moonbattery.gif


« New York Observer Helps Out Al Qaeda | Main | Illegal Aliens Continue Converting NYC's Northern Suburbs into a Sewer »


January 31, 2008

CNN Tells Grim Tale of Economic Hardship

As America plunges headlong into recession, times are getting tough. Business & Media Institute describes a heartwrenching CNN report that aired yesterday:

"Veronica McNeil has two kids," said CNN correspondent Alina Cho. "She recently lost her job. Her husband's an iron worker and the family is feeling the pinch."
While McNeil was introduced as struggling financially, she then announced that for the right price she'd buy an unnecessary high-ticket item.
"If I'm here to buy baby stuff and I see a TV at a good sale price, I'll grab it," McNeil said.
Cho pointed toward "rising gas and home heating oil prices and Americans losing their homes" for money being "tight." Unfortunately, Cho entirely missed the personal responsibility angle — if there is something you can't afford, don't buy it.
Cho also cited another shopper who complained "it seems like everything I buy is a little more expensive today than it was yesterday." Still, the man was willing to splurge on a "big TV for the Giants game" because he's a fan of the team.
"So everybody agrees that we're all feeling the pinch, but the Super Bowl gets a pass," said Cho. "Please excuse the pun."

Poverty must be completely out of control if people have to "feel the pinch" while they're buying basic necessities like oversized televisions to watch the Super Bowl. Where's John Edwards when you need him?

flat-screen-TV.jpg
Some are forced to choose between new TVs and vacations in the South of France.

Hat tip: NewsBusters, on a tip from Cheetah.

Posted by Van Helsing at January 31, 2008 10:30 AM

Comments

I read recently that Americans spend $2.6 billion a year on scrapbooking.

A country that spends $2.6 billion on scrapbooking probably deserves a recession.

Posted by: V the K at January 31, 2008 11:25 AM

"Where's John Edwards when you need him?"

Deciding whether he would rather be HillBilly`s VP or Obama`s AG.

Posted by: teqjack at January 31, 2008 11:47 AM

"A country that spends $2.6 billion on scrapbooking probably deserves a recession."

Thank you.

The question remains, however...what does a government that spends $275 million on a failed war deserve?

Posted by: hashfanatic at January 31, 2008 12:40 PM

Hash, you hit the nail on the head, though you have no clue as to what point you just made.

One hint, the anti-war stab was not on the money.

Let the cloud of smoke clear...........you'll figure it out. I have faith in you.

Posted by: Oiao at January 31, 2008 1:30 PM

Is it just me, or is the interminable whining about a potential, possible recession getting really grating? WTF would be so bad about having a recession? Is it now the expectation and demand that our economy will grow like gangbusters every day until the end of time? Recessions clean house - give new industries a chance to find their footing, get old sectors or companies to reexamine whether they're competitive enough and what they need to do differently, get workers to move around a bit and get out of stagnant situations and into better ones, etc. etc. There is nothing wrong with an economic slowdown. People talk about it like it's the bubonic plague, and it hasn't even happened yet.

I suspect it's because everyone is into so much f'ing debt up to their eyeballs, and smart folks get it that a credit card economy requires an ever-accelerating spend-spend-spend cycle to keep it afloat. Maybe that's why the supposed solution to people being in debt to their eyeballs is for the government to take another $150 billion of our money and give it to people to spend spend spend. Well, I have a better idea. Everyone should stop spending, pay off some of their debts, and then, after things have run their course a bit and households are back in better financial shape, resume spending, except next time, a little more carefully. Which is to say, a recession could be a very useful reset for the economy and for the many people who bought too much house and then cashed out equity they didn't have and which no longer exists to buy jet skis - the "solution" is not to give them $600, it's for them to sell the jet skis, cancel the kitchen remodeling, and learn to enjoy Netflix or something else within their means.

Posted by: mega at January 31, 2008 3:12 PM

hashfan,

"Failed War" ?

Last I checked, we haven't been victims of any attacks, we have the upper hand in Iraq and Afghanistan, and the next president regardless of party will support all efforts abroad to continue the campaign because it is politically expedient. Much to the chagrin of leftists like yourself.

Posted by: Ken at January 31, 2008 3:23 PM

HF means we have "failed" to surrender to al Qaeda.

Posted by: V the K at January 31, 2008 3:35 PM

"Last I checked, we haven't been victims of any attacks..."

That would probably be because we were not destined to have any "attacks" in the first place?

"...we have the upper hand in Iraq and Afghanistan..."

and THIS lie is particularly reprehensible on today of all days, when one of YOUR OWN stood up in Congress to report that Afghanistan is spiraling out of control....

As for Iraq, if you want to believe Yon, Roggio, and Ardolino's flat-out deceptions and parrot their paid endorsements just because the truth will cast you in a truly bitter light, there's not much further we can go with this, together...

"Much to the chagrin of leftists like yourself.."

Ken, the only "chagrin" we have is that YOU have not been targeted and successfully liquidated.

"HF means we have "failed" to surrender to al Qaeda."

V, you surrendered to "al-Qaeda" the very day you turned shabbos goy, and bought into the greatest lie ever told.

That's why you and yours represented the greatest threat to America's internal security.

Posted by: hashfanatic at January 31, 2008 4:31 PM

"Everyone should stop spending, pay off some of their debts, and then, after things have run their course a bit and households are back in better financial shape, resume spending, except next time, a little more carefully."

Mega, you would NEVER have had to explain this to paleoconservatives, the "real" real conservatives.

Conservatism is dying, and it certainly cannot be blamed on the Buchanans and Buckleys of the nation, who at least possessed common sense and some sense of loyalty.

Posted by: hashfanatic at January 31, 2008 4:34 PM

Every day Hash gets more and more desperate. He gets a look at reality and runs into his "panic room" where he shoves his fingers in his ears, screaming "IT'S NOT TRUE!!!"

Posted by: KHarn at January 31, 2008 5:04 PM

and THIS lie is particularly reprehensible on today of all days, when one of YOUR OWN stood up in Congress to report that Afghanistan is spiraling out of control....

Just ONE of our own? What about Harry Reid, Nancy Pelousy, MoveOn.org's entire roster, Code Pink, the Impeach Bush BDS crowd...

Oops, my mistake, those are all liberal surrendercrats.

I believe hash considers the liberation of Iraq failed because the US is not getting a massive profit for thir efforts. I guess he isn't a proletariat-power socialist then.

Republicans support the troops because Christians are selfless

Posted by: BUUUUURRRRNING HOT at January 31, 2008 7:09 PM

"Posted by: KHarn at January 31, 2008 5:04 PM"

Oh, you poor thing.


"I believe hash considers the liberation of Iraq failed because the US is not getting a massive profit for thir efforts. I guess he isn't a proletariat-power socialist then."

Really, Hot? You think the neocons aren't getting paid?

Ask Erik Prince how well he did last year (off the backs of dead US soldiers and the American taxpayer, that is...)

And he certainly masquerades as a Christian!


Posted by: hashfanatic at January 31, 2008 7:24 PM

Hash - gotta give you credit.

Even though you are just trolling and don't have any depth beyond Democrat/Socialist talking points, it is fun watching you make a DONKEY of yourself.

You have no class or intellect, sonny.

Posted by: Oiao at January 31, 2008 8:28 PM

I find it interesting that so many people are screaming about the horrors of recession. Tonight Hillary bleated about the current "failed administration" and the recession from an economy that hurts most Americans while only helping a few rich folks. This is laughable.

I'd like any readers to please tell me exactly how this so-called "recession" has hurt you. No spinning, please.

To be completely honest, I haven't noticed any change AT ALL except that beef and milk cost more, but I blame that on biofuel production using more corn causing the price of cattle feed to go up. And if gas prices are high, don't blame a recession. Gas prices are high because OPEC and the oil companies know they can charge more! They know the market will bear it, unfortunately.

This CNN story mentions how the woman lost her job. But it doesn't say why!!! They are "feeling the pinch". How?!?! Give us some details on this so-called "pinch", and tell us how the economy is to blame. They lose an income when she loses her job. Does she get another? How long was she out of work? How EXACTLY is her unemployment related to our so-called recession.

Any economy goes through ups and downs. Downs are part of it. And at any given time during a moderate down, or "recession", there are parts of the economy growing, even booming, while others are lagging. Unless you were trying to flip a house and got stuck holding the bag, or maybe had an honest reason to sell and couldn't find a buyer at your price, it's hard to see the average person really, REALLY being hurt.

Stocks are down, does that really affect you? Tomorrow stocks will be up again. People were hurt with a bunch of sub-prime loans....well look that term up to see that it's a sort of floating interest loan designed to pull in folks who should not have qualified, and then are stuck when the rates start equalizing. I feel sorry that some people want a house but can't afford it, but the bottom line is, they can't afford it, so giving them a fake loan didn't help anyone! Now the payments are killing them. That's not the result of a bad economy or "failed administration"!

And don't talk about outsourcing. Outsourcing is a natural outgrowth of a globalizing economy. Unless you plan on stopping all trade, passing laws preventing companies from doing business overseas, and pulling our country into an isolationist dark age, forget about it!! No laws or incentives or anti-incentives are going to prevent a company from finding cheaper labor overseas. Bush did NOT create outsourcing, he did NOT cause it to happen, and neither he nor Hillary nor Obama can stop it, period. People lost their jobs during Clinton's reign, during Reagan's, during Carter's, during Nixon's, and on and on...

This is not the 1930's, this is not the great depression. No one is suffering like the Grapes of Wrath. Today people feel put out if they can't afford a freakin' cell phone! Give me a break!!! And for every poor, hungry orphan or widow or whatever, there's plenty of help for them in the forms of charities and government programs. No one has to starve. American is richer today than it has ever been, and comparitively speaking, we are all richer than nations of the past. The poor have cell phones and cable.

And by the way, you guys need to quit feeding the trolls. They are brainless potheads. Would you have bothered even speaking to a pothead in high school? Well now that we're all adults why would you give a rats a$$ what their intellect tells them about the state our nation and the world?

The grown-ups are running the world. Let the bottom feeders get what they can, but certainly don't indulge their fantasies about mistaken superiority complexes.

Posted by: NudeGayWhalesForJesus at January 31, 2008 9:51 PM

More success in Iraq? The upper hand? stop kidding yourselves and look up the word "quagmire".

http://news.yahoo.com/s/ap/20080201/ap_on_re_mi_ea/iraq_violence

Posted by: hashfanaticFAN at February 1, 2008 3:04 AM