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

To: Kenneth E. Phillipps who wrote (476090)	10/15/2003 10:45:17 AM
From: PROLIFE	Read Replies (2) \| Respond to of 769667

UH OH ... TAX REVENUES ARE UP. A few weeks ago you were hearing a lot of wailing and gnashing of teeth from Democrats and some Republicans in Washington about the size of the projected budget deficit. Democrats almost exclusively blamed this deficit on the Bush tax cuts and stood in line to say that these tax cuts should be turned around. Funny ... you haven't heard a lot about this budget deficit lately, have you? Do you know why? It's because the projected budget deficit is actually shrinking, not growing. When the budget deficit grows that's bad news for the President and, therefore, good enough news to put on the TV newscasts and the front pages of the major newspapers. But, when that projected deficit shrinks it's actually good news for the President, and good news is news that's not fit to print or broadcast for many "journalists" out there. Now ... just why have the projected deficits been shrinking? No, it's not because government is scaling back its spending. It's because the Imperial Federal Government is experiencing a sharp increase in tax revenues. That's right, an increase! It's no small increase in federal tax revenues either. Try this figure ---- $85 Billion. That's with a "B." The current estimate of tax revenues to the federal government is $85,000,000,000 higher right now than it was one month ago. The left and the Democrats have been warning that the Bush tax cuts would lead to lower tax revenues, the fiscal conservatives have been saying just the opposite. Well ... guess who wins this one. Hint: It's not the left. Once again .. just as with both the Kennedy and Reagan tax cuts, we're seeing an increase in government revenues. Don't you Democrats just hate it? boortz

To: Kenneth E. Phillipps who wrote (476090)	10/15/2003 10:47:08 AM
From: JakeStraw	Read Replies (1) \| Respond to of 769667

"upward revisions to sales data in July and August could push economists' forecasts for third-quarter GDP growth higher."

To: Kenneth E. Phillipps who wrote (476090)	10/15/2003 10:56:01 AM
From: Thomas A Watson	Respond to of 769667

Desperation strikes deep. Into you life it will .... hell kenny you are drowning in it. LOL....

To: Kenneth E. Phillipps who wrote (476090)	10/15/2003 5:13:32 PM
From: Hope Praytochange	Read Replies (1) \| Respond to of 769667

Palmisano added that IBM expects to add 10,000 new jobs next year. IBM Meets Forecast, Optimistic on Outlook By THE ASSOCIATED PRESS Filed at 4:51 p.m. ET NEW YORK (AP) -- Bountiful services contracts helped third-quarter profits at IBM Corp. match analysts' expectations Wednesday, and the technology bellwether offered an unusual dose of optimism about the industry's prospects for a turnaround. In the three-month period that ended Sept. 30, IBM had net earnings of $1.79 billion, or $1.02 per share, a 37 percent gain from the comparable period in 2002, when Big Blue showed profits of $1.31 billion, or 76 cents per share. Revenue jumped about 9 percent to $21.52 billion in the third quarter, from $19.82 billion a year ago. The comparison figure excludes discontinued operations such as the disk-drive business IBM sold to Hitachi Ltd. The consensus of analysts surveyed by Thomson First Call was for earnings of $1.02 per share. IBM fell short of Wall Street's revenue forecast of $21.9 billion. IBM executives had been guarded about the future in previous earnings reports this year, but chairman and chief executive Sam Palmisano said in a statement Wednesday that ``we are beginning to see signs that the economy has stabilized.'' ``As we look to 2004, more customers are expected to increase their investments in information technology,'' he said. ``Although it is too early to say that a rebound is at hand, we are confident that we will benefit from both a pick up in (information-technology) spending and an economic recovery.'' Palmisano added that IBM expects to add 10,000 new jobs next year. IBM shares fell 16 cents to close at $92.74 on the New York Stock Exchange before the earnings report, and fell $2.36 to $92.74 in extended trading. IBM's report came a day after chip-making giant Intel Corp. also offered indications that corporate technology spending might be reviving. With tech budgets still tight in the third quarter, IBM's services division stood out as a bright spot, with revenue jumping 17 percent -- 11 percent without currency fluctuations -- to $10.4 billion, nearly half the company's total. IBM bolstered its services business with last year's $4 billion acquisition of the consulting arm of PricewaterhouseCoopers. IBM also said it signed more than $15 billion in services contracts in the quarter. Perhaps the biggest blight on IBM's results has been its semiconductor operation, which makes chips for IBM servers and mainframes and for other companies but has had to cut jobs and pay at several chip factories in recent months. In the first half of 2003, IBM's chip-making technology group lost $122 million amid a 24 percent drop in revenue. This earnings report revealed continued trouble. IBM's technology group showed a pre-tax loss of $96 million and a 30 percent drop in revenue. Overall, IBM earned $4.9 billion, $2.77 per share, on revenue of $63.2 billion in the first nine months of 2003. Those figures all improved from the first three quarters of 2002, when IBM earned $2.6 billion, $1.47 per share, on revenue of $57.5 billion. ------ On the Net: ibm.com