Economy UP

“Leave it to HPM to screw up all the planning.

Jeez.”

“Back to the steam vent for a moment, it's a scientific fact that huddling together pools more body warmth.”

“Hey man, you should always carry a spare.
You just never know when a blowout will happen and whammo. There you are by the side of the road stranded and poor again.”

“HPM has a spare wife to change tires for him?”

“HPM's got a squirrel too.”

“Yeah, but does he have a spare squirrel?”

“I must say, I've never met a poor person who still couldn't aford cable.”

“Hell, you can get cable in prison!”

“I certainly have, but then again, I do volunteer work.”

“Maybe unemployment is so high because people have to work two jobs to make ends meet.

Supply-Side Economics, endorsed by the haves and have mores.”

“Economy Grows at Slower Pace Than Expected

Economy Grows at a 2.8 Percent Rate in the Spring, Slower Pace Than Previously Thought

The Associated Press via ABC News

WASHINGTON Aug. 27, 2004 — The U.S. economy, struggling under the weight of a bloated trade deficit, grew at a relatively modest 2.8 percent annual rate in the second quarter, a slower pace of expansion than previously thought.

The new reading on gross domestic product (GDP) issued by the Commerce Department Friday furnished fresh evidence that the business recovery hit a rut in the spring and early summer. The growth rate was weaker than the 3 percent figure first estimated a month ago and showed that the economy, which had been moving along at a decent clip, lost considerable momentum in the April-to-June quarter.
[...]
The 2.8 percent growth rate for the overall economy in the second quarter was the smallest gain since the first quarter of 2003, when the economy expanded at a 1.9 percent pace.”

“I wanna a job --

I wanna a good job --

I wanna a job --

That satisfies --

My artisic needs --


Cool song. What's it called?

I wanna job!?!”

“

source: Sunday Star Ledger, 9/26/04”

“Nobody wants to talk about the dismal employment figures?

September payrolls grew by 96,000 (about 50,000 below the consensus forecast) and less than is needed just to keep up with population growth. August's figures were revised down by 16,000 to 128,000.

It's now official. Bush is the first president in 70 years to preside over a loss of jobs. Remember all those promises about tax cuts creating millions of jobs? This misadministration has to go.”

“Unemployment is lower that when Clinton ran for re-election. It is at a level that until very recently was generally considered "full employment". Was that in your figures?”

“What are all those unemployed people going to do with those houses they bought?

http://www.danter.com/statistics/homeown.htm”

“Very scary question bacpac, considering that taxpayers effectively guarantee those loans.”

“One of the largest creators of new jobs under Bush has been the expanding federal government.”

“As opposed to McDonalds during the Clinton years (you want fries with that?).”

“Nice try but those jobs at McDonalds are what Bush claims are all the new manufacturing jobs he has created.
last edited: 10/08/04 12:56:30 PM”

“Bush created McDonalds jobs while Clinton was president? Now that's serious power! Unless he owns a lot of McDonalds stores.
last edited: 10/08/04 12:58:53 PM”

“Have you blocked out the manufacturing jobs bush was taking credit for creating and then we find out they are counting cooking a burger and putting it on a bun as manufacturing.”

“Go back and read again. I said nothing about jobs created by President Bush. I refered only to jobs created during the Clinton years.”

“Liberals only want to count the good jobs.

Whatever that means.”

“Ok you lemmings.”

“Bush should be unemployed.”

“I think we created a lot of jobs in India and China. let's just annex.”

“Outsource Bush!”

“"you ask where are all those unemployed" They are underemployed, or dis-enfranchised, or in the military.
You know they have a saying- the rich get richer and the poor get poorer.
It's all part of the Repubicans to get the lower classes to fight their resource wars for them. Like in Flint, Michigan- and all across the US- Our working population grows by 1.2% every month. That means that the 135-150 thousand workers entering the job market in the US need a job. Along with the layoffs and outsourcing- and with the military looking for workers- we have a total of 2 million jobs behind what Boy George promised his tax cuts would deliver. But with that many young bodies and old- we just have to send 'em to the military. That way Scrub can claim he's helping the economy by perpetual commerce through perpetual war.

out of the 224 working age population today- how many are underemployed? how many have health insurance? how many have to pay social security, federal, state, and city, out of their payroll check? How many are part of the elite? How many get more than a $10 rebate on their federal income taxes- so that their state and local taxes can increase to pick up the slack on services?

Repubican democracy- for the common corporation and rich-

Democratic democracy- for the common good
--------------------------------------
whreisthemoney.org

jobwatch.org”

“I was at a press conference held by the AFL-CIO today, with a bunch of unemployed workers. It was sad. Many of them haven't been able to find a job for over a year. Many had good skilled labor jobs for many years, and then thier companies bailed.

I saw some republican doofus spinning the numbers last night on MSNBC, stating something to the tone of, the numbers that were coming out today would show about 150,000 and that August, July and June's numbers would be readjusted to show even more gains.

You really can't believe one single word out of thier mouths. They had no idea what the difference between what the truth and a lie is.”

“Pot/Kettle”

“Great. Now, talk to me about something means something to me, like energy and food prices...”

“Dang bacpac! We’re back where we were 3½ years ago? That’s like a frickin’ miracle or something.

By historical standards, the Bush Presidency has been one miracle after another.


year        DOW close
2003      10453.92
2002      8341.63
2001      10021.50
2000      10786.85
1999      11497.12
1998      9181.43
1997      7908.25
1996      6448.27
1995      5117.12
1994      3834.44
1993      3754.09
1992      3301.11
1991      3168.83
1990      2633.66
1989      2753.20
1988      2168.57
1987      1938.83
1986      1895.95
1985      1546.67
1984      1211.57
1983      1258.64
last edited: 12/22/04 3:18:38 PM”

“Insert some semicolons into those non-breaking spaces would ya?
last edited: 12/22/04 3:14:58 PM”

“Not semicolons. non-breaking spaces are case sensitive? Who knew?”

“Now I understand why the dweeb got re-elected. It's spelled H-Y-P-E!”

“"Tax cuts... will be invested wherever the greatest return can be expected - not necessarily here where it will produce jobs... Capital could very well be stripped from our economy to develop China or Pakistan (for example)."
-- vIoLiN
9/25/03


I told you so:

Cash flow to funds abroad hits record

Already depressed by the nation's huge budget and trade deficits, the U.S. dollar is being undermined by American mutual fund investors: More of them are funneling money into foreign stock funds, a shift that hurts the greenback.
<snip>
Net U.S. cash inflows to stock funds that invest overseas soared to a record $79.7 billion in the first 10 months, compared with $47.6 billion for all of 2003, according to estimates from fund tracker Financial Research Corp. in Boston.
<snip>



Bombay stocks hit new peak on foreign fund euphoria

Bombay shares hit record peaks on Wednesday in a broad-based rally stoked by foreign fund inflows and led by software and auto stocks.
<snip>”

“My foreign fund is doing great!”

“2004 hiring hit five year high.”

“I want to compliment George W. Bush on his deft handling of the economy.”

“Yeah. Total employment is now back up to about where it was when he took office.

Too bad the potential workforce has grown by about 4 million people since then.

Good times!”

“LOL, the number was 175,000. You need 250,000 just to cover the number of people entering the workforce.

If a 75,000 job shortfall over new entrances is the highest in five years... LOL.

And worse, all the tax cuts are all borrowed money... that has to be paid back... plus interest... to our largest holder of treasury debt.... China.

LOL... just like Enron.”

“I am glad to see the left is spinning the facts to suit their needs.

Whatever that is.”

“"...Unemployed Waiting Longer.."

http://www.nytimes.com/2005/01/09/national/09jobless.html?hp&ex=1105246800&en=81e31d35b55beb8c&ei=5094&partner=homepage”

“Interesting story CM. The woman in the article was an employee of Pfizer. A drug company who has had a down turn.

Why has the spin from the left been focused on blaming the President for funneling money to prescription drug companies?

The facts just don't add up.

Oh what the heck. The Bushies are to blame.”

“It's not an issue of "funneling money to drug companies", it's Bill "Medicare Fraud" Frist stealing $500B from the U.S. treasury and NOT solving the drug problem, when it could've been solved for FREE with FREE TRADE by allowing imports from Canada.

20 Years of talk about free trade from the GOP, the moment they get in power they turn socialist only not to help the poor, but socialist to help inheritance babies and monopolies.”

“NAFTA”

“"Spinning facts". LOL, if the economic numbers are good I will be the first to admit them.

175,000 jobs is not as bad as it's been, which is good, but it still means a net loss of jobs given number of people entering the workforce.

It means that workers are going to continue to face wage reductions.

And WAIT until Jr. opens the floodmarkets with the immigrants from Mexico, LOL. I can't wait to see out of work white Republicans standing on the curb carrying W. stickers on their signs that say "Will Work for Food", LOL.”

“What about NAFTA? I am for global free trade with as few middle men as possible and I always will be. Jr. PROMISED he was a free trade guy in 2000 and every single bill he put through systematically reversed free trade. First it was the Steel Protectionism (which had an amusing blowback of hurting manufacturers), then the lumber tarriff's on Canadian lumber (for those who don't know we have a surplus of lumber right now because of cheap Canadian lumber), so he raised the price of Canadian lumber and then started handing out permits to log national forests, then pharmaceutical kickbacks.

He's *NOT* free trade. Bush is a militant socialist pushing the agent of inheritance babies and corporate monopolists.

He always has been I suppose. When I voted for him in 2000 I listened to what he said, and I started becoming suspicious when I saw a couple things I didn't like in some provisions, so I started paying attention. His speeches are a complete FARCE. They are almost comically made up compared to the actual bills he passes.

From a policy perspective this is the most dishonest administration during my lifetime. Maybe worse administrations existed some time ago but historians haven't noted it if they did.

Why are they like this? Because if Bush stood up there and said I am going to roll back environmental protections, invade Iraq and take the peoples oil, enact monopoly price protections for pharmaceutical profiteering, increase the price of wood, and steel by reversing free trade models, I mean he'd have lost the election by a landslide.

So what he does is he stands up there and just flat out misrepresents everything he's doing. He knows 60% of the country doesn't even pick up a newspaper even once in a year so he can get away with it.

Well, we deserve what we get. The taxes on the horizon to bail us out of this mess will be quite unprecedented.

I for one will enjoy the wailing and screaming of my clueless god-loving Republican neighbors who scream at the Democrats.... for balancing Jr.'s budgets and getting us out of this mess... if they even can.

LOL.

And if they don't get voted in? And something as big as the Internet doesn't happen again (and God help us if something that big happens again, but in another country)... well, it's not going to be pretty.

In 2008 the INTEREST EXPENSE on the federal deficit will exceed our total military expenditures. That is a FACT. It's not spin... it's a FACT using Jr.'s own budget numbers.

The INTEREST EXPENSE is already at a point it'll take heavy taxes just to reverse it. If it keeps growing 10%+ per year like it is, it will reach a point where we can't get out of it without really nuts eco-policy.

So what happens if we don't pay it? We default. Or we have to do radical devaluation of the U.S. dollar by printing money or something which causes inflation, you get enough of that and prices spin out of control, only you don't get paid more in your job to match the prices. It was inflation that caused the Great Depression. Chances are they will be scared of that so they'll try and do something else, what, I have no idea, but if international banks call on those loans that we are funding our government with, we are screwed! They'll devalue the U.S. currency and then all of our businesses that depend on foreign good (80%+ of them) will go under or have their margins blown out they can't balance their books.

Jr. keeps spending spending spending... it's all borrowed money that we have to pay interest on! Just like he bankrupted every single company he ever touched.
last edited: 1/08/05 5:32:17 PM”