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

To: tonto who wrote (530534)	1/27/2004 12:30:55 PM
From: Lizzie Tudor	Read Replies (4) \| Respond to of 769667

fine small industry might be growing, I agree it is... even in software, because these are companies I invest in. But we cannot lose approx 50K jobs from IBM alone in a 2 year period, multiplied by every other large multinational, and expect to maintain this economy. HP is also liquidating their US workforce. This trend has not peaked either. And there is no excuse for not addressing openly the distortion in both the GDP and productivity figures due to the offshoring phenomenon. We have heard nothing from the white house on this. In fact, last year when these screwed up GDP numbers first started up, 7% GDP in september I believe, these figures caused retailers to overstock for what they thought was going to be the mother of all xmas seasons in 03. Of course the Xmas retail season was a bust, and these same retailers were left with excess inventory. When the 1K jobs added for December showed up, I realized that this subpar economic team that Bush has hired straight out of the 70s railroad industry, probably doesn't understand what is really going on. And that is frightening. Now with the new study showing growth only in low wage service jobs while high wage professional jobs decline in 48 of the 50 states (WSJ a few days ago), those turkeys have to do some thinking for a change. No matter really though, just add this to the gargantuan list of Bush screwups and it spells a defeat imho.