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	<title>Comments on: Consumers: The 21st Century Weeble</title>
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	<link>http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/08/29/consumers-the-21st-century-weeble/</link>
	<description>CNNMoney.com Talkback</description>
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		<title>By: Not_Bamboozled, Chicago, IL</title>
		<link>http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/08/29/consumers-the-21st-century-weeble/#comment-18758</link>
		<dc:creator>Not_Bamboozled, Chicago, IL</dc:creator>
		<pubDate>Mon, 01 Sep 2008 19:07:50 +0000</pubDate>
		<guid isPermaLink="false">http://cnnmoneytalkback.wordpress.com/?p=212#comment-18758</guid>
		<description>Clearly, high energy costs and their impact on all transported goods is taking a larger proportion of peoples disposable income.  Until the cost of oil and gasoline decline and allow people to save or dig out of what ever financial situation they are in, this anemic economy will continue to just limp along.  Read NY Times articale &quot;Dr Doom&quot;, commercial real estate is most likely candidate for the next major federal bailout.  More financial institution trouble ahead. Certain retail stocks surging is just blind speculation, to let someone else cash out.</description>
		<content:encoded><![CDATA[<p>Clearly, high energy costs and their impact on all transported goods is taking a larger proportion of peoples disposable income.  Until the cost of oil and gasoline decline and allow people to save or dig out of what ever financial situation they are in, this anemic economy will continue to just limp along.  Read NY Times articale &#8220;Dr Doom&#8221;, commercial real estate is most likely candidate for the next major federal bailout.  More financial institution trouble ahead. Certain retail stocks surging is just blind speculation, to let someone else cash out.</p>
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		<title>By: Debbie, White Plains, NY</title>
		<link>http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/08/29/consumers-the-21st-century-weeble/#comment-18757</link>
		<dc:creator>Debbie, White Plains, NY</dc:creator>
		<pubDate>Mon, 01 Sep 2008 13:38:49 +0000</pubDate>
		<guid isPermaLink="false">http://cnnmoneytalkback.wordpress.com/?p=212#comment-18757</guid>
		<description>To the poineer cook.....if we all ate unprocessed food - we&#039;d all be in better health....I rarely eat anything out of a box and mostly that&#039;s cereal or pasta....of course then the pharmaceutical companies would have a heart attack because no one would need their drugs.....to Sybil in Santa Rose - yeah there is a real decline in Americans income because there is a wealth distribution problem in this country - even though productivity has gone up - real earnings have decline...and that&#039;s all because Corporate America is running this country through lobbyists and congressmen who stay can stay in office for 40 years...so until America wakes up and changes the rules - you can expect more of the same...with or without McCain....</description>
		<content:encoded><![CDATA[<p>To the poineer cook&#8230;..if we all ate unprocessed food &#8211; we&#8217;d all be in better health&#8230;.I rarely eat anything out of a box and mostly that&#8217;s cereal or pasta&#8230;.of course then the pharmaceutical companies would have a heart attack because no one would need their drugs&#8230;..to Sybil in Santa Rose &#8211; yeah there is a real decline in Americans income because there is a wealth distribution problem in this country &#8211; even though productivity has gone up &#8211; real earnings have decline&#8230;and that&#8217;s all because Corporate America is running this country through lobbyists and congressmen who stay can stay in office for 40 years&#8230;so until America wakes up and changes the rules &#8211; you can expect more of the same&#8230;with or without McCain&#8230;.</p>
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		<title>By: JK, Apex NC</title>
		<link>http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/08/29/consumers-the-21st-century-weeble/#comment-18756</link>
		<dc:creator>JK, Apex NC</dc:creator>
		<pubDate>Mon, 01 Sep 2008 13:37:09 +0000</pubDate>
		<guid isPermaLink="false">http://cnnmoneytalkback.wordpress.com/?p=212#comment-18756</guid>
		<description>We parked one car, cut out the restaurants and movies, expanded the garden by a third, cut down on the price and amount of the beer and wine we buy and get togethers we have and yet we still haven&#039;t seen the savings.  These are all things we were planning to do anyway but instead of saving more money all we&#039;ve managed to do is keep the credit cards in the wallet.</description>
		<content:encoded><![CDATA[<p>We parked one car, cut out the restaurants and movies, expanded the garden by a third, cut down on the price and amount of the beer and wine we buy and get togethers we have and yet we still haven&#8217;t seen the savings.  These are all things we were planning to do anyway but instead of saving more money all we&#8217;ve managed to do is keep the credit cards in the wallet.</p>
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		<title>By: kathrn, Cinc,OH</title>
		<link>http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/08/29/consumers-the-21st-century-weeble/#comment-18755</link>
		<dc:creator>kathrn, Cinc,OH</dc:creator>
		<pubDate>Mon, 01 Sep 2008 11:31:45 +0000</pubDate>
		<guid isPermaLink="false">http://cnnmoneytalkback.wordpress.com/?p=212#comment-18755</guid>
		<description>Save Save Save is out motto...we have cut everywhere that we can.  We drive less, eat differently, no Starbucks, pizza once a week, clothes only if we need it..NO Chargecards...cash only...and surprising enough...we are saving a lot ..what its a surprise to learn what you DON&#039;T need!!</description>
		<content:encoded><![CDATA[<p>Save Save Save is out motto&#8230;we have cut everywhere that we can.  We drive less, eat differently, no Starbucks, pizza once a week, clothes only if we need it..NO Chargecards&#8230;cash only&#8230;and surprising enough&#8230;we are saving a lot ..what its a surprise to learn what you DON&#8217;T need!!</p>
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		<title>By: Ann Columbus,Ohio</title>
		<link>http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/08/29/consumers-the-21st-century-weeble/#comment-18754</link>
		<dc:creator>Ann Columbus,Ohio</dc:creator>
		<pubDate>Mon, 01 Sep 2008 02:43:50 +0000</pubDate>
		<guid isPermaLink="false">http://cnnmoneytalkback.wordpress.com/?p=212#comment-18754</guid>
		<description>Hi! Well, in 3 months my cell phone contract will be up and I&#039;ll stop using a cell phone by contract. No new clothes this year. Immediate family Christmas gifts only and that will be cut back to practical needs. I have stocked up foods on sale so we are set for the most part. we don&#039;t eat out or order pizza out. All food is cooked at home. Stretched out the grass mowing this year, as we mow 5 acres which has been about 20.00 every mow. No new car,ours is 11 yrs old. We did dump our 20 year old propane for a new heat pump and elect furance. Which turns out to be a good decision, as propane pre buy would of been 4,600 this year, but our electric bills are showing we are using about 150 watts less than this time last year. Although we had to put it on our equity line, we are putting every spare penny on that, to get it paid off befor the interest rates go up.</description>
		<content:encoded><![CDATA[<p>Hi! Well, in 3 months my cell phone contract will be up and I&#8217;ll stop using a cell phone by contract. No new clothes this year. Immediate family Christmas gifts only and that will be cut back to practical needs. I have stocked up foods on sale so we are set for the most part. we don&#8217;t eat out or order pizza out. All food is cooked at home. Stretched out the grass mowing this year, as we mow 5 acres which has been about 20.00 every mow. No new car,ours is 11 yrs old. We did dump our 20 year old propane for a new heat pump and elect furance. Which turns out to be a good decision, as propane pre buy would of been 4,600 this year, but our electric bills are showing we are using about 150 watts less than this time last year. Although we had to put it on our equity line, we are putting every spare penny on that, to get it paid off befor the interest rates go up.</p>
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		<title>By: Shawn, Napa, CA</title>
		<link>http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/08/29/consumers-the-21st-century-weeble/#comment-18753</link>
		<dc:creator>Shawn, Napa, CA</dc:creator>
		<pubDate>Sun, 31 Aug 2008 17:23:35 +0000</pubDate>
		<guid isPermaLink="false">http://cnnmoneytalkback.wordpress.com/?p=212#comment-18753</guid>
		<description>Less drink (bottled stuff), less junk food, less consumer products, less brand name stuff, cancelled cable (antenna works well), downgraded Internet service, less driving (of the Prius, too). 
Cutbacks allow me to continue saving at about the same rate.</description>
		<content:encoded><![CDATA[<p>Less drink (bottled stuff), less junk food, less consumer products, less brand name stuff, cancelled cable (antenna works well), downgraded Internet service, less driving (of the Prius, too).<br />
Cutbacks allow me to continue saving at about the same rate.</p>
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		<title>By: Sam, London</title>
		<link>http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/08/29/consumers-the-21st-century-weeble/#comment-18752</link>
		<dc:creator>Sam, London</dc:creator>
		<pubDate>Sun, 31 Aug 2008 14:06:56 +0000</pubDate>
		<guid isPermaLink="false">http://cnnmoneytalkback.wordpress.com/?p=212#comment-18752</guid>
		<description>Dear Sybil from Santa Rosa, CA. Thanks for your interesting comment. To add to that: experts routinely claim that processed foods are unhealthy. The spectacular rise in colon cancer rates in the 20th century are much attributed to the equally spectacularly increased consumption rates of processed meats. After reading your post I now sincerely hope the economy will go down the drain. We will all benefit by eating healthier! And it will be a good thing for Medicare budgets.</description>
		<content:encoded><![CDATA[<p>Dear Sybil from Santa Rosa, CA. Thanks for your interesting comment. To add to that: experts routinely claim that processed foods are unhealthy. The spectacular rise in colon cancer rates in the 20th century are much attributed to the equally spectacularly increased consumption rates of processed meats. After reading your post I now sincerely hope the economy will go down the drain. We will all benefit by eating healthier! And it will be a good thing for Medicare budgets.</p>
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		<title>By: Wenchypoo, Norfolk, VA</title>
		<link>http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/08/29/consumers-the-21st-century-weeble/#comment-18751</link>
		<dc:creator>Wenchypoo, Norfolk, VA</dc:creator>
		<pubDate>Sun, 31 Aug 2008 12:20:26 +0000</pubDate>
		<guid isPermaLink="false">http://cnnmoneytalkback.wordpress.com/?p=212#comment-18751</guid>
		<description>Since we went from a house on 2 acres w/walk-in pantry to a 2-bd. apartment, I&#039;ve put off stocking up the way I used to.  However, I&#039;ve recently given in and turned our second bedroom into a pantry/computer room/guest room.  Paying attention to and shopping for the best price per unit, cost per serving, and shortening the shopping list to only those essential and nutrient-packed foods are how I&#039;m cutting back.  There&#039;s nothing I can do about gas prices except drive less, and I already do that.  Rent I can do something about, and Hubby has applied for job transfers to lower-cost-of-living states.  My apartment complex&#039;s dumpsters and laundry room garbage can have been &lt;i&gt;veddy, veddy good&lt;/i&gt; to me, yielding unwanted furniture, lamps, plastic storage bins, clothes, sheets &amp; towels, Sunday papers (the ad section), and lots of other useful things.  Oh, the things these stupid people throw away or abandon in the laundry room!

For Sybil in Santa Rosa:  With processing comes packaging, and you pay for both when you&#039;re buying processed stuff--not to mention transportation of the item.

My nutrient-packed short shopping list for produce goes like this:  carrots, broccoli, red peppers, berries (black-, blue-, and straw-), plums, and navel oranges. I call this my &quot;magic 8&quot; list.  Although not produce, small red beans can&#039;t be beat for antioxidants--even higher than blueberries!

I&#039;m not a vegetarian, and do eat grass-fed meats, especially now--so much of the commercial meats have been polluted with soy, and soy is a hormone disruptor (bad for diabetics, people with thyroid conditions, and fertility).  Unfortunately, there is no labeling or growing standard that covers the use of soy in feed, and yes, I&#039;ve had to contact dozens of producers (both commercial and organic) to find out who isn&#039;t using soy in their feed.  My soy-allergic hubby and diabetic cat appreciate it.</description>
		<content:encoded><![CDATA[<p>Since we went from a house on 2 acres w/walk-in pantry to a 2-bd. apartment, I&#8217;ve put off stocking up the way I used to.  However, I&#8217;ve recently given in and turned our second bedroom into a pantry/computer room/guest room.  Paying attention to and shopping for the best price per unit, cost per serving, and shortening the shopping list to only those essential and nutrient-packed foods are how I&#8217;m cutting back.  There&#8217;s nothing I can do about gas prices except drive less, and I already do that.  Rent I can do something about, and Hubby has applied for job transfers to lower-cost-of-living states.  My apartment complex&#8217;s dumpsters and laundry room garbage can have been <i>veddy, veddy good</i> to me, yielding unwanted furniture, lamps, plastic storage bins, clothes, sheets &amp; towels, Sunday papers (the ad section), and lots of other useful things.  Oh, the things these stupid people throw away or abandon in the laundry room!</p>
<p>For Sybil in Santa Rosa:  With processing comes packaging, and you pay for both when you&#8217;re buying processed stuff&#8211;not to mention transportation of the item.</p>
<p>My nutrient-packed short shopping list for produce goes like this:  carrots, broccoli, red peppers, berries (black-, blue-, and straw-), plums, and navel oranges. I call this my &#8220;magic 8&#8243; list.  Although not produce, small red beans can&#8217;t be beat for antioxidants&#8211;even higher than blueberries!</p>
<p>I&#8217;m not a vegetarian, and do eat grass-fed meats, especially now&#8211;so much of the commercial meats have been polluted with soy, and soy is a hormone disruptor (bad for diabetics, people with thyroid conditions, and fertility).  Unfortunately, there is no labeling or growing standard that covers the use of soy in feed, and yes, I&#8217;ve had to contact dozens of producers (both commercial and organic) to find out who isn&#8217;t using soy in their feed.  My soy-allergic hubby and diabetic cat appreciate it.</p>
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		<title>By: Justin K. Victoria BC</title>
		<link>http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/08/29/consumers-the-21st-century-weeble/#comment-18750</link>
		<dc:creator>Justin K. Victoria BC</dc:creator>
		<pubDate>Sun, 31 Aug 2008 06:47:03 +0000</pubDate>
		<guid isPermaLink="false">http://cnnmoneytalkback.wordpress.com/?p=212#comment-18750</guid>
		<description>We&#039;ve cut back on car usage and have plenty of room to cut it back even more if need be. Thus our oil consumption is already down by 50%. We have not cut back on anything else and have no intention of doing so as long as we both have jobs.</description>
		<content:encoded><![CDATA[<p>We&#8217;ve cut back on car usage and have plenty of room to cut it back even more if need be. Thus our oil consumption is already down by 50%. We have not cut back on anything else and have no intention of doing so as long as we both have jobs.</p>
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		<title>By: Eric, Laurel, MD</title>
		<link>http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/08/29/consumers-the-21st-century-weeble/#comment-18749</link>
		<dc:creator>Eric, Laurel, MD</dc:creator>
		<pubDate>Sun, 31 Aug 2008 00:58:05 +0000</pubDate>
		<guid isPermaLink="false">http://cnnmoneytalkback.wordpress.com/?p=212#comment-18749</guid>
		<description>With the change of jobs, my wife and I commute together, consolidated all trips, and downsized to one car. We also cut back on eating out to once a month. And we kept our utilities very low by keeping the AC unit off this August since the weather has been very comfortable and tolerable, and also since we are not home.  Now we&#039;re thinking that we probably wont turn our heat until December!</description>
		<content:encoded><![CDATA[<p>With the change of jobs, my wife and I commute together, consolidated all trips, and downsized to one car. We also cut back on eating out to once a month. And we kept our utilities very low by keeping the AC unit off this August since the weather has been very comfortable and tolerable, and also since we are not home.  Now we&#8217;re thinking that we probably wont turn our heat until December!</p>
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		<title>By: Paul, Chicago, IL</title>
		<link>http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/08/29/consumers-the-21st-century-weeble/#comment-18748</link>
		<dc:creator>Paul, Chicago, IL</dc:creator>
		<pubDate>Sat, 30 Aug 2008 23:24:43 +0000</pubDate>
		<guid isPermaLink="false">http://cnnmoneytalkback.wordpress.com/?p=212#comment-18748</guid>
		<description>I haven&#039;t changed my spending at all.  I only buy what I really need.  I only buy quality, not cheap junk that wears out.  I only pay cash, never charge.  I have tons of credit cards, and never use them.  I&#039;ve been that way since I was 18.  I&#039;m 51 now and have nothing to worry about because I was careful about money.  I feel sorry for people who have to spend to feel good about themselves.</description>
		<content:encoded><![CDATA[<p>I haven&#8217;t changed my spending at all.  I only buy what I really need.  I only buy quality, not cheap junk that wears out.  I only pay cash, never charge.  I have tons of credit cards, and never use them.  I&#8217;ve been that way since I was 18.  I&#8217;m 51 now and have nothing to worry about because I was careful about money.  I feel sorry for people who have to spend to feel good about themselves.</p>
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		<title>By: Al Burt,Arlington,VA</title>
		<link>http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/08/29/consumers-the-21st-century-weeble/#comment-18746</link>
		<dc:creator>Al Burt,Arlington,VA</dc:creator>
		<pubDate>Sat, 30 Aug 2008 20:03:02 +0000</pubDate>
		<guid isPermaLink="false">http://cnnmoneytalkback.wordpress.com/?p=212#comment-18746</guid>
		<description>I started cutting back when our national debt reached $1 Trillion about 30 years ago. The current economic dissaster can only be postponed for so long before our creditors - China and OPEC - pull the plug and sink our economy for good.</description>
		<content:encoded><![CDATA[<p>I started cutting back when our national debt reached $1 Trillion about 30 years ago. The current economic dissaster can only be postponed for so long before our creditors &#8211; China and OPEC &#8211; pull the plug and sink our economy for good.</p>
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		<title>By: J.SMITH BEND, OR</title>
		<link>http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/08/29/consumers-the-21st-century-weeble/#comment-18745</link>
		<dc:creator>J.SMITH BEND, OR</dc:creator>
		<pubDate>Sat, 30 Aug 2008 19:44:11 +0000</pubDate>
		<guid isPermaLink="false">http://cnnmoneytalkback.wordpress.com/?p=212#comment-18745</guid>
		<description>We have stopped renting movies, no longer go anywhere out for dinner, no more starbucks, no fast food. We check in at every food bank , dropped health insurance at work, last yeaR MY HEALTH INS PREMIUMS WERE OVER 11,000.00 OR 987.00 PM FOR MED AND ANOTHER 257.00 DENTAL....NO VACATIONS, DROPPED TIME SHARE, SHALL I KEEP GOING..??</description>
		<content:encoded><![CDATA[<p>We have stopped renting movies, no longer go anywhere out for dinner, no more starbucks, no fast food. We check in at every food bank , dropped health insurance at work, last yeaR MY HEALTH INS PREMIUMS WERE OVER 11,000.00 OR 987.00 PM FOR MED AND ANOTHER 257.00 DENTAL&#8230;.NO VACATIONS, DROPPED TIME SHARE, SHALL I KEEP GOING..??</p>
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		<title>By: Clark A. - Norwalk, CT</title>
		<link>http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/08/29/consumers-the-21st-century-weeble/#comment-18744</link>
		<dc:creator>Clark A. - Norwalk, CT</dc:creator>
		<pubDate>Sat, 30 Aug 2008 19:00:45 +0000</pubDate>
		<guid isPermaLink="false">http://cnnmoneytalkback.wordpress.com/?p=212#comment-18744</guid>
		<description>Since I work in Manhattan, I find myself going to the liquor store and either buying a &#039;shot&#039; of Vodka, or a half-pint, depending on the circumstances, versus hitting a bar or cocktail lounge and flipping a $&#039;10&#039; spot, just for a drink (let&#039;s not forget the tip)</description>
		<content:encoded><![CDATA[<p>Since I work in Manhattan, I find myself going to the liquor store and either buying a &#8217;shot&#8217; of Vodka, or a half-pint, depending on the circumstances, versus hitting a bar or cocktail lounge and flipping a $&#8217;10&#8242; spot, just for a drink (let&#8217;s not forget the tip)</p>
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		<title>By: Peter Antico, Potomac, Maryland</title>
		<link>http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/08/29/consumers-the-21st-century-weeble/#comment-18743</link>
		<dc:creator>Peter Antico, Potomac, Maryland</dc:creator>
		<pubDate>Sat, 30 Aug 2008 17:54:34 +0000</pubDate>
		<guid isPermaLink="false">http://cnnmoneytalkback.wordpress.com/?p=212#comment-18743</guid>
		<description>With the help of a prudent long-term financial vision, the past 6 years, since 2002, have seen the best of times for a retiree such as me. Retirement has been everything and more of what one could have hoped for over a working lifetime.</description>
		<content:encoded><![CDATA[<p>With the help of a prudent long-term financial vision, the past 6 years, since 2002, have seen the best of times for a retiree such as me. Retirement has been everything and more of what one could have hoped for over a working lifetime.</p>
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		<title>By: Jon, Murfreesboro, TN</title>
		<link>http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/08/29/consumers-the-21st-century-weeble/#comment-18741</link>
		<dc:creator>Jon, Murfreesboro, TN</dc:creator>
		<pubDate>Sat, 30 Aug 2008 15:59:08 +0000</pubDate>
		<guid isPermaLink="false">http://cnnmoneytalkback.wordpress.com/?p=212#comment-18741</guid>
		<description>No, Sybil, you are not a stupid laborer.  It is the talking heads on network news programs who are stupid.  They are the ones who said it was so great that people were using their homes to pay off credit cards debt so they could borrow more from them.</description>
		<content:encoded><![CDATA[<p>No, Sybil, you are not a stupid laborer.  It is the talking heads on network news programs who are stupid.  They are the ones who said it was so great that people were using their homes to pay off credit cards debt so they could borrow more from them.</p>
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		<title>By: Len, Floral Park, NY</title>
		<link>http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/08/29/consumers-the-21st-century-weeble/#comment-18740</link>
		<dc:creator>Len, Floral Park, NY</dc:creator>
		<pubDate>Sat, 30 Aug 2008 15:39:08 +0000</pubDate>
		<guid isPermaLink="false">http://cnnmoneytalkback.wordpress.com/?p=212#comment-18740</guid>
		<description>$1 chili at Wendy&#039;s and a $1 pint of rice from the local chinese joint equals one good meal for $2 and no cooking.</description>
		<content:encoded><![CDATA[<p>$1 chili at Wendy&#8217;s and a $1 pint of rice from the local chinese joint equals one good meal for $2 and no cooking.</p>
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		<title>By: Ray Fisher, Albuquerque, NM</title>
		<link>http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/08/29/consumers-the-21st-century-weeble/#comment-18739</link>
		<dc:creator>Ray Fisher, Albuquerque, NM</dc:creator>
		<pubDate>Sat, 30 Aug 2008 15:16:21 +0000</pubDate>
		<guid isPermaLink="false">http://cnnmoneytalkback.wordpress.com/?p=212#comment-18739</guid>
		<description>I don&#039;t believe anyone can ever be prepared for an economy gone bad yet the signs have been evident for years hence my insistence upon saving all I can. While the nation is addicted to credit I am a firm believer that saving for purchases without resortig to credit creates a firmer, stable economy resistant to abrupt changes caused by circumstances. As we are facing an approaching hurricane this weekend, the economy will once again become irradic with the pressures of investors, profit-takers, banks, etc... caused by a lack of liquidable equity due to our credit oriented society. I will continue my savings approach and reduce my outlays as appropriate and pray our nation will one day follow suit.</description>
		<content:encoded><![CDATA[<p>I don&#8217;t believe anyone can ever be prepared for an economy gone bad yet the signs have been evident for years hence my insistence upon saving all I can. While the nation is addicted to credit I am a firm believer that saving for purchases without resortig to credit creates a firmer, stable economy resistant to abrupt changes caused by circumstances. As we are facing an approaching hurricane this weekend, the economy will once again become irradic with the pressures of investors, profit-takers, banks, etc&#8230; caused by a lack of liquidable equity due to our credit oriented society. I will continue my savings approach and reduce my outlays as appropriate and pray our nation will one day follow suit.</p>
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		<title>By: Nick, Colorado Springs, CO</title>
		<link>http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/08/29/consumers-the-21st-century-weeble/#comment-18738</link>
		<dc:creator>Nick, Colorado Springs, CO</dc:creator>
		<pubDate>Sat, 30 Aug 2008 14:47:25 +0000</pubDate>
		<guid isPermaLink="false">http://cnnmoneytalkback.wordpress.com/?p=212#comment-18738</guid>
		<description>Well let&#039;s see, on Aug 28th here on CNN Money there was an article about how middle class inflation adjusted income declined while worker productivity increased over the last decade.  Productivity increased 18% even through two recessions. The article states: &quot;Median real income for working-age middle-income families in the United States dropped $2,000 between 2000 and 2007, from about $58,500 to $56,500, the U.S. Census Bureau reported.&quot; This is the first business cycle where middle class families have not shared in gains (profits).  Families had less real income now than at the start of the cycle. Contrast that to the 90s (primarily Clinton years).  Working middle class incomes rose 10%. Had that continued household incomes would have risen $3600 instead of fallen during this period.

Still, there was income growth 2000-2007.  The article sources point out 90% of income growth went to the top 10% highest earners, the top 1% incomes grew 204%, while the top 0.1% had a 425% income growth. So, in general, if you make a lot of money, you did OK and spending is not an issue.  For working Joes spending is an issue even for those in the high end of the middle income bracket. 

So why are most cutting back on spending (if they haven&#039;t already)?  Let&#039;s run down a list of a few reasons why: 

1. Increasing unemployment/underemployment (unemployed for more than 6 months? Congratulations, you are no longer counted in the unemployed statistic).  What about those with jobs having no medical coverage, working at a lower wage, or part time?  Well, you are employed - too bad you have no money and can&#039;t share in the American dream. That&#039;s the way it goes - sorry, now get back to work, or I&#039;ll find an illegal alien that will do your job at half the wage.    

2. Rising medical costs - nice job there Republicans passing a drug bill that prevents Medicare from negotiating prices.  Why should medical care destroy a family&#039;s income or force them into bankruptcy (see the recent Harvard study that states as many as 80% of presonal banckruptcy is medical cost related, not scamming the system). We pay much more for medical care than any other industrialized nation and have little to show for it in terms of quality of health or life expectancy gains. Better hope you don&#039;t get really sick.   

3  Declining home values - poor fed and monetary policies that encouraged excessive housing growth and questionable financing schemes.  Oh, since 20 and 30 somethings have less disposable income, who&#039;s going to buy all those McMansions that Boomers and Gen Xers will want to sell in the next 10-15 years as they downsize? Wage/age demographics represent a hidden housing crisis that no one seems to address.  Good bye home equity values and anticipated retirement age cash.

4. A tax structure that supports transfer of wealth to the monied class. That and hiding  monied class income from taxation increases budget deficits and decreases ability to pay off the growing national debt.  The tax code does little to increase the &quot;acceleration of money&quot; passing through middle class hands, the real engine of the economy - how many washer and driers, or TVs will the wealthiest 1% buy versus how many will the middle class buy.  Hmmm, sounds like &quot;demand&quot; really does drive the economy, not this bogus &quot;supply side economics&quot; foisted on us by the conservatives. Now there&#039;s the real &quot;voodoo economics&quot;. 

5. An occupation in Iraq and Afghanistan that has drained the treasurey with little to show for it - Last I heard bin Laden is still on the loose and how much is this military expedition really costing, we don&#039;t really know since so much is off the books (greater than $3 trillion some claim).  Oh, I&#039;m a retired military officer and understand the nature of war with its costs during and after. VA benefits for wounded troops? Forget it. Flag waving &quot;Support our troops&quot; Chinese made lapel pin American flag wearing Republicans don&#039;t want to spend the money. Remember: Rumsfeld&#039;s Dec 2004 comment: &quot;you have to go to war with the Army you have, not the Army you want&quot;? Costs money to care for post war injuries, wonder if that was considered in the ramp up to war.  That&#039;s a necessary and appropriate Government cost that will fuel deficits and the debt growth for years.

6.  Growing energy costs - another good job there Republicans. Let&#039;s Keep tax breaks for oil companies with record profits but refuse to develop comprehensive energy policies that look beyond oil or pass tax legislation that benefits &quot;green&quot; businesses. Even Fortune recognizes &quot;green&quot; as the next major economic wave and job growth engine. The Rebulican solution? Drill drill drill, which even the Dept of Energy says will have little impact on energy prices (on the order of cents per gallon reduction).  So we postpone real action for 10-20 years.  Carter recognized the strategic importance of reducing dependency on foreign oil and started a &quot;Moon project&quot; for improved mileage standards. Reagan and company immediately dismantled that of course.  Think where we&#039;d be today, if that plan had been allowed to continue.     

7.  Off shoring and outsourcing work overseas placing downward pressure on wages. How about increasing customs and duties a little to help pay off some deficit/debt and bring jobs back to the US?  So let&#039;s see, Bush comes into office with a surplus and this year they are projecting the largest deficit in history.  So much for tax and spend Democrats.

8.  Weak dollar - No doubt related to unsound economic policies (high deficit spending and national debt)

There are probably many other reasons why spending has or will continue to decline.  In general its pretty clear, the current administration&#039;s policies with help of their Repbulican cronies in Congress are outright hostile to the middle class.  This war on the middle class is destroying ability to spend.  Finally, the chickens are coming home to roost.</description>
		<content:encoded><![CDATA[<p>Well let&#8217;s see, on Aug 28th here on CNN Money there was an article about how middle class inflation adjusted income declined while worker productivity increased over the last decade.  Productivity increased 18% even through two recessions. The article states: &#8220;Median real income for working-age middle-income families in the United States dropped $2,000 between 2000 and 2007, from about $58,500 to $56,500, the U.S. Census Bureau reported.&#8221; This is the first business cycle where middle class families have not shared in gains (profits).  Families had less real income now than at the start of the cycle. Contrast that to the 90s (primarily Clinton years).  Working middle class incomes rose 10%. Had that continued household incomes would have risen $3600 instead of fallen during this period.</p>
<p>Still, there was income growth 2000-2007.  The article sources point out 90% of income growth went to the top 10% highest earners, the top 1% incomes grew 204%, while the top 0.1% had a 425% income growth. So, in general, if you make a lot of money, you did OK and spending is not an issue.  For working Joes spending is an issue even for those in the high end of the middle income bracket. </p>
<p>So why are most cutting back on spending (if they haven&#8217;t already)?  Let&#8217;s run down a list of a few reasons why: </p>
<p>1. Increasing unemployment/underemployment (unemployed for more than 6 months? Congratulations, you are no longer counted in the unemployed statistic).  What about those with jobs having no medical coverage, working at a lower wage, or part time?  Well, you are employed &#8211; too bad you have no money and can&#8217;t share in the American dream. That&#8217;s the way it goes &#8211; sorry, now get back to work, or I&#8217;ll find an illegal alien that will do your job at half the wage.    </p>
<p>2. Rising medical costs &#8211; nice job there Republicans passing a drug bill that prevents Medicare from negotiating prices.  Why should medical care destroy a family&#8217;s income or force them into bankruptcy (see the recent Harvard study that states as many as 80% of presonal banckruptcy is medical cost related, not scamming the system). We pay much more for medical care than any other industrialized nation and have little to show for it in terms of quality of health or life expectancy gains. Better hope you don&#8217;t get really sick.   </p>
<p>3  Declining home values &#8211; poor fed and monetary policies that encouraged excessive housing growth and questionable financing schemes.  Oh, since 20 and 30 somethings have less disposable income, who&#8217;s going to buy all those McMansions that Boomers and Gen Xers will want to sell in the next 10-15 years as they downsize? Wage/age demographics represent a hidden housing crisis that no one seems to address.  Good bye home equity values and anticipated retirement age cash.</p>
<p>4. A tax structure that supports transfer of wealth to the monied class. That and hiding  monied class income from taxation increases budget deficits and decreases ability to pay off the growing national debt.  The tax code does little to increase the &#8220;acceleration of money&#8221; passing through middle class hands, the real engine of the economy &#8211; how many washer and driers, or TVs will the wealthiest 1% buy versus how many will the middle class buy.  Hmmm, sounds like &#8220;demand&#8221; really does drive the economy, not this bogus &#8220;supply side economics&#8221; foisted on us by the conservatives. Now there&#8217;s the real &#8220;voodoo economics&#8221;. </p>
<p>5. An occupation in Iraq and Afghanistan that has drained the treasurey with little to show for it &#8211; Last I heard bin Laden is still on the loose and how much is this military expedition really costing, we don&#8217;t really know since so much is off the books (greater than $3 trillion some claim).  Oh, I&#8217;m a retired military officer and understand the nature of war with its costs during and after. VA benefits for wounded troops? Forget it. Flag waving &#8220;Support our troops&#8221; Chinese made lapel pin American flag wearing Republicans don&#8217;t want to spend the money. Remember: Rumsfeld&#8217;s Dec 2004 comment: &#8220;you have to go to war with the Army you have, not the Army you want&#8221;? Costs money to care for post war injuries, wonder if that was considered in the ramp up to war.  That&#8217;s a necessary and appropriate Government cost that will fuel deficits and the debt growth for years.</p>
<p>6.  Growing energy costs &#8211; another good job there Republicans. Let&#8217;s Keep tax breaks for oil companies with record profits but refuse to develop comprehensive energy policies that look beyond oil or pass tax legislation that benefits &#8220;green&#8221; businesses. Even Fortune recognizes &#8220;green&#8221; as the next major economic wave and job growth engine. The Rebulican solution? Drill drill drill, which even the Dept of Energy says will have little impact on energy prices (on the order of cents per gallon reduction).  So we postpone real action for 10-20 years.  Carter recognized the strategic importance of reducing dependency on foreign oil and started a &#8220;Moon project&#8221; for improved mileage standards. Reagan and company immediately dismantled that of course.  Think where we&#8217;d be today, if that plan had been allowed to continue.     </p>
<p>7.  Off shoring and outsourcing work overseas placing downward pressure on wages. How about increasing customs and duties a little to help pay off some deficit/debt and bring jobs back to the US?  So let&#8217;s see, Bush comes into office with a surplus and this year they are projecting the largest deficit in history.  So much for tax and spend Democrats.</p>
<p>8.  Weak dollar &#8211; No doubt related to unsound economic policies (high deficit spending and national debt)</p>
<p>There are probably many other reasons why spending has or will continue to decline.  In general its pretty clear, the current administration&#8217;s policies with help of their Repbulican cronies in Congress are outright hostile to the middle class.  This war on the middle class is destroying ability to spend.  Finally, the chickens are coming home to roost.</p>
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		<title>By: J.GROSS,BAKERSFIELD,CA.</title>
		<link>http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/08/29/consumers-the-21st-century-weeble/#comment-18735</link>
		<dc:creator>J.GROSS,BAKERSFIELD,CA.</dc:creator>
		<pubDate>Fri, 29 Aug 2008 21:59:57 +0000</pubDate>
		<guid isPermaLink="false">http://cnnmoneytalkback.wordpress.com/?p=212#comment-18735</guid>
		<description>Cut back on travel,1 vehicle stays in the garage the smaller just for shopping,if we all were gas smart ooil would come tumbling down as there`s no shortage just manipulation.We have cut back on travel &amp; all enrgy usage,even water usage,paying almost the same but stores &amp; big oil need a message too as they want all the 444,s they can hold in their greedy little paws.The consumer has the power but is too weak,or will not relinquish a lifestyle they cannot afford but will try to live regardless,business &amp; credit companies know it &amp; are organized &amp; will use it.</description>
		<content:encoded><![CDATA[<p>Cut back on travel,1 vehicle stays in the garage the smaller just for shopping,if we all were gas smart ooil would come tumbling down as there`s no shortage just manipulation.We have cut back on travel &amp; all enrgy usage,even water usage,paying almost the same but stores &amp; big oil need a message too as they want all the 444,s they can hold in their greedy little paws.The consumer has the power but is too weak,or will not relinquish a lifestyle they cannot afford but will try to live regardless,business &amp; credit companies know it &amp; are organized &amp; will use it.</p>
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