Is The U.S. Economy on a Solid Foundation? — by Catherine Morgan (cross-posted at Care2 Election Blog)
Bush says the economy is on a solid foundation. Really? I’m a little skeptical on this one.The jobs report came out yesterday, and sent the stock market into a tail-spin…It appears I’m not the only person skeptical about Bush’s “solid foundation”.
Wall Street fell sharply Friday after the government’s much-anticipated employment report for December showed that the economy added just 18,000 jobs and that the unemployment rate climbed to 5 percent, the highest since November 2005, from 4.7 percent.
Can our economy really be on a steady foundation? Unemployment is on the rise…
The U.S. economy edged a step closer to recession in December by producing only 18,000 new jobs, its worst performance in four years, and sending the unemployment rate to a two-year high of 5 percent, the Labor Department said Friday. – read full article
We are in a Housing and Lending Crisis…
Of the several trends boding ill for the U.S. economy in 2008, the most troubling is what’s going on in real estate, which is to say not much in sales and nothing upward in prices and property values. This is not just a housing or mortgage or market problem. It’s an economic problem, and the people who want your vote in 2008 had better have some ideas to address it. – read full article
The Dollar continues to fall and Gas prices continue to rise…
Don’t expect to see the prices drop anytime soon, either. Oil experts predict price increases will continue to rise into spring.
According to the Energy Information Administration, a statistical agency of the U.S. Department of Energy, gas prices could peak close to $4 a gallon by summer.
Personally, it seems to me that our economy is in some trouble. And, I would really like to hear the presidential candidates address these issues, and let the voters know what they plan on doing to improve our economy if elected. What do you think?
