The economy is great. Unemployment is low, and GDP is up.

Really?
Let's see what the pros say
http://www.bea.doc.gov/bea/dn/home/gdp.htm

Hmm, 3.5% which isn't bad, but it darn sure isn't "great." The previous
quarters were less though.

So why are we having layoffs


NOYB wrote:
Jobs going to countries with uneven labor playing fields.

Really? GM is moving jobs to which overseas country?



, huge gov't deficits


Already been asked and answered.


Oh right, you claimed that Bush's tax cuts are going to erase the
deficit someday... funny how that didn't work last time, and the pros
don't think it's going to work this time either...


, dropping the prime rate,


As I said...
To offset the oil spike

How do you explain increased profitability then? Can you cite *any*
economic theory without having it bite you in the butt?

... *and* to create a more level field with our
international competitors who receive government-subsidized loans for cheap.


Hmm, these darn foreign gov't can afford to buy up our debt *and* offer
cheap subsidy loans to businesses stealing our jobs? Wow, we should
elect guys who can do that well.


increasing trade imbalance,


China won't float there currency. It's indexed to the dollar, making it
artificially depressed.

But didn't you say the dollar wasn't depressed? Can you make more than
two statements without contradicting yourself?


... Besides being cheaper due to a lowcost labor
supply, their stuff also appears much, much cheaper due to their
artificially deflated currency.


dropping dollar, etc etc?


A depressed dollar is good for helping keep jobs in the US.

But how come jobs are leaving in record rates then?

... It makes
US-made products seem cheaper. Of course, your statement is erroneous: the
dollar has been heading back up against all currencies except for the yuan.


This week yes, largely due to a panic on the euro. But the long term
trend is certainly down, and the dollar is still averaging lower than
it's been in a long time.

But hey, according to you, the economy is booming! We have no troubles!
Let's all sing!

DSK