Page 8 - Down Turn News Today

And lot of folks dont step foot in the stars today. and economists say several yeens were seeing promising numbers this year, many retailers offering hot deals to lure people into their stores, unemployment numbers have dropped, meaning more people are working, plus, fewer folks are in debt because of the economic down turn, not overextended as much, leaving more cash for christmas. >> consumers have reduced the debt servicing burdens immensely over the past three years, we have now seen the con...

The housing secretary dropped by. what did he say about the likelihood of a bailout? >> sean donovan is the housing chief, he was testifying in the house. he really tried to down play it by saying its going to take another big down turn in the housing market for there to really be a crunch year and a possible bailout. but as we all know, there have been consistent down turns in the housing market. its very much a fluid situation. sean donovan insisted he thinks it will be okay. take a listen. >>...

matter so much as this number. the number of days and hours now left until the money runs out. this is what weve been warning about for weeks and weeks. still, the vote today was enough to allow the republicans to spike the ball into boehners court. and he did so with a vengeance. >> i struck my neck out a mile to try and get in agreement with the president of the united states. i stuck my neck out a mile. and i put revenues on the table. in order to try to come to an agreement to aver...

has finally pass the debt reduction plan. as you saw a moment ago, the senate now in the process of killing it by effectively tabling it, because democrats are in charge over there. you heard harry reid speak moments ago, a big thumbs down over there, and then -- then -- we will move on. but the number of votes on either side really doesnt matter so much as this number. the number of days and hours now left until the money runs out. this is what weve been warning about for weeks and we...

Front-runner mitt romney is sharpening attacks on president obamas handling of the u.s. economy. during a stop in new hampshire yesterday, romney told reporters that the blame for the sluggish recovery rests solely with the president. >> this recovery has been anemic. we have not created the jobs we should have. it is way underperformed. the recovery seen under president reagan. the president i think has deepened the down turn, has made it last longer and what should have been a strong and robus...

From the recent rise in unemployment benefit filings, its this, that americas recession is far from over. the down turn has hit many working americans hard, particularly white collar men in their 40s. experts say occupational optimism in that age group is low. the magazines latest issue addressing the subject called "dead suit walking" in "newsweek," the co-author of that article joins me now. so, tony, i know its the punch line called the beached white male but explain to us what you were able ...

Point, it would amount to $115 billion over a decade. but raise taxes by that same amount, 1 percentage points, and it comes to just under $500 billion. cnn money says there are other reasons why the richest americans cannot generate the kind of revenue that is needed. >> the income of the very wealthy tends to be more volatile than the income of most people because its tied up with investments and when the economy goes south, often their income gets hurt. so youre not going to get as much reven...

>> well, its hard in the middle of this chaos to assess the broader economic issues that come as a result of this. but, look, this economy has been rising since march of 09. weve had, you know, perhaps too much stimulus in terms of government intervention, thats being peeled back or will be peeled back. i think that its, its way too early to say that the events in tokoyo, the events in the middle east, in north africa will propel us into another down turn. >> neil: look, are you running for mayo...

In virginia and los angeles county, california. and help with the rescue effort from the earthquake and tsunami so theyll be there on the ground soon to do just that. well, all of this has really got back to the age old question what causes this. this didnt lake long. within hours of the disaster striking, and the top officials blaming japans earthquake on global warming of the european economic, some effects of island have hit and mother nature has given us the signs and an academic all around ...

As the entire federal government when ronald reagan was president in 1983. thats how much it is out of control. thats why those who want to go back to 2007 as a benchmark are on the right path this is too big a government. it needs to be shrunk this year. and the time to turn it around is now. >> sean: one of the few economists that predicted this down turn, he called this freeze spare change. if you are not going to deal with real entitlement reform how do you get to a balanced budget, especial...