen. With wonderful spokesmen like Arpaoe, the dems just have to sit back and welcome millions of new members to their party.

     
  • Thomas Heuer posted at 12:42 pm on Thu, Aug 7, 2014.

    nth degree wise Posts: 1519

    "W" was not Michael Moore, it was Oliver Stone. And Dinesh DeSousa did a real hit piece on Obama. "W" wasn't a hit piece it was a humorous look at G Bushes life. It wasn't hateful like DeSousas "Obama". There wasn't a large outcry, at least not as loud as it should have been.

    And I'm sorry you must be pretty young to not know the difference the word "lynching" has historically speaking.

    And the W keys in computers, wasn't that a hoax that never happened? I could be wrong. But really that is simple prank. What is your point? Are you still sitting on that fence trying to make equitable what is happening to Obama somehow equal to what happened to Bush? Bush OK'd torture. Bush invaded Iraq causing death and destruction. Bush contributed to the crippling of our economy. I ask again what is your Obama comparison to that?

     
  • Thomas Heuer posted at 12:05 pm on Thu, Aug 7, 2014.

    nth degree wise Posts: 1519

    "FORCING Obamacare?"
    Lets see I think that comes under the heading we got something done long over due. It was not necessarily what liberals wanted (single payer) but for the sake of appeasing conservatives, who had already decided they were going to oppose anything (see Ms Neely's comments) actually used conservative ideas for healthcare (Heritage Foundation) they dreamed up during Clinton's terms.

    See this is the way it is for conservatives. If you do something your criticized for ramming something through. If you say OK we'll wait for conservatives to come around. Sorry we've been through that waiting game through several administrations. So now if we don't do anything then the president is criticized again for not doing something and letting so many people continue to use hospital emergency rooms, driving up the cost of health care and our insurance premiums bankrupting the country. Its a no win game but that's the conservatives game for Obama.

    And I'm not even sure what is meant by "...by exempting large groups for their vote/support...". You mean small business? You're joking.

    "...this whole illegal immigration flood gate that Obama is opening..."
    Again it's Obama's fault. This is a long standing issue through several administrations. The Border has never been tighter. The president has been referred to as the "deporter in chief". Why because he has been enforcing "the laws on the books" as conservatives demanded but the immigration issues remain unresolved and conservatives hope the president is criticized again for doing his job enforcing outdated immigration laws. Like voter ID laws conservatives dreamed up to restrict minority voters, they hope Obama enforcing outdated immigration laws will deter even more minority votes. Cheap politics.

    And the idea that the immigration crisis is Obama "opening "FLOOD GATES" really is disingenuous hyperbole. If there is a flood gate it was already there and it has been steadily shorn up by Obama with increased Border officers and technology. And to now say the children are some sort of plot hatched by Obama for political purposes is as cold hearted as conservatives can be. You know when someone asked during the GOP primary what to do about people coming to hospitals without insurance? The response was, "Let em die! Isn't that special.

     
  • Christina Welch posted at 11:38 am on Thu, Aug 7, 2014.

    Christina Welch Posts: 398

    [thumbup] Kevin. Neither side is innocent in all this. I remember the hatred toward Bush, too. I still have my magnet : "The Bush Doctrine: Speak Incoherently and hit someone with a stick." [wink]

     
  • Eric Barrow posted at 11:24 am on Thu, Aug 7, 2014.

    Eric Barrow Posts: 1534

    I don't see how both houses of congress passing a bill is FORCING anything and according to Homeland Security there has been roughly the same amount of illegal immigrants in this country since 2005 they also state that the number of illegal immigrants in this country peaked in 2007. So the way Dems are benefiting is probably due to the treatment of illegals and if treating people with respect gains votes maybe repubs should try it.

    http://www.dhs.gov/sites/default/files/publications/ois_ill_pe_2012_2.pdf

     
  • Jien Kaur posted at 11:14 am on Thu, Aug 7, 2014.

    Jien Kaur Posts: 181

    Forcing the Obama care through. My history lessons for citizenship give good picture of laws that need force such as the equal rights for the negro and other minoritys. Sometime the force is a use that needs done to progress and stay equal with countrys that have the freedom like the United States of America.

     
  • Jien Kaur posted at 11:10 am on Thu, Aug 7, 2014.

    Jien Kaur Posts: 181

    The Mr Paglia made comment - 'Remember his "documentary" "W"? Imagine the OUTRAGE if a conservative film maker had done the equal treatment to Obama?'

    Perhaps the Mr Paglia need to view movies that to shame of person from my country India make. One is named 2016 Obama's America that film maker author Dinesh D'Souza and make very bad comments about the president Obama. You Mr Palia should do the google search to learn that you make false comment.

     
  • Kevin Paglia posted at 9:44 am on Thu, Aug 7, 2014.

    Kevin Paglia Posts: 2027

    *MY* Party is the Libertarian party, mostly.

    You don't remember the anger aimed at Bush. One name Michael Moore. Remember his "documentary" "W"? Imagine the OUTRAGE if a conservative film maker had done the equal treatment to Obama? There would have been a public lynching in the street.

    Speaking of which do you not remember people hanging Bush in Effigy? I haven't seen that with Obama. http://www.cbc.ca/news/world/pants-on-fire-bush-effigy-tours-the-u-s-1.495126

    What about the Clinton staffers taking the "W''s from the keyboards out of spite?

    You say Republicans all speak from the same playbook, the Dems are the exact same way. But since you buy what they say, you have no issue with it.

    The ONLY thing the two parties have been successful in doing the past many years is create a bigger and bigger divide in the country. Neither of the parties are "for the people" any more. They are both in it ONLY for the power they can get.

     
  • Kevin Paglia posted at 9:30 am on Thu, Aug 7, 2014.

    Kevin Paglia Posts: 2027

    You don't think FORCING Obamacare through, saying read it after you pass it (ok that was one of his lackeys) or passing Obamacare by exempting large groups for their vote/support warrants criticism?

    What about this whole illegal immigration flood gate that Obama is opening to get more votes for the Democrat party?

    Just because the scandals that are plaguing Obama aren't fully played out doesn't make them any less important.

     
  • Mike Adams posted at 8:17 pm on Wed, Aug 6, 2014.

    Mike Adams Posts: 1399

    And Kevin, please don't take any of this personally. You are generally a good, decent participant, unlike some of the others from the wrong side, and we agree on many things.

    I think we're just tired of being blamed for what we do when those complaining and in a position to do something different don't do it just to fulfill bloated rush limbaugh's wish that Obama (and the country) "fail". Yeah.... that's a good American, hoping your country fails. Somethin' to be proud of and tell your kids about.

     
  • Mike Adams posted at 8:13 pm on Wed, Aug 6, 2014.

    Mike Adams Posts: 1399

    You know Kevin, I just don't remember the bile and anger that has been directed at President Obama (and Hillary Clinton, Bill Clinton, Al Gore) at the same level and pace as that of G. W. Bush. I'm sure there was some, I mean come on, it's not like America was prospering in 2008 (when the unemployment figures were actually through the roof no matter what number you used). I know it's become common here, as well as other con sites to complain about how MSNBC and the "lame stream media" picked on poor W, but I think that is just revisionist thinking and a way by cons to legitimize their incredibly poor etiquite and behavior of President Obama. Really, how many times did democrats ever yell at W, or HW or Ron that they lied during the state of the union speech? Or questioned the religion of any of the former? Or submitted on a continual basis, the premiss that any of former weren't American citizens? Personally, I think you guys say you watch too much of the Daily Show or Bill Mauer and attribute remarks you've made up to them since you know liberals are too busy working and earning a living to spend time watching cable TV shows.

    And Democrats didn't pick the mascot of the republican party. Yes ours is an ass but if you mate it with a horse you get a mule. If you mate an elephant with a horse you get laughed at. And then they take your animals away from you. And then you can blame PETA and the ASPCA and Stephan Cobert.

    I've learned over the years that cons really have no debate and discussion skills. All they do is repeat (from their long, long memory) little catchy phrases from bygone eras ("tax and spend', 'campaigner in chief", etc). It's like every con commentator is reading from some code book.

    To sum it all up: republicans...speak in simple code that no one understands and at the same exact time, conveys no information to anyone (here's the long memory bit), then if asked what they would do (the "vision"), they blabber on continually about Obama being a Muslim. No vision. Think of all those little children being forced to sneak in to the US as the mice. Every one of them sneaking in drugs or weapons or plans to steal all the lawn mowing jobs that keep myopic republicans in jobs like working in a tire store, marking their calendars for the next tea party meeting.

    And, your grand old party is dying.

     
  • Thomas Heuer posted at 8:00 pm on Wed, Aug 6, 2014.

    nth degree wise Posts: 1519

    Mr Paglia
    Republicans keep making up stuff to find fault with Obama. They exaggerate everything about Obama's actions or statements or take out of context statements he's made and hypocritically find fault with actions or decisions Obama has made which previously were made by republicans in previous administrations. This is not an, Oh its done by both parties. No. Party politics have low points like "swift boating" but what is happening here is crippling the whole country.

    Three things done by Bush alone singles him out for special criticism;

    Bush approved the use of torture. Need I say more?
    Bush invaded a country (Iraq) with intentional lies for no apparent reason.
    He gave huge tax breaks to the rich prior to going to war contributing to the economic downfall of the country. And then hid the cost of the war outside the budget.

    These are not distortions of facts or political potshots toward G Bush #43.

    There are no comparable actions by Obama to warrant the extreme vitriolic levels of criticism he has received based solely on politics (if not racism) because it is definitely not based on anything you can call "wrong doing" beyond political policy. Not comparable to the "wrong doings" Bush.

     
  • Thomas Heuer posted at 5:14 pm on Wed, Aug 6, 2014.

    nth degree wise Posts: 1519

    Again we have a case of someone anxious to say Obama is a failed president when the truth is quite the opposite. As others here have already pointed out all of the LTE allegations (made without any support) have no basis or worse appear to be JOKES. All I'm sure come from Fox cable commentary or Tea Bagger propaganda (I get at least 3 of their emails everyday giving a salacious inaccurate headline then a request for money). Apparently some people still believe the garbage.

    Mr Coleman asks,,banks are "holding on to their money. How is this helping anybody?" Again is this a joke? Can someone tell Mr Coleman the bank is holding on to HIS money as well and what a great thing that is compared to 2008.

    And additionally to his the retired are still working because "...their retirement savings have disappeared..." BECAUSE the banks WEREN'T holding on to OUR money.

    Mr Coleman also complains "More workers hold advanced degrees." MORE WORKERS, mind you, are holding advanced DEGREES. And in the next breath he says "...so many college graduates have to move back in with mom and dad BECAUSE THERE ARE NO JOBS." So which is it? Too many degrees hired or too few hired? This is where some facts and statistics could really clean this up a bit.

    And the same tired argument well the unemployment number isn't the real number. Its NEVER the real number but it is the comparative number from month to month. It seldom includes the people who quit looking for work nor the people who leave and become self employed taking up landscape maintenance, carpet cleaning, tax preparers, handymen/women, care takers of all sorts, real estate moguls, etc.

    As already pointed out the economic downfall effected things extraordinarily and now drought is surely going to take its toll on us. Things are getting better but that's bad news for the Fox commentators and Tea Party fund raisers. They MUST FIND things wrong to keep in business. There are real issues of the economy but Mr Coleman hasn't touched on any of them nor are any of them relateable to the president.

     
  • Kevin Paglia posted at 3:14 pm on Wed, Aug 6, 2014.

    Kevin Paglia Posts: 2027

    Do you really think s smelly donkey that has to be bribed (carrot on a stick) before it does anything useful is a better choice for a mascot?

    And when Bush was in office the Democrats were doing the exact same thing, finding things to complain about that he did. WHY is it ok for your fellow Liberals to complain about the republican president, but when republicans complain about a Democrat president, they are being unreasonable?

     
  • Mike Adams posted at 2:11 pm on Wed, Aug 6, 2014.

    Mike Adams Posts: 1399

    Typical con spin on a good thing. Do they wake up each morning wondering about new things to complain about and blame on President Obama?

    It's no wonder the party is dying.... never say anything good about anything.

    Maybe their selection of "mascot" should tell us something: A larger animal with a great memory but terrible vision. And is easily scared by a mouse.

     
  • Eric Barrow posted at 9:44 am on Wed, Aug 6, 2014.

    Eric Barrow Posts: 1534

    The U 6 unemployment rate is higher than the U3 rate that is normally reported but it to is trending downward; it shot up in 2008 and has been steadily coming down since. Gas prices are reported by CNN Money as the lowest in four years and while beef prices and other groceries have increased it has more to do with the drought than the economy. Yes the stock market is looking good due to the Feds shoring it up, it’s called Keynesian economics and it appears to be working. It seems the letter writer wants to put a negative spin on current affairs unlike most of the country, measured by the Consumer Confidence Index, which has been steadily increasing.

     
  • Kevin Paglia posted at 7:18 am on Wed, Aug 6, 2014.

    Kevin Paglia Posts: 2027

    Sorry, But your "Fewer people are spending on credit. Perhaps it’s because they don’t have any money to spend" IS A GOOD thing

    More people NOT creating more debt for themselves is a great thing for the American economy. Debt destroys spending ability. Debt gives banks and such more money, and banks are evil (right? Isn't that what we have been hearing since Bush?)

    In our house we have destroyed all but the largest debt, the house. Even car/motorcycle loans only last a few months.

     

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