SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: JDN who wrote (752573)10/26/2006 7:21:00 PM
From: DuckTapeSunroof  Respond to of 769670
 
Re: "Reason #1. The economy is kicking butt. It is robust, vibrant, strong and growing. In the 36 months since the Bush tax cuts ended the recession that began under President Clinton,"

(Small point: Recession *officially* began AFTER Bush took office. NOT before.)

Re: "the economy has experienced astonishing growth."

(You must have a low threshold for astonishment! :-)

"Over the first half of this year, our economy grew at a strong 4.1 percent annual rate,"

No... that was the FIRST Q. number. Second Q. decelerated quite a bit and the THIRD QUARTER NUMBER will be released by the government TOMORROW. Projection is for 2% or lower....

Re: "faster than any other major industrialized nation."

Not serious, are you?

Re: "Reason #2. Unemployment is almost nil for a major economy, and is verging on full employment...."

LOL!

Percentage of the population that is employed has fairly steadily FALLEN over the past 6 years... and is now at multi-decade lows.

(Only reason the *official* government unemployment stats don't reflect this fact is because they don't count 'discouraged' in the stats. THAT helps the stats look better some 50% or so right there....)

Averaged over the past 6 years ALL of the net growth in employment in the US came from JUST TWO SECTORS: 1) government jobs and 2) Real Estate.

(Not a lot of increased employment to be expected out of either of THOSE sectors any more for a while!)

Re: "Reason #3. The Dow is hitting record highs."

Not in REAL numbers it ain't... only in NOMINAL not-adjusted-for-inflation numbers. Still got some 2000 points or so to go to reach the previous high posted in yr. 2000, when you correct for inflation.

Re: "Reason #4. Wages have risen dramatically."

Very RECENT and modest uptick (had to happen sooner or later after going so long with sub-par growth. Bit of reversion to mean I hope) --- but still largely stagnant over the trailing 6 years (HUGELY unlike the 6 years previous....)

Re: "Reason #5. Gas prices have plunged. ...lowest level in more than 10 months."

TEN MONTHS???????

Ya gotta be KIDDING! (Still way up year-over-year!)

(The rest of this is just getting TOO TEDIOUS. Talk about cherry-picking! :-)



To: JDN who wrote (752573)10/27/2006 2:29:35 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 769670
 
Like I predicted yesterday, JDN: official growth numbers came in *below* 2%:

U.S. Economy: Growth Slows to 1.6% Rate as Homebuilding Slumps

By Joe Richter

Oct. 27 (Bloomberg) -- The U.S. economy grew at a 1.6 percent annual rate last quarter, the slowest pace in more than three years and less than economists forecast, as housing slumped and the trade deficit widened.

The first estimate of the quarter's gross domestic product, the value of all goods and services produced in the U.S., compares with a 2.6 percent gain from April through June, the Commerce Department reported today in Washington. A gauge of inflation watched by the Federal Reserve eased.

Stocks declined and bonds advanced after the report, which showed homebuilding fell by the most in 15 years and the trade gap worsened as consumers bought more foreign-made goods. A drop in energy prices that gathered momentum late in the quarter is sustaining spending and restraining inflation, helping persuade Fed Chairman Ben S. Bernanke to leave interest rates alone....

bloomberg.com



To: JDN who wrote (752573)10/27/2006 4:56:06 PM
From: Don Earl  Read Replies (1) | Respond to of 769670
 
Here are 10 good reasons why you should vote Republican come election day. You won't hear about them on
ABCCBSNBC News.

>>>Reason #1. The economy is kicking butt. It is robust, vibrant, strong and growing. In the 36 months since the Bush tax cuts
ended the recession that began under President Clinton, the economy has experienced astonishing growth. Over the first half
of this year, our economy grew at a strong 4.1 percent annual rate, faster than any other major industrialized nation. This
strong economic activity has generated historic revenue growth that has shrunk the deficit. A continued commitment to
spending restraint has also contributed to deficit reduction.>>>

But we didn't have deficit spending before Bush.

<<<Reason #2. Unemployment is almost nil for a major economy, and is verging on full employment. Recently, jobless claims
fell to the lowest level in 10 weeks. Employment increased in 48 states over the past 12 months ending in August. Our
economy has now added jobs for 37 straight months.>>>

Unemployment claims were running 285,000 a week before Bush. I haven't seen that matched since.

<<<Reason #3. The Dow is hitting record highs. In the past few days, the Dow climbed above 12,000 for the first time in the
history of the stock market, thus increasing the value of countless pension and 401(k) that funds many Americans rely on for
their retirement years.>>>

If you had invested in the Dow when Bush was appointed President, you would be up 8% in 5 years for an average ROI of around 1.5% per year. Adjusted for inflation, your money would be worth over 20% less now, than it was then. Of course if you had invested in the NASDAQ or S&P 500, you'd still be trying to break even, before adjusting for inflation.

<<< Reason #4. Wages have risen dramatically. According to the Washington Post, demand for labor helped drive workers'
average hourly wages, not including those of most managers, up to $16.84 last month -- a 4 percent increase from
September 2005, the fastest wage growth in more than five years. Nominal wage growth has been 4.1 percent so far this
year. This is better or comparable to its 1990s peaks. Over the first half of 2006, employee compensation per hour grew at a
6.3 percent annual rate adjusted for inflation. Real after-tax income has risen a whopping 15 percent since January 2001.
Real after-tax income per person has risen by 9 percent since January 2001.>>>

The big difference between now and the 90s is that wage increases in the 90s was not an isolated event. Of course the "averages" don't look quite so good once you back out the option packages for oil execs.

<<<Reason #5. Gas prices have plunged. According to the Associated Press, the price of gasoline has fallen to its lowest level in
more than 10 months. The federal Energy Information Administration said Monday that U.S. motorists paid $2.21 a gallon
on average for regular grade last week, a decrease of 1.8 cents from the previous week. Pump prices are now 40 cents lower
than a year ago and have plummeted by more than 80 cents a gallon since the start of August. The previous 2006 low for
gasoline was set in the first week of January, when pump prices averaged $2.238. In the week ending Dec. 5, 2005, prices
averaged $2.19. Today, gasoline can be found for less than $2 a gallon in many parts of the country.>>>

In 2000 I was paying a buck ten for regular. The last time I looked, it was $2.60. That's a 236% increase. Funny thing is I can remember a time not so long ago when OPEC wanted to tighten supply to keep it around $25 a barrel. Now OPEC jumps on cuts when it drops below $60.

<<< How To Defeat A Violent Attacker Twice Your Size
Can Pheromones Fix Your Relationship?
New Stock Market Report - Limited Time Offer!
POWs' Lawsuit Could Force Kerry to Come Clean >>>

Pheromones probably won't help if you're ugly and stupid. Bathing on a regular basis would probably help as much as anything.

<<< Reason #6. Since 9/11, no terrorist attacks have occurred on U.S. soil. Since 9/11 the U.S. has not been attacked by
terrorists thanks to such programs as the administration's monitoring of communications between al-Qaida operatives
overseas and their agents in the U.S. and the monitoring of the international movement of terrorist funds -- both measure
bitterly opposed by Democrats.>>>

And who was protecting the country on 9/11? Oh yeah, it was the same guys who published a white paper the year before, stating they needed a new Pearl Harbor to advance their political agenda. On the bright side, defense spending is back to peak cold war levels, Iraq is no longer selling oil for $15 a barrel, and the anti narcotic Taliban has been replaced by local drug cartels pumping 1.2 million pounds of heroin a year, for a 92% share of the global heroin market.

<<< Reason #7. Productivity is surging and has grown by a strong 2.5 percent over the past four quarters, well ahead of the
average productivity growth in the last 30 years. Strong productivity growth helps lead to the growth of the Gross Domestic
Product, higher real wages, and stronger corporate profits.>>>

Actually, productivity is a measure of how much labor an employer can get out of an employee without raising wages or hiring more help. A steady flow of illegal aliens across the boarder is a big help in that area.

<<< Reason #8. The Prescription Drug Program is working. Despite dire predictions that most seniors would refrain from signing
up to the new Medicare prescription benefits program, fully 75 percent of all those on Medicare have enrolled, and the
overwhelming majority say they are happy with the program.>>>

The overwhelming majority of drug companies you mean?

<<< Reason #9. Bush has kept his promise of naming conservative judges. He has named two conservative justices to the
Supreme Court, Chief Justice John G. Roberts and Justice Samuel Alito. In addition, he has named conservative justices
who are devoted to the Constitution as it is written and not as activist liberal judges think it means. The strong likelihood that
one or more justices will retire from the Supreme Court makes it mandatory for the Republicans to hold the Senate and have
a chance to name new conservative justices.>>>

Yes, some of the decisions have been quite interesting. My personal favorite is the one where private developers may now cut deals with a city council to grab your prime real estate for private development projects.

<<< Reason #10. The deficit has been cut in half three years ahead of the president's 2009 goal, with the 2006 fiscal year budget
deficit down to $248 billion. The tax cuts have stimulated the economy and are working.>>>

Yep, Bush burned through the surplus in record time and hasn't produced a balanced budget since. Who do you think has to pick up the tab on deficit spending?

<<< In contrast to this stunning record of real achievement, the Democrats offer no real plans for the way they want to improve
America or make us safer.>>>

There is that. It would make a great argument for a viable third party.

<<< Instead, issues like the Mark Foley scandal have been used to smokescreen their own lack of ideas in a public debate.>>>

Yep. Kinda like Monica, except with little boys, instead of chubby women past the age of consent.

<<< The choice voters will make is whether they want higher taxes and less security by surrendering the tools used to combat
terrorism or lower taxes and the continued use of tools like the Patriot Act, terrorist surveillance, terrorist interrogations and
missile defense. >>>

Indeed. It's just ever so much easier to beat a confession out of your favorite patsy once the Constitution is abolished. Like Humphrey Bogart said, "Round up the usual suspects.".

<<< The leader of House Democrats and the woman who would be speaker of the House, Rep. Nancy Pelosi, D-Calif., said
after 9/11 that she "doesn't really consider ourselves at war ... we're in a struggle against terrorism.">>>

Hmm... instead of creating anarchy and breeding hot beds of terrorism in once stable countries, use the kind of police methods the British used to thwart the plot to blow up airplanes a few months ago. I just don't know. It's just too radical a concept to give serious consideration.

<<< By opposing the Patriot Act, terrorist surveillance missile defense and even interrogating the most dangerous terrorists
captured on the battlefield, Democrats are in direct opposition to the vital tools we use to fight terrorism.>>>

Yep, heaven forbid we go back to things like the public trials used to put away Tim McVeigh and the blind shiek.

<<<Democratic leaders have made it clear that they see investigations and impeachment as viable options should they take
control of Congress. They are therefore promising to tie the hands of the president and his administration in the middle of a
war. >>>

How terrible!!! Oversight and accountability are the last things we want to see at the highest levels of our government.