10/27/2004

U.S Confidence is dealt another blow

Boom! another hit. Continuing job worries have worsened consumer confidence in October. If it weren't for the optimistic news of oil today, it may have been business as usual on Wall Street and Corporate America, crapy. It seems like news just seems to get drearier by the month with no end in sight. Unless: oil prices get down to thirty bucks a gallon, Iraqi diplomacy succeeds to make Iraq a safe and terrorist free democratic state, and jobs become in rich supply the outlook for consumer confidence in America seems bleak. According to consumers' assessment of overall current conditions in the economy is short of okay. Despite the troubles of Iraq, and oil consumers are fearing the ability to get and sustain a well paying job. The lack of growth in the world economy has cut job growth which has in turn dealt a blow to the average consumer who can no longer help sustain a growing economy. The supply for jobs or investment just isn't there according to analysts.
www.msnbc.com/id/6335941

6 comments:

Biancca said...

The oil problems have created some jobs, but not the ones we want. My brother is leaving for Iraq in a few weeks because it is the only job he could get that provides decent health care for his sick wife. I hope he comes back.

John West said...

Bianca we all are in debt to those that are in Iraq and I hope your brother makes a swift, safe return. Anyways, oil is the mechanism that drives the global economy. America is in a desperate position because we don't have control over it. Whomever is appointed office in three days must make it a point to explore other alternatives. Oil is not just going to go out of our economy while we implement other sources of energy, but wouldn't it be nice to have it on its way out in order to make room for something more affordable and environmentally friendly. I don't know if such a thing exists, but with mans continual ingenuity I have no doubt that we will find something.

Bryce Larkin said...

This is such a doom's day report. It might be true that the economy is declining but who is at fault? I believe that we are at fault. Instead of blaming the oil prices for the bad economy look at a brighter side. There will always be something wrong in the world.

Maudi said...

The U.S. needs to take a different approach to the way it talks about job opportunities. There are jobs out there the problem is our society is to good for these jobs. Americans need to use their enginuity to formulate a plan to provide jobs that are higher paying and more fit for the mental capacity of the average American.

Dr. Tufte said...

What does this have to do with ManEc?

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