|
It's the economy, stupid.
More bad news for the GOP wannabe's:
ECONOMIC REPORT Jobless rate jumps to 5% as payroll growth stalls December nonfarm payrolls rise 18,000, weakest gain in more than four years By Rex Nutting, Marke****ch Last update: 9:54 a.m. EST Jan. 4, 2008 WASHINGTON (Marke****ch) -- The nation's unemployment rate shot up to 5% in December as job growth stalled, a sign that the labor market is stressed as the U.S. economic slump spreads. Stocks sold off on the report, while bond prices rose. The yield on the benchmark 10-year note fell to 3.85%. See Market Snapshot. U.S. seasonally adjusted nonfarm payrolls rose by 18,000 in December, the weakest job growth since August 2003, according to a survey of thousands of businesses, the Labor Department reported Friday. Private-sector payrolls fell by 13,000, the first decline in more than four years. Economists were expecting payrolls to increase about 58,000 in December, according to survey conducted by Marke****ch. See Economic Calendar. Job growth was revised up by a total of 10,000 in November and October. Read the full report. A separate survey of households showed employment plunging by 436,000, marking the biggest decline in five years. The number of unemployed adults rose by 474,000, pushing the unemployment rate up to 5% from 4.7%. Economists were expecting the rate to rise to 4.8% in December. The jobless rate had been under 5% for 25 consecutive months. Recession view The jobless rate has risen 0.6 percentage points since March. "When unemployment rises by more than 0.5% from its cycle low a recession generally ensues," wrote Robert Brusca of FAO Economics. The weak jobs report puts more pressure on the Federal Reserve to act aggressively to prevent a recession. Earlier in the week, the prescient Institute for Supply Management manufacturing index fell below the break-even 50% mark, dropping to a nearly four-year low. Ahead of the report, the Fed was expected to cut its overnight lending rate by a quarter- percentage point later this month to further stimulate the economy, which has slowed significantly with the collapse of the housing market and turmoil in the credit markets. The surge in unemployment could encourage the Fed to cut rates by a half-point. "The risk stemming from this is that consumers who face debt constraints may not see income growth as strong in coming months," wrote Stephen Gallagher, U.S. economist for Societe Generale. For the Federal Reserve, however, the need to continue offering support to the markets and the economy only grows. However, the Fed's hands are tied somewhat by worries about inflation, and the jobs report added to those concerns. Average hourly earnings rose 7 cents, or 0.4%, in December, more than the 0.2% gain expected. Earnings have increased 3.7% in the past year. Construction Goods-producing industries cut 75,000 jobs in December, including 49,000 in construction and 31,000 in manufacturing. Construction jobs have fallen by 236,000 since September 2006. Manufacturing industries tied to construction accounted for about 30% of the jobs lost in the factory sector in 2007. Services-producing industries added 93,000 jobs. Government added 31,000, including 25,000 in education. Professional and business services added 43,000 jobs. Retail industries cut 24,000 jobs; since March, the retail sector has lost 34,000 jobs. Education and health-care added 44,000 jobs. Total hours worked in the economy were unchanged. The average work week was steady at 33.8 hours. Hours worked in manufacturing decreased by a substantial 0.7%. Of 278 industries, 48.4% were hiring in December, the first month since September 2003 that fewer than half of industries were adding jobs. Of 84 manufacturing industries, just 31.5% were hiring in December. End of Story Rex Nutting is Washington bureau chief of Marke****ch. George W. Bush - the 43rd Best President Ever! |
It's the economy, stupid.
"HK" wrote in message ... More bad news for the GOP wannabe's: ECONOMIC REPORT Jobless rate jumps to 5% as payroll growth stalls December nonfarm payrolls rise 18,000, weakest gain in more than four years By Rex Nutting, Marke****ch Last update: 9:54 a.m. EST Jan. 4, 2008 WASHINGTON (Marke****ch) -- The nation's unemployment rate shot up to 5% in December as job growth stalled, a sign that the labor market is stressed as the U.S. economic slump spreads. Stocks sold off on the report, while bond prices rose. The yield on the benchmark 10-year note fell to 3.85%. See Market Snapshot. U.S. seasonally adjusted nonfarm payrolls rose by 18,000 in December, the weakest job growth since August 2003, according to a survey of thousands of businesses, the Labor Department reported Friday. Private-sector payrolls fell by 13,000, the first decline in more than four years. Economists were expecting payrolls to increase about 58,000 in December, according to survey conducted by Marke****ch. See Economic Calendar. Job growth was revised up by a total of 10,000 in November and October. Read the full report. A separate survey of households showed employment plunging by 436,000, marking the biggest decline in five years. The number of unemployed adults rose by 474,000, pushing the unemployment rate up to 5% from 4.7%. Economists were expecting the rate to rise to 4.8% in December. The jobless rate had been under 5% for 25 consecutive months. Recession view The jobless rate has risen 0.6 percentage points since March. "When unemployment rises by more than 0.5% from its cycle low a recession generally ensues," wrote Robert Brusca of FAO Economics. The weak jobs report puts more pressure on the Federal Reserve to act aggressively to prevent a recession. Earlier in the week, the prescient Institute for Supply Management manufacturing index fell below the break-even 50% mark, dropping to a nearly four-year low. Ahead of the report, the Fed was expected to cut its overnight lending rate by a quarter- percentage point later this month to further stimulate the economy, which has slowed significantly with the collapse of the housing market and turmoil in the credit markets. The surge in unemployment could encourage the Fed to cut rates by a half-point. "The risk stemming from this is that consumers who face debt constraints may not see income growth as strong in coming months," wrote Stephen Gallagher, U.S. economist for Societe Generale. For the Federal Reserve, however, the need to continue offering support to the markets and the economy only grows. However, the Fed's hands are tied somewhat by worries about inflation, and the jobs report added to those concerns. Average hourly earnings rose 7 cents, or 0.4%, in December, more than the 0.2% gain expected. Earnings have increased 3.7% in the past year. Construction Goods-producing industries cut 75,000 jobs in December, including 49,000 in construction and 31,000 in manufacturing. Construction jobs have fallen by 236,000 since September 2006. Manufacturing industries tied to construction accounted for about 30% of the jobs lost in the factory sector in 2007. Services-producing industries added 93,000 jobs. Government added 31,000, including 25,000 in education. Professional and business services added 43,000 jobs. Retail industries cut 24,000 jobs; since March, the retail sector has lost 34,000 jobs. Education and health-care added 44,000 jobs. Total hours worked in the economy were unchanged. The average work week was steady at 33.8 hours. Hours worked in manufacturing decreased by a substantial 0.7%. Of 278 industries, 48.4% were hiring in December, the first month since September 2003 that fewer than half of industries were adding jobs. Of 84 manufacturing industries, just 31.5% were hiring in December. End of Story Rex Nutting is Washington bureau chief of Marke****ch. All this under a "Democrat" controlled Congress. Eisboch |
It's the economy, stupid.
Eisboch wrote:
"HK" wrote in message ... More bad news for the GOP wannabe's: ECONOMIC REPORT Jobless rate jumps to 5% as payroll growth stalls December nonfarm payrolls rise 18,000, weakest gain in more than four years By Rex Nutting, Marke****ch Last update: 9:54 a.m. EST Jan. 4, 2008 WASHINGTON (Marke****ch) -- The nation's unemployment rate shot up to 5% in December as job growth stalled, a sign that the labor market is stressed as the U.S. economic slump spreads. Stocks sold off on the report, while bond prices rose. The yield on the benchmark 10-year note fell to 3.85%. See Market Snapshot. U.S. seasonally adjusted nonfarm payrolls rose by 18,000 in December, the weakest job growth since August 2003, according to a survey of thousands of businesses, the Labor Department reported Friday. Private-sector payrolls fell by 13,000, the first decline in more than four years. Economists were expecting payrolls to increase about 58,000 in December, according to survey conducted by Marke****ch. See Economic Calendar. Job growth was revised up by a total of 10,000 in November and October. Read the full report. A separate survey of households showed employment plunging by 436,000, marking the biggest decline in five years. The number of unemployed adults rose by 474,000, pushing the unemployment rate up to 5% from 4.7%. Economists were expecting the rate to rise to 4.8% in December. The jobless rate had been under 5% for 25 consecutive months. Recession view The jobless rate has risen 0.6 percentage points since March. "When unemployment rises by more than 0.5% from its cycle low a recession generally ensues," wrote Robert Brusca of FAO Economics. The weak jobs report puts more pressure on the Federal Reserve to act aggressively to prevent a recession. Earlier in the week, the prescient Institute for Supply Management manufacturing index fell below the break-even 50% mark, dropping to a nearly four-year low. Ahead of the report, the Fed was expected to cut its overnight lending rate by a quarter- percentage point later this month to further stimulate the economy, which has slowed significantly with the collapse of the housing market and turmoil in the credit markets. The surge in unemployment could encourage the Fed to cut rates by a half-point. "The risk stemming from this is that consumers who face debt constraints may not see income growth as strong in coming months," wrote Stephen Gallagher, U.S. economist for Societe Generale. For the Federal Reserve, however, the need to continue offering support to the markets and the economy only grows. However, the Fed's hands are tied somewhat by worries about inflation, and the jobs report added to those concerns. Average hourly earnings rose 7 cents, or 0.4%, in December, more than the 0.2% gain expected. Earnings have increased 3.7% in the past year. Construction Goods-producing industries cut 75,000 jobs in December, including 49,000 in construction and 31,000 in manufacturing. Construction jobs have fallen by 236,000 since September 2006. Manufacturing industries tied to construction accounted for about 30% of the jobs lost in the factory sector in 2007. Services-producing industries added 93,000 jobs. Government added 31,000, including 25,000 in education. Professional and business services added 43,000 jobs. Retail industries cut 24,000 jobs; since March, the retail sector has lost 34,000 jobs. Education and health-care added 44,000 jobs. Total hours worked in the economy were unchanged. The average work week was steady at 33.8 hours. Hours worked in manufacturing decreased by a substantial 0.7%. Of 278 industries, 48.4% were hiring in December, the first month since September 2003 that fewer than half of industries were adding jobs. Of 84 manufacturing industries, just 31.5% were hiring in December. End of Story Rex Nutting is Washington bureau chief of Marke****ch. All this under a "Democrat" controlled Congress. Eisboch Sorry, but all the Dems have is a simple majority. They don't control Congress. At the moment, because of the way the numbers are divided, the Dems don't control it but the Repubs can obstruct them. The point here is the "callback" to the re-election campaign of George H.W. Bush. He was out touting how wonderful the economy was, Clinton nailed him with the "It's the economy, stupid" line and won the election. Bush keeps touting the economy. So do several GOP wannabes. The economy is tanking, and the ramifications of the housing shake-out are just beginning to be felt. By the summer and fall, we'll likely be in the middle of a recession. The Repubs will call for more "tax cuts" for the rich and the smart Dems will say that Republican trickle-down economic moves (like tax cuts for the rich) do nothing more than trickle down money from one Bush generation to the next and leave the middle class jobless, homeless, medical insuranceless and pensionless. Or something like that. |
It's the economy, stupid.
"HK" wrote in message . .. Eisboch wrote: "HK" wrote in message ... More bad news for the GOP wannabe's: Sorry, but all the Dems have is a simple majority. They don't control Congress. At the moment, because of the way the numbers are divided, the Dems don't control it but the Repubs can obstruct them. The point here is the "callback" to the re-election campaign of George H.W. Bush. He was out touting how wonderful the economy was, Clinton nailed him with the "It's the economy, stupid" line and won the election. Bush keeps touting the economy. So do several GOP wannabes. The economy is tanking, and the ramifications of the housing shake-out are just beginning to be felt. By the summer and fall, we'll likely be in the middle of a recession. The Repubs will call for more "tax cuts" for the rich and the smart Dems will say that Republican trickle-down economic moves (like tax cuts for the rich) do nothing more than trickle down money from one Bush generation to the next and leave the middle class jobless, homeless, medical insuranceless and pensionless. Or something like that. Well, to tell the truth, my major objection to the politics of this county is the slow slide towards socialism that we have experienced over the last 20 or 30 years. I hate to see that and although I actually have a libral side on some issues, I probably tend more to a conservative nature. I'd like to see the USA retain it's historical reputation as a land of opportunity for those willing to work for it. It seems to be very difficult for either party to manage a system where freedom and opportunity is the basic rule, but with programs to help those who truly need help can get it without it being exploited and becoming a universal "entitlement". But, I also think it's a good idea to shake the trees every once in a while so no one political agenda gets too powerful. Fortunately, our form of government can withstand a few duds and survive. Eisboch |
It's the economy, stupid.
"HK" wrote in message . .. Eisboch wrote: "HK" wrote in message ... More bad news for the GOP wannabe's: ECONOMIC REPORT Jobless rate jumps to 5% as payroll growth stalls December nonfarm payrolls rise 18,000, weakest gain in more than four years By Rex Nutting, Marke****ch Last update: 9:54 a.m. EST Jan. 4, 2008 WASHINGTON (Marke****ch) -- The nation's unemployment rate shot up to 5% in December as job growth stalled, a sign that the labor market is stressed as the U.S. economic slump spreads. Stocks sold off on the report, while bond prices rose. The yield on the benchmark 10-year note fell to 3.85%. See Market Snapshot. U.S. seasonally adjusted nonfarm payrolls rose by 18,000 in December, the weakest job growth since August 2003, according to a survey of thousands of businesses, the Labor Department reported Friday. Private-sector payrolls fell by 13,000, the first decline in more than four years. Economists were expecting payrolls to increase about 58,000 in December, according to survey conducted by Marke****ch. See Economic Calendar. Job growth was revised up by a total of 10,000 in November and October. Read the full report. A separate survey of households showed employment plunging by 436,000, marking the biggest decline in five years. The number of unemployed adults rose by 474,000, pushing the unemployment rate up to 5% from 4.7%. Economists were expecting the rate to rise to 4.8% in December. The jobless rate had been under 5% for 25 consecutive months. Recession view The jobless rate has risen 0.6 percentage points since March. "When unemployment rises by more than 0.5% from its cycle low a recession generally ensues," wrote Robert Brusca of FAO Economics. The weak jobs report puts more pressure on the Federal Reserve to act aggressively to prevent a recession. Earlier in the week, the prescient Institute for Supply Management manufacturing index fell below the break-even 50% mark, dropping to a nearly four-year low. Ahead of the report, the Fed was expected to cut its overnight lending rate by a quarter- percentage point later this month to further stimulate the economy, which has slowed significantly with the collapse of the housing market and turmoil in the credit markets. The surge in unemployment could encourage the Fed to cut rates by a half-point. "The risk stemming from this is that consumers who face debt constraints may not see income growth as strong in coming months," wrote Stephen Gallagher, U.S. economist for Societe Generale. For the Federal Reserve, however, the need to continue offering support to the markets and the economy only grows. However, the Fed's hands are tied somewhat by worries about inflation, and the jobs report added to those concerns. Average hourly earnings rose 7 cents, or 0.4%, in December, more than the 0.2% gain expected. Earnings have increased 3.7% in the past year. Construction Goods-producing industries cut 75,000 jobs in December, including 49,000 in construction and 31,000 in manufacturing. Construction jobs have fallen by 236,000 since September 2006. Manufacturing industries tied to construction accounted for about 30% of the jobs lost in the factory sector in 2007. Services-producing industries added 93,000 jobs. Government added 31,000, including 25,000 in education. Professional and business services added 43,000 jobs. Retail industries cut 24,000 jobs; since March, the retail sector has lost 34,000 jobs. Education and health-care added 44,000 jobs. Total hours worked in the economy were unchanged. The average work week was steady at 33.8 hours. Hours worked in manufacturing decreased by a substantial 0.7%. Of 278 industries, 48.4% were hiring in December, the first month since September 2003 that fewer than half of industries were adding jobs. Of 84 manufacturing industries, just 31.5% were hiring in December. End of Story Rex Nutting is Washington bureau chief of Marke****ch. All this under a "Democrat" controlled Congress. Eisboch Sorry, but all the Dems have is a simple majority. They don't control Congress. At the moment, because of the way the numbers are divided, the Dems don't control it but the Repubs can obstruct them. The point here is the "callback" to the re-election campaign of George H.W. Bush. He was out touting how wonderful the economy was, Clinton nailed him with the "It's the economy, stupid" line and won the election. Bush keeps touting the economy. So do several GOP wannabes. The economy is tanking, and the ramifications of the housing shake-out are just beginning to be felt. By the summer and fall, we'll likely be in the middle of a recession. The Repubs will call for more "tax cuts" for the rich and the smart Dems will say that Republican trickle-down economic moves (like tax cuts for the rich) do nothing more than trickle down money from one Bush generation to the next and leave the middle class jobless, homeless, medical insuranceless and pensionless. Or something like that. And the boating connection here, Harold, is that Ted Kennedy is a Democrat? And that he once drove his Oldsmobile into the water, apparently thinking it was a boat? Or am I confusing this with the murder of a young woman by another drunken Democrat? I forget, but knowing your reputation, I'm sure there is SOME boating connection. Cheers Old Boy. |
It's the economy, stupid.
On Jan 4, 4:20*pm, "William Bruce" wrote:
"HK" wrote in message . .. Eisboch wrote: "HK" wrote in message ... More bad news for the GOP wannabe's: ECONOMIC REPORT Jobless rate jumps to 5% as payroll growth stalls December nonfarm payrolls rise 18,000, weakest gain in more than four years By Rex Nutting, Marke****ch Last update: 9:54 a.m. EST Jan. 4, 2008 WASHINGTON (Marke****ch) -- The nation's unemployment rate shot up to 5% in December as job growth stalled, a sign that the labor market is stressed as the U.S. economic slump spreads. Stocks sold off on the report, while bond prices rose. The yield on the benchmark 10-year note fell to 3.85%. See Market Snapshot. U.S. seasonally adjusted nonfarm payrolls rose by 18,000 in December, the weakest job growth since August 2003, according to a survey of thousands of businesses, the Labor Department reported Friday. Private-sector payrolls fell by 13,000, the first decline in more than four years. Economists were expecting payrolls to increase about 58,000 in December, according to survey conducted by Marke****ch. See Economic Calendar. Job growth was revised up by a total of 10,000 in November and October.. Read the full report. A separate survey of households showed employment plunging by 436,000, marking the biggest decline in five years. The number of unemployed adults rose by 474,000, pushing the unemployment rate up to 5% from 4.7%. Economists were expecting the rate to rise to 4.8% in December. The jobless rate had been under 5% for 25 consecutive months. Recession view The jobless rate has risen 0.6 percentage points since March. "When unemployment rises by more than 0.5% from its cycle low a recession generally ensues," wrote Robert Brusca of FAO Economics. The weak jobs report puts more pressure on the Federal Reserve to act aggressively to prevent a recession. Earlier in the week, the prescient Institute for Supply Management manufacturing index fell below the break-even 50% mark, dropping to a nearly four-year low. Ahead of the report, the Fed was expected to cut its overnight lending rate by a quarter- percentage point later this month to further stimulate the economy, which has slowed significantly with the collapse of the housing market and turmoil in the credit markets. The surge in unemployment could encourage the Fed to cut rates by a half-point. "The risk stemming from this is that consumers who face debt constraints may not see income growth as strong in coming months," wrote Stephen Gallagher, U.S. economist for Societe Generale. For the Federal Reserve, however, the need to continue offering support to the markets and the economy only grows. However, the Fed's hands are tied somewhat by worries about inflation, and the jobs report added to those concerns. Average hourly earnings rose 7 cents, or 0.4%, in December, more than the 0.2% gain expected. Earnings have increased 3.7% in the past year. Construction Goods-producing industries cut 75,000 jobs in December, including 49,000 in construction and 31,000 in manufacturing. Construction jobs have fallen by 236,000 since September 2006. Manufacturing industries tied to construction accounted for about 30% of the jobs lost in the factory sector in 2007. Services-producing industries added 93,000 jobs. Government added 31,000, including 25,000 in education. Professional and business services added 43,000 jobs. Retail industries cut 24,000 jobs; since March, the retail sector has lost 34,000 jobs. Education and health-care added 44,000 jobs. Total hours worked in the economy were unchanged. The average work week was steady at 33.8 hours. Hours worked in manufacturing decreased by a substantial 0.7%. Of 278 industries, 48.4% were hiring in December, the first month since September 2003 that fewer than half of industries were adding jobs. Of 84 manufacturing industries, just 31.5% were hiring in December. End of Story Rex Nutting is Washington bureau chief of Marke****ch. All this under a *"Democrat" *controlled Congress. Eisboch Sorry, but all the Dems have is a simple majority. They don't control Congress. At the moment, because of the way the numbers are divided, the Dems don't control it but the Repubs can obstruct them. The point here is the "callback" to the re-election campaign of George H.W. Bush. He was out touting how wonderful the economy was, Clinton nailed him with the "It's the economy, stupid" line and won the election.. Bush keeps touting the economy. So do several GOP wannabes. The economy is tanking, and the ramifications of the housing shake-out are just beginning to be felt. By the summer and fall, we'll likely be in the middle of a recession. The Repubs will call for more "tax cuts" for the rich and the smart Dems will say that Republican trickle-down economic moves (like tax cuts for the rich) do nothing more than trickle down money from one Bush generation to the next and leave the middle class jobless, homeless, medical insuranceless and pensionless. Or something like that. And the boating connection here, Harold, is that Ted Kennedy is a Democrat? And that he once drove his Oldsmobile into the water, apparently thinking it was a boat? *Or am I confusing this with the murder of a young woman by another drunken Democrat? *I forget, but knowing your reputation, I'm sure there is SOME boating connection. *Cheers Old Boy.- Hide quoted text - - Show quoted text - Did you guys actually read his tripe? That's funny... |
It's the economy, stupid.
On Jan 4, 10:53*am, HK wrote:
More bad news for the GOP wannabe's: ECONOMIC REPORT Jobless rate jumps to 5% as payroll growth stalls December nonfarm payrolls rise 18,000, weakest gain in more than four years By Rex Nutting, Marke****ch Last update: 9:54 a.m. EST Jan. 4, 2008 WASHINGTON (Marke****ch) -- The nation's unemployment rate shot up to 5% in December as job growth stalled, a sign that the labor market is stressed as the U.S. economic slump spreads. Stocks sold off on the report, while bond prices rose. The yield on the benchmark 10-year note fell to 3.85%. See Market Snapshot. U.S. seasonally adjusted nonfarm payrolls rose by 18,000 in December, the weakest job growth since August 2003, according to a survey of thousands of businesses, the Labor Department reported Friday. Private-sector payrolls fell by 13,000, the first decline in more than four years. Economists were expecting payrolls to increase about 58,000 in December, according to survey conducted by Marke****ch. See Economic Calendar. Job growth was revised up by a total of 10,000 in November and October. Read the full report. A separate survey of households showed employment plunging by 436,000, marking the biggest decline in five years. The number of unemployed adults rose by 474,000, pushing the unemployment rate up to 5% from 4.7%. Economists were expecting the rate to rise to 4.8% in December. The jobless rate had been under 5% for 25 consecutive months. Recession view The jobless rate has risen 0.6 percentage points since March. "When unemployment rises by more than 0.5% from its cycle low a recession generally ensues," wrote Robert Brusca of FAO Economics. The weak jobs report puts more pressure on the Federal Reserve to act aggressively to prevent a recession. Earlier in the week, the prescient Institute for Supply Management manufacturing index fell below the break-even 50% mark, dropping to a nearly four-year low. Ahead of the report, the Fed was expected to cut its overnight lending rate by a quarter- percentage point later this month to further stimulate the economy, which has slowed significantly with the collapse of the housing market and turmoil in the credit markets. The surge in unemployment could encourage the Fed to cut rates by a half-point. "The risk stemming from this is that consumers who face debt constraints may not see income growth as strong in coming months," wrote Stephen Gallagher, U.S. economist for Societe Generale. For the Federal Reserve, however, the need to continue offering support to the markets and the economy only grows. However, the Fed's hands are tied somewhat by worries about inflation, and the jobs report added to those concerns. Average hourly earnings rose 7 cents, or 0.4%, in December, more than the 0.2% gain expected. Earnings have increased 3.7% in the past year. Construction Goods-producing industries cut 75,000 jobs in December, including 49,000 in construction and 31,000 in manufacturing. Construction jobs have fallen by 236,000 since September 2006. Manufacturing industries tied to construction accounted for about 30% of the jobs lost in the factory sector in 2007. Services-producing industries added 93,000 jobs. Government added 31,000, including 25,000 in education. Professional and business services added 43,000 jobs. Retail industries cut 24,000 jobs; since March, the retail sector has lost 34,000 jobs. Education and health-care added 44,000 jobs. Total hours worked in the economy were unchanged. The average work week was steady at 33.8 hours. Hours worked in manufacturing decreased by a substantial 0.7%. Of 278 industries, 48.4% were hiring in December, the first month since September 2003 that fewer than half of industries were adding jobs. Of 84 manufacturing industries, just 31.5% were hiring in December. End of Story Rex Nutting is Washington bureau chief of Marke****ch. George W. Bush - the 43rd Best President Ever! Harry, maybe you should heed the "experts" and close shop now and concentrate on sharpening up on your panhandeling skills. That way you'll be prepared to beat the rush... |
It's the economy, stupid.
I'm sure it ran up much more than that as US foreign debt is 12.78trillion
as of June 2007. Then there is internal debt which is much higher as the cost of war is at 2.1billion a month on average for the last four years alone in Iraq. Not to mention the Afghanistan war, extremely expensive homeland security, botched emergency effort in New Orleans, dozens of natural disasters, domestic auto sector being wiped out. The list is long. Most of your foreign debt is to Canada for energy, raw materials, food and assorted other items. The only three areas on growth in the US is law enforcement ( ironically things like 8million aliens aren't criminals), armed forces and the medical fields. Sad state of direction for any nation. "John" wrote in message ... "Eisboch" wrote in message ... But, I also think it's a good idea to shake the trees every once in a while so no one political agenda gets too powerful. Which is EXACTLY what happened 2000-2006, take a look at what the "conservatives" have done to the national debt! from 2000-2006 they ran the debt up 2 TRILLION dollars! http://www.treasurydirect.gov/NP/NPGateway Fortunately, our form of government can withstand a few duds and survive. Eisboch I pray you are right..... |
It's the economy, stupid.
John wrote:
"Ceri Thomas" wrote in message news:1Bhgj.20476$EA5.11445@pd7urf2no... I'm sure it ran up much more than that as US foreign debt is 12.78trillion as of June 2007. Then there is internal debt which is much higher as the cost of war is at 2.1billion a month on average for the last four years alone in Iraq. Not to mention the Afghanistan war, extremely expensive homeland security, botched emergency effort in New Orleans, dozens of natural disasters, domestic auto sector being wiped out. The list is long. Most of your foreign debt is to Canada for energy, raw materials, food and assorted other items. The only three areas on growth in the US is law enforcement ( ironically things like 8million aliens aren't criminals), armed forces and the medical fields. Sad state of direction for any nation. Do not lose focus on how and where they blew the money- The one that really fry's me and should have a FULL investigation was when Bush flew 10 BILLION IN CASH into the waiting hands of military contractors. You can buy a LOT of votes and loyalty with 10 billion, just what did they do to deserve such a reward? How much of that made it back to Bush family coffers? The United States of Corporate-ism http://tinyurl.com/3xcebr |
It's the economy, stupid.
On Mon, 07 Jan 2008 09:21:16 -0500, HK wrote:
John wrote: "Ceri Thomas" wrote in message news:1Bhgj.20476$EA5.11445@pd7urf2no... I'm sure it ran up much more than that as US foreign debt is 12.78trillion as of June 2007. Then there is internal debt which is much higher as the cost of war is at 2.1billion a month on average for the last four years alone in Iraq. Not to mention the Afghanistan war, extremely expensive homeland security, botched emergency effort in New Orleans, dozens of natural disasters, domestic auto sector being wiped out. The list is long. Most of your foreign debt is to Canada for energy, raw materials, food and assorted other items. The only three areas on growth in the US is law enforcement ( ironically things like 8million aliens aren't criminals), armed forces and the medical fields. Sad state of direction for any nation. Do not lose focus on how and where they blew the money- The one that really fry's me and should have a FULL investigation was when Bush flew 10 BILLION IN CASH into the waiting hands of military contractors. You can buy a LOT of votes and loyalty with 10 billion, just what did they do to deserve such a reward? How much of that made it back to Bush family coffers? The United States of Corporate-ism http://tinyurl.com/3xcebr Yeah, we need to get rid of the corporations, put production in the hands of the government where it belongs. That would be the fair thing to do. -- John H "All decisions are the result of binary thinking." |
It's the economy, stupid.
On Mon, 7 Jan 2008 10:22:11 -0500, "John" wrote:
"John H." wrote in message .. . On Mon, 07 Jan 2008 09:21:16 -0500, HK wrote: John wrote: "Ceri Thomas" wrote in message news:1Bhgj.20476$EA5.11445@pd7urf2no... I'm sure it ran up much more than that as US foreign debt is 12.78trillion as of June 2007. Then there is internal debt which is much higher as the cost of war is at 2.1billion a month on average for the last four years alone in Iraq. Not to mention the Afghanistan war, extremely expensive homeland security, botched emergency effort in New Orleans, dozens of natural disasters, domestic auto sector being wiped out. The list is long. Most of your foreign debt is to Canada for energy, raw materials, food and assorted other items. The only three areas on growth in the US is law enforcement ( ironically things like 8million aliens aren't criminals), armed forces and the medical fields. Sad state of direction for any nation. Do not lose focus on how and where they blew the money- The one that really fry's me and should have a FULL investigation was when Bush flew 10 BILLION IN CASH into the waiting hands of military contractors. You can buy a LOT of votes and loyalty with 10 billion, just what did they do to deserve such a reward? How much of that made it back to Bush family coffers? The United States of Corporate-ism http://tinyurl.com/3xcebr Yeah, we need to get rid of the corporations, put production in the hands of the government where it belongs. That would be the fair thing to do. -- John H LOL But on the flip side you should NOT have corporations running the government! Just check who Bush appointees were. Mussolini claimed Fascism was only corporatism, the marriage of corporations and government.... Where would a president go for appointees? Would current or former politicians be the best bet? Educators? Union leaders? High contributors? Those successful in related occupations? Ministers? Olympians? Were none of Clinton's appointees from the business world? Which specific appointees do you think are getting money under the table somehow? -- John H "All decisions are the result of binary thinking." |
It's the economy, stupid.
John wrote:
"John H." wrote in message ... On Mon, 7 Jan 2008 10:22:11 -0500, "John" wrote: "John H." wrote in message ... On Mon, 07 Jan 2008 09:21:16 -0500, HK wrote: John wrote: "Ceri Thomas" wrote in message news:1Bhgj.20476$EA5.11445@pd7urf2no... I'm sure it ran up much more than that as US foreign debt is 12.78trillion as of June 2007. Then there is internal debt which is much higher as the cost of war is at 2.1billion a month on average for the last four years alone in Iraq. Not to mention the Afghanistan war, extremely expensive homeland security, botched emergency effort in New Orleans, dozens of natural disasters, domestic auto sector being wiped out. The list is long. Most of your foreign debt is to Canada for energy, raw materials, food and assorted other items. The only three areas on growth in the US is law enforcement ( ironically things like 8million aliens aren't criminals), armed forces and the medical fields. Sad state of direction for any nation. Do not lose focus on how and where they blew the money- The one that really fry's me and should have a FULL investigation was when Bush flew 10 BILLION IN CASH into the waiting hands of military contractors. You can buy a LOT of votes and loyalty with 10 billion, just what did they do to deserve such a reward? How much of that made it back to Bush family coffers? The United States of Corporate-ism http://tinyurl.com/3xcebr Yeah, we need to get rid of the corporations, put production in the hands of the government where it belongs. That would be the fair thing to do. -- John H LOL But on the flip side you should NOT have corporations running the government! Just check who Bush appointees were. Mussolini claimed Fascism was only corporatism, the marriage of corporations and government.... Where would a president go for appointees? Would current or former politicians be the best bet? Educators? Union leaders? High contributors? Those successful in related occupations? Ministers? Olympians? Were none of Clinton's appointees from the business world? Which specific appointees do you think are getting money under the table somehow? -- John H Clinton? The first words out of a conservatives mouth "But Clinton....." Not much of a defense! My biggest complaint is on the environment. Bush has stacked all appointed posts with people who are from industry and attacked/watered down all environmental protections. for example the EPA - do you like clean air and water - the Bush administration doesn't. http://www.washingtonmonthly.com/fea...schaeffer.html and http://www.grist.org/news/muck/2004/11/02/little-epa/ http://thinkprogress.org/2006/10/30/...gered-species/ I guess I am liberal in that I think the environment is more important than corporate profit. **************** If you want to know why something happens in politics - Follow the money! Do you know anything about Herring? You are arguing with an idiot. -- George W. Bush - the 43rd Best President Ever! |
It's the economy, stupid.
HK wrote:
John wrote: "Ceri Thomas" wrote in message news:1Bhgj.20476$EA5.11445@pd7urf2no... I'm sure it ran up much more than that as US foreign debt is 12.78trillion as of June 2007. Then there is internal debt which is much higher as the cost of war is at 2.1billion a month on average for the last four years alone in Iraq. Not to mention the Afghanistan war, extremely expensive homeland security, botched emergency effort in New Orleans, dozens of natural disasters, domestic auto sector being wiped out. The list is long. Most of your foreign debt is to Canada for energy, raw materials, food and assorted other items. The only three areas on growth in the US is law enforcement ( ironically things like 8million aliens aren't criminals), armed forces and the medical fields. Sad state of direction for any nation. Do not lose focus on how and where they blew the money- The one that really fry's me and should have a FULL investigation was when Bush flew 10 BILLION IN CASH into the waiting hands of military contractors. You can buy a LOT of votes and loyalty with 10 billion, just what did they do to deserve such a reward? How much of that made it back to Bush family coffers? The United States of Corporate-ism http://tinyurl.com/3xcebr No corporations, no need for unions. |
It's the economy, stupid.
BAR wrote:
HK wrote: John wrote: "Ceri Thomas" wrote in message news:1Bhgj.20476$EA5.11445@pd7urf2no... I'm sure it ran up much more than that as US foreign debt is 12.78trillion as of June 2007. Then there is internal debt which is much higher as the cost of war is at 2.1billion a month on average for the last four years alone in Iraq. Not to mention the Afghanistan war, extremely expensive homeland security, botched emergency effort in New Orleans, dozens of natural disasters, domestic auto sector being wiped out. The list is long. Most of your foreign debt is to Canada for energy, raw materials, food and assorted other items. The only three areas on growth in the US is law enforcement ( ironically things like 8million aliens aren't criminals), armed forces and the medical fields. Sad state of direction for any nation. Do not lose focus on how and where they blew the money- The one that really fry's me and should have a FULL investigation was when Bush flew 10 BILLION IN CASH into the waiting hands of military contractors. You can buy a LOT of votes and loyalty with 10 billion, just what did they do to deserve such a reward? How much of that made it back to Bush family coffers? The United States of Corporate-ism http://tinyurl.com/3xcebr No corporations, no need for unions. Of course, you haven't a clue as to what corporate-ism is, do you? -- George W. Bush - the 43rd Best President Ever! |
It's the economy, stupid.
HK wrote:
BAR wrote: HK wrote: John wrote: "Ceri Thomas" wrote in message news:1Bhgj.20476$EA5.11445@pd7urf2no... I'm sure it ran up much more than that as US foreign debt is 12.78trillion as of June 2007. Then there is internal debt which is much higher as the cost of war is at 2.1billion a month on average for the last four years alone in Iraq. Not to mention the Afghanistan war, extremely expensive homeland security, botched emergency effort in New Orleans, dozens of natural disasters, domestic auto sector being wiped out. The list is long. Most of your foreign debt is to Canada for energy, raw materials, food and assorted other items. The only three areas on growth in the US is law enforcement ( ironically things like 8million aliens aren't criminals), armed forces and the medical fields. Sad state of direction for any nation. Do not lose focus on how and where they blew the money- The one that really fry's me and should have a FULL investigation was when Bush flew 10 BILLION IN CASH into the waiting hands of military contractors. You can buy a LOT of votes and loyalty with 10 billion, just what did they do to deserve such a reward? How much of that made it back to Bush family coffers? The United States of Corporate-ism http://tinyurl.com/3xcebr No corporations, no need for unions. Of course, you haven't a clue as to what corporate-ism is, do you? Why are you against the engines of our economy and prosperity? |
It's the economy, stupid.
On Mon, 7 Jan 2008 11:34:24 -0500, "John" wrote:
"John H." wrote in message .. . On Mon, 7 Jan 2008 10:22:11 -0500, "John" wrote: "John H." wrote in message ... On Mon, 07 Jan 2008 09:21:16 -0500, HK wrote: John wrote: "Ceri Thomas" wrote in message news:1Bhgj.20476$EA5.11445@pd7urf2no... I'm sure it ran up much more than that as US foreign debt is 12.78trillion as of June 2007. Then there is internal debt which is much higher as the cost of war is at 2.1billion a month on average for the last four years alone in Iraq. Not to mention the Afghanistan war, extremely expensive homeland security, botched emergency effort in New Orleans, dozens of natural disasters, domestic auto sector being wiped out. The list is long. Most of your foreign debt is to Canada for energy, raw materials, food and assorted other items. The only three areas on growth in the US is law enforcement ( ironically things like 8million aliens aren't criminals), armed forces and the medical fields. Sad state of direction for any nation. Do not lose focus on how and where they blew the money- The one that really fry's me and should have a FULL investigation was when Bush flew 10 BILLION IN CASH into the waiting hands of military contractors. You can buy a LOT of votes and loyalty with 10 billion, just what did they do to deserve such a reward? How much of that made it back to Bush family coffers? The United States of Corporate-ism http://tinyurl.com/3xcebr Yeah, we need to get rid of the corporations, put production in the hands of the government where it belongs. That would be the fair thing to do. -- John H LOL But on the flip side you should NOT have corporations running the government! Just check who Bush appointees were. Mussolini claimed Fascism was only corporatism, the marriage of corporations and government.... Where would a president go for appointees? Would current or former politicians be the best bet? Educators? Union leaders? High contributors? Those successful in related occupations? Ministers? Olympians? Were none of Clinton's appointees from the business world? Which specific appointees do you think are getting money under the table somehow? -- John H Clinton? The first words out of a conservatives mouth "But Clinton....." Not much of a defense! My biggest complaint is on the environment. Bush has stacked all appointed posts with people who are from industry and attacked/watered down all environmental protections. for example the EPA - do you like clean air and water - the Bush administration doesn't. http://www.washingtonmonthly.com/fea...schaeffer.html and http://www.grist.org/news/muck/2004/11/02/little-epa/ http://thinkprogress.org/2006/10/30/...gered-species/ I guess I am liberal in that I think the environment is more important than corporate profit. **************** If you want to know why something happens in politics - Follow the money! Like in 'Al Gore'. You've presented two anti-Republican hate sheets and one article about a Bush appointee who must have been a good one, by your definition. You answered none of my questions. I accused Clinton of nothing. I simply asked a question about him. You made a generalized derogatory statement alleging that corporations were running the government. You provided no proof, with one possible exception in the EPA. So, have a good day. -- John H "All decisions are the result of binary thinking." |
It's the economy, stupid.
On Mon, 07 Jan 2008 11:35:10 -0500, HK wrote:
John wrote: "John H." wrote in message ... On Mon, 7 Jan 2008 10:22:11 -0500, "John" wrote: "John H." wrote in message ... On Mon, 07 Jan 2008 09:21:16 -0500, HK wrote: John wrote: "Ceri Thomas" wrote in message news:1Bhgj.20476$EA5.11445@pd7urf2no... I'm sure it ran up much more than that as US foreign debt is 12.78trillion as of June 2007. Then there is internal debt which is much higher as the cost of war is at 2.1billion a month on average for the last four years alone in Iraq. Not to mention the Afghanistan war, extremely expensive homeland security, botched emergency effort in New Orleans, dozens of natural disasters, domestic auto sector being wiped out. The list is long. Most of your foreign debt is to Canada for energy, raw materials, food and assorted other items. The only three areas on growth in the US is law enforcement ( ironically things like 8million aliens aren't criminals), armed forces and the medical fields. Sad state of direction for any nation. Do not lose focus on how and where they blew the money- The one that really fry's me and should have a FULL investigation was when Bush flew 10 BILLION IN CASH into the waiting hands of military contractors. You can buy a LOT of votes and loyalty with 10 billion, just what did they do to deserve such a reward? How much of that made it back to Bush family coffers? The United States of Corporate-ism http://tinyurl.com/3xcebr Yeah, we need to get rid of the corporations, put production in the hands of the government where it belongs. That would be the fair thing to do. -- John H LOL But on the flip side you should NOT have corporations running the government! Just check who Bush appointees were. Mussolini claimed Fascism was only corporatism, the marriage of corporations and government.... Where would a president go for appointees? Would current or former politicians be the best bet? Educators? Union leaders? High contributors? Those successful in related occupations? Ministers? Olympians? Were none of Clinton's appointees from the business world? Which specific appointees do you think are getting money under the table somehow? -- John H Clinton? The first words out of a conservatives mouth "But Clinton....." Not much of a defense! My biggest complaint is on the environment. Bush has stacked all appointed posts with people who are from industry and attacked/watered down all environmental protections. for example the EPA - do you like clean air and water - the Bush administration doesn't. http://www.washingtonmonthly.com/fea...schaeffer.html and http://www.grist.org/news/muck/2004/11/02/little-epa/ http://thinkprogress.org/2006/10/30/...gered-species/ I guess I am liberal in that I think the environment is more important than corporate profit. **************** If you want to know why something happens in politics - Follow the money! Do you know anything about Herring? You are arguing with an idiot. Harry does not like people who don't abide liars and bigots. He pretends to have them filtered, but he hangs on every word. -- John H "All decisions are the result of binary thinking." |
It's the economy, stupid.
|
It's the economy, stupid.
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