Yep, millions will vote just on one issue like gas prices.

Its looking very likely that the British interest rate will go down from 0.50% to 0.25%.

That means Fixed ISAs and Fixed Savings will lower their rates.

Also, all these cheaper interest rates will do borrowers good for now, but when rates go back up they will find it harder to pay back.

Its a constant, never ending cycle of debt. I'm 30 years old now. I'm not likely to see the end of this crisis.

Do me a favour!!!!!!!

We come from different backgrounds and have different circumstances. You can disagree with me all you want, but that was MY opinion.

Fair point and you are right, i was just sceptical of your view of the UK as hell!!!!!

Gas continues to drop. It's $3.15 here.

It seems DeMeo goes out of his way to draw attention to himself. He's now on vacation, but the rest of us will have to have our ham sandwiches without any dressing on them.... in other words, "Ham on rye, hold DeMeo".

Ha ha!! I am sure he will be getting along just fine in the living hell that is the UK.......

Ha ha ha ha ha!!!



TIS

Just saw gas here at $3.13. How low can it go?

Back to $1 would be nice!

How long did you sentence him to, SC?

I have an idea! Ya know how restaurants will sometimes roll back their prices to a year or celebrate some event. Maybe the gas stations could do that....like commemorate the gas crisis of the mid seventies and roll back the price to 69 cents a gallon. When I was going to Community College in 1967 (20 miles round trip), I would get 35 cents worth of gas, which was more than a gallon.

Hell, let's go for 1952.

MC, I remember that "era" well. Heck I remember going riding around with friends and if the driver needed gas, we'd all chip in 35 cents or so and that would keep us rolling for a while longer.

Of course in those days, you could also get a McDonald's burger for 15 cents, fries 12 cents and a drink I believe was a nickle. LOL How cool is that?

TIS

$3.57 - $3.69 in my area

Still $3.75 in NY.

$3.06 here.

Democratic Presidents are better for the economy

"In “The President as Economist: Scoring Economic Performance From Harry Truman to Barack Obama,” we compare the 12 presidents since World War II using 17 economic indicators, including growth in gross domestic product, rate of unemployment, inflation, population below the poverty line, increase in the Dow Jones Industrial Average, savings and investment rates, exports and trade balances, federal budget growth, and debt and federal taxes as a share of GDP. "

http://www.bloomberg.com/news/2012-06-25/democratic-presidents-are-better-for-the-economy.html

Not long.

Where are all those American citizens who the GOP claimed would be lining up to take these jobs???

Fewer workers crossing border create farm labor shortage

A crackdown on illegal immigration, more job opportunities in Mexico and rising fees charged by smugglers are reducing the number of...

http://www.newsobserver.com/2012/07/03/2175558/fewer-workers-crossing-border.html

They've all started walking to Tampa.

What's happening in Scranton?? Didn't anyone see this coming? Just $5K in the bank??

Pay cut to minimum wage

I was born in Scranton and grew up just outside of it.

I haven't followed the story closely, but the mayor attempted to slash salaries quite a while ago, but the employees and their unions got a court injunction, blocking the move. The city funds dried up and the mayor in desperation violated the court order as he recognized there was not enough money to cover the salaries of civil workers until other streams of financing are established.

Scranton was once a booming coal town where at one time more anthracite was being mined there than in the rest of the world combined. For decades it has suffered from a diminishing tax base and corrupt city and county politics. Northeastern PA has about the oldest average age and is only beaten by some retirement areas in Florida.

I feel sorry for the mayor, who inherited a corrupt system. I think for all my life the city was paying more in disability benefits to injured workers than they were to workers. There were also always a lot of phantom employees, who were collecting pay checks without having to show up for jobs.

Even Dunder Miflin can't save Scranton. The coal mines were a hotbed of corruption and mob control. Hard to wipe that out of the culture.

Long live the Molly Maguires.

The eastern part of the state is just an extenson of ...
New Jersey.

Spoken like a true East Ohioan.

Bad news for the Obama campaign. And keep in mind that this article is from the uber-liberal Huffington Post.

U.S. Economy Grows At 1.5 Percent Rate In Second Quarter; Slowest In A Year

AP | By MARTIN CRUTSINGER

WASHINGTON (AP) — The U.S. economy grew at an annual rate of just 1.5 percent from April through June, as Americans cut back sharply on spending. The slowdown in growth adds to worries that the economy could be stalling three years after the recession ended.

The Commerce Department also said Friday that the economy grew a little better than previously thought in the January-March quarter. It raised its estimate to a 2 percent rate, up from 1.9 percent.

Growth at or below 2 percent isn't enough to lower the unemployment rate, which was 8.2 percent last month. And most economists don't expect growth to pick up much in the second half of the year. Europe's financial crisis and a looming budget crisis in the U.S. are expected to slow business investment further.

"The main take away from today's report, the specifics aside, is that the U.S. economy is barely growing," said Dan Greenhaus, chief economic strategist at BTIG LLC. "Along with a reduction in the actual amount of money companies were able to make, it's no wonder the unemployment rate cannot move lower."

Stock futures rose slightly after the report was released. Some economists had thought the growth estimate would be even lower.

The lackluster economy is raising pressure on President Barack Obama in his re-election fight with Mitt Romney, the presumptive Republican presidential nominee.

But few think the Fed, the White House or Congress can or will do anything soon that might rejuvenate the economy quickly. Many lawmakers, for example, refuse to increase federal spending in light of historically large budget deficits.

Paul Dales, senior U.S. economist at Capital Economics, said that the sluggish second quarter growth rate is probably not weak enough to trigger more action by the Federal Reserve when it meets next week.

Many economists, however, believe the Fed will launch another round of bond buying at its September policy meeting. The aim is to drive long-term interest rates lower and encourage more borrowing and spending.

The 1.5 percent growth rate in the second quarter was the weakest since the economy, as measured by the gross domestic product, expanded at a 1.3 percent rate in the July-September quarter last year. GDP measures the country's total output of goods and services, from the purchase of a cup of coffee to the sale of fighter jets.

Current-dollar GDP increased at an annual rate of $117.6 billion in the second quarter to $15.6 trillion.

Growth was weaker mostly because consumer spending slowed to a growth rate of just 1.5 percent. That's down from 2.4 percent in the first quarter. Americans bought fewer autos, computers and other long-lasting manufactured goods. Spending on services increased.

They also saved more. The savings rate increased to 4 percent, up from 3.6 percent in the first quarter.

Consumer spending, which accounts for 70 percent of economic activity, was offset somewhat by a slightly smaller drag from the government. Spending by governments fell at an annual rate of 1.4 percent in the second quarter, just half of the 3 percent rate of decline in the first quarter.

The Commerce Department also revised its growth estimates for the past three years. Those revisions showed that the economy contracted 3.1 percent in 2009, slightly less than the 3.5 percent previously reported. Growth in 2010 was put at 2.4 percent, down from 3 percent, with growth in 2011 at 1.8 percent instead of 1.7 percent.

The U.S. economy has never been so sluggish this long into a recovery. The Great Recession officially ended in June 2009.

Until a few weeks ago, many economists had been predicting that growth would accelerate in the final six months of the year. They pointed to gains in manufacturing, home and auto sales and lower gas prices.

But threats to the U.S. economy have left consumers too anxious to spend freely. Jobs are tight. Pay isn't keeping up with inflation. Retail sales fell in June for a third straight month. Manufacturing has weakened in most areas of the country.

Fear is also growing that the economy will fall off a "fiscal cliff" at year's end. That's when tax increases and deep spending cuts will take effect unless Congress reaches a budget agreement.

All that is making companies reluctant to expand and hire much.

http://www.huffingtonpost.com/2012/07/27/us-economic-growth-slowed_n_1709406.html

Andrew Breitbart also helped launch the Huff Post. For the most part they report the news nonpartisan, but it is primarily written by Liberals.