Economy UP

“LZ, I live in a right to work state. - Hyway

Have you hugged a lawmaker today?”

“I am not sure if this is a good or bad story about lawmakers in my state, but our lawmakers just kicked one of their own out of the legislature for abuse of his power, obstruction of justice and fraud. You have to be pretty bad to get dumped by this wretched hive of scum and villainy.”

“our lawmakers just kicked one of their own out of the legislature for abuse of his power

We can do that? Dang ... there'd be noone left to run the country.

I am glad to see them wrong a wright.
last edited: 4/04/08 5:43:35 AM”

“Leave business to BUSINESSMarge

Use the oil co's as your guide. Give them subsidies and talk about no taxes and keep them from doing business in your back yard all in the same breath. We forget that about 20years ago these same 'Oil Slicks' were in front of congress crying that demand was down so low they couldn't be in business without becoming broke, because of car pools and little foreign cars.”

“salebored - I never said subsidising them was a good idea. From now on, please keep my opinions to myself.”

“My eyes are so bad, I can't see where I said that.But, I'm glad it's still about you.”

“Maybe you weren't mocking meMalebored”

“Was that 4th or 5th grade?”

“I also have been in "right to work" areas... When I was employed as a shear operator in a non union shop I got well paid however after a few month I noticed that anyone who got sick or hurt quietly disappeared as soon as management thought they were safe.

The Union may eventually destroy my current employer but not before I enjoy a long well paid carreer and reap a lot of great benefits out of the system. I dont work for mankind, I work for my family. I am a mercenary for sale to the highest bidder and anything else is simply BS. Since the union helps me to achieve my goals then I am all for them.”

“good for you.”

“When labor has no power.............”

“What is it about a shear that the union could improve? If you can count your fingers you can operate a shear.”

“money over principal?

freedom for all Americans should be priority 1. Personal success, second.”

“When a minimium is desired, then a maximium becomes imperative.”

“Where did that recession go? In spite of the media and Democrat rhetoric the economy continues to grow.”

“"You have got the Obama phenomenon. You have got, undoubtedly, a recession ... The average American is really getting hurt financially and that all bodes well for him (Obama), Murdoch said.”

“Actually we are not in a recession. That was my point. You won't hear that on the news, because the news people were telling us we were in a recession, until the numbers came in.”

“Where did that recession go? In spite of the media and Democrat rhetoric the economy continues to grow

Spending is way up, isn't it great? Yah, and inflation is under control. The race over who can tell the biggest lies is outpacing all else in 'Neverneverland'.
last edited: 5/30/08 6:10:10 AM”

“Well firstly we're far from out of the woods yet.

You also have to look at comparing it to population growth.

We're only really just starting to see the inflationary pressure begin to stir - Dow Chemicals 20% price rises across the board are an indication of things to come.”

“how come we have to compare just this reports numbers against other issues, and never the ones from the past? They get to stand alone while the one that disproves what all the yammerers are saying has to have qualifiers.”

“I just read this on money.aol.com A list of retailers they said will be going out of business. Lots seem to be stores you see in malls. Here's the list they gave.

Linens 'n Things
Disney Stores
Foot Locker
Wilson's Leather
Home Depot
Ann Taylor
Pacific Sunwear
Lonestar Steakhouse
Zales
Pier 1 Imports
Friedman's Jewelers
Dell
Urban Interiors
84 Lumber
Sharper Image
Pep Boys
Ethan Allan
Rite Aid
Sprint Nextel Corp
Movie Gallery / Hollywood Video
Saks
Wickes Furniture
Sofa Express
Macy's
CompUSA
Kirkland's
Big Dollar
Fashion Bug, Lane Bryant & Catherine's
Talbot's & Sigrid Olsen
Jasmine Sola
Lillian Vernon”

“That's a pretty weak list. I was just reading the paper here this morning that Dell just spanked analysts estimates on the back of gorwth globally and in servers. There's a few dubious things I've read on aol's money section recent.

Hyway - it doesn't really matter in the end. The fact is that we're in a significant downturn.”

“I ain't in a downturn, I haven't lost my house, i haven't lost my job, i haven't gone bankrupt. too bad I didn't get into a risky loan with a variable loan then I could be a victim and cry about how bad things are.”

“Hyway - you seem to confuse the term recession of downturn for depression or worse. Even in a depression not everyone suffers. Recessions effect people at the edges, in certain areas, job sectors and circumstances, not everyone.

Just because you're not suffering doesn't mean, for example, truck drivers aren't, someone in foreclosure isn't, people paying huge heating oil bills, people on ficxed income dealing with food price increases, those being laid off from the banking sector. The list is a long one.

Maybe try to put yourself in someone else's shoes for once.”

“Hyway - my SO lost her job when a major finanacial institution eliminated virtually all of its advertising budget. She's ended up in a better job but it's been a very very bad environment for looking for work - and has been a painful 5-6 months looking. So don't try to pretend to me that there's nothing happening.”

“BTW The numbers you are looking at have been skewed so the goverment can claim everything is good. the real inflation rate is about 13 percent right now and unemployment is around 11 percent. Using the cost of a burger because steak is too high is one of the techniques they have been using to get the numbers right. For unemployment they redefined it. Anyone out of work for more then 6 months is no longer counted because they are considered unemployable....

One of the gauges for a depression is a 30 percent drop in housing costs, currently we have fallen 20 percent...

But you right, inspite of the steep rise of oil and all, everything is A-ok.”

“and you are saying that no one in the history of record keeping ever bought hamburger instead of steak before? Again, I ask, why should the numbers this time have qualifiers when you compare it to numbers in the past when people acted the same way?

Y2, people have lost jobs for ever and ever. Sometimes companies change and they close departments. It happens now, before and it will happen later. What kind of job is adcertizing anyway. get a real job that offers something of value to humanity”

“Housing prices are back to late 2004 prices with a 'humptydumpty' in between. In a way, the problem is more the castle size nature of the homes built in that hump. If your house is down 20% from the summit 2006 price, that is a retracement of the 40% gain from late 2004 to the 2006 high.”

“If only we had 300 million people like you Hyway, everything would be just fine. ;op”

“But again you're missing the poin Hyway - the point is not that people lose jobs, but how the replacement jobs are increasingly difficult to find.

A lot of the jobs that used to be in the American economy are now done in India and China.

I can just see the shock and amazement if anything happens to your livelihood - the disbelief that it could happen to you.
last edited: 5/30/08 10:07:43 AM”

“I know it could happen to me, but I would find another job. maybe it will pay less, maybe i would have to work two jobs. maybe I would have to retrain. whatever I would have to do you can bet your ass I wouldn't be on unemployment for 13 weeks.”

“Well good for you, not entirely sure what that has got to do with this, but ok.

So our standard test for the success of the American economy is that you could find a job doing something no matter how little it paid?

I guess what I'm saying is that how you're doing doesn't really mean that everyone and everything else is just peacy.
Also that our standard for things going well shouldn't be subsitance living - in fact we need it to be more than subsitance living as we need people to keep spending.
last edited: 5/30/08 10:26:57 AM”

“Lumberjack - I'm also struggling to see where these low inflation figures are coming from. Everyone is reporting prices going significantly higher. The fact that they exclude things like energy is also crazy as it's not as though you can really avoid paying your heating bill.”

“What are you talking about. My point is that the test for success of the American economy is the test thats always used. Not the bunch of arbitrary qualifiers that you guys want to add on to make the numbers look worse than they really are. If the numbers from another period say a period was or wasn't a recession, then use the same numbers to compare this one to that.”

“"For unemployment they redefined it. Anyone out of work for more then 6 months is no longer counted because they are considered unemployable....”
Lumberjack
12:05:15 PM
5/30/08

That's actually nothing new. That's how unemployment was defined in the economics class I took in college 12 years ago.”

“No Hyway - you mean the test for recession - not success.”

“In our times growth is success, except in cancer and body weight. And , recession is lack of growth, no matter the quality, just the quantity.”

“we live in an era of quick bucks, throw away consumerisms and government rescues. At some point you have to pay the piper. Then you count the change you have left and get on with your life. Stop acting as if the world has always been a happy happy place where everyone gets rich and never loses a job. There is nothing new here. Times have always been hard.”

“Loss of growth, because of increase in quality is mankinds future decision to make. Times have always been bad, but with more(growth) dependence on others, the undertows effect more(growth)each time.”

“this is not even a twitch on the human time line of rough economic times. we are such vain people ... if it didn't happen to us then it couldn't have been bad”

“A twitch in time saves nine. No, Walmart has a new one cheaper than thread-you're on an example: this thread is better than new.”

“Economy up? Gas is on its way to five bucks, milk's over $4 a gallon and George got desperate and cut everyone a $600 check.

Yeah, as Tony the Tiger would say, things are looking, "Grrrrrrrreeeeeeeeeeeeat!"”

“To calculate inflation the goverment would take a set of products and price them. Over a period of time they add up the totals and the differance is the inflation rate. The goverment rather then admit there is inflation that might make the administration look bad Changes the list of goods to a more favorable one. If porterhouse steak goes up too fast they substitute hamburger which is obviously not even remotely the same. One item of note is that gasoline and heating fuel are no longer used.

Why fiddle with the numbers? Appearances aside things like social security are adjust by changes in the inflation rate. By under reporting inflation for the last decade social security checks are actually about half of what they would have been using the same methods used in the 70's.

BTW speaking of 600 dollars checks you notice since everyone got and spent their checks the numbers improved a little.......

http://www.larouchepub.com/other/2000/ref_quality_adj_2742.html

http://www.shadowstats.com”

“bull#&%!$, they just got the checks, the spending isn't in the reporting yet”

“That money went on credit for many-it had to for their survival.”

“Next week they begin debating on the cap and trade legislation that will basically tax the shyt out of companies based on their CO2 emissions. You think the gas prices have effected the price of everything else? You ain't seen nothin' yet! You think gas is high now? You ain't seen nothin' yet (projected increases on gas is $1.50-$5 a gallon)! You think the economy has been bad this past year? You ain't seen nothin' yet! You think a lot of jobs have left for overseas? You ain't seen nothin' yet!”

“Down, down, down, the flames, went higher...

http://news.yahoo.com/s/ap/20080606/ap_on_bi_go_ec_fi/economy;_ylt=AtOoZnBcihsVc0uWW6puSJ.s0NUE”

“Woo-hoo! I hope the economy gets even worse and we lose the war too! Then the Democrats will get to take over! Finally!”

“OK Sarge.”

“He's a corporal now.”