Today we learned the consumer confidence number fell nearly ten points since last month.
It's not hard to figure why. The unemployment number for May showed a dismal growth of just 41,000 in American civilian jobs. And people got the word.
All this -- the bad June unemployment number expected Friday, the bad consumer confidence number, the drop in the Dow -- working together, and we're looking at the plausibility of that "second dip" we've been warned about.
I hear this all has the folks in the White House looking past a big defeat in November to what they can do going into 2012.
It's a brutal conundrum. Countries in Europe just made clear at the G-20 that they're in no mood to boost spending to create markets for American goods. They're tightening their belts, trying their best not be accused of doing what Greece did (living beyond their means). So we've got everybody in the world cutting back -- and what's that do to the prospect of an economic expansion? It kills it!
If you're looking for good news, I have one suggestion. Stop listening to Europe, stop listening to the conservatives, do what has worked in the past.
What got us out of the Great Depression was production: massive industrial production to support the allies in World War Two.
We need production for this country now. We need to build rapid rail to catch up to those allies from World War Two. France has the TGV. China is building its rapid rail system. It's time we joined the movement. We need to go back to the future and become a country that builds things. It'll create jobs. It'll catch us up to the rest of the world. It'll cut our reliance on oil. It'll give us hope you can believe in.
Look, Lincoln built the continental railroads even in the midst of the Civil War. Ike built the inter-state highway system in the supposedly do-nothing Fifties.
President Obama... Just do it!
Visit msnbc.com for breaking news, world news, and news about the economy
And how far is your commute everyday?
Ahh "free" market unrestricted capitalism--where will it take us next?---just can't wait---better than B class movies but not as good as watching the Sunday choir leaders face after he passed gas instead of waving his baton.
Life form 499220.99 from Contestmazuter Galaxy substation 440022 was dead right when he said in Intergalaxy News last week that, and I Quote: "IS THIS PLACE CALLED EARTH A JOKE OR WHAT?"â€
http://www.youtube.com/watch?v=IPduAYKk_6I
French maglev trains R&D ("whooosh"):--
http://www.youtube.com/watch?v=Layg7NpyTes
How does it feel like on a highspeed train (at over 200 mph)?:--
http://www.youtube.com/watch?v=FVWYRaB8-fw
Highspeed trains around the world . . . except in USA:--
http://www.youtube.com/watch?v=FTn7d4KJqx8
CNN report on highspeed trains in China:--
$8 billion from Washington? China is investing $360 billion on highspeed trains.
http://www.youtube.com/watch?v=lXbR_Ybwwvk
Rachel Maddow on highspeed trains:--
http://www.youtube.com/watch?v=iCI7IgO0vdw
Is your heart beating faster watching these worldwide developments?
1 kilometer = 0.6213 miles
1 mile = 1.6093 kilometer
Kilometer to miles calculator:--
http://www.metric-conversions.org/
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2. Chris needs to learn to do research before opening his mouth.
3. Chris needs to get over himself because his navel is not the center of the universe.
An article dated April 16, 2009 that is a recap of a speech the President gave.
http://edition.cnn.com/2009/POLITICS/04/16/obama.rail/
The president's plan identifies 10 potential high-speed intercity corridors for federal funding, including California, the Pacific Northwest, the Midwest, the Southeast, the Gulf Coast, Pennsylvania, Florida, New York and New England.
His plan would be funded in part through the recently passed $787 billion stimulus plan, which includes a total of $8 billion for improvements in rail service. Obama has also proposed a separate five-year, $5 billion investment in high-speed rail as part of the administration's suggested fiscal year 2010 budget.
During the 2008 presidential campaign, Obama pledged to support a national network of faster passenger trains. The administration has already dedicated $1.3 billion in federal funding for Amtrak.
Here in Florida we received our grant on January 28, 2010.
Then yesterday in Tampa he outlined where $8 billion in grants will go: A Tampa-Orlando-Miami route in Florida is first up, with projects in California, Illinois and elsewhere to follow.
http://www.worldhum.com/travel-blog/item/president-obama-high-speed-rail-plans-20100129/
Here are just a few of the reasons why highspeed rail in the U.S. wouldn't be practical at this time: The EPA, The Sierra Club, The Endangered Species Act, The Jones Act, State Legislatures, local municipalities, The U.S. Congress, and OSHA just to name a few. The land grab alone would be a logistical nightmare not to mention the NIMBY groups created by it. I would love to see a liberal vs. liberal fight, but I doubt this idea ever gets off the ground. Try again Chris, you've still got a few months to come up with something.
I suppose that is the definition of a "conservative". A conservative dreams of what once was. A progressive dreams of what can be.
A progressive is someone who DOES NOT care what happens to people NOW but who envisions a world without oil, crime, racism, global warming etc. .
If rails were meant for America, we would already have one; HAVE YOU HEARD OF AMTRAK??
Yes your right, I'm a dreamer. I'm what's called a "progressive". Go ahead and demonize me. You see I believe in what America can be rather than what America once was. Your absolutely correct, I'm neither a "tea bagger" or a "conservative".