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...

NOYB wrote:
Shall I use a clip and paste from the wikipedia website link that you posted
here?

" According to the "baseline" forecast of federal revenue and spending by
the Congressional Budget Office (in its January 2005 Baseline Budget
Projections), the trend of growing deficits under Bush's first term will
become shrinking deficits in his second term. In this projection the deficit
will fall to $368 billion in 2005, $261 billion in 2007, and $207 billion in
2009, WITH A SMALL SURPLUS BY 2012. "

Funny how you left out the part about this being based on leaving out
the Iraq war expenditure, on letting the tax cuts expire, and that
assuming the tax cuts stay in place and the economy grows at a
less-than-record pace (BTW in case you were wondering, that 3.5% you
were crowing about ain't nowhere near "record"), then that wonderful
2012 surplus turns into a walloping huge ongoing deficit.

Maybe you thought a little editing would fool somebody? Maybe it's your
reading skills?


A depressed dollar is good for helping keep jobs in the US.

But how come jobs are leaving in record rates then?



Cheap labor. Less stringent environmental standards.

That was the case well before 1998, when manufacturing jobs peaked.

If the Clinton economy was so terrible, how come manufacturing jobs
continued to grow? How come Bush hasn't been able to reverse the
downward trend since then, with all his tremendous job growth? How come
you point with pride to a measly 3.5% GDP growth when that would be one
of the *lowest* GDP growth rates under Clinton?



... 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.


Why is there panic on the euro? Perhaps because the EU economy is
horrendous?


The EU economy is quite a mixed bag, including a number of those cheap
labor, no environmental standards countries you complain about. The
panic is largely due to the recent 'Non' vote in France.



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


The short term trend is up. These are lagging indicators. The short term
trend is more important for predicting the near-future.

blah blah blah... so you think the US dependence on oil, the deficit,
the growing trade imbalance, are going to 8strengthen* the dollar in the
near future??

Short term thinking, is that what you base your strategy on? I thought
short term greed was a moral failing?



But hey, according to you, the economy is booming!


Not according to just me...but according to the economic indicators that
I've posted here.


Really? How come the economic indicators you've posted hear point to
modest growth *at best* and the rest is all hot air and
self-contradictory blather? Does the Fed drop the prime rate on an
economy that's booming? Is the deficit shrinking yet?

How come you still haven't explained why President Bush didn't say last
year, 'Yes we have lost a lot of jobs but we're gaining them back"
instead trying to twist labor statistics to show that there had not been
a job loss?

The facts speak for themselves, NOBBY.

DSK