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![]() "NOYB" wrote in message om... "Harry Krause" wrote in message news:c3dhc2g=.606e7062a1d4900a89f1e2a9d725c4c8@107 8496293.nulluser.com... the recession ended in November 2001.* This bears repeating. The recession ended in November 2001...which means the economy has been improving for over 2 years. Employment stats are a lagging indicator. We've had 8 straight months of *GAINS* in employment. 8 months! I don't care if the number is 1000 or 100000. Either way, more people are working today than the month before...and the month before that...and the month before that...dating all the way back to June 2003. You guys were saying "3 million jobs". Then it was 2.5 million. Now it's 2.35 million. Bush could use the Dem's own ads to show the improvement in the job market. By November, he can say: "first they said 3 million, then 2.5 million, then 2.35...and now they say 1.5 million. We've gained 1.5 million jobs in the last 16 months. Why stop now?" When Bush puts this trend on a chart and holds it up before the American people, the message will be "Taxes were too high before I took office, and manufacturing started laying off people en masse starting in August 2000...5 months before I took office. My administration led the fight to cut taxes in early 2003, and since then, we've had 16 straight months of job growth. Why would you want John Kerry to raise your taxes and stop the growth?" Historical data showing 16 straight months of job growth will completely destroy the argument that we're on the wrong track economically. Only a fool would make such an assertion. Dr. Tooth, I will add that I have two sons seeking work right now. So far I can't fault the effort they are putting into their search. The pickings seem pretty lean. Tell me again, where are all these jobs you are crowing about? Just for fun, comment on the crop of reservists returning to the job market when the come back from the big sandbox? After you answer that, tell me what will happen when this years crop of graduates hits the streets and can't find meaningful jobs? Since you are such a wiz with figures, how much of this spectacular growth has anything to do with little Bushes tax cuts, and how much is due to the unusually low interest rates? I was just reading how the American population is borrowing money to finance their purchases at a rate never seen before. Much of this is borrowing on the inflated values of homes combined with low interest rates; this is a one-time trick and I don't expect to see it repeated. The rest is massive credit card debt. At some point this personal debt load will choke personal finances to the point where the average consumer simply can't take on additional debt. When these people stop living beyond their means and start to simple survive while they service the debt they have taken on, they won't buy as much as they do now. What do you have to say about this potential blot you your rosy view of the future growth? For the 10 point extra credit, what will happen when the interest rates start to come back up? Address home sales, big ticket sales, and corporate investments. Mark Browne PS - You see the glass as half full, I see that little Bush has been peeing in it! |
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