"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.

Do you genuinely believe it's all Clinton's fault? If so, do you think
the rest of us are stupid enough to believe it?

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?

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?

... 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? 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...

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

DSK

"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.

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.

"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

"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.

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

"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.

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...


, 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? Can you make more than
two statements without contradicting yourself?


... 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?

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

But hey, according to you, the economy is booming! We have no troubles!
Let's all sing!

DSK

NOYB wrote:
"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.

So thats the reason for 70,000,000 layoffs during 2001-2004 and
hundreds of
thousands of H1B visa slaves imported.

JG