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

To: Jerrel Peters who wrote (501579)	12/1/2003 6:27:32 PM
From: geode00	Read Replies (2) \| Respond to of 769667

What are you reading? I see news that has room for plenty of headlines. Actually, the news could have many more headlines as most of the services report the same things from slightly different camera angles. Big media is very disappointing. Good economic news is great. A good economy means a more socially liberal mindset and less crime. The market will also climb a wall of worry if this is indeed a secular bull and not a cyclical one. "...a string of comments by Federal Reserve policymakers, all assuring the markets that the Federal Open Market Committee is in no hurry to raise interest rates, Shenfeld said... "Not only is the current number of unemployed workers high, but the rest of the work force is underemployed, on average," he said. Any improvement in the average workweek or in the employment participation rate should be taken as a major step forward, even if the headline numbers don't improve. To illustrate just how much slack there is, aggregate hours worked in the economy are down 0.9 percent year-over-year and have been falling year-over-year for 30 straight months. Although the economy has grown 12.5 percent in real terms since the first quarter of 1999, the number of hours worked hasn't grown at all...." cbs.marketwatch.com We've lost so many jobs under the Shrubbery that it will take a good long while to get them back PLUS make enough for new workforce entrants. The Fed is still holding rates low which means they don't see a strong recovery yet unless they've given up worrying about inflation which I find impossible to believe.