On Wed, 08 Jun 2005 11:35:14 -0400, HarryKrause wrote:

NOYB wrote:


The economy is great. Unemployment is low, and GDP is up. The stock market
is undervalued IMHO. People got burned by the corporate accounting scandals
and irrational growth from the dot-coms and IPO's...and turned to a safer
investment: real estate. Real estate is the new millenium's new stock
market.


That's a crock.

BUSH JOB LOSSES NEAR 3 MILLION: "Our economy is strong," President
George W. Bush declared on May 31, citing as evidence job growth during
the past two years and a 5.1 percent unemployment rate. What Bush didn't
mention was how many jobs have been lost in his entire four-year-plus
tenure. According to the Economic Policy Institute (EPI), the job growth
Bush trumpeted simply makes up for the jobs lost earlier in his term. In
May when the economy added just 78,000 new jobs, about half of what was
forecast, the number of jobs in the private sector finally recovered to
the level of March 2001. About 2.7 million manufacturing jobs have
disappeared since Bush took office (not counting the 25,000 General
Motors jobs just announced). On the unemployment front, today's 5.1
percent unemployment rate is a far cry from the 30-year record low rate
of 3.9 percent when Bush took office.

Yup, it's taken a lot of work to recover from Clinton's recession, especially
with all the other crap that has taken place.
--
John H

"All decisions are the result of binary thinking."