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A rather impressive statistic NOYB, but you miss 3 very important facts.
#1) An article published December 4, 1998 being used as fact for what happened in 1999 and 2000 #2) Boeing announced Dec. 1 that it will shed 48,000 jobs throughout the company in 1999 and 2000, largely because the economic crisis in Asia is battering Boeing's customers. Largely because of the economic crisis in Asia. #3) And this is the biggest clue If Boeing follows through on its plan, the company will eliminate about 20 percent of the 238,000 workers that it had on its payroll in June. The company did not say how many jobs would be lost in Washington state. If is a very strong word... It says that it hadn't happened. Tell you what, if you want yourself to look credible on this, perhaps you can locate the actual numbers for what did happen rather than relying on the premonitions you are quoting. "NOYB" wrote in message ... "Doug Kanter" wrote in message ... "Harry Krause" wrote in message ... During Clinton's eight years, some 22 million jobs were added to the economy. Fun facts (and don't think I'm slamming Clinton's entire record, because Bush would've done the same thing, if he could figure out how): One way Clinton created jobs was by personally lobbying the Saudis to be sure they made a series of enormous commercial aircraft purchases from Boeing, Funny that you mention Boeing, Doug. Boeing cut 48,000 jobs in 1999 and 2000...which were the last 2 years of the Clinton misAdministration. http://seattle.bizjournals.com/seatt...07/story3.html In previous years, a cutback of that magnitude would have set off alarms in boardrooms, government offices and homes statewide, and for good reason. Earlier Boeing downturns coincided with statewide recessions in the early 1980s and early 1970s. But many leading economists don't expect a Boeing-led recession this time -- not as long as the healthy sectors of the state and national economies stay that way. "If Boeing is the only change, and all other things remain the same, then I don't think we'll see a recession here," said Chang Mook Sohn, executive director of the state Office of the Forecast Council. --------------------------------------------------- It looks like Chang was wrong about his recession prediction. Signs of a recession were beginning to peak in late 1999 and 2000. Wall Street was the first to notice...but the Democrats *still* can't admit it. |
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