Jun
19
Written by:
Russ Henke
6/19/2008 5:12 PM
The latest the
AP-Ipsos survey results are just in, measured in mid-June.
And guess what! More Americans than ever say the country is going in the wrong direction! Seventy six percent (76%) now say the country is definitely on the wrong track. That's up from 71% in April and 66% near the end of 2007.
Some 17% still (inexplicably) insist that the country is going in the right direction. That’s the lowest percentage of die-hards ever recorded by the survey.
The overall level of US pessimism is the worst in almost 30 years, worse than Bush 43’s first recession, worse than Bush 41’s recession, and worse than Reagan’s economic dips. Consumer confidence alone is now the lowest it’s been in 28 years. Most blame the current rising food and gas prices, falling home values and unending war.
Imagine that! Asked about Bush 43’s handling of the US economy, 72% said they disapproved.
"For the average American, everything's going wrong. I think there's a lot of reasons for households to be pessimistic," said Mark Zandi, chief economist of Moody's Economy.com.
4 comment(s) so far...
Re: Just in time for the 2008 Summer Solstice
what time is the solstice
By eli hawke on
6/20/2008 4:39 AM
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Re: Just in time for the 2008 Summer Solstice
This year's Summer Solstice occurs on June 20 at 11:59 PM (23:59) Universal Time Coordinated (Greenwich, England).
By Russ Henke on
6/20/2008 5:23 AM
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FINAL COMMENTS ON Q2 2008 DOLDRUMS
Crude oil for August 2008 delivery rose as high as $142.99 a barrel on the New York Mercantile Exchange on June 27, 2008 before settling at a record $140.21.
A 155-point slide on June 27 brought the DJIA down to 20% below its October 2007 peak, marking the unofficial start of a bear market. The index ended down 107 points.
During Q2 2008, not a single company backed by venture capitalists has gone public, the first time that has happened since 1978.
By Russ Henke on
6/28/2008 6:54 AM
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Re: Just in time for the 2008 Summer Solstice - July 3 update
US employers cut payrolls by 62,000 in June 2008, the sixth straight month of nationwide job losses.
US job losses in both April and May 2008 turned out to be considerably deeper than had been previously reported. Payrolls dropped by 67,000 in April, versus 28,000; also losses in May came to 62,000, rather than the 49,000 initially reported.
So far in 2008, the US economy has lost a total of 438,00 jobs, an average of 73,000 a month.
Oil prices on July 02 neared $146 a barrel for the first time, while gasoline prices hovered above $4 a gallon of regular.
By Russ Henke on
7/3/2008 6:34 AM
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