"JimH" wrote in message
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"Jim," wrote in message
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JimH wrote:
"Jim," wrote in message
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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.
Might I suggest that bonds are week, based on the weekness of the
dollar?
The bond market is always weak during a stong stock market.
Sounds like youget all your news from Faux -- didn't know they did
financials, just lies and BS.
Nope. I get my news from a variety of sources.
Are you always this negative Jim? Life must be a real bitch for you.
And as for the economy, we're still down 1000 points from Clinton
times.
That was a false market based on dot com companies with no real assets.
Yep
the bubble burst....and it was during Clinton's watch.
One of the reasons for the bubble was Clinton's income tax change that
limited the deductability of wages in excess of 1 mil. The resulting dodge
(liebrals think statically and don't believe people will change their
behavior when presented with a new tax) was to grant executives stock
options instead of high wages, the result was the focus on driving up stock
prices without regard for what was best in the long run for the
company.......and the resulting bubble burst.