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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: kumar who wrote (45175)	12/10/2003 9:35:11 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

A recession that started in 2000- Until now, statisticians at Commerce's Bureau of Economic Analysis believed the economy did not start shrinking until early 2001. But extensive revisions dating back to 1929, incorporating both improved statistics and changes to definitions, revealed a contraction in gross domestic product, or GDP, in the July-to-September quarter of 2000. Instead of inching ahead at the first reported 0.6 percent annual rate in that quarter, GDP shrank 0.5 percent, Commerce said. The weaker estimate is mostly due to a larger drop in private inventories than previously reported. President Bush and his economic team have long insisted he inherited a recession from the former Clinton administration, and the White House may seize on these new numbers to back that claim. The economy bounced back smartly in the fourth quarter but the revisions show the economy weakened just before hitting the top of the business cycle late in 2000. "The cyclical peak is still the fourth quarter of 2000, but this does indicate that there was perhaps more slowing before the downturn than the estimates had previously shown," said Brent Moulton, who is in charge of compiling the GDP report for the Bureau of Economic Analysis.

To: kumar who wrote (45175)	12/12/2003 6:15:12 PM
From: IQBAL LATIF	Read Replies (3) \| Respond to of 50167

A journalist from Indian Hyderabad, Divi Kumar, said a family who helped him with his luggage started to cry at the platform. “I asked them what was wrong and they said they were just happy at seeing us,” he said. Ratna Shah, who was busy taking pictures of her friends enjoying the dhamaal, simply said, “its fantastic to be here”. This was how Indians were welcomed in Karachi today under Clinton we were about to go to a nuclear war and that was liberal great grand coalition... Stick and carrot works the fling under the tables and Presidential sperms on blue dress don't and this will hurt my liberal friends the most... Honesty integrity and purposefulness is what makes a great President and that is what this President is about. Those who spit on sun dirty their own face this is a old proverb in our part of the world, see it and observe it from economy to global peace we are seeing rejuvenation and that is the credit that is administration should deserve.