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Confused
RealPoor Master of Posts
Joined: 08 Feb 2004
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Mental_Hernia
RealPoor Guru
Joined: 14 Oct 2002
Posts: 3336
Location: Texas
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 Posted: 07/06/04 - 14:34 Post subject:
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Now why is it that, if Kerry wins presidency it will look like a total kick in the balls to Bush, but if Bush wins it will be like "oh well, he got lucky"?
Last edited by Mental_Hernia on 07/06/04 - 14:35; edited 1 time in total
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Paco
RealPoor Jedi
Joined: 13 Oct 2002
Posts: 12940
Location: Jacksonville, FL
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Posted: 07/06/04 - 14:34 Post subject:
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Guess that Bush isn't doing so bad as they say..
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In fact, many analysts are forecasting that the overall economy, as measured by the gross domestic product, will grow by 4.6 percent or better this year, the fastest in two decades.
There were strong 4.5 percent growth rates in 1997 and 1999, when Bill Clinton (news - web sites) was president and the country was in the midst of a record 10-year expansion.
But if this year's growth ends up a bit faster than that, it will be the best since the economy roared ahead at a 7.2 percent rate in 1984, a year when another Republican president — Ronald Reagan (news - web sites) — was running for re-election.
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Frehya
RealPoor Guru
Joined: 11 Oct 2002
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Posted: 07/06/04 - 14:36 Post subject:
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OKay so Yahoo is for the right and of course, the NYT is for the left... allow me to add to your demonstration....
Bye-Bye, Bush Boom
By PAUL KRUGMAN
Published: July 6, 2004
When does optimism — the Bush campaign's favorite word these days — become an inability to face facts? On Friday, President Bush insisted that a seriously disappointing jobs report, which fell far short of the pre-announcement hype, was good news: "We're witnessing steady growth, steady growth. And that's important. We don't need boom-or-bust-type growth."
But Mr. Bush has already presided over a bust. For the first time since 1932, employment is lower in the summer of a presidential election year than it was on the previous Inauguration Day. Americans badly need a boom to make up the lost ground. And we're not getting it.
When March's numbers came in much better than expected, I cautioned readers not to make too much of one good month. Similarly, we shouldn't make too much of June's disappointment. The question is whether, taking a longer perspective, the economy is performing well. And the answer is no.
If you want a single number that tells the story, it's the percentage of adults who have jobs. When Mr. Bush took office, that number stood at 64.4. By last August it had fallen to 62.2 percent. In June, the number was 62.3. That is, during Mr. Bush's first 30 months, the job situation deteriorated drastically. Last summer it stabilized, and since then it may have improved slightly. But jobs are still very scarce, with little relief in sight.
Bush campaign ads boast that 1.5 million jobs were added in the last 10 months, as if that were a remarkable achievement. It isn't. During the Clinton years, the economy added 236,000 jobs in an average month. Those 1.5 million jobs were barely enough to keep up with a growing working-age population.
In the spring, it seemed as if the pace of job growth was accelerating: in March and April, the economy added almost 700,000 jobs. But that now looks like a blip — a one-time thing, not a break in the trend. May growth was slightly below the Clinton-era average, and June's numbers — only 112,000 new jobs, and a decline in working hours — were pretty poor.
What about overall growth? After two and a half years of slow growth, real G.D.P. surged in the third quarter of 2003, growing at an annual rate of more than 8 percent. But that surge appears to have been another blip. In the first quarter of 2004, growth was down to 3.9 percent, only slightly above the Clinton-era average. Scattered signs of weakness — rising new claims for unemployment insurance, sales warnings at Target and Wal-Mart, falling numbers for new durable goods orders — have led many analysts to suspect that growth slowed further in the second quarter.
And economic growth is passing working Americans by. The average weekly earnings of nonsupervisory workers rose only 1.7 percent over the past year, lagging behind inflation. The president of Aetna, one of the biggest health insurers, recently told investors, "It's fair to say that a lot of the jobs being created may not be the jobs that come with benefits." Where is the growth going? No mystery: after-tax corporate profits as a share of G.D.P. have reached a level not seen since 1929.
What should we be doing differently? For three years many economists have argued that the most effective job-creating policies would be increased aid to state and local governments, extended unemployment insurance and tax rebates for lower- and middle-income families. The Bush administration paid no attention — it never even gave New York all the aid Mr. Bush promised after 9/11, and it allowed extended unemployment insurance to lapse. Instead, it focused on tax cuts for the affluent, ignoring warnings that these would do little to create jobs.
After good job growth in March and April, the administration declared its approach vindicated. That was premature, to say the least. Whatever boost the economy got from the tax cuts is now behind us, and given the size of the budget deficit, another big tax cut is out of the question. It's time to change the policy mix — to rescind some of those upper-income cuts and pursue the policies we should have been following all along.
One last point: government policies could do a lot about the failure of new jobs to come with health benefits, a huge source of anxiety for many American families. John Kerry is right to make health care a central plank of his platform. I'll analyze his proposals in a future column.
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Confused
RealPoor Master of Posts
Joined: 08 Feb 2004
Posts: 6730
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Posted: 07/06/04 - 14:41 Post subject:
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The economy was in shambles when Clinton left. Then there was 9/11. Bush was dealt a bad hand (as opposed to Clinton's royal flushed down the toilet) and still comes out on top. I just think it's funny that leftists can't admit the glaring truth. Although, to Kerry's credit, he doesn't talk about the "bad economy" anymore. He's made up some new suffering index or whatever the hell he calls it.
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Silvermouse
RealPoor Jedi
Joined: 12 Oct 2002
Posts: 11015
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Posted: 07/06/04 - 14:42 Post subject:
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War is good for business.
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Frehya
RealPoor Guru
Joined: 11 Oct 2002
Posts: 2398
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Posted: 07/06/04 - 14:44 Post subject:
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| Silvermouse wrote: | | War is good for business. |
Put your left foot in, take your left foot out... put your left foot in and shake it all about. Do the hokey pokey and turn yourself around...
Thats what its all about!
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Paco
RealPoor Jedi
Joined: 13 Oct 2002
Posts: 12940
Location: Jacksonville, FL
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Posted: 07/06/04 - 14:54 Post subject:
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Freyha The Crybaby!
Rated XXX. c*****g to theaters near you!
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Banzai
Guest
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Posted: 07/06/04 - 14:59 Post subject:
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Edwards baby!
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Frehya
RealPoor Guru
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Jinu
RealPoor Guru
Joined: 11 Oct 2002
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Posted: 07/06/04 - 15:42 Post subject:
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What is a "shit job"?
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Overon
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Joined: 14 Oct 2002
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Location: PLANE OF PIXIES
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Posted: 07/06/04 - 16:46 Post subject:
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boop
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Paco
RealPoor Jedi
Joined: 13 Oct 2002
Posts: 12940
Location: Jacksonville, FL
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Posted: 07/06/04 - 17:59 Post subject:
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for you!
"Mrs. Russell", Caucasian, 50s - 60s. She is the loving and loyal wife of Senator Russell in the mid-1950s. She has gone through a stroke and is confined to a wheelchair.
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Booker
RealPoor Guru
Joined: 12 Oct 2002
Posts: 2562
Location: Corvallis, Oregon
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Posted: 07/06/04 - 19:04 Post subject:
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| Overon wrote: |
boop |
wuwu
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lauren000
RealPoor Guru
Joined: 21 Oct 2002
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Location: colorado springs
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Posted: 07/06/04 - 20:33 Post subject:
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it's still under 11k
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