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Politics : HOWARD DEAN -THE NEXT PRESIDENT? -- Ignore unavailable to you. Want to Upgrade?


To: Mephisto who wrote (331)11/2/2003 6:09:00 AM
From: Lizzie Tudor  Read Replies (1) | Respond to of 3079
 
when you look into the GDP figure it was in large part government spending so this is probably the economic climate we will have for the election. OK stock market, horrible (worst in decades) jobs, especially white collar, and declining currency which is a double edge sword but probably ok, and giant deficits and broke states. Californias UI system is broke now. So Dean and Gephardt are both on the mark in this climate. Not really Lieberman imho, hes too pro-war.



To: Mephisto who wrote (331)11/2/2003 3:42:28 PM
From: Mephisto  Respond to of 3079
 
In fact, one in four workers currently
earns poverty-level wages for a family of four.


pbs.org

Source: MOYERS: Welcome to NOW. We return tonight to one of the most important beats on this program: what's happening to the American workplace.
See:
Message 19458011



To: Mephisto who wrote (331)11/2/2003 4:16:46 PM
From: Mephisto  Respond to of 3079
 
"The 7.2 percent growth rate is not sustainable. Nearly every forecaster
concedes that. A month into the fourth quarter, the growth rate has
probably fallen back to 4 percent or so. That is still robust, but not
enough to dispel the sadness that will set in as we climb down from euphoria.

Part of the sadness lies in the obstacles to re-employment.

The corporate sector remains plagued with overcapacity and may require many months
of 4 percent growth just to make full use of those currently working.
Job creation has to move above 200,000 a month, most economists say, before
we can begin to shrink the pool of nearly nine million unemployed.
We haven't gotten to six-digit job creation yet, much less sustained it. No
wonder the unemployed spend 19.7 months, on average, seeking work,
the longest stretch in nearly 20 years.

"The breadth of the unemployment is almost unprecedented,'' said
Mark Zandi, chief economist at Economy.com. "

Article: Beneath the Smiles, a Churning Anxiety
By LOUIS UCHITELLE
Source: The New York Times
Date: November 2, 2003
Reference: nytimes.com
Full story: Message 19458059