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When the economy is humming along, the deficit cures itself. That's
what the tax cuts were for--to prime the economic pump. Tax and
tariff policy is about the only power government has over the
economy. They can slow down the economy with tax increases (as in
California) or speed it up with tax cuts. That's it.

two wheels


http://story.news.yahoo.com/news?tmp...id=749&e=1&u=/
nm/20031030/bs_nm/economy_dc

Economy Rocketed Ahead in 3rd Quarter
By Tim Ahmann

excerpt:
- ----------------------

WASHINGTON (Reuters) - The U.S. economy rocketed ahead at its
fastest pace in more than 19 years in the third quarter of 2003 as
consumers, their wallets fattened by tax cuts, went on a buying
spree, an unexpectedly strong government report showed on Thursday.

U.S. gross domestic product surged at a 7.2 percent annual rate in
the July-September period, the Commerce Department said. It was the
steepest climb since the first quarter of 1984 and more than double
the second quarter's 3.3 percent rate.

Three other reports on Thursday also suggested a firmer recovery was
taking root -- new claims for jobless benefits and a help-wanted
index suggested some stability in the labor market, while companies
spent more on wages and benefits.

The jump in GDP (news - web sites) growth, which also reflected a
big gain in business spending, outstripped forecasts on Wall Street,
where economists had looked for a rise closer to 6 percent.

- ----------------------



On Thu, 30 Oct 2003 12:31:56 -0500, "Schoonertrash"
wrote:

So what? Does it matter? Of course not. It hasn't mattered for
well over
sixty years. Didn't matter under Clinton, Bush Sr. Reagain,
Carter, Ford,
Johnson, Nixon (did I leave out anyone?), Eisenhower . . .
correction . ..
Nixon did something to correct it partially and Kennedy tried to do
so.

Measured against GNP as a percentage it's nothing. That's the
arguement
Doug used on me last time. Once you invoke that you are home
free. The
rest is just silliness like worrying about five or ten nukes in N.
Korea.
Hell . . .I'm used to worrying about ten thousand plus of the
things pointed
at me. Neither do I worry about the National Debt or the annual
budger
imbalances . .. .


[SNIP]


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The tax cuts are speeding up the economy and that's a fact.

The GDP grew at a rate of over 7% in the third quarter.
This represents a rate only equaled 19 years ago after
President Reagan's tax cuts.

If you want a thriving economy just allow the people to
keep their money. They will certainly spend it.

S.Simon


"two wheels" wrote in message ...
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Hash: SHA1

When the economy is humming along, the deficit cures itself. That's
what the tax cuts were for--to prime the economic pump. Tax and
tariff policy is about the only power government has over the
economy. They can slow down the economy with tax increases (as in
California) or speed it up with tax cuts. That's it.

two wheels


http://story.news.yahoo.com/news?tmp...id=749&e=1&u=/
nm/20031030/bs_nm/economy_dc

Economy Rocketed Ahead in 3rd Quarter
By Tim Ahmann

excerpt:
- ----------------------

WASHINGTON (Reuters) - The U.S. economy rocketed ahead at its
fastest pace in more than 19 years in the third quarter of 2003 as
consumers, their wallets fattened by tax cuts, went on a buying
spree, an unexpectedly strong government report showed on Thursday.

U.S. gross domestic product surged at a 7.2 percent annual rate in
the July-September period, the Commerce Department said. It was the
steepest climb since the first quarter of 1984 and more than double
the second quarter's 3.3 percent rate.

Three other reports on Thursday also suggested a firmer recovery was
taking root -- new claims for jobless benefits and a help-wanted
index suggested some stability in the labor market, while companies
spent more on wages and benefits.

The jump in GDP (news - web sites) growth, which also reflected a
big gain in business spending, outstripped forecasts on Wall Street,
where economists had looked for a rise closer to 6 percent.

- ----------------------



On Thu, 30 Oct 2003 12:31:56 -0500, "Schoonertrash"
wrote:

So what? Does it matter? Of course not. It hasn't mattered for
well over
sixty years. Didn't matter under Clinton, Bush Sr. Reagain,
Carter, Ford,
Johnson, Nixon (did I leave out anyone?), Eisenhower . . .
correction . ..
Nixon did something to correct it partially and Kennedy tried to do
so.

Measured against GNP as a percentage it's nothing. That's the
arguement
Doug used on me last time. Once you invoke that you are home
free. The
rest is just silliness like worrying about five or ten nukes in N.
Korea.
Hell . . .I'm used to worrying about ten thousand plus of the
things pointed
at me. Neither do I worry about the National Debt or the annual
budger
imbalances . .. .


[SNIP]


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The GDP grew at a rate of over 7% in the third quarter.

During the same period, an additional 41,000 jobs were lost.

Don't forget wage freezes, salary cuts, factory closings and benefit
losses...all at record highs.

Capt RB

And, don't forget the impossible situation with medical
insurance with 41 million people un- or under-insured.

"Bobsprit" wrote in message
...
The GDP grew at a rate of over 7% in the third quarter.

During the same period, an additional 41,000 jobs were lost.

Don't forget wage freezes, salary cuts, factory closings and benefit
losses...all at record highs.

Capt RB

I pay $230 a year for the supplement to my primary insurance. That policy
cost me 20 years of work initially to earn. I pay about $70 a year for
Divers Assistance Network diving and medevac for any reason from anywhere in
the world. Through the union I have complete coverage on yet another policy
for 120 days of work the first year and 60 days minimum every year
thereafter. So . . .lets see . . . .two complete policies plus the DAN
costs me . . ..carry the 7 and .. oh yes . . . .$300 per year or $25 per
month and at least 60 count them 60 whole days of work. 'course . . .you
gotta be willing to actually work but in my industry there's plenty of it.
And if I was to go down THAT road again insurance for family (any number
from one to whatever) would be another $230 a year with no pre existing
condition exclusions.

WHAT insurance problems?

What? Easy for me to say? hmmmmmm True! But then of course, not
belonging to the privileged classes, I had to go out and work for it.

It ain't rocket science.

Have a nice day

MST

That's the problem... many people work for it but never get
it. Or, they have it, use it, then get laid off and can't get it
again for a variety of reasons, including the new employer
not offering it, they can't afford it because rates have gone
up, or they're denied coverage because of prior conditions.

"Schoonertrash" wrote in message
...
I pay $230 a year for the supplement to my primary insurance. That policy
cost me 20 years of work initially to earn. I pay about $70 a year for
Divers Assistance Network diving and medevac for any reason from anywhere
in
the world. Through the union I have complete coverage on yet another
policy
for 120 days of work the first year and 60 days minimum every year
thereafter. So . . .lets see . . . .two complete policies plus the DAN
costs me . . ..carry the 7 and .. oh yes . . . .$300 per year or $25
per
month and at least 60 count them 60 whole days of work. 'course . . .you
gotta be willing to actually work but in my industry there's plenty of it.
And if I was to go down THAT road again insurance for family (any number
from one to whatever) would be another $230 a year with no pre existing
condition exclusions.

WHAT insurance problems?

What? Easy for me to say? hmmmmmm True! But then of course, not
belonging to the privileged classes, I had to go out and work for it.

It ain't rocket science.

Have a nice day

MST

The wonderful thing about National Medical Care provided free of charge by
the Government.... everyone is covered.

CM

"Jonathan Ganz" wrote in message
...
| That's the problem... many people work for it but never get
| it. Or, they have it, use it, then get laid off and can't get it
| again for a variety of reasons, including the new employer
| not offering it, they can't afford it because rates have gone
| up, or they're denied coverage because of prior conditions.
|
| "Schoonertrash" wrote in message
| ...
| I pay $230 a year for the supplement to my primary insurance. That
policy
| cost me 20 years of work initially to earn. I pay about $70 a year for
| Divers Assistance Network diving and medevac for any reason from
anywhere
| in
| the world. Through the union I have complete coverage on yet another
| policy
| for 120 days of work the first year and 60 days minimum every year
| thereafter. So . . .lets see . . . .two complete policies plus the DAN
| costs me . . ..carry the 7 and .. oh yes . . . .$300 per year or $25
| per
| month and at least 60 count them 60 whole days of work. 'course . .
..you
| gotta be willing to actually work but in my industry there's plenty of
it.
| And if I was to go down THAT road again insurance for family (any number
| from one to whatever) would be another $230 a year with no pre existing
| condition exclusions.
|
| WHAT insurance problems?
|
| What? Easy for me to say? hmmmmmm True! But then of course, not
| belonging to the privileged classes, I had to go out and work for it.
|
| It ain't rocket science.
|
| Have a nice day
|
| MST
|
|
|
|

Yes, war spending has that effect!

Cheers MC

Simple Simon wrote:

The tax cuts are speeding up the economy and that's a fact.

The GDP grew at a rate of over 7% in the third quarter.
This represents a rate only equaled 19 years ago after
President Reagan's tax cuts.

If you want a thriving economy just allow the people to
keep their money. They will certainly spend it.

S.Simon


"two wheels" wrote in message ...

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

When the economy is humming along, the deficit cures itself. That's
what the tax cuts were for--to prime the economic pump. Tax and
tariff policy is about the only power government has over the
economy. They can slow down the economy with tax increases (as in
California) or speed it up with tax cuts. That's it.

two wheels


http://story.news.yahoo.com/news?tmp...id=749&e=1&u=/
nm/20031030/bs_nm/economy_dc

Economy Rocketed Ahead in 3rd Quarter
By Tim Ahmann

excerpt:
- ----------------------

WASHINGTON (Reuters) - The U.S. economy rocketed ahead at its
fastest pace in more than 19 years in the third quarter of 2003 as
consumers, their wallets fattened by tax cuts, went on a buying
spree, an unexpectedly strong government report showed on Thursday.

U.S. gross domestic product surged at a 7.2 percent annual rate in
the July-September period, the Commerce Department said. It was the
steepest climb since the first quarter of 1984 and more than double
the second quarter's 3.3 percent rate.

Three other reports on Thursday also suggested a firmer recovery was
taking root -- new claims for jobless benefits and a help-wanted
index suggested some stability in the labor market, while companies
spent more on wages and benefits.

The jump in GDP (news - web sites) growth, which also reflected a
big gain in business spending, outstripped forecasts on Wall Street,
where economists had looked for a rise closer to 6 percent.

- ----------------------



On Thu, 30 Oct 2003 12:31:56 -0500, "Schoonertrash"
wrote:


So what? Does it matter? Of course not. It hasn't mattered for

well over

sixty years. Didn't matter under Clinton, Bush Sr. Reagain,

Carter, Ford,

Johnson, Nixon (did I leave out anyone?), Eisenhower . . .

correction . ..

Nixon did something to correct it partially and Kennedy tried to do

so.

Measured against GNP as a percentage it's nothing. That's the

arguement

Doug used on me last time. Once you invoke that you are home

free. The

rest is just silliness like worrying about five or ten nukes in N.

Korea.

Hell . . .I'm used to worrying about ten thousand plus of the

things pointed

at me. Neither do I worry about the National Debt or the annual

budger

imbalances . .. .


[SNIP]


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All that says is things are completly out of control.No economy can absorb
24% expansion a year. Hyper inflation is not unheard of in this day, just
look at Argentina. Also if we are to blame Clinton for todays woes, we must
give Jimmy Carter credit for the recovery then.
"Simple Simon" wrote in message
news
The tax cuts are speeding up the economy and that's a fact.

The GDP grew at a rate of over 7% in the third quarter.
This represents a rate only equaled 19 years ago after
President Reagan's tax cuts.

If you want a thriving economy just allow the people to
keep their money. They will certainly spend it.

S.Simon


"two wheels" wrote in message
...
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

When the economy is humming along, the deficit cures itself. That's
what the tax cuts were for--to prime the economic pump. Tax and
tariff policy is about the only power government has over the
economy. They can slow down the economy with tax increases (as in
California) or speed it up with tax cuts. That's it.

two wheels


http://story.news.yahoo.com/news?tmp...id=749&e=1&u=/
nm/20031030/bs_nm/economy_dc

Economy Rocketed Ahead in 3rd Quarter
By Tim Ahmann

excerpt:
- ----------------------

WASHINGTON (Reuters) - The U.S. economy rocketed ahead at its
fastest pace in more than 19 years in the third quarter of 2003 as
consumers, their wallets fattened by tax cuts, went on a buying
spree, an unexpectedly strong government report showed on Thursday.

U.S. gross domestic product surged at a 7.2 percent annual rate in
the July-September period, the Commerce Department said. It was the
steepest climb since the first quarter of 1984 and more than double
the second quarter's 3.3 percent rate.

Three other reports on Thursday also suggested a firmer recovery was
taking root -- new claims for jobless benefits and a help-wanted
index suggested some stability in the labor market, while companies
spent more on wages and benefits.

The jump in GDP (news - web sites) growth, which also reflected a
big gain in business spending, outstripped forecasts on Wall Street,
where economists had looked for a rise closer to 6 percent.

- ----------------------



On Thu, 30 Oct 2003 12:31:56 -0500, "Schoonertrash"
wrote:

So what? Does it matter? Of course not. It hasn't mattered for
well over
sixty years. Didn't matter under Clinton, Bush Sr. Reagain,
Carter, Ford,
Johnson, Nixon (did I leave out anyone?), Eisenhower . . .
correction . ..
Nixon did something to correct it partially and Kennedy tried to do
so.

Measured against GNP as a percentage it's nothing. That's the
arguement
Doug used on me last time. Once you invoke that you are home
free. The
rest is just silliness like worrying about five or ten nukes in N.
Korea.
Hell . . .I'm used to worrying about ten thousand plus of the
things pointed
at me. Neither do I worry about the National Debt or the annual
budger
imbalances . .. .


[SNIP]


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=TnEI
-----END PGP SIGNATURE-----

You need a refresher course in Macro Economics.

"two wheels" wrote in message
...
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

When the economy is humming along, the deficit cures itself. That's
what the tax cuts were for--to prime the economic pump. Tax and
tariff policy is about the only power government has over the
economy. They can slow down the economy with tax increases (as in
California) or speed it up with tax cuts. That's it.

two wheels


http://story.news.yahoo.com/news?tmp...id=749&e=1&u=/
nm/20031030/bs_nm/economy_dc

Economy Rocketed Ahead in 3rd Quarter
By Tim Ahmann

excerpt:
- ----------------------

WASHINGTON (Reuters) - The U.S. economy rocketed ahead at its
fastest pace in more than 19 years in the third quarter of 2003 as
consumers, their wallets fattened by tax cuts, went on a buying
spree, an unexpectedly strong government report showed on Thursday.

U.S. gross domestic product surged at a 7.2 percent annual rate in
the July-September period, the Commerce Department said. It was the
steepest climb since the first quarter of 1984 and more than double
the second quarter's 3.3 percent rate.

Three other reports on Thursday also suggested a firmer recovery was
taking root -- new claims for jobless benefits and a help-wanted
index suggested some stability in the labor market, while companies
spent more on wages and benefits.

The jump in GDP (news - web sites) growth, which also reflected a
big gain in business spending, outstripped forecasts on Wall Street,
where economists had looked for a rise closer to 6 percent.

- ----------------------



On Thu, 30 Oct 2003 12:31:56 -0500, "Schoonertrash"
wrote:

So what? Does it matter? Of course not. It hasn't mattered for
well over
sixty years. Didn't matter under Clinton, Bush Sr. Reagain,
Carter, Ford,
Johnson, Nixon (did I leave out anyone?), Eisenhower . . .
correction . ..
Nixon did something to correct it partially and Kennedy tried to do
so.

Measured against GNP as a percentage it's nothing. That's the
arguement
Doug used on me last time. Once you invoke that you are home
free. The
rest is just silliness like worrying about five or ten nukes in N.
Korea.
Hell . . .I'm used to worrying about ten thousand plus of the
things pointed
at me. Neither do I worry about the National Debt or the annual
budger
imbalances . .. .


[SNIP]


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