"DSK" wrote in message
...
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...

Shall I use a clip and paste from the wikipedia website link that you posted
here?

" According to the "baseline" forecast of federal revenue and spending by
the Congressional Budget Office (in its January 2005 Baseline Budget
Projections), the trend of growing deficits under Bush's first term will
become shrinking deficits in his second term. In this projection the deficit
will fall to $368 billion in 2005, $261 billion in 2007, and $207 billion in
2009, WITH A SMALL SURPLUS BY 2012. "



, 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?

No.

Can you make more than two statements without contradicting yourself?

Yes. Can you follow a thread?



... 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?


Cheap labor. Less stringent environmental standards.


... 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.

Why is there panic on the euro? Perhaps because the EU economy is
horrendous?


But the long term trend is certainly down, and the dollar is still
averaging lower than it's been in a long time.

The short term trend is up. These are lagging indicators. The short term
trend is more important for predicting the near-future.


But hey, according to you, the economy is booming!

Not according to just me...but according to the economic indicators that
I've posted here.