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Default OT--Wal-Mart Posts $2.44B in 2Q Earnings


"Gene Kearns" wrote in message
...
On Thu, 14 Aug 2003 01:38:20 GMT, "Jim"
wrote:


"Gene Kearns" wrote in message
.. .


So show me where I am viewing life with rose colored glasses Eugene.

Please provide
some facts showing the economy is on a decline.


First of all, the "facts" that you offer are figures released by
coneheads employed by the current administration to put a "spin" on
the current situation. Every administration does this... they have a
product to sell to the American public... themselves..... and they
hire the most competent spinmeister's they can hire. Offering some
Washington bureaucrat's figures as "fact" is, at the very least,
extremely naive.

The best "facts" I can offer is that every day I open the newspapers I
see more plants going out of business and laying off workers. Just
off of vacation, the first newspaper I see proclaims that a local
company has closed sixteen plants and layed off thousands of
workers/taxpayers. Since you are so local and have you eye out for
statistics...... check this out....
http://www.news14charlotte.com/conte...es/?ArID=38346
...how many of those people found jobs? Remember there were only
enough jobs to go around for 1 out of every 4 people..... that means
3 out of four families will have to go hungry or go on some form of
assistance. And notice..... this is in your back yard. Wonder what
those people think of the Gov. statistics?

I just helped put sixty highly qualified mechanics on the street....
prepared for jobs that don't exist in the current economy. About 85%
of the class is keeping their "student" job, tending bar, working at
the carwash, tossing packages, etc., because a bird in the hand is
worth more than a highly paid technical job somewhere out there in the
bushes....

Most states (NC certainly not the exception) have taken such a hard
hit with out of work people, falling inventories, and business unable
to sell their goods and services (WM is not the only business, you
know) that they are having to cut back on necessary services. Their
response is to raise taxes.... see that in Charlotte, yet? Wonder
why?

Can you find the vicious circle in this picture?

As you (should) know the current state of the economy, especially when

considering the
forecast state of affairs,


The point you so conveniently ignore is that these are "forecast state
of affairs" NOT reality. Show me performance.... don't make me
promises. If this isn't "form over substance," I don't know what is.

is about the worst the libs (come on Eugene, admit you are
one)


If it soothes you, feel free to classify me in any way that lends
comfort in you binary world. If pigeon holing me as a "lib" (whatever
that means to you) helps you sort out and order your world... feel
free... Most people, even color blind ones, see in shades of gray,
but if that doesn't work for you..... feel free to talk in terms of
white hats and black hats......

Problem is, people like Hopalong Cassidy, who wore a black hat......
I forget, "was he a bad guy, too?"

could imagine....Improved retail sales, drastic gains in the stock market

(DJ and
Nasdaq), increased productivity, lower unemployment, rock bottom interest

rates...the
list goes on.


I strongly suggest a little book I had to read many, many years ago in
college. It was entitled, "How to Lie With Statistics." It is a
quick read and might make you a little more critical and savvy about
taking all of those "rates" at face value. I find a little bit of
irony in your offer of "rock bottom interest rates" as a sign of a
strong (or recovering) economy....

And the economy is only expected to improve in the coming months.


I Certainly hope it does, but I don't see any quick fix for this dire
situation.

A libs nightmare when a Republican is President!

Right Gene?


No, I don't think so. I would hope that people of any political
persuasion would see the current situation as truly BAD for America
and Americans. True, a stunning turn around would bode well for the
current administration and the Republican party, in general. However,
what sort of ass would gleefully watch American families and interests
be hurt just for political expediency?

On the other hand, would you be pleased to see this sort of economic
turmoil during a "liberal" or Democratic administration just to prove
that the "conservatives" and Republicans were right? Would you feel
the moral imperative to teach these people an ideological lesson?
Would you feel justified? Satisfied?

While we are on the question of questions...... you have posted next
to nothing relating to boating. Where do you boat? What kind of boat
do you have? Have any recent boating experiences to share??



Excellent post Gene, thanks for taking the time to explain things from an
objective perspective (homage to Jesse Jackson).


 
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