<p>Still waiting for my recession that the Democrats said so LOUDLY that we are in. Current anuual forecast is small positive growth. Not a great year but not a disaster which is pretty good considering how Wall Street screwed up Bigtime, again. Plus the oil issues the entire world faces.</p>
<p>Being in NY, I wonder if my perspective isn’t a little skewed with regard to the recession. We’re taking a beating here. Goldman is writing down 50% of its profits, as is another house (too lazy to look it up, but it’s not a client). I’m hoping the economy as a whole can keep on chugging, but I would say from my New York-centric POV, that there be a recession here. As far as Rush on the cartoon, that part I just didn’t buy. I do think that’s a bit of a liberal fantasy, no offense to anyone.</p>
<p>People still thinking that the US president somehow can control our economy. Now that’s funny.</p>
<p>Not a lot of people laughing.</p>
<p>I don’t think anyone person “controls” it, but don’t you think that the strategies employed by those working for the president & the policy of the administration strongly influences the economic health of the country?</p>
Yeah, but there hasn’t really been any policy that Bush has done which has affected our economy in such an overt way.</p>
<p>The credit & housing bubble were not caused by GWB, nor should he have been expected to fix it. The energy problems are not caused by GWB, nor should he be expected to fix it.</p>
<p>Yeah, I’ll continue to laugh over people who think GWB has made our economy bad. The person in charge of our economy is the US citizen, and that person certainly has screwed up for the last 10 or so years.</p>
<p>I saw a picture in newspaper couple months ago, wish I had saved it. It was 2 photos, really. On the left were U.S. autoworkers leaving the plant after notice of imminent permanent closing. the caption was “why me?”. Side 2 of the pic was the employees parking lot, and the paper had circled every foreign car. There were plenty.</p>
<p>NEW YORK (AP) – As the American economy slowed to a crawl and stockholders watched their money evaporate, CEO pay still chugged to yet more dizzying heights last year, an Associated Press analysis shows.</p>
<p>The AP review of compensation for the heads of companies in the Standard & Poor’s 500 index finds the median pay package added up to nearly $8.4 million. That’s a comfortable gain of about $280,000 from 2006.</p>