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COMMENTS:
The growth in the economic sector is going to the top 1% richest Americans. They are benefiting from sending American jobs overseas. Growth went up this quarter as the trade deficit increased. All this means more money for Bush's corporate CEO's and abject poverty for joe sixpack and sally soccer mom.
They should do more to protect American manufacturing and technology jobs and keep American jobs from going overseas!
After 82-83 in all fairness, the economy did grow in the Regan years. The problems of interest rates and inflation are due to the Carter administration. You're a little ass backwards. But still, both parties need to do more to protect the domestic technology and manufacturing jobs.
And you've all forgot Bush himself's astute views,
"More and more of our imports are coming from overseas."
--George W. Bush
I don't see no stinking recovery.
Your economy is improving because of Bush's bullshit war! I told you, America thrives on stealing from war! Without it your country is nothing, so I will end war!
Wal-Mart and other retailers report a "dismal" Christmas this year. That's a more accurate economic indicator than the phony Dow numbers. Again, where is this recovery you speak of? I see it not.
" The problems of interest rates and inflation are due to the Carter administration. You're a little ass backwards. " says liberaljim... yeah, same way Clinton's responsible for Bush depression eh? How convienent.
by LCD on Thu Jan 22, 04 5:59am
[+]
Whoa, I hope PPP is still around to read this because he is way off. Do you know anything about economics or do you just say whatever sounds good to you? Those comments you posted make no sense. Let me break down why the economy is strong, where it comes from, and what it means.
The US and Asian economies are set to have a very, very good year in 2004. The Asian economy predicted to grow by 6%, the US by 4-5% and the Euro-zone only by 1% at best. The strong Euro is actually hurting European exports because no one wants to meet high Euro rates. The higher Euro will lead to higher unemployment, Germany is look at topping 11% unemployment rate by end of 2004. The lowly dollar encourages exports because of the driven down price. Likewise US unemployment rates look to dip below 5% in 2004. Currencies most directly affect banks. The low dollar will keep US interest rates at all time lows which in turn encourages new spending. The high Euro will do the opposite. This is why at the G-7 summit the rising Euro was such a concern for the Europeans, and while Japan, China, and the US nodded yes their inaction proves they are in no hurry to help the Euro out. We will sit and reap these benefits as long as the Euro committee will allow before finally taking their own actions to halt it. The only downside to a weak dollar is once again to deal with banks. Any deficiet owed to the US will be easier to pay with a weaker dollar and will be worth less than before. The main thing is that currencies have indirect effects on the market but in no way weaken or strengthen the markets values with theirr values.
On February 9, the Bush administration released the Economic Report of the President which was interpreted by economists to state that there would be 2.6 million jobs created this year. The following day, the President's Council of Economic Advisers (CEA) said that the economists had misinterpreted the report and that there would actually be a creation of 3.8 million new jobs. The estimated 3.8 million new jobs equates to approximately 317,000 new jobs that need to be created each and every month. Despite great expectations by the Bush administration, the total jobs created for the last six months of 2003 was 366,000. The net job loss for 2003 was 53,000, bringing the total number of jobs lost since January 2001 to 2.2 million.
lol "good economy". Let america pay back the 500 billions deficit (that is now worsening) then come talk.
I believe PPP is correct. When they say the "economy" has improved, that is from a Wall Street perspective. For anyone that needs a paycheck to make a living, the economy has not improved. The thousands of "new jobs" seem to be what the neocons used to deride as McJobs -- when it was under Clinton. Layoffs continue. Median income (for salaried/wage-earners) continues to decline. This is eclipsed by good Wall Street earnings.
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