"Jim," wrote in message
...
John H wrote:
On Fri, 18 Feb 2005 13:36:39 GMT, "Jim," wrote:
JimH wrote:
"Jim," wrote in message
...
JimH wrote:
"Jim," wrote in message
...
John H wrote:
On Thu, 17 Feb 2005 18:57:37 GMT, "Jim,"
wrote:
"Jeff Gannon's" incredible access
There's evidence he got into White House briefings before he was a
"reporter."
And the only reporter with a decent question!
Thank you. Senate Democratic leaders have painted a very bleak
picture of the
U.S. economy. [Senate Minority Leader] Harry Reid [D-NV] was talking
about soup
lines. And [Senator] Hillary Clinton [D-NY] was talking about the
economy being
on the verge of collapse. Yet in the same breath they say that
Social Security
is rock solid and there's no crisis there. How are you going to
work -- you've
said you are going to reach out to these people -- how are you going
to work
with people who seem to have divorced themselves from reality?
Good one, no?
John H
On the 'PocoLoco' out of Deale, MD, on the beautiful Chesapeake Bay!
"Divide each difficulty into as many parts as is feasible and
necessary to resolve it." Rene Descartes
NO! the US economy and the SS system are 2 different entities. The
market has yet to reach the level it was when Bush assumed/stole/was
anointed to/ somehow got office. UN employment (in real numbers) --
is about the same; Millions of jobs have moved offshore, bankruptcies
are up
Tell me John -- what IS good about the economy?????
I can answer that:
1. A larger than expected rise in retail sales (.06%)
2. Average hourly earnings up
3. A decrease to 5.2% in the unemployment rate
4. 1% increase in productivity during the 4th quarter 2004
5. Durable goods orders up.
6. 146,0000 new jobs in January 2005
7. 2.7% inflation rate
8. 4.4% growth in the economy
"Overall, reports indicate that the economic recovery is well
established and proceeding at a good pace. "
http://www.dallasfed.org/eyi/usecon/...501update.html, amongst
others.
For you Jim,
http://www.geocities.com/mjloundy/
Up from what point? Where is your baseline? Decrease in Un employment
since when?
How about numbers based on 2000 when Bush took office!
You made the ridiculous statement "What is *good* about the economy?" I
told you what is good. The list was certainly not all encompassing.
Yet you still cannot accept it.
Conclusion: No amount of information is going to change your mind. You
have a hard on for George W Bush and cannot get over the fact that he
won.
Get a grip guy and move on.
The comparison might be from 2001 (the first year of Bush when everything
went to hell). I'd like to see things compared to the last year of
Clinton when we were doing pretty good. As I pointed out yesterday, the
DOW hasn't reached it's high point in 5 years. yesterday it closed at
10.754; almost exactly 1000 points below what it hit under Clinton.
"Proceding at a good pace", might indicate that in 8 years we'll be even.
I don't consider that good at all.
As requested before -- where is your baseline? Shouldn't be all that
hard to tell me.
Aren't your own words, to which you chose not to comment, a good enough
baseline?
Think about it - millions of jobs have moved offshore (your words), yet
employment is about the same (your words). Bush must be doing something
pretty
well.
John H
On the 'PocoLoco' out of Deale, MD, on the beautiful Chesapeake Bay!
"Divide each difficulty into as many parts as is feasible and necessary
to resolve it." Rene Descartes
ANd you think "millions of jobs moving offshore" is a good thing?
It's a global economy. Add to that the high union wages and pie in the sky
environmental demands and you have companies setting up manufacturing plants
where the cost of doing is cheaper and more efficient. The brawn is leaving
and being replaced by brain. That is our future here in the US.
Just a few headlines from Cnn financial news today http://money.cnn.com/
Bigger-than-expected jump in PPI is worrisome, but will it force the
central bank to get more aggressive?
Major gauges churn in tight range after biggest jump in wholesale prices
in 6 years; bonds tumble
Bonds mixed, dollar slips
Bonds are always weak when the market is strong.
From MSNBC http://www.msnbc.msn.com/id/3032072/?ta=y
Stocks waver amid inflation worries
Wholesale prices moved up in January
CNN and MSNBC....could you choose more liberal sources for your news? LOL
Regardless, go and pick and choose what you want. Overall the economy is
robust. Greenspan confirms that. Factory orders remain on the increase,
also confirming that.
Go hide your money under your mattress. I am making money in this
"terrible" economy, as are many businesses and most of my friends and
family.
Doomsayers like you only slow the progress so get out of the way please.