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JimH wrote:
"Jim," wrote in message ... JimH wrote: "Jim," wrote in message ... JimH wrote: "JimH" wrote in message ... "Jim," wrote in message ... JimH wrote: "Jim," wrote in message . .. JimH wrote: "Jim," wrote in message .. . Garth Almgren wrote: Around 2/26/2005 12:49 PM, Snafu wrote: Yeah, "Jim,", we told you Bush is doing a better job than Herbert Hoover did, and this proves it! Well, at least people aren't forced into living in Bushvilles... yet. I'm so embarrassed -- I went to look at a (GASP) power boat (hangs head in shame) today. Came back to 100+ messages so I skimmed headers and killfiled a bunch. If anyone has anything important for me - please repost. NP Jim,. Here you go: ++++++++++++++++++++++++++++++++++++++++ +++++++++++++++++++++++++++ Jim,....remind me again what you were saying about the state of the US economy? Here, this might help: ======================================== ======= Saturday, February 26, 2005 Jeannine Aversa Associated Press Washington- The economy clocked in at a 3.8 percent pace in the final quarter of 2004 - faster than initially thought - and is now cruising at that speed or better. That could be good news for jobless people hoping for companies to increase hiring. In the newest reading on the economy's fitness, the gross domestic product exceeded a previous estimate of a 3.1 percent annual growth rate for the October- to-December quarter, the Commerce Department reported Friday. GDP measures the value of all goods and services produced within the United States. The improvement reflected more robust spending by businesses on capital equipment and on inventories of goods. The trade deficit also was less of a drag on fourth-quarter growth than initially thought. Although economic growth in the final quarter of last year was a bit slower than the third quarters' 4 percent, the performance was still solid. "We are now at a comfortable cruising altitude," said Lynn Reaser, chief economist at Banc of America Capital Management. "What is significant is that all parts of the economy were pulling their own weight." In other news, sales of previously owned homes slipped 0.1 percent in January from the previous month to a seasonally adjusted annual rate of 6.80 million units, the National Association of Realtors reported. Even with the dip, sales remained healthy, analysts said. Also Friday, Bloomberg News reported that 7 million fewer previously owned single-family houses were sold in the last 16 years than the National Association of Realtors initially estimated, according to the group's revised figures. Resales since 1989 were 10 percent lower per year on average than previously estimated, the association said in Washington on Friday. The Realtors issued the revisions after comparing its estimates with results from the 2000 Census. Single-family home resales last year were still a record 5.96 million compared with a previous estimate of 6.68 million, the group said. On Wall Street, the GDP report lifted stocks. The Dow Jones industrials rose 92.81 points to 10,841.60, the best close since Dec. 28. For the week, the Dow rose 0.52 percent. For the current January-to- March quarter, the economy is expected to grow at a rate of around 4 percent, some economists project. Analysts are hoping that with the economy moving ahead at a good pace, companies will feel more inclined to step up hiring in upcoming months. Economists predict the nation's payrolls will expand by a sizable 225,000 in February, which would be up from January's 146,000 gain. The government releases the February employment report next week. "With decent momentum entering the New Year, we should soon be generating the kind of job growth that will make the expansion feel like good times," said Bill Cheney, chief economist at John Hancock Financial Services. Bill Cheney == name sounds familiar..... wonder if he's related to dick? So that is the extent of your comment on this article? What a great rebuttal Jim,. No need for rebuttal, let's talk when the DOW tops 11,700 (high under the Clinton administration) You are changing the subject. The Dow is not a sole indicator of a good economy. Heck, it was below 3,000 for decades, even in the glory years of the economy. Besides, the 11,700 mark was based on dot com companies with no assets....and bust they went. BTW: Why do you insist on changing the target? ??? Stick to a point. If you want to explore other avenues, finish the first point first. Here is what you are sounding like: ============== We should negotiate with Iraq. OK, the negotiations failed so we should put economic sanctions on them. OK, those failed so we should negotiate with them again. OK, well at least the UN put sanctions on them. We should give them another chance. OK, they did not abide by them...we should give them more than 8 years to abide to the sanctions. OH NO....you are invading Iraq? The invasion will take years. Thousands upon thousands of US troops will die. OK, so it took a couple of days with few US military casualties....but you will never be able to take Baghdad. OK, so you took the city. The civilians will resist you. OK, so the citizens rejoice in your coming...but you will never find Sadam. OK, you found Sadam, so what about the future of Iraq? Will it ever see free elections? OK, so you have a plan for the elections with an interim governenment. But an election will never happen. OK, so you put an election date of January 30th. It will not happen. OK, so it looks like the election will happen. But there will be thousands killed in the process. OK, the election happened and only a few hundred died.....well you will insert next whine ;-) Gee, and *I* read your article as being about the economy. But I agree with you -- Iraq is a mess -- thanks to Bush How so? Please be specific. See above -- we had no justification to invade Iraq -- The president was either lied to (but he reappointed the liars), or he himself lied. Where are the WMD? How does that make Iraq a mess? What is our exit plan? I am sure it is classified. Ask GWB. But how does that make Iraq a mess? How long will we stay? -- Yep spout away "as long as it takes", but will my grandchildren be fighting there? (oldest 7) How does that make Iraq a mess? What have *WE* as in US citizens gained from the invasion? You don't see what is happening in the Middle East? Take your blinders off Jim,. Regardless, how does that make Iraq a mess? What about Osama? (I remember Bush saying "dead or alive") He's doing better now than 1500 American soldiers How does that make Iraq a mess? What about Afghanistan? Iran? How does that make Iraq a mess? Well in the strict definition of the word mess -- Iraq is a mess because the US bombed most of the infrastructure all to hell. In the mode I intended it, Iraq is a mess because we have accomplished little, at a loss of 1500 lives, Billions of Dollars, infinite loss of respect from both the countries of the middle east, and out former allies in Europe. As for Osama -- he was declared to be our primary target following 9/11. It's been well over 3 years and we haven't got him -- probably because of the distraction of Iraq. Do *YOU* think Iraq is a well ordered, well run place you might like to vacation to? |
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