Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (2623)	12/12/2003 9:30:42 PM
From: Lazarus_Long	Respond to of 90947

I DO NOT always get caught! You'd be stunned by what you've never heard of! - Neil

To: American Spirit who wrote (2623)	12/12/2003 11:41:03 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 90947

Coup D'etat Anniversary Celebration: Message 19591701

To: American Spirit who wrote (2623)	12/13/2003 12:52:23 AM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 90947

Looks like the UCLA Anderson economics team finally figured out the GDP is broken and is counting all American companies product output as if it is produced in the USA. The question is, does the Bush white house keep spewing the erroneous numbers in an attempt to trick people into thinking we really have 8% GDP, or do they fess up and admit the figures are bad. 3% GDP in 04 sounds about right, which isn't terrible, but when you have 8-9 million unemployed + underemployed, it aint great either. These economists are looking for one million jobs created in 04, not even 100K/month. UCLA Forecast: Growth About 3 Pct in '04 Edward Leamer, the director of the UCLA Anderson Forecast and one of the first economists to flag the most recent recession, said the sustained surge in U.S. growth next year that some Wall Street analysts expect will not emerge. Instead, the economy will grow at a rate of 2.5 percent to 3 percent in 2004, rather than the 4.5 percent to 5 percent pace typical of normal rebounds from recession, Leamer said. "We should get about a 1 million new jobs over the next year. But the unemployment rate sticks around the 6 percent level," Leamer said, adding that will give the Federal Reserve reason to keep interest rates down. That slower growth, the result in part of the pressure on household balance sheets and local government budgets, will not do much to lower the unemployment rate, he added. Higher productivity made the third quarter "feel like a Twilight Zone episode" as a blistering 8.2 percent rise in the economy was paired with a weak job market, Leamer said. "The data are so unusual with all that economic growth and no employment," Leamer said. "It's some kind of mysterious force out there delivering products to our door." For instance, there is reason to expect a pullback in spending by consumers as well as state and local governments will emerge as drags on the economy, Leamer said. story.news.yahoo.com

To: American Spirit who wrote (2623)	12/13/2003 1:54:54 AM
From: Selectric II	Respond to of 90947

Amspit, will you ever stop making a fool of your blowhard self? "...In 1992, Brown & Root was awarded the U.S. Army's first Logistics Civil Augmentation Program contract, an omnibus contract that allows the Army to call on KBR for support in all of its field operations, including combat, peacekeeping and humanitarian assistance. LOGCAP is a "cost plus award fee" contract, meaning that KBR is paid a fee above the cost of the service ranging from two percent to five percent, depending on performance. When the Army needs a service performed, it issues a "task order," a sort of minicontract that outlines the tasks the contractor needs to perform. When the United States joined NATO forces in the Balkans in 1995, KBR was deployed to the Balkans. KBR lost a second five-year LOGCAP contract—awarded to DynCorp in 1997— after the General Accounting Office reported in February 1997 that KBR had overrun its estimated costs in the Balkans by 32 percent (some of which was attributed to an increase in the Army's demands). Despite these findings, KBR was awarded a new contract for Balkan logistical support that ran through May 1999..." 1. Clinton had an 8-year history of awarding these contracts to Halliburton (as did his predecessors, including LBJ in the Vietnam era). 2. No-bid isn't a license to steal, because it's cost plus 2-5%, you blowhard. You're way off the mark, as always, Top Secret Service Agent 051. LOL!