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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: Jane4IceCream who wrote (163203)	11/6/2009 4:44:20 PM
From: jlallen	2 Recommendations Respond to of 173976

Hope so!

To: Jane4IceCream who wrote (163203)	11/8/2009 6:19:33 PM
From: Nicholas Thompson	1 Recommendation Respond to of 173976

You may be right, The Dems could lose seats in 2010 unless there is a big change. But remember when O. took over on 1/21/09 we were losing jobs (net job losses) at the rate of about 23,500 jobs a day or about 1,000 an hour. This rate of net job loss has slowed in October to around 6,500 a day or about 260 an hour. That , while not positive, shows a major turnaround in the labor markets, a turnaround which seems to be continuing , but at a lower pace. Labor productivity is skyrocketing, a trend which will keep labor markets slack but result in more downstream growth; also our balance of payments monthly deficit is half of what it was 14 months ago and the trend shows further improvement. This is starting to help our labor markets. Certainly there are roadblocks and issues to overcome for the economy to move ahead , but it is quite possible that , while the GOP may recover some ground in 2010 elections, a strong economic recovery in 2011 is entirely possible; despite the bads wishes of the GOP whom would rather not see that happen. Remember when Reagan lost 70 house seats in 1986 but the GOP took the 1988 presidential election. , Had we had the much larger stimulus package recommended by Krugman and some administration economists and more or less equal to China's stimulus spending we could be at breakeven in net jobs or even at a slight net gain. China, based on the relative size of its economy, put in 3 and 1/2 times as much in their stimulus spending and did more to prime it, look at the result, their economy is blasting ahead. We had the nay-saying GOP screwing our stimulus package up - and some Dem problems as well, -too many pet projects from both parties-and as a result our stimulus was too small and not fully thought out. It has worked but not as well as it should have. Just as important for now and much more important when the stimulus runs its course are getting the credit markets to run smoothly again, so the private sector reemerges as our engine of growth. That would be the subject of another e mail.