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![]() NOYB wrote: 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: U.S. unemployment rate in 2000 - 4% U.S. unemployment rate in 2004 - 5% Fact: There have been 23 straight months of net gains in the employment numbers Fact: Still a larger percentage of Americans without a job. 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: And still fewer jobs than in 2000. Fact: You're a dimwit Fact: Childish name calling will give you SO much credibility. |
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