| Title: |
yOU KNOW IT IS A BAD ECONOMY WHEN... |
| Published: | Tue, 27 Oct 2009 |
| Description: | What if you gave a house giveaway and nobody came? This was almost the scene last week as Wayne County (Detroit) tried to auction off almost 9,000 repossessed properties only to find over 80% of them drew nary a single bid, even with the minimum set at $500. Finish this sentence: You know it is a bad economy when..... |
" 877469432218774694322. You know on. Thursday. The the nation's gross domestic product to make the big announcement and it's gonna show the first quarterly improvement since the April may June period of 2008. At all Leo homers and Schultz the Obama shells on MSNBC. And of course MSNBC. And of course in BC. There and the globe in the New York Times are gonna say there recessions over and all Latin everything's everything is just fine and dandy and wonderful. But nobody's. Really buying that are they. So my question for you with us. You know the economy is bad win fill in the blanks. You know the economy is bad when fill in the blanks by the way before we get into a topic go like to thank the cal -- for sending over find spread the way they do every. Tuesday afternoon at this time make me the most popular guy here that they radio station I got out of my studio spread out. The cal -- and it's on one north and sawgrass and it is Boston's premier Asian mining experience. Holidays coming up. Perfect place for Christmas party for you're your crew -- outfit whatever it is. And just a nice place to go for better anytime -- hungry but Kowloon on route one north since August thanks thanks for a long family for -- and over find spread has always. Michael came over from Michael's -- the came over head if Ted in Georgia's enjoyed our rock our spread here. Glad to see -- you -- things that's been going into tanner. That's right brought me some -- doctor Brown's cream soda to to wash it down what. Thank you Michael from Michael's -- on the Harvard street in Coolidge corner Boston's finest Delhi. Stopping in for some of Boston's finest Chinese food be how do you know the economy is -- They of 11 way than through my wife came up with a -- she has shoe that's several was several people call you know like they get the guy who had in the past has done our era. Our pictures of thing our Christmas pictures of the kids he called and said said to say you don't created go to Christmas picture this year right for the kids. Model think's -- now. Then there's this guy he's named he he he. We brought men at the at that first of the this. The seasons the growing season two to get the grill and -- more you know reported you know clean it up by that. Make sure everything was fine and the NB. If he called back and said yeah I I guy but I do we do want me to comment I got I got a new war. I got a new sharpener for scissors I'll comment I'm gonna do some free scissors for me and you know -- and Keisel. Mandate everybody needs to work don't they want Heidi the economy is bad when. -- called my a my mother -- North Carolina. She she's gotten she goes to this place on Mondays this sub beauty parlor. You know mostly charger to door here on out on Monday. Course that's a slow day in the in the beauty parlor world. Three box. Three bucks. But -- sounds like the you know Bonnie and Clyde that it's. So apparently a last week she had a she she had a he had doctor's appointment on Monday Scioscia to cancel her appointment to get -- three dollar here washing every thank. Actually called -- on Wednesday and they said mr. scar you wanna commend Wilson will still only charge -- three box. No I don't think the economy's coming back. They weren't they had they go home auction in Detroit you all these abandoned homes the more than the couple of Bob couple months ago. The Detroit Free Press of the Detroit news which by the way it's another example of how great the economy as they don't even do home delivery of the newspapers three or four days out of a week now. In Detroit either of the papers but one of the store they said do you know that there's a -- that there is a house for sale in Detroit for -- can. And so somebody roller to the editor why that you wouldn't be classified ads in your own newspaper there's at least five houses. -- year old classified ads last Sunday for a block. So anyway they had a they had all these they had an auction of all these houses in Detroit."
" With that congressman and Thaddeus -- he's from suburban Detroit it's from Livonia. And he was a few weeks ago. Then we're talking about are off fair and you he said that that Detroit has an infrastructure that's built for torn a half million people. -- a half million people. And they think committee think the population may be down the 600000. Everybody is fully so they had all these houses that they were auctioned off the city was gonna auction them off. And just try to you know they they didn't they just wanted to get impact on the actual screw us did -- their whole like it this whole. This miles of the of the communities it in my it's it's it just been abandoned. And they started the bidding for these houses in Detroit at 500 bucks 500. Box. Nobody want -- they sold the field but basically nobody went and nobody wanted to buy a house for 500 box. So this might quiet the so that the topic here is you know the economy is bad when you fill in the blank. How mussina indications that the economy's bad 18774694322. G."
" On your next with how we cargo ahead -- Whole -- glad John."
" Do their job. Matt you're next with how we are glad --"
" I -- out naturally and the economy's so bad right now are there. Almost vacant lot that you were talking about you added those all -- together. -- area would be a big at a Boston."
" Isn't that amazing. How bad the economy is. Good lord. -- to be for forty years ago fifty years ago that was that was one of the most why leaving cities in the United States."
" You know I I think the mayor said that -- the murder rate in your daughter Detroit because there's nobody left issue."
" And there's that yeah there's a lot fewer casualties a drive by shootings is nobody's there's nobody around to get caught in the crossfire. -- territory yeah go ahead what's your other example."
" They got -- cut off topic but you'd think Obama Oregon Chicago he had gotten acorn and the IOC people who are clear."
" Thanks to a called Matt. There -- 8774694322. Scott you're next with how we cargo ahead Scott."
" How this is John -- they are so bad I'm actually driving east gonna route now."
" All we -- home."
" We just love love it or you could achieve compliance quality out like coat."
" All at all. Why -- you -- volume Kabul you'll do you'll look simply smashing."
" but -- how I -- to -- to darker for myself owned oil actually run out of truce and."
" Thanks for the call Senator Kerry. 18774694322. Days a year next with how we cargo ahead daisy."
" Hi how he gets -- and expand the already but you know the economy -- debt limit. There are more notice of foreclosure and help wanted ads that bought the."
" Boy that's for -- that's a good example the I mean I just goes the other -- mentioned -- yesterday Thad -- Amarillo the former have a turnpike they're they're for closing on his house -- gonna have an auction next Monday morning. -- he that's another thing you you know that you know it's a bad that you know the economy's bad guys will make it 200000 box two or three years ago are now well the -- you see the name in the paper now is when their four closing on their house."
" Thanks for the called -- 187746943220. Joe you're next with how we cargo at --"
" I our aerial. Good -- you know the economy is lead is bad -- rom Emanuel says that it -- that -- Anything god almighty. Okay beat up all of bomb they just solid edge just all red roses and everything every. Fortunately I work in an industry well we're kind of on the current grounded out of the bleeding edge of all those. What the economy because we do do business development for IG of the high tech companies so we were always kind of a little bit ahead of the curve so we can see that. You know folks are shouting to a leash to locate new technologies. Seeing what's out there they're not a hundred dollars they were 67 months ago. So all I mean it's slowly we're starting to see -- at least that my company that doesn't. They're gonna try can they get also -- local individuals who did you know we're executives on a daily basis that in other at least starting to look at -- but. It's dulled we're still a lot slower that we were say year year and a half ago."
" Yeah I know they're they're they're still play -- still push to that by saying you know that the the year to year decline in home prices. Was only eight only eight point 9%. Last month it was eleven point 4%."
" Right of one George Bush was an office and it was 5% everybody was ready to just go nuts and say that we wear it of the tank."
" Right -- the other we're showing pictures of you know soup kitchen lines in the Chicago Atlanta. Al Capone testing Albuquerque that's what you know value to the horrible step you know -- But not now it balanced and normal but you know -- its unemployment is the new normal."
" Yes I heard tiger doing his best yet with today's SEI RLR can get out different on Iran to golf this weekend Gerald Ford --"
" That's right yeah that's right we're gonna bring a woman a log in you'll keep the national organization for women off your credit exactly thanks -- yeah."
" Provide 18774694322. DC sniper faces execution by lethal injection November -- that didn't wasn't. It's been pushed back a week -- sorry to be the bearer of bad tidings. Jay's been try to run out the clock. It's like the old days with the four corners offense indeed it's -- Darryl you're next with how we cargo ahead --"
" And I'll ask where is it true you know the economy is bad. When you see on TV and advertising expert Chia Obama. Talked last night I couldn't believe it badly did go -- all this time. I don't let burn more job -- Obama."
" But I won 8774694322. You know the economy is bad win dot dot dot. New lips Paula you're next with how we cargo have all."
" I LE -- You know the economy is really -- when it be incumbent democratic gobbled up from the people's republic of Massachusetts. Has to call on the president for assistance in getting reelected."
" That's true well you that you know the economy you know the economy is bad to win these suits sitting governor of Massachusetts says Massachusetts will lead the nation and its recovery. And then the next day announces he's go have to lay off 2000 state employees and cut the budget dubbed by another 600 million because that's how much tax revenues are down."
" Yes some exude incompetent so yeah we're we're all exude. That Paul you know they're scratching their heads the state justice that. How -- revenues beat down we raised exits. -- turn out all right right exactly thanks for the call Paul."
" 87746943. To do it always has worked in the past you know -- raise taxes. What's happening here. The issue historian -- in New York they they've lost a million people in the State of New York over the last eight years a million people and their all the -- the high income types. They say that the they and then they can they're shocked because you know what they're welfare state policies. Our people are still moving in the state but there're all welfare. Recipients. And they need government services and all the people. Who pay the taxes it actually worked for a living are leaving. The average person this was -- New York Post say the average person who was left Manhattan. Yen the last eight years. Made an average of 983000. Dollars a year. Now 83000 dollars a year half and most of armor going either two to one but two states New Jersey or Florida. Do you feel the wasn't going to New Jersey those little ones who still got a few years left to work and the financial district are. Somewhere in midtown and the the ones are going to Florida probably the ones that are retiring just just pack -- 18774694322. Cathy Hume you're next with Howie Carr go ahead --"
" lot of -- listening he didn't pay any -- that you keep -- chickens. And it didn't seem fair to me the you know the economy clearly."
" I'm telling you chickens are a bad thing to have Kathy and you know Patrice is had a right that I am a cheap skate -- lab but muted chicken you can take your garbage you can recycle it. In two war into eggs. And then the the the extra material that's left over from the chickens you can use this fertilizer for your guard -- not because if you had fed to chickens truck and aiming to become carnivores. See any -- you keep blaming me I am telling you -- you know I don't I don't know why these things I don't know I don't have Bob Frank Perdue style thing you know where. They let me tell you know it now -- kind of what how to raise the chicken. Then those stake in block direct you -- your chickens and turn -- into -- I got it I got some chickens for Wright is third that I just SI SLI got a chicken -- some religious and put amended chicken -- Arnie knows Lincoln book for that -- we're -- chickens. Pinpoint Wimbledon raising chickens were down through the -- Jan may -- somebody had to take care about which you did wings I don't need the latest that I did fine with those chickens -- the chickens -- delivered New Hampshire they -- a nice long life. In Germany data maybe he gets now they got I told CNB they got fed that they garbage they're missing nutrients they were starving it. Police police say you don't know nothing about chickens see I know what she told -- you kill the bird that's all you know is your your bird murder. Thanks for the call Kathy. 18774694322. You know the economy is bad when dot dot dot Bob your next with Howie -- go ahead Bob."
" But I -- right Rupert -- yeah. I would bet I've I've had to sell a couple of my newspapers. And the ultimate undoing it down on average square --"
" they don't sell nearly as many papers and Harvard Square now Rupert as they used to it's amazing they'll get too many long shots -- out of town newspapers could stand doesn't get too many out of town newspapers anymore either is everybody's read them online. But congratulations Rupert The Wall Street Journal your paper was the only one out of the top 25 the went up in circulation."
" Well I could certainly be -- chicken -- out."
" But a place with a call Bob. 187746943221877. For you know the economy is bad win dot dot dot dot. Dan your next with Howie -- go ahead --"
" Captain my captain you've probably heard this already but everybody in email from a friend of mine it says. You know the economy is bad when shares in the hot wheels and matchbox are worth more than shares in Chrysler and -- unless."
" Yeah I thought I thought about that they have yeah."
" Until other hey you know what -- appeared -- great -- and -- us. You know it's bad when not all the mill workers are getting laid off because the pulp industry don't in the act and they say it. It's good for the economy at 10% unemployment."
" Writing and it's the new normal that's -- that's the phrase they use."
" I think normal they'll just in the jobs that immigrant migrant blue berry --"
" would George Bush at a 5% unemployment rate it was the new depression. Now it Barack Obama has 10% and it's the new normal. -- but that but the mainstream media is not in the satchel for the Democrats is that oh now. Not at all 18774694322. Mary your next what cowboy cargo ahead marry."
" Hey -- haven't listened -- you for a long time first time gotten through its not my real name they don't need to use the voice changer. I just wanted to let you know that I work. And to. Particular industry where I -- becoming a federal employee yes so like it saved my job and keep my income. And I'm not an and that could be hacked I'm gonna work."
" Yeah but yeah you're you're switching careers in other words."
" Fame career same position dependent become a government worker and opposed to. Being eight support contractor."
" Boettcher is suddenly looking at a real big pension compared to what's really."
" Yeah. No no pensions and about the government and mark. No and a way they had packed like change in 1986. Federal workers who were hired after 1986 delegate attention you know look at."
" That Social Security that's at."
" Yeah that that that also carried for a long case."
" got to get a job as a state worker because they still get pensions."
" Yet that cute pregnant guys if something is very that's been going on still oh yeah. So you Aaron Guiel. I haven't after that they have outlawed trade stick it -- down around my house. An estimate of five to 10000 dollars and twenty trees taken down yeah you know post BI started December 2000 and they. Now I'm getting estimates of 3000 dollars you know why. People are taken the blood. This followed trade and negative salads because. They have no other kind you don't know what that means that Bangkok aided absolutely ridiculous this recession is gonna go I'm a -- analysts. And I see the number and a the only reason why this peaks. It it in again the housing market now that. It because of this stimulus package and that could disappear what happily that disappeared. Right back down the bottom."
" That's -- this cash for clunkers is one reason why the economy is just gonna take this pineapple up -- real numbers that are gonna be lonely there."
" Have they should have let the economy correct itself what the government get their hands out of everything."
" You know that's an elected government workers though now merry."
" I'm I'm sorry I'm not through government worker epic that's always -- I'll always be a true Republican."
" Your refugees have been dreaded time secondly. I don't refugee day."
" Yeah so and and hopefully the government doesn't recognize my -- they still are committed jobs."
" Thanks for the call mayor narration. 18774694322. Bob your next with Howie -- you know what's you know the economy is -- coming back when go ahead Bob."
" Kelly -- sitting down yes. We actually head to Dunkin' Donuts go out of business in north wanna."
" Your kids within the shocking that is shocking don't what is -- That tells we've always drive to work in the morning anymore get it right."
" Actually closed up added that it. A dump it down."
" Whole legally. I like they're like you know I remember would that be open and I'm like yeah it's a win a second isn't there a Dunkin' Donuts across the street from this new one that's opening. -- and sometimes there was --"
" Yes exactly but -- truckloads. And real estate sign on the front and on I don't get."
" While you -- that you get a thanks for the call Bob Jumbo your next with Howie Carr you know the economy is bad -- go ahead but."
" The crap her when they're closing McDonald. It's starting with a three nicely right -- today all three of them and that they haven't figured out that if people aren't."
" Working then they're not going out to --"
" Well MacDonald is like McDonald's is still the one okay the other big going to be the last ones there I mean in Iceland. Iceland is really in the Great Depression."
" Well what it says I've heard that there was some as well in this area. Just a friend of mine called me today and mentioned at McDonald's going out of business do what not although I do. There's a couple in the depressed areas probably in Detroit right."
" I don't know -- I all I there was once a year mcdonalds at Davis where the went out of business that's the only big fan I still remembered because it's the only McDonald's lay oversaw the went out of business thousand Summerville -- I think that was more of you know a question of just. You know there was no. Is there there was no place to park and I don't think that there were too many other like sub shops around like that's what. Killed about the economy thanks for the call a Jumbo 18774694322. On our car. Guess about --"
" 18774694322. Miles that's what a coincidence. But your present discussion on the poor economy tonight PBS Frontline how the recession has affected New York's upper east side sounds good. I guarantee you there -- a lot more. Vacant storefronts now just like there -- Brookline is that there's a couple of web sites -- Brookline which just have a map showing all the empty storefronts and then you know you click on at the empty storefront they tell you what went out of business. It's it's bad out there. Did not just in the -- neighborhoods the Brookline in the upper east side are heard and Chris you're next -- called to say they know that that McDonald's -- sent closed yes it wasn't because of finance and why was it. And is health issues. Health issues. I never got poison there are you arguing poisoning. Crennel is more likely now bugs Chris you're next with cowboy cargo ahead --"
" Hey you know the economy's bad. When Republicans who -- calls for eight years and came in with a serve us and left the."
" Call this is our only make this a boon to address you want study was to explain to me how this is the new normal. It's it's great and there then why -- I thought Barack Obama said if he didn't get the stimulus plan. The unemployment rate was gonna be eight point 5% he got the stimulus plan and now the unemployment rate is 10% -- not half. Happened there in the water well now I think it's because Barney Frank and Leo Barney Frank and Chris Dodd our -- prime culprits their prime suspects in the sub prime mortgage. Acorn was bush and for the sub primes so I'm Howie --"
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