Retail spending over the Christmas holidays was very “off” in 2008 and a recent AP-GfK poll shows that 93% of Americans are planning to spend much less or about the same as last year. This seems to be due to a lack of credit, high unemployment and under-employment, and fears about the massive national debt and what it will do to America.
COMMENTS:
Although the stock market is up, it will probably plunge in January as major retailers and manufacturers cut more jobs or go out of business altogether. I’m sorry, but I can’t seem to get past the gloom and Washington is not giving us the straight scoop about anything.
TODAY’S QUERIES & ANSWERS:
Q. The news yesterday is that Major Hasan may plead insanity in the Fort Hood Killings. It seems to me that the insanity defense is sure used a lot. (Prentice – Savannah, GA)
A. If you use a gun in the commission of a crime, you surely must be insane, right?
Q. I was reading about a guy who was supposedly in a coma for 23 years and they just discovered that he was quite aware, but totally paralyzed after an accident. I wonder how many other people are in the same circumstances. (Blanche – Marion, IL)
A. There’s about 500 of them in real comas on Capitol Hill in Washington, D.C.
Q. What’s with all of the student demonstrations in California? (Lana – Cloverdale, CA)
A. The state is virtually bankrupt. For decades, it has operated under the “tax and spend” philosophy. In this economic climate, people and businesses are leaving the state in droves and no one is willing to step up to the plate and do what needs to be done. The University system can’t operate unless it raises tuition. Students can’t afford higher tuition. Frankly, the only real solution is to shrink some campuses and close others to cut expenses, but no one wants to bite that bullet.
TODAY’S QUOTE:
“We need to raise the standard of living of our poor, unemployed and minorities For example, we have an estimated 12 million illegal immigrants in our country who need our help along with millions of unemployed minorities. Stock market windfall profits taxes could go a long way to guarantee these people the standard of living they would like to have as Americans.” ~ Nancy Pelosi
TODAY’S VIDEO:
http://www.youtube.com/watch?v=b3M2OGpWojs
THE OBAMA TRIALS - DAY 11:
The 9/11 terrorists are switching their pleas from guilty to innocent, reportedly so that they can use their trials as stages for spreading their messages, something Holder promised would never happen.
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