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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Zoltan! who wrote (189117)10/4/2001 2:15:30 PM
From: Bill  Read Replies (2) | Respond to of 769667
 
What really hurt us in Texas is that a Democratic judge made the ruling," said a Democrat

Hahahahahaha!



To: Zoltan! who wrote (189117)10/4/2001 2:30:23 PM
From: goldworldnet  Respond to of 769667
 
Texas Democrats Suffer Setback

Thanks for the update.

Best from Texas,
josh

* * *



To: Zoltan! who wrote (189117)10/4/2001 2:35:19 PM
From: Mr. Whist  Read Replies (5) | Respond to of 769667
 
In view of the GOP wielding control of the redistricting pencils in the majority of states, I would agree with you: The Democrats' hope of recapturing the House in '02 is likely a longshot.

However, a major, major problem for the Republican Party is the fact that thousands of American workers are being laid off every week, and I look for the trend to continue for some time as morally corrupt businesses sacrifice jobs by the thousands so that CEOs and their golfing buddy VPs can continue to collect obscene 7-figure bonuses for "bringing in the bottom line."

In addition, consumer confidence is at rock bottom. Smart Democrats will campaign on the economy in '02 and more than a few will upset incumbent Republicans both in the House and in the Senate.

From today's Wall Street Journal:

Jobless Claims Hit Nine-Year High,
Boosted by Mass Layoffs at Airlines

A WALL STREET JOURNAL ONLINE News Roundup

WASHINGTON -- Initial jobless claims surged to a nine-year high last week, boosted by layoffs in the travel and airline industries.

The number of workers filing first-time applications for unemployment benefits jumped by 71,000 claims in the week ended Saturday to 528,000, the highest level since July 1992, the Labor Department said. Last week's increase was also the biggest in that same amount of time.

The gain reported Thursday was nearly triple the increase of 25,000 claims that economists had expected, according to a survey by Thomson Global Markets.

The four-week moving average of claims, which smooths week-to-week fluctuations, rose to 453,500 last week, the highest level since Dec. 28, 1991.

The Labor Department attributed the sharp rise to "secondary effects" of the Sept. 11 terrorist attacks, including the mass layoffs at the nation's airlines.

Since the attacks, more than 100,000 layoffs have been announced, consumer confidence has plunged and billions of dollars worth of business has been lost.

With new uncertainies raised by the attacks and many economists saying a recession this year is unavoidable, businesses will be reluctant to hire new workers in the months ahead, analysts say.

The unemployment rate shot up to 4.9% in August from 4.5%, the biggest one-month jump in more than six years as businesses eliminated 113,000 jobs.