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To: Lizzie Tudor who wrote (12536)	11/8/2003 5:53:13 PM
From: Lazarus_Long	Read Replies (1) \| Respond to of 17683

CGC identified the issues as well as anyone as to why the jobs market is what it is. OK. Which part of this is George Bush responsible for? During the last few months of every year companies hand out an increasing number of pink slips in an effort to trim costs and meet budget and profit goals. Still, don't expect the job market to recover come January. "With factors like technology, outsourcing and consolidation working against job creation, any job-market rebound we see in the near future will be relatively small," ? how we got to this state wrt economic policy. That's not too tough. The answer starts with "A bubble burst." I know you don't believe there was one. You yourself commented on the fact that everyone was interested in and many more people than average were actually IN the market. That's one of the signs of a bubble, Lizzie. When your taxi driver is handing out stock tips and bragging of his "profits" (which he hasn't brought to earth yet), it's time to pack your 'chute. From it's low following the previous bull market to its bubble high, the NASDAQ index shot up 15 times! That is the largest increase at any time in the history of all te markets I looked at. If that wasn't a bubble, then there is no such thing. And don't try "Well, the Dow was better behaved" or "Housing didn't do that". Bubbles are concentrated in particular markets. In fact they force other markets to constrain their gains because part of the money going into the bubble is coming from other markets. "jobs and growth" Clearly we have the growth. GDP says so. Job gains generally tail GDP gains coming out of a recession. Business folks want assurances they will really need new bodies before hiring them. Once they see steady economic growth for a while, they start hiring. Therefore the tax cuts should be rolled back and any resulting money put to better use to achieve the desired result. And these, I assume, would be all the things you want tax hikes for? Hmmm, GDP says the cut IS achieving the desired results. healthcare costs What's the plan here? Eliminate private health coverage completely? Give none at all? Socialized medicine? What? Finally deal with the trade surplus issue I assume you mean deficit? Is that code for "Canada and Mexico, you accept the changes we demand in NAFTA or we trash it"? and "WTO, you change the trade protocols to ones that favor us or we're gone"? Yes? No?