"P.Fritz" wrote in message
...

"NOYB" wrote in message
nk.net...

"DSK" wrote in message
. ..
"They" being the Republican-controlled House and Senate.

Thank you for making my point...

How come they are doing so much worse under President Bush?


NOYB wrote:
Bush inherited an economy that saw sizable layoffs and a huge drop in
the stock market in 2000...clearly indicating a shrinking economy.

That's a laugh. The 1990s were the biggest growth in economic history...
the longest sustained business boom in peace time... EVER.

Year 2000 wasn't the 90's. But it was the final year of Clinton's
presidency.



Do you genuinely believe it's all Clinton's fault?

I believe the irrational exhuberance that existed in the markets *was*
Clinton's (and the media's) fault. We were led to believe that
everything was just rosy, that we had no outside threats to our safety
(because they pursued terrorists as criminals instead of nation-state
sponsored), and that economy wasn't showing signs of slowdown. Of
course, the data from 2000 all came out in the wash in 2001.

Not to mention the Clinton cap on exec's salaries deductions, and the turn
to stock options as compensation for top employees....That in turn led to
an emphasis on driving up stock prices.

Bush was able to correct part of that through the reduction in the
dividend tax.



If so, do you think the rest of us are stupid enough to believe it?

Yes, I think you're stupid...but that's besides the point.


How come five years of the wonderful Bush Administration *still* hasn't
restored the economy & the stock market to what it was prior to 2000?

The economy is great. Unemployment is low, and GDP is up. The stock
market is undervalued IMHO. People got burned by the corporate
accounting scandals and irrational growth from the dot-coms and
IPO's...and turned to a safer investment: real estate. Real estate is
the new millenium's new stock market.



When will you start pointing to all the great accomplishments of
President Bush, instead of blaming others for stuff that he seems to
have screwed up?

Besides the short recession that he helped us recover from, and the
democratic elections happening in Afghanistan, Iraq, Egypt, and even
Saudi Arabia (at least on a local level)?


... Tax revenues are a function of GDP...which was not growing at a
rate large enough to pay for the increased spending necessary to
support a war that was started in our backyard.


You mean voodoo economics still doesn't work?

Of course it works. That's why the recession was so short-lived.

That's funny, I thought if we reduced taxes on those bazillionaires,
they'd all go out and order new yachts or something, and the economy
would boom again...

It is booming.


BTW noticed they're lowering interest rates again? They do that when the
economy is booming, right?

They're doing that to offset spiking energy costs.

If only the liebrals could comprehend Econ 101

They'd have to learn math and deductive reasoning first. Ain't gonna happen
in our lifetime. Thus, they all must be assimilated...or wiped out.

NOYB wrote:
"HarryKrause" wrote in message
...
NOYB wrote:


The economy is great. Unemployment is low, and GDP is up. The stock
market is undervalued IMHO. People got burned by the corporate
accounting scandals and irrational growth from the dot-coms and
IPO's...and turned to a safer investment: real estate. Real estate is
the new millenium's new stock market.


That's a crock.

BUSH JOB LOSSES NEAR 3 MILLION: "Our economy is strong," President George
W. Bush declared on May 31, citing as evidence job growth during the past
two years and a 5.1 percent unemployment rate. What Bush didn't mention
was how many jobs have been lost in his entire four-year-plus tenure.

Irrelevant. There's been a *NET GAIN* of nearly a million jobs while he's
been President...and almost 3 1/2 million in the last two years.

Yeah, sure. Let's say that a certain person's worth five years ago was
$1 million. Because of poor investments, four years ago, your worth was
down to $500,000. This year your worth went up to $750,000. Following
your analogy, you actually gained! But, wait, look......there's a
$250,000 deficit, not including inflation, etc.

How come five years of the wonderful Bush Administration *still* hasn't
restored the economy & the stock market to what it was prior to 2000?

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, huge gov't deficits, dropping the prime
rate, increasing trade imbalance, dropping dollar, etc etc?

Oh wait, none of that is happening in Hooray-Bush-&-Cheney-World.


... The stock
market is undervalued IMHO.

That's a great excuse. First it was overvalued under Clinton... right...
now after almost 5 years of the great Bush/Cheney leadership, it's still
not as good as under Clinton...

Does anybody else buy this lame BS?



When will you start pointing to all the great accomplishments of
President Bush, instead of blaming others for stuff that he seems to
have screwed up?

Besides the short recession that he helped us recover from,

Really? When was that?

... and the
democratic elections happening in Afghanistan, Iraq, Egypt, and even
Saudi Arabia (at least on a local level)?


And the fact that more countries than ever hate us, more terrorism than
ever, worst military preparedness ever, etc etc. I guess a few elections
(which seem to be mostly installing America-hating radical Muslim
theocracies) are something to crow about, all right.



... Tax revenues are a function of GDP...which was not growing at a
rate large enough to pay for the increased spending necessary to
support a war that was started in our backyard.


You mean voodoo economics still doesn't work?

Of course it works. That's why the recession was so short-lived.


Then how come you're claiming 3.5% GDP growth is "great" and sputtering
over trying to explain the HUGE deficit, the trade imbalance, the
falling dollar, the layoffs, the "undervalued" stock market, etc etc?



That's funny, I thought if we reduced taxes on those bazillionaires,
they'd all go out and order new yachts or something, and the economy
would boom again...

It is booming.


Really?


BTW noticed they're lowering interest rates again? They do that when the
economy is booming, right?

They're doing that to offset spiking energy costs.


Wait, I thought spiking oil prices helped the Top Secret Cheney Energy
Policy? It certainly seems to have boosted oil company stock.


If only the liebrals could comprehend Econ 101


NOYB wrote:
They'd have to learn math and deductive reasoning first. Ain't gonna happen
in our lifetime. Thus, they all must be assimilated...or wiped out.


Yeah, that's the answer... kill all the disbelievers...

DSK

wrote in message
oups.com...


NOYB wrote:
"HarryKrause" wrote in message
...
NOYB wrote:


The economy is great. Unemployment is low, and GDP is up. The stock
market is undervalued IMHO. People got burned by the corporate
accounting scandals and irrational growth from the dot-coms and
IPO's...and turned to a safer investment: real estate. Real estate is
the new millenium's new stock market.


That's a crock.

BUSH JOB LOSSES NEAR 3 MILLION: "Our economy is strong," President
George
W. Bush declared on May 31, citing as evidence job growth during the
past
two years and a 5.1 percent unemployment rate. What Bush didn't mention
was how many jobs have been lost in his entire four-year-plus tenure.

Irrelevant. There's been a *NET GAIN* of nearly a million jobs while
he's
been President...and almost 3 1/2 million in the last two years.

Yeah, sure. Let's say that a certain person's worth five years ago was
$1 million. Because of poor investments, four years ago, your worth was
down to $500,000. This year your worth went up to $750,000. Following
your analogy, you actually gained! But, wait, look......there's a
$250,000 deficit, not including inflation, etc.



Fact: There are more people working today than in 2000.

Fact: There have been 23 straight months of net gains in the employment
numbers

Fact: If you add up the net gains and the net losses each month since Bush
has been in office, you end up with a total net gain of almost 900,000 jobs.

Fact: You're a dimwit

BUSH JOB LOSSES NEAR 3 MILLION: "Our economy is strong," President George
W. Bush declared on May 31, citing as evidence job growth during the past
two years and a 5.1 percent unemployment rate. What Bush didn't mention
was how many jobs have been lost in his entire four-year-plus tenure.

NOYB wrote:
Irrelevant. There's been a *NET GAIN* of nearly a million jobs while he's
been President...and almost 3 1/2 million in the last two years.



http://en.wikipedia.org/wiki/George_W._Bush#Economy

Is this just more Democrat propaganda, NOBBY? You'd think they'd have
mentioned a big number like this if it had any basis in fact, especially
if the economy gained more than 1 3/4 million jobs per month last
November & December. That would be very impressive.

"After the last jobs report before the 2004 election was released, Kerry
supporters were quick to declare that Bush was the first American
president since Herbert Hoover to have a net loss of jobs during his
term. However, since Bush officially took office in January 2001, he
still had the November and December numbers to add to his total. By the
time of his second inauguration in January 2005, Bush ended up with a
net gain of jobs for his first term."

No wonder you guys all think President Bush has done such a GREAT job on
the economy... 1.75 million jobs per month! WOW! Pretty soon the Chinese
will be griping about all the factories being moved over here!

BTW you might want to take a gander (if the facts aren't too painful) at
the blurb on President Bush's Social Security policy right below this.

"Most Democrats and some Republicans are critical of such ideas, partly
because of the large federal borrowing the plan would require ($1
trillion or more) to finance the transition..."

DSK

Fact: There are more people working today than in 2000.


Well, duh. There are more people, period, today than in 2000.


Fact: There have been 23 straight months of net gains in the employment
numbers

Says who? Anybody we know and might believe, anybody with some shred of
credibility outside Hooray-Bush-&-Cheney-World?

NOYB wrote:
Fact: If you add up the net gains and the net losses each month since Bush
has been in office, you end up with a total net gain of almost 900,000 jobs.


Wait a minute, I thought it was over 3 million? Is that pesky math
disability catching up with you again?

BTW did you ever work out that issue of how much US debt the Chinese are
currently holding?

Fact: You're a dimwit


He's not the one claiming 2 *very* different sets of numbers for the
same statistic.

DSK

"NOYB" wrote in message
news

wrote in message
oups.com...


NOYB wrote:
"HarryKrause" wrote in message
...
NOYB wrote:


The economy is great. Unemployment is low, and GDP is up. The stock
market is undervalued IMHO. People got burned by the corporate
accounting scandals and irrational growth from the dot-coms and
IPO's...and turned to a safer investment: real estate. Real estate
is
the new millenium's new stock market.


That's a crock.

BUSH JOB LOSSES NEAR 3 MILLION: "Our economy is strong," President
George
W. Bush declared on May 31, citing as evidence job growth during the
past
two years and a 5.1 percent unemployment rate. What Bush didn't
mention
was how many jobs have been lost in his entire four-year-plus tenure.

Irrelevant. There's been a *NET GAIN* of nearly a million jobs while
he's
been President...and almost 3 1/2 million in the last two years.

Yeah, sure. Let's say that a certain person's worth five years ago was
$1 million. Because of poor investments, four years ago, your worth was
down to $500,000. This year your worth went up to $750,000. Following
your analogy, you actually gained! But, wait, look......there's a
$250,000 deficit, not including inflation, etc.



Fact: There are more people working today than in 2000.

Fact: There have been 23 straight months of net gains in the employment
numbers

Fact: If you add up the net gains and the net losses each month since Bush
has been in office, you end up with a total net gain of almost 900,000
jobs.

Fact: You're a dimwit


Fact: He is the "King of the NG idiots"

"DSK" wrote in message
...
Fact: There are more people working today than in 2000.


Well, duh. There are more people, period, today than in 2000.


Fact: There have been 23 straight months of net gains in the employment
numbers

Says who? Anybody we know and might believe, anybody with some shred of
credibility outside Hooray-Bush-&-Cheney-World?


Says the BLS you nincompoop.

NOYB wrote:
Fact: If you add up the net gains and the net losses each month since
Bush has been in office, you end up with a total net gain of almost
900,000 jobs.


Wait a minute, I thought it was over 3 million? Is that pesky math
disability catching up with you again?

3 million in the last 23 months. Negative 2+ million in the first 20
months. That gives a net gain of 900,000 in 53 months.

Math, DSK, math.




BTW did you ever work out that issue of how much US debt the Chinese are
currently holding?

Fact: You're a dimwit

He's not the one claiming 2 *very* different sets of numbers for the same
statistic

Boy are you obtuse.

"DSK" wrote in message
. ..
Nawww. No domestic terrorist attacks there, right?

Don't forget the embassy bombing.....which is US territory.


And don't forget that those guys are in jail or dead now, too. Unlike the
terrorists who have attacked us on Bush's watch.

IIRC the only ones who are still around are USS Cole bombing planners,
although it's likely that some of our former European allies have them in
custody.



What about the bosses?

"DSK" wrote in message
...
How come five years of the wonderful Bush Administration *still* hasn't
restored the economy & the stock market to what it was prior to 2000?

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

Jobs going to countries with uneven labor playing fields.

, huge gov't deficits

Already been asked and answered.

, dropping the prime rate,

As I said...
To offset the oil spike, *and* to create a more level field with our
international competitors who receive government-subsidized loans for cheap.

increasing trade imbalance,

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