Typical CNN. "Manufacturing grew, but...." As for unemployment, what is your point? 5.6% is low. You have no argument there. And, of course CNN tows the line by stating "there have 2.35 million jobs lost in the US since....". That's patently false. Say it with me: FALSE.
There are two million MORE jobs than there were when Bush took office. Period.
I suggest you look at it by state. We aren't all at 5.6!
Of course, he'll say unemployment ticked up a tenth of a point, so that points to disaster.
Say it with me: "Double the wall street estimates"
That's good news and I hope it continues. I don't want bad economic news. We all depend on this country's economy so I'd be nuts to do so. However let's see if it has staying power. I still don't think things would have been so bad or gone on so long if it hadn't been for Bush's mismanagement. This doesn't undo any of that.
That's good news and I hope it continues. I don't want bad economic news. We all depend on this country's economy so I'd be nuts to do so. However let's see if it has staying power. I still don't think things would have been so bad or gone on so long if it hadn't been for Bush's mismanagement.
...
So what did Bush "mismanage"? He cut taxes but that's good for the economy. You could blame an ill mood on wall street on the iraq war. Deficit is up but that has nothing to do with the situation now. What did he do or not do to cause the recovery to lag?
So what did Bush "mismanage"? He cut taxes but that's good for the economy. You could blame an ill mood on wall street on the iraq war. Deficit is up but that has nothing to do with the situation now. What did he do or not do to cause the recovery to lag?
Well you mentioned one the war in Iraq ( totally unnecessary ). Bush likes to throw ( our ) money at problems. At the same time he offers tax cuts. Like before everything is floating on credit. This affects the value of the dollar. Which by the way affects the economy.
Well you mentioned one the war in Iraq ( totally unnecessary ). Bush likes to throw ( our ) money at problems. At the same time he offers tax cuts. Like before everything is floating on credit. This affects the value of the dollar. Which by the way affects the economy.
A weak dollar is not necessarily bad for the economy. War can also help the economy....not that we should for that reason.
A weak dollar can spur investment into the country from outside and promote exportation of domestic goods and services because the prices are lower, more competitive here. Of course, it's sort of like the balance between volume versus margin sales. Too much one way or the other, and you either lose more sales, therefore money, or you lose more money on increased sales.
The last time the US had a weak dollar in the late 80's and early 90's, international companies invested in domestic manufacturing and even "outsourced" labor and corporate jobs to the US and Canada. Car companies especially took advantage of the weak dollar by opening lots of factories for building "foreign" cars using our skilled domestic workforce. Obviously, the US wouldn't be able to compete on low-end services and pricing in places like South- and Southeast Asia, but for higher-end labor like what gets done in Japan and Europe, a weak US dollar can make domestic services a good bargain for them.
Haven't read the whole thread, just reacting to the last comment.
Comments
Originally posted by SDW2001
Typical CNN. "Manufacturing grew, but...." As for unemployment, what is your point? 5.6% is low. You have no argument there. And, of course CNN tows the line by stating "there have 2.35 million jobs lost in the US since....". That's patently false. Say it with me: FALSE.
There are two million MORE jobs than there were when Bush took office. Period.
I suggest you look at it by state. We aren't all at 5.6!
And yeah I'm going to believe you over CNN.
Originally posted by SDW2001
[B]Typical CNN. "Manufacturing grew, but...."
Perhaps the recent reclassification of numerous jobs e.g. hamburger restaurant positions as "manufacturing" have something to do with this.
To quote jimmac "uh-oh".
Of course, he'll say unemployment ticked up a tenth of a point, so that points to disaster.
Say it with me: "Double the wall street estimates"
Originally posted by SDW2001
http://money.cnn.com/2004/04/02/news...ex.htm?cnn=yes
To quote jimmac "uh-oh".
Of course, he'll say unemployment ticked up a tenth of a point, so that points to disaster.
Say it with me: "Double the wall street estimates"
That's good news and I hope it continues. I don't want bad economic news. We all depend on this country's economy so I'd be nuts to do so. However let's see if it has staying power. I still don't think things would have been so bad or gone on so long if it hadn't been for Bush's mismanagement. This doesn't undo any of that.
However a poll from that same story :
1. Is the job market drought over?
Yes 27%
No 37%
Too early to tell 36%
total responses to this question: 21399
Related:
U.S. job growth soars
In-depth: Your job 2004
Get more Quick Vote results
Originally posted by jimmac
That's good news and I hope it continues. I don't want bad economic news. We all depend on this country's economy so I'd be nuts to do so. However let's see if it has staying power. I still don't think things would have been so bad or gone on so long if it hadn't been for Bush's mismanagement.
...
So what did Bush "mismanage"? He cut taxes but that's good for the economy. You could blame an ill mood on wall street on the iraq war. Deficit is up but that has nothing to do with the situation now. What did he do or not do to cause the recovery to lag?
Originally posted by Scott
So what did Bush "mismanage"? He cut taxes but that's good for the economy. You could blame an ill mood on wall street on the iraq war. Deficit is up but that has nothing to do with the situation now. What did he do or not do to cause the recovery to lag?
Well you mentioned one the war in Iraq ( totally unnecessary ). Bush likes to throw ( our ) money at problems. At the same time he offers tax cuts. Like before everything is floating on credit. This affects the value of the dollar. Which by the way affects the economy.
Originally posted by jimmac
Well you mentioned one the war in Iraq ( totally unnecessary ). Bush likes to throw ( our ) money at problems. At the same time he offers tax cuts. Like before everything is floating on credit. This affects the value of the dollar. Which by the way affects the economy.
A weak dollar is not necessarily bad for the economy. War can also help the economy....not that we should for that reason.
But, I'm glad you want the growth to continue.
Originally posted by SDW2001
A weak dollar is not necessarily bad for the economy. War can also help the economy....not that we should for that reason.
But, I'm glad you want the growth to continue.
" War can also help the economy "
Except it didn't this time and most experts on the subject think this is an out moded way of thinking as we have a global economy etc. now.
I've always been for the economy righting itself.
" A weak dollar is not necessarily bad for the economy "
Say again?
The last time the US had a weak dollar in the late 80's and early 90's, international companies invested in domestic manufacturing and even "outsourced" labor and corporate jobs to the US and Canada. Car companies especially took advantage of the weak dollar by opening lots of factories for building "foreign" cars using our skilled domestic workforce. Obviously, the US wouldn't be able to compete on low-end services and pricing in places like South- and Southeast Asia, but for higher-end labor like what gets done in Japan and Europe, a weak US dollar can make domestic services a good bargain for them.
Haven't read the whole thread, just reacting to the last comment.
Still within the statistical noise, just like the very close Bush-leaning numbers we've seen recently, but ever so slightly heartening nonetheless.