McCain has been clear in explaining his support of the Bush administration's handling of the economy. Yet despite the obvious ongoing and deeply entrenched economic downturn, McCain is rising in the polls.
There are several explanations for McCain's rise which range from one or a combination of several notions - Obama is allegedly unprepared for the job, unspoken racism handicaps America, and a fear that Obama will be less militaristic and consequently appease the enemy.
Reuters: Auto sales to decline in August: report
U.S. auto makers are expected to report big declines in August domestic sales despite stepped-up incentives...CNN: Gloom hangs over Wall Street
U.S. auto sales had plunged to a 16-year-low in July, led by a 27 percent drop at General Motors, as high gas prices and tight credit sent the industry into a tailspin.
Worries about the deepening credit crisis and higher oil prices weighed on U.S. stock futures early Monday.
About three hours before the start of trading, Nasdaq and S&P futures were lower and suggesting a negative open for Wall Street.
3 comments:
Talk about a disconnect. I was reading the Wall Street journal at a friends summer home the other day... Notice people who can afford summer homes also can afford to buy the WS Journal. What caught my eye were all the car ads for SUVS! That's right SUVS, as if nothing had changed. Itb was a stark reminder to me that America is now a two class society. The so called middle class is officially dead for the most part. Welcome back to the America of the early 20th century not the early 21st. 40+ yrs. of Republican economic policies has in essence re-created the wealth distribution of the gilded age.
Isn't this the Republican model though. They recreated what they wanted. Now they can cleanse us of our sins, give us religion, a good hearty meal, a nice bleached white shirt, and a strict teacher in bible studies.
Can you say, yes master?
Yes, massa!!
Post a Comment