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

To: Tenchusatsu who wrote (263612)	12/7/2005 4:11:57 PM
From: tejek	Read Replies (1) \| Respond to of 1573834

Ted, Down? From where? You do understand that the economy is not producing enough jobs to reduce unemployment and that any 'downness' you see is due to discouraged people leaving the work force? I really hope you see that because then you will realize just how facile this recovery has been. This is straight from memory, but I remember unemployment is down to like 5.0% and the GDP was growing at an annualized rate of over 4.0%. Pretty good numbers no matter how you slice them. Add in the fact that state treasuries, including that of California, are seeing higher-than-expected revenues, and it seems like the recovery really is well underway. During the recession, the high in unemployment was in 5.6% in 2001 or 2002. Three years later and its down to 5% and you see that as significant? Where are the jobs? The GDP grew 4% in one quarter..........I believe thats the high for any quarter since Bush took over. And still I ask where are the jobs? How can the economy being doing so well and still not create jobs? Is this the best the rich can do from all savings created by Bush's tax cuts? On the negative side, you have the trading deficits worsening, a weak dollar, huge budget deficit growing by leaps and bounds and a costly war. Things are not good and the respected Anderson School at UCLA tends to agree. An excerpt from their Sept. report: "Dr. Thornberg says that, “The forecast for California is mediocre at best, at worst we are liable to dip into another recession.” He admits that the research group has not been able to time the end of the real estate bubble. His current forecast is for a “soft landing,” one in which the economy sees weak growth for the next two years, but no recession." anderson.ucla.edu The only problem is a general sense of pessimism across the entire nation. Iraq sure doesn't help. Gas already fell significantly from its summer highs, yet no one is really cheering the trend. The only ones really happy these days are those who already cashed out on the real estate boom. There is a general unease in the country.....I will agree with you. People finally get that things are going the wrong way.