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


To: Kenneth E. Phillipps who wrote (521039)1/7/2004 7:47:30 PM
From: Oeconomicus  Read Replies (1) | Respond to of 769670
 
After three years in office and two bush tax cuts along with 2 bush budgets, he owns the economy and its record for better or for worse.

Yes. That's a big part of why Mad-Cow-in-a-Spider-Hole-of-Denial Howie doesn't stand a chance.



To: Kenneth E. Phillipps who wrote (521039)1/7/2004 11:44:36 PM
From: PROLIFE  Respond to of 769670
 
Is it true that Kennedy tax cuts were put in place when the gov. was running a deficit and the debt was a larger share of the GDP than even now?

and how about Jefferson , father of the Democratic party...wasn't it his goal to eliminate all taxes? what happened to your party.....oh yeah.....liberals................



To: Kenneth E. Phillipps who wrote (521039)1/8/2004 12:12:07 AM
From: Hope Praytochange  Read Replies (1) | Respond to of 769670
 
what your read of the market ???
=======
The Santa Claus rally has morphed effortlessly into a strong "January effect" and the trend from mid-December remains unbroken. Charging to the forefront was the NASDAQ composite, which closed at 29-month highs (best since August 2001) on the backs of strong gains for the networking and disk drive sectors.
Lending strength to the Dow and the NASDAQ 100 was component Intel, which jumped 3.3% on an upgrade. Bonds rallied as well after comments from US Treasury Secretary John Snow rallied the dollar, if only for the day.

Up volume outpaced down volume and overall
volume remained relatively strong with more than 2 billion shares trading on each exchange. Disk drives and networking stocks saw the heaviest buying today but airline stocks also turned in a good performance. Out performers also included defense issues, biotech stocks and broker-dealers.

Elsewhere in the business world today the financial media was abuzz with conjecture that Andrew Fastow, the former CFO for Enron Corp, and his wife Lea would cop a guilty plea.
Prosecutors are hot after Jeff Skilling and Ken Lay and the rumor mill is suggesting that the Fastow's would plea bargain for lighter sentences in exchange for their testimony.
Tomorrow investors will get to see just how strong the 2003
holiday season was when retailers turn in their December same-store sales figures in the morning. Economists will also be looking for the weekly jobless claim numbers. Last week's figures were lower than expected so current estimates are for a small rise to 345,000. Thursday night will be the official launch of earnings season with Dow component Alcoa (AA) who is estimated to earn 34 cents, up from 16 cents last year.

Meanwhile the real event this week has yet to occur with the December jobs report due out on Friday. Economists are looking for a gain of 148,000 new jobs, up from 57,000 in November.
Unemployment is expected to hold steady at 5.9 percent.

Barring any huge surprises in the Friday jobs report don't be surprised to see the current trends remain intact. Investors are holding on to their positions until earnings season hits full swing next week. That's when we can worry about any "sell the news" reactions.



To: Kenneth E. Phillipps who wrote (521039)1/8/2004 6:17:22 AM
From: JDN  Respond to of 769670
 
Kenney ole boy, we were talking about the Labor Dept and its comments on OT. Do you ever actually READ the posts? Open up your mind and let some FRESH AIR IN. jdn