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

To: Lizzie Tudor who wrote (492508)	11/14/2003 11:12:34 AM
From: jackhach	Respond to of 769669

Liz, You be right -- lets start to talk about the REAL issues facing us and our children. This will go a long way in unseating Lil GB. -JH

To: Lizzie Tudor who wrote (492508)	11/14/2003 11:21:45 AM
From: jackhach	Respond to of 769669

>> Walmart and Target are guiding lower<< ...one of the main reasons for this is that China's currency is costing WAL-FART more and more dough, that is, WAL-MART buys nearly 12% of ALL product coming out of China thats imported into USA. Remember WAL-FART used to pride itself on American made? ...anyway the US dollar is weakening making exports cheaper BUT imports more expensive and Wal_FART (although not officialy announced) yet is starting to feel a slight pinch of sorts. In addition -- they are lobbying the White House for a Christmas season OT exemption <--- can you believe this. Ya, what they want is if they hire someone for a few months -- they can demand that theese folks work OT without extra pay or qualify for full-time health benefits etc... What Patriots! -JH

To: Lizzie Tudor who wrote (492508)	11/14/2003 11:34:04 AM
From: Oeconomicus	Respond to of 769669

which of these 2 things do you think Bush will fix in 04? Unemployment Deficit Depends on how you define "fix". Unemployment is already dropping and will continue to do so over the next several qtrs, IMO. Will it get to 3.9% in 2004? Of course not. 4.9%, maybe. As for the deficit, estimates of the FY2003 deficit - the year that just ended - have already been revised downward in just the last few weeks. Estimates of future deficits (official CBO estimates, that is), as you should know, are highly volatile, probably due to simplistic methodology. My expectation is that the current estimates, which show headline-grabbing numbers over the next 5-10 years, will be revised sharply downward. Should congress and the president do more to reign in spending? Now that the economy seems to be on a real positive track again, yes. There is no excuse for non-military discretionary spending to rise as fast as it has of late, especially if the economy is strong. bob