8 posts tagged “bushonomics”
90 year-old woman shoots self inside foreclosed home
A 90-year-old Akron, Ohio, woman who shot herself as sheriff's deputies tried to evict her from her foreclosed home became a symbol of the nation's home mortgage crisis Friday.
Addie Polk is being treated at Akron General Medical Center after shooting herself at least twice in the upper body Wednesday afternoon, her city councilman said.
U.S. Rep. Dennis Kucinich, D-Ohio, mentioned Polk on the House floor Friday during debate over the latest economic rescue proposal.
"This bill does nothing for the Addie Polks of the world," Kucinich said after telling her story. "This bill fails to address the fact that millions of homeowners are facing foreclosure, are facing the loss of their home. This bill will take care of Wall Street, and the market may go up for a few days, but democracy is going downhill...
The power bill increase is the result of a 20 percent rate hike passed down from the Tennessee Valley Authority, which supplies power to parts of Tennessee, Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.
That's right! now that we are conserving our gas and staying home, we get a double digit increase in our electric bills. It looks like our bill will increase anywhere from $20 - $45 a month depending on the season.
It could be the end of the week before supplies can once again meet the demand. Atlanta and Tallahassee, Fla. also have gas shortages, but AAA said Nashville is in worse shape. The average price for a gallon of regular gas in Nashville Monday was $4.08; in Knoxville, it was $3.53.
"I sincerely believe that the banking institutions are more dangerous to our liberties than standing armies. The issuing power should be taken from the banks and restored to the people to whom it properly belongs."
Thomas Jefferson
Author of the Declaration of American Independence and
of the Statute of Virginia for Religious Freedom,
founder of the University of Virginia,
governer of Virgina (1779),
the first secretary of state (1789-94),
second vice president (1797-1801),
and the third president (1801-09)
One more from our third President:
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations which grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers founded."
Thomas Jefferson
From a letter to Albert Gallatin (Secretary of the
Treasury). 1802
My previous post has a link to a story at CNN.com that basically says the gas shortage in Nashville is because of a rumor. It also states that the problem is isolated to Nashville.
From the article:
The phenomenon seemed to be isolated to the Nashville area...
Well, the last time I checked CNN was located in Atlanta and check out this story from Atlanta.
Gas Pumps Running Dry Across Metro Atlanta
ATLANTA -- Metro Atlanta drivers are still feeling the aftershock of Hurricane Ike – one week later.Many drivers told Channel 2 Action News they are driving around in circles trying to find gas for their vehicles.Many residents in Kennesaw, Alpharetta and Cumming, among others, have complained of dry pumps.They said stations have shut down all of their pumps because they have no gasoline to sell.
My Previous post:
Photo evidence of what CNN calls a rumor.
and I just went out for a little while. Out of at least 15 gas stations only 1 had gas and the line was incredibly long.
The gas station across the street just received a gas delivery. The station did not open today because they didn't expect to have gas until much later. Apparently the clerk left the pumps on since Friday. OOPS! Chaos has begun.
The Peace Makers have arrived!!!
CNN's story about the "rumor" here
Yea CNN I heard a rumor...
What's with the Nashville gas shortage?
This sign at a Nashville, Tennessee gas station says it all.
The gas crisis in the United States is a lot worse than most think.
Last weekend, my sister described a gas frenzy near her home outside
Knoxville, Tennessee. This week, the problem seems to be in Nashville...
Update 2: In less than 45 minutes pumps #2 and #4 are empty and #1 and #3 only have super premium left. The police just left. I wonder if they are going to another station that just got a delivery?
Panic Grips Area During Gas Shortage
AAA: Gas Won't Return To Normal For 1 Week
NASHVILLE -- Many communities gripped by a gas shortage were in panic mode over the weekend, and bad news from AAA did not help to calm them.
AAA said Saturday that supplies may not return to normal until late next week, but until then, they said everyone needs to deal with the crisis in a reasonable manner.
The latest updated comes the day after Gov. Phil Bredesen stated that the colonial pipeline that provides much of the area's supply was at 100 percent capacity.
AAA stated that the pipeline is still experiencing interruptions due to power problems caused by Hurricane Ike.
The higher demand, reserve tanks were drained...
...The manager at one "Daily" gas station said that her bosses sent out a companywide e-mail promising that trucks were on the way with gas and would arrive either Saturday or Sunday. She said she later heard that there were more issues with a pipeline, which she knew meant more long lines...
Nothing to add, I think the title says it all. Vote for Change Vote for Obama. McCain is just a third Bush term and the economy will continue to suffer.
Unemployment Rate Rises to 6.1%
By MICHAEL M. GRYNBAUM
Published: September 5, 2008
The unemployment rate jumped to 6.1 percent in August, its highest level in five years, as the erosion of the job market accelerated over the summer.
Employers cut 84,000 jobs last month, more than economists had expected, and the Labor Department said that more jobs were lost in June and July than previously thought.
So far, 605,000 jobs have disappeared since January. The unemployment rate, which rose from 5.7 percent in July, is now at its highest level since September 2003...
...Manufacturing jobs were hammered again in August, with 61,000 workers losing their jobs. Nearly 60,000 administrative workers, including secretaries and temp workers, were laid off.
Gains came in the education and health care industries, which added a total of 55,000 jobs. But those gains were offset by loses at restaurants, auto dealers and factories that make parts for cars and other transportation equipment...
