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  • hold_upright hold_upright Oct 27, 2011 3:59 PM Flag

    Another Big "Thank You" To President Obama

    Yes, thank you Mr. President Obama.

    Last week I found out I was getting a 3.6% INCREASE (a Raise!) in my Social Security in 2012. Today I learned my Medicare Part B premium is going DOWN to $99/mo. from $115/mo. and that my Medicare Deductible is going DOWN to $140 from $162.

    Again, thanks. I will definitly be voting Democratic on Nov. 8 and for you in 2012.

    And I can't say enough for what you have done to my 401k. It's Up, Up, Up.

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    • Yes don_deal it appears that President Obama is our "white knight" in shining armor. I think he will easily be re-elected considering all he has done to turn our great country around economically and keeping us safe with a reasoned foreign policy.

    • NEW YORK (AP) -- Americans are gaining faith that the economy is on the upswing.

      An improving job outlook helped the Consumer Confidence Index soar to the highest level since April and near a post-recession peak, according to a monthly survey by The Conference Board.

      The second straight monthly surge coincided with a decent holiday shopping season for retailers, though stores had to heavily discount to attract shoppers.

      The rise in confidence jibes with a better outlook for the overall economy. An Associated Press poll of three dozen private, corporate and academic economists projects U.S. economic growth will speed up in 2012, if it isn't derailed by upheavals in Europe.

      But confidence is still far below where it is in a healthy economy. And Americans' mood could sour again if the debt crisis in Europe deepens and spreads to the U.S. Shoppers still face big obstacles — higher costs on household basics and a still-slumping housing market.

      "This is encouraging. It's good to be talking about improvement," said Mark Vitner, an economist at Wells Fargo. "But there is still a lot of room for trouble."

      The Conference Board, a private research group, said Tuesday that its Consumer Confidence Index rose almost 10 points to 64.5 in December, up from a revised 55.2 in November. Analysts had expected 59. The level is close to the post-recession high of 72, reached in February.

      The December surge builds on a big increase in November, when the index rose almost 15 points from October. That month's reading was the lowest since March 2009, the depths of the recession.

      One component of the index that measures how shoppers feel now about the economy rose to 46.7 from 38.3 in November. The other barometer, which measures how shoppers feel about the next six months, rose to 76.4 from 66.4.

      In particular, shoppers' assessment of the job market improved, according to preliminary results of the survey conducted Dec. 1-14. Those anticipating more jobs in the months ahead increased to 13.3 percent from 12.4 percent while those anticipating fewer jobs declined to 20.2 percent from 23.8 percent.

      Economists watch confidence numbers closely because consumer spending — including items like health care — accounts for about 70 percent of U.S. economic activity.

      Americans have more reason to be optimistic. The economy has produced at least 100,000 new jobs for five months in a row, the longest such streak since 2006. The number of people applying for unemployment benefits has dropped to the lowest level since April 2008.

    • Satellites? Space travel? Internet? Antibiotics? Electric power networks? Telephone networks?

    • HERE IS WHAT YOUR PRESIDENT BUSH WAS LIKE, Remember once a pickle never more a Cucumber

      By James Quinn, Wall Street Correspondent

      4:45PM BST 23 Jul 2008


      US President George W. Bush has claimed that Wall Street "got drunk" in the run-up to the credit crisis and now has "got a hangover."

      The unguarded comments, made during a private fundraiser in Houston, show the US leader's perhaps flippant approach to the crisis which has wiped hundreds of billions of dollars off the value of banks and other companies worldwide, and forced more than 1m Americans to lose their homes.

      The comments appeared on viral video site YouTube courtesy of local news station KTRK in the Texan city.

      In the video, he jokes: ""There is no question about it. Wall Street got drunk. That's one reason I asked you to turn off your TV cameras."

      "The question is, How long will it (take to) sober up and not try to do all these fancy financial instruments?"

      Traditional media were banned from the gathering, to support a local Republican politician in the President's home state, but his words were captured on a handheld personal camera.

      Mr Bush, who was in jocular mood, then went on to joke about the housing crisis, saying it didn't seem to exist in Houston - based on evidence from wife Laura, who is trying to by a house there for the couple when his second presidential term ends next January.

      White House spokesman Tony Fratto said the President was merely describing the stock market in the way many observers have.

    • Here we go again with the cheerleading out of LALA land. How about this headline today? "Sears, Kmart: Beginning of the end?
      As a slide in sales continues, Sears Holdings announces the pending closures of more than 100 stores. And a year from now, the outlook might be just as grim" Yup things are really look'n up for obozo. Way to go you JERK!! And before you & DUMBDEAL try to blame the last guy for that, try sticking your heads in the commode & give it a few flushes. That should clear it up for you a little. At least the toilet will be trying to do it's job!!

    • Hello don_deal.

      Looks good for a second term.

      The reason there are so many repub candidates and no one is emerging is that the Republicans have no good candidates. They all are a little "off the wall". Also, the repub values are inconsistant with the American middle class voters. Repubs want to dismantle Social Security and Medicare. No one is going to vote for that!!

      Repubs keep talking about those "family value" issues. The economically hurt middle class has bigger concerns.

      I think that when Republicans decided they wanted to be run by the Tea Party folks they lost their common sense.

    • ex-div tomorrow in fact.

    • rhrengineer1 Dec 6, 2011 7:53 AM Flag

      And with the x dividend date approaching you would think it would move higher.

    • The 350,000 are people who used up all 99 weeks of their unemployment and still have no job. They eventually just give/gave up.

      One problem this can bring for PEG is less customers who can pay their full bill.

      I don't mind the stock price languishing in the low 30's for a while because I reinvest dividends. But, I would like to see a significant move up in the next 3-5 years.
      No jobs = no rate payers. Not a good thing.

    • Maybe the President will invite you to the annual White House "Beginning of Ramadan" dinner. You can hob-nob with his Islamic cronies.

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