Don't Blame Me, I Voted For Kerry Message Board

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Politics : Don't Blame Me, I Voted For Kerry

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To: Bearcatbob who wrote (4434)	2/27/2004 10:19:28 PM
From: Lizzie Tudor	Read Replies (2) of 81568

Look, the point is that we have had anemic capital expenditures throughout this entire "recovery" (1-2% according to Chambers and recently Fiorina) and no job growth. All these predictors of strong economic growth have been roaring for months and nothing seems to be happening. The nazdaq for 04 is essentially flat. 03 was good, but I firmly believe that much of the runup occurred because investors believed these figures the white house spits out about "good times coming". Now, nobody believes it anymore and we are getting headlines like this: GDP jumps, raising hopes for recovery tucsoncitizen.com In other words even the press isn't buying the white house spin anymore... until we get solid jobs growth and rising wages this is only a recovery for a few FOBs and CEOs, it is NOT a general economic recovery until we start raising the standard of living again.

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