Think Progress

U.S. consumers most pessimistic since Nixon was president.

The latest S&P/Case-Shiller home price index finds that U.S. consumers “are more nervous about the future than at any time since December 1973, when Richard Nixon was President.” The survey also found that home prices in 20 U.S. metropolitan areas “fell 10.7 percent in January,” the sharpest decline since 1987.



54 Responses to “U.S. consumers most pessimistic since Nixon was president.”

  1. DallasNE says:

    Maybe that is because Bush reminds people of the abuses of Nixon. You know, two peas in a pod. There is simply nothing to be optomistic about. End of story.


  2. Nevar says:

    I was nervous about Nixon back then….


  3. Badmoodman says:

    Wow, two Nixonian referenced blogs on the same day. Is there a hockey game in Hell tonight?


  4. Erroll says:

    Yet conservatives will inevitably spin this by claiming that people and especially liberals are being too grim while conveniently ignoring the fact that there is very little today to indicate any reason to be cheerful about the future. If by some miracle the troops were to be immediately brought back home, those on the far right would claim that this action would somehow make the U.S. less safe, despite the fact that it is the U.S. presence in Iraq that is the cause of so much of the violence and bloodshed in Iraq.


  5. Brain From Planet Arous says:

    I heard Bush and Cheney are having a seance and contacting Dead Presidents Nixon and Reagan for advice in the next 10 months.


  6. Nevar says:

    # Badmoodman Says:
    March 25th, 2008 at 8:53 pm

    Wow, two Nixonian referenced blogs on the same day. Is there a hockey game in Hell tonight?
    Add Karma Recommend (0) | Report Abuse

    Who’d a thunk Nixon would be resurrected as a hero within the same generation?


  7. Shayne says:

    Dick Cheney was told of this report and said, “So.”


  8. vehyrehk says:

    I’m not old enough to how people felt about nixon only how corrupt he was, but from what I understand about this admin. he looks like an alter boy


  9. Badmoodman says:

    nixon…. he looks like an alter boy

    – - First president to go to Communist China, so yeah, he was an agent of change.


  10. Nevar says:

    “…he looks like an alter boy…”
    Add Karma Recommend (0) |

    That’s about the size of it.


  11. Zooey says:

    I never thought I’d yearn for the days of Nixon…


  12. Nevar says:

    Cheney and Rumsfeld sat back in the corner…. watching Nixon, Agnew, Haldemann, Dean and Hunt go down the tubes, and said:
    “Hmmm, we won’t make tapes, we’ll shred everything as we go along, we won’t get caught like these dooofusses…


  13. Brain From Planet Arous says:

    Let’s not get romantic about the days of Tricky Dick. I remember him and Agnew basically saying “So?” when 4 Kent State Students were killed. “They deserved” it was the sentiment of the Cro-Magnon’s back then, who were of the same breed and stock. The same personality/brain/mind has been there throughout history, and those people have done their best to kill and/or silence the artists, musicians, gays, witches, visionaries, pagans, radicals, union organizers, environmentalists, scientists, and feminists. We just have a new boss, same as the old boss. Nixon was simply a slimy, paranoid, neurotic sociopath. Bush Jr is a psychotic, paranoid, neurotic sociopath. Now I didn’t even mention those other Neo-Con Butt-Kissers Reagan, Bush Sr, and Clinton.


  14. Nevar says:

    I didn’t even mention those other Neo-Con Butt-Kissers Reagan, Bush Sr, and Clinton.

    Or the Enabler in Chief, Gerald Ford…


  15. WaltTheMan says:

    Who was President in 1987? Surely, it was not a Republican!


  16. Cats r Flyfishn says:

    Here’s something else that happened in the Nixon administration. This is something no one wants to talk about…
    http://www.opednews.com/articles/opedne_jerry_ze_080325_1974_3a_hillary_lost_j.htm


  17. pinkopreevert says:

    First Off, at least Nixon tried wage and price controls, to cure the problem. After Reagun, something like that won’t happen, again.

    I can’t believe I actually said something good about tricky Dick. Thank god, my father isn’t around to see this.


  18. blue state bob says:

    I was too young to remember Nixon, but it seems to me that Bush is worse than Nixon. The EPA, the Endangered Species Act, OSHA, relations with China. At least you can point to some successes from the Nixon presidency, you can’t point to one from this POS administration, not a one.


  19. specialist f says:

    WaltTheMan SaysWho was President in 1987? Surely, it was not a Republican!
    We also bailed out alot of financial institutions about that time, including McBushs Lincoln Savings, and Neil Bush’s Silverado S&L. History repeating itself??? Do we ever learn???



  20. civil behavior says:

    Who’s pessimistic??

    I was 20ish when Nixon was president.

    Now I’m 50ish.

    We have had our home for sale for a year and a half, only one of us can work as retail has become unsustainable for running a small store, food has become so expensive we shop sales constantly, I bike to work and we fill up only once a month for other trips.

    Hey, what’s to be pessimistic about. I can barely survive, the war is sapping billions in dollars and hundreds of thousands in lives, the rich are getting richer and could care less about the serfs, the dollar is plummeting, etc etc etc.

    Heck, life is just great under King George isn’t it???


  21. specialist f says:

    Nevar Says
    What Cooper may have got away with is small taters compared to what the Keating five and the bush clan have STOLEN. I’ve always wondered if D.B. got away or perished?


  22. specialist f says:

    Cost of 86 savings and loan crisis,$124 billion.
    Cost of this mortgage “crisis”…WHO KNOWS???


  23. Nevar says:

    Back in 1971 $200,000.00 was a lot of money…
    nowadays it’s a real estate commission on another Wal-Mart.
    If it really is Coopers ‘chute, buried in a field, somebody got away with the moola……


  24. vehyrehk says:

    I don’t think every texan voted for bush but the one’s that did to make him governor should be embarrassed and ashamed .. cause that was his only stepping block to become idiot in chief … his daddy probably bought him the seat for x-mas right? what a maroon


  25. christopher wiwi says:

    This whole administration has bought into the “NOBLE LIE”. This fascist gov`t of ours is based upon lies, greed, corruption, cronyism and contradictions. Bushco makes Nixon look like a pussy for what he did.


  26. specialist f says:

    vehyrehk Says:
    He’s not even a real Texan just a Conneticut cowboy who’s afraid of horses.He’s also failed at everything he’s attempted. This is the guy who couldn’t find oil in Texas?


  27. Xisithrus says:

    An end to the war would be good, not bad, for American business. War is, as we would say in business, a low-yield operation. —Louis B. Lundborg, Chairman, Bank of America


  28. tombaker says:

    Does this mean “The Bob Newhart Show” and “Sanford and Son” will be making a comeback soon?

    It’d sure be a nice step up from “Survivor” and “The Apprentice”.


  29. Marie says:

    This should come as no surprise.
    I didn’t think it possible, but Bush is far worse than Nixon, more poisonous to the nation and to our democrtic form of government. And Nixon was so reviled that he was forced to leave office, and his henchmen went to prison.
    No one in this criminal cabal has paid for his crimes; in every way, the nation is sinking faster as time goes on. There is no reason to be optimistic. By the time Obama becomes president, we will be in an even worse state than today — I don’t expect anything to turn around quickly. In fact some damage may be irreparable. George Bush will be in the history books as the worst president in our history.
    That will be his legacy.


  30. The Republic of Stupidity says:

    I recall Nixon as not being a particular nice guy and rather paranoid, but at least he was obviously INTELLIGENT. Botch? He’s such a socially inbred moron. It’s kinda painful watching him manhandle basic sentences. SOB’s incoherent half the time.


  31. Marie says:

    I am watching Bush’s War right now and if there is any doubt that Bush deserves imprisonment, this documentary will remind you.
    Bush, Cheney, Rumsfeld, Feith, Wolfowitz, Chalabi, Bremer, Rice, and all the other names we have come to know so well.


  32. The Republic of Stupidity says:

    But how odd you still manage to come up with the cash to have a computer with an internet connection! LOL!
    _________________

    Aw, bugger off… you know nothing about the person’s circumstances, but you have no problem twisting their words into something derogatory.

    So, Mummy out working her 2nd job tonight, leaving you free to roam the cybersphere via dial-up?


  33. cerberus says:

    Marie: And I cannot wait to see them all brought to trial and/or imprisoned. It will come to pass – of this I am certain. The people will not permit them to waltz off scott free after what they’ve done to this country and the rest of the world.

    The economy is in the sewer and Bush bails out his fascist buddies – another crime against the people of this country – for whom he works as a public servant.

    Impeach these thugs now before they totally destroy this country.


  34. vehyrehk says:

    Marie Says:

    Line em up .. I’ll build the gallows and buy the materials myself !!


  35. cerberus says:

    The reason for mass apathy may be their mind control psyops via sound waves and frequencies. Otherwise, I cannot imagine why people are not out in the streets right now.

    Bush is 100 times worse than Nixon. Nixon was impeached for violating the law ONCE, mind you – once in the illegal wiretapping of the DNC at Watergate. He was summarily impeached for it.

    Bush has committed about 50 times the impeachable offenses and yet he sits there with his disgusting smirk taunting the people “catch me if you can”. I think it’s high time for the people to join together in a class action suit against the members of this administration who have violated their oath of office and who are co-conspirators with Bush & Cheney and bring them all to the table of justice.


  36. cerberus says:

    Google HAARP and how long it’s been in use. It will shock you and make your hair stand on edge. And don’t believe for a moment that they would not use this as a “national security” measure to control the people and restrain them.


  37. blue state bob says:

    Tracy2 spouting off again, did you get a $.25 raise at the Winn Dixie and now feeling flush with cash? How sad you are, sad and PATHETIC.


  38. flavorino says:

    Tracy2 Says:
    March 25th, 2008 at 10:55 pm

    civil behavior Says:
    March 25th, 2008 at 10:05 pm

    “I can barely survive…”

    But how odd you still manage to come up with the cash to have a computer with an internet connection! LOL!

    why is that so odd/funny?
    Cost of computer- $450
    Internet Connection- $29.99/month
    Cost of average house in my area @ $450,000
    Average mortgage payment in my area- oh maybe $3200/month
    Cost of Health Care/insurance for family-????

    If I were to lose my job, one of he last things to go would be the computer and the internet connection.
    In today’s world that’s a valuable (required?) tool in finding a decent paying (professional/corporate) job.
    What I do find odd is the people who have to have the big screen tv, and then can’t make their mortgage payments.


  39. flavorino says:

    Cheney’s Mission Accomplished!
    He has turned the clock back to the Nixon era (or error).

    At least in retrospect in addition to the damage he caused, Nixon did initiate some positive directions in diplomacy, OSHA and the EPA.
    The Bush/Cheney gang has been almost 100% destructive to this country. Corrupt, dishonest and incompetent at an unbelievably, mindboggling level.


  40. Above the Clouds says:

    Bush and his Administration had better start getting used to the “Bush-Nixon” correlation as both will go down in history as a couple of nut-filled turds who chose instead of America their own greedy politics of craziness and corruption. Men who both had it really good until they shit in their own nests.


  41. blue state bob says:

    off topic, but more Antarctic ice crashing into the sea. But global warming doesn’t exist say the haters of science and logic. Well, they can eat my poop and die.

    http://www.cnn.com/2008/TECH/science/03/25/antarctic.ice/index.html


  42. WaltTheMan says:

    cerberus Says:
    March 25th, 2008 at 11:03 pm

    Tricky Dicky was not impeached. He took the last plane out of town before that happened!


  43. vehyrehk says:

    cerberus Says:
    March 25th, 2008 at 11:04 pm

    I did read most of that article … well my thoughts are confirmed thank you … they are the most insidious nay?


  44. Zooey says:

    Tracy2 Says:
    March 25th, 2008 at 10:55 pm
    But how odd you still manage to come up with the cash to have a computer with an internet connection! LOL!

    Hateful b!tch, ain’t she?


  45. azwazzy2 says:

    OT, but important. Thom Hartman had the full story this morning. Cheney was in Saudi Arabia, the next day, an article similar to this appeared in the leading SA newspaper,
    http://wiredispatch.com/news/?id=96940/



  46. Keith says:

    Gin Says:
    March 26th, 2008 at 1:56 am

    Ah, the myth of the Illinois votes again. You hear it so much that very few people know that if you take all of Illinois’ electoral votes away from JFK and give them to Nixon, then JFK still wins!

    And VP Nixon in 1954 wanted the US to go into Vietnam on the Side of the French to prevent them from losing. He even wanted use of nuclear weapons. That could have touched off WWIII.


  47. old_hack says:

    MIKE GRAVEL IS RUNNING LIBERTARIAN IT’S OFFICIAL.

    HTTP://WWW.GRAVEL08.US

    GET INVOLVED PEOPLE THIS IS GOING TO CAUSE A RUCKUS!


  48. Tawdry says:

    Hey Tracy2, bet you kick dogs and old people, too. Just bet you’re a Repub (Duh). You remind me of this quote: “If 10 people were cheating on welfare Dems would feed all ten so no one would starve. Just the opposite, Repubs would stop feeding all 10 to punish one.” Bleeding heart Liberal? I admit to it. Better than a war-mongering mean-spirited Conservative.


  49. freedom lover says:

    Gin Says:
    March 26th, 2008 at 1:56 am
    If Nixon hadn’t had the 1960 election stolen by the mobbed up Kennedy crime family the world would be a better place today. He wasn’t afraid to deal with the commies on a face to face basis. There would have been no Viet Nam war and no Cuban missile crisis to lead to a long drawn out cold war. After what old Joe Kennedy did to him, it’s little wonder he became paranoid.

    Recommend (0) | Report Abuse

    Fortunately, Nixon was driven from office by patriots. If you were a patriot, you’d know that, and you’d be looking for Bush’s head.


  50. Tawdry says:

    #55 comment. Sorry, meant to say “10 people thought to be cheating”.


  51. Yamara says:

    December 1973 was the onset of winter during the 1973 OPEC oil crisis.

    Few people liked Nixon then, either, but it was the gas lines that were on everybody’s minds in the United States.

    How would we ever handle this new “energy crisis”?


  52. youtube says:

    He wasn’t afraid to deal with the commies on a face to face basis.sohbetbut it was the gas lines that were on everybody’s minds in the United States.
    bedava mp3 indir There would have been no Viet Nam war and no Cuban missile crisis to lead to a long drawn out cold war.



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