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

To: Kenneth E. Phillipps who wrote (595926)	7/27/2004 1:29:29 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 769670

Remember, in Dumbya's upside down world -- debt is prosperity, war is peace, more violence in Iraq means we are winning, to be scared is to be safe and so on.

To: Kenneth E. Phillipps who wrote (595926)	7/27/2004 2:00:46 PM
From: Thomas A Watson	Read Replies (2) \| Respond to of 769670

Yes Consumer Confidence Hits Two-Year High. PRESIDENT GEORGE W. BUSH understands economics. apnews.myway.com Jul 27, 11:22 AM (ET) By SETH SUTEL (AP) Sales of existing homes rose 2.1 percent to a new record in June as rising mortgage rates prompted... NEW YORK (AP) - Consumer confidence rose for the fourth straight month in July thanks to steady improvements in the job market, the Conference Board reported Tuesday, putting the indicator at a two-year high. The New York-based research group reported that its index for consumer confidence rose to 106.1 in July, up from 102.8 in June and well ahead of the figure of 102.0 that investors had been expecting. It was the highest level for the indicator since June 2002. Lynn Franco, director of the Conference Board's Consumer Research Center, said the gains were fueled by a better outlook for jobs, "and unless the job market sours, consumer confidence should continue to post solid numbers." A measure of consumer expectations for future economic conditions rose sharply in June, while another one gauging their sense of current conditions edged higher. The group's "expectations index" jumped to 105.8 from 100.8 last month, while the "present situation" index was up to 106.5 from 105.9. "Everything you see here is corroborating what we've seen in other indicators - that the labor market is improving," said Josh Feinman, chief economist at Deutsche Asset Management. ....... apnews.myway.com

To: Kenneth E. Phillipps who wrote (595926)	7/27/2004 2:07:14 PM
From: Srexley	Read Replies (1) \| Respond to of 769670

"I guess that's why we have had the largest increase in the national debt" It is because we are at war, and Clinton left us with a recession and stock market crash.

To: Kenneth E. Phillipps who wrote (595926)	7/28/2004 10:58:04 AM
From: DizzyG	Read Replies (3) \| Respond to of 769670

Speaking of the deficit, Kenneth... Report Expected to Show Deficit of $420 Bln Jul 27, 1:11 PM (ET) WASHINGTON (Reuters) - A mid-year White House report will tout fiscal progress with a projected U.S. budget deficit for this year of around $420 billion -- nearly $100 billion less than the forecast offered five months ago, congressional sources said on Tuesday. A congressional aide who declined to be identified told Reuters that the $420 billion figure is "what people are talking about" on Capitol Hill. The budget projection will be part of a mid-session budget report that the White House will be putting out, possibly as early as this week. Originally due on July 15, the document was delayed after officials in the Office of Management and Budget sought extra time to update their figures in light of improving economic conditions that have fueled higher tax revenues. Bush has been criticized by Democrats for plunging the nation into record deficits after he inherited a surplus. The president's fiscal 2005 budget blueprint in February forecast a record $521 billion shortfall. (Reporting by Anna Willard and Caren Bohan) news.myway.com\|top\|07-27-2004::13:25\|reuters.html I guess Bush does understands economics, eh? Diz-