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

To: Lazarus_Long who wrote (498779)	11/26/2003 12:48:14 AM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 769667

I noticed the market is up, but it is an average trajectory, a typical recessionary bouce, nothing more. This aint no 8% GDP stock market Laz. And it aint no 8% GDP employment market, or retail christmas season. Not that I would ever accuse this administration of spin mind you... I think they aren't perceptive enough to pull it off. Nah its just stupidity and cluelessness on the part of chau and snow. As for your argument regarding the BLS statistics, it is actually YOU who are misinterpreting them. Your assertion is that those figures, which are positive numbers are a rate of change from one period to another, in other words every quarter is an improving period in terms of dollars. Untrue- the figures moving from 4.2 -> 2.x represent a REDUCTION in real earnings. I chose those figures because they were discussed on capital report, so they are meaningful. Since I know the RWEs used to pull out obscure farming related payroll statistics to try to explain away the non farm payrolls, I don't pay much mind to other statistics, I am certainly sure there are some out there that make Bush look like an economic wizard. Maybe those are the ones the treasury dept used to come up with the 8% GDP party we are experiencing!