MARTIN CRUTSINGER, an AP Economics Writer in Washington on July 24, 2008, in his news report article on the ABC news on line tell us, "The National Association of Realtors reported that sales dropped by 2.6 percent last month to a seasonally adjusted annual rate of 4.86 million units. That was more than double the decline that had been expected and left sales 15.5 percent below where they were a year ago."
He also wrote, "The downward slide in sales depressed prices, too. The median price for a home sold in June dropped to $215,100, down by 6.1 percent from a year ago. That was the fifth largest year-over-year price drop on record."
Yet Bush with his Republican Administration crack jokes about the economy and Wall Street?
Associated Press Business Writer, STEPHEN BERNARD in NEW YORK, yesterday July 23, 2008, reported in his business news, "Student lender SLM Corp., more commonly known as Sallie Mae, said Wednesday its second-quarter profit plunged 72 percent as funding costs remained high amid further weakening in the credit markets and the company took charges related to its restructuring.Net income fell to $266 million, or 50 cents per share, during the second quarter, from $966 million..."
Why do Republicans laugh at stuff like this?
DEE-ANN DURBIN and TOM KRISHER AP Auto Writers in DEARBORN, Mich. July 24, 2008, inform their news readers, "Ford Motor Co. posted the worst quarterly performance in its history Thursday, losing $8.67 billion in the second quarter."
How do Bush and his Republican Administration find a joke in our failing economy?
A Reporting by Kyle Peterson, from the Reuters News Service Chicago, Ill. July 23, 2008, appeared on ABC news website. In Peterson's reporting he gives us some insight on Northwest airlines dilemma.
Kyle's report states, "Northwest Airlines Corp reported a quarterly net loss on Wednesday, reversing a year-earlier profit, on skyrocketing fuel prices. The carrier, which plans to merge with Delta Air Lines Inc , said its second-quarter net loss amounted to $377 million, or $1.43 per share, compared with a profit of $2.1 billion a year earlier."
Where is the Joke in this?
Steve Hargreaves, a New York staff writer of CNN Money.com July 24 2008, gives us these details, "The government charged an oil trading firm Thursday with manipulating oil prices in the first complaint to be announced since the regulators began a new investigation into wrongdoings in the energy markets. The Commodity Futures Trading Commission accused Optiver Holding, two of its subsidiaries and three employees with manipulation and attempted manipulation of crude oil, heating oil and gasoline futures on the New York Mercantile Exchange."
How is this funny?
Still it is hard to get to the truth when we have to deal with manipulating reporting like the on ABC news money beat correspondent Bianna Golodryga. Her title, "Who's to Blame for High Gas Prices? You" on July 23, 2008, says it all.
Why do the Republicans keep claiming that it is the American people's fault for our bad economy? How many jokes do the Republicans have blaming the American people off camera that we do not know about? And how much longer will the American people put up with the Republicans insulting and smearing the American people?
