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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (247610)	8/26/2005 2:43:10 PM
From: tejek	Read Replies (1) \| Respond to of 1572877

Summer of Our Discontent The administration and some political commentators seem genuinely puzzled by polls showing that Americans are unhappy about the economy. After all, they point out, numbers like the growth rate of G.D.P. look pretty good. So why aren't people cheering? Some blame the negative halo effect of the Iraq debacle. Others complain that the news media aren't properly reporting good economic news. But when your numbers tell you that people should be feeling good, but they aren't, that means you're looking at the wrong numbers. American families don't care about G.D.P. They care about whether jobs are available, how much those jobs pay and how that pay compares with the cost of living. And recent G.D.P. growth has failed to produce exceptional gains in employment, while wages for most workers haven't kept up with inflation. No one look any further than the discussion I had with Ten earlier this week for an explanation. In the 1990s, the OC was producing nearly 50K jobs per year. In the past two years, the OC has produced half that number. Seattle was a major job producer all through the 1980s and 1990s.........we have done squat since 2000. Its the same from most metro areas in the country. Economic performance is terrible on several fronts but esp. on the job front. Who's doing the best in this jobless recovery? The corporations Who is Bush's base? The corporations. ted