Originally Posted by briand

...then you should use the entire thought, not just one phrase taken out of context.



The full quote is:

"You know that there's been tremendous turmoil in our financial markets and Wall St. And it is -- people are frightened by these events. Our economy, I think still -- the fundamentals of our economy are strong. But these are very, very difficult times."

Note that he's not saying (as the incomplete quote you offered, above, might infer) that we have a "fundamentally strong economy" here, but rather that the basis (fundamentals) upon which our economy is based, is solid.

When I was in high school, I came home one day to find this 'old jalopy' parked in our driveway. My dad had bought it for $1,250. It didn't look like much, but investigation proved the frame and engine were in very good shape. In other words, the fundamentals were solid... and some restoration work was required to return the vehicle to top condition. We did that work, most of it ourselves, and spent probably another $5,000 in parts and materials (all original, no reproductions), over the course of the next two years. We then spent several years trailering our fully-restored 1932 Ford Model A Sport Coupe all over the Northeast, where it took "Best of Show" or "Best in Class" at nearly every show we entered.



I'm sorry if the unsound business practices of your former banking institution caused you any trouble or anxiety. I hope you and your family are in a better situation now.

Originally Posted by penguinbait

In 2007, the average annual household income rose 1.3% to $50,233.00 according to the Census Bureau.

Imagine making 50K a year and supporting a family in this economy.

Originally Posted by penguinbait

Well contrary to the FUD that Bush tried to scare everyone with, I am just fine and had no worries ever? Lets be clear though the fundamentals of our economy are not strong. Until we change the way things are done and hold people accountable instead of handing out 700Billion dollars in bailouts with no oversight (as requested), the fundamentals of our economy will never be strong. So from my perspective its was clear, the fundamentals of our economy are not strong.

We have +6% unemployment, +8% here is Michigan. The gas prices are insane, the food prices are insane, college costs are through the roof, people can't afford healthcare, seniors have to decide between food or medicine.

Nothing about our economy is strong, unless you own and oil company.

In 2007, the average annual household income rose 1.3% to $50,233.00 according to the Census Bureau.

Imagine making 50K a year and supporting a family in this economy.

Originally Posted by Benson

Imagine that such pictures are tenuous extrapolations.

Consider that single workers each count as a separate household, and likely have lower income than most families. The low end gets weighted with these, so that average is probably a good deal different from the average income of households that are "supporting a family". Not trying to argue how good or bad the economy's fundamentals are, but that statistic doesn't translate to the picture you're trying to paint.

Originally Posted by penguinbait

In 2007, the average annual household income rose 1.3% to $50,233.00 according to the Census Bureau.

Imagine making 50K a year and supporting a family in this economy.

Originally Posted by penguinbait

I have updated tablethacker.com to use a iphone template to display on the tablets. You can click normal view on the bottom if its annoying you.

I was asked for a tablet friendly version. Just wondering what you think. Keep it? it was fine already? Nobody cares?

Just looking for some opinions