Headlines to remember as we enter the election season

[Chadman]

Here are four fairly pertinent headlines that show where the economy and economic environment seems to be headed under the guidance of the current administration. The main reason I note this, is that I can remember countless references to the difficult economic issues Bush supposedly "inherited" from Clinton which led to him being a part of some sort of recovery. I guess then, it would be acceptable (or should be) to note where things are headed due to the policies of the administration and the people they put (or helped put) in place at the fed, the world bank, etc.

No Comeback for the Greenback?
Wednesday 12:12 PM

Jobless Rate to Increase in 2008, Says Fed
Wednesday 10:36 AM

Feds Predict Slow Economy in 2008
Wednesday 10:10 AM

Oil Rises Near $100, While Dollar Falls
Wednesday 9:58 AM

Okay, righty spinsters..."you're it"...:tongue

 

[DOGS THAT BARK]

The thing to remember when you vote do you want to vote on the spin of glass half full group--

or do you want to look at the facts presented here just a few days ago --that didn't sink into the pessismists heads--

Fact Sheet: October 2007 Marks Record 50th Consecutive Month of Job Growth
8.31 Million Jobs Created Since August 2003 In Longest Continuous Months Of Job Growth On Record
November 2, 2007, the Bureau of Labor Statistics released new jobs figures ? 166,000 jobs created in October. Since August 2003, 8.31 million jobs have been created, with 1.68 million jobs created over the 12 months that ended in October. Our economy has now added jobs for 50 straight months ? the longest period of uninterrupted job growth on record. The unemployment rate remains low at 4.7 percent.

The U.S. Economy Remains Strong, Flexible, And Dynamic

Real GDP grew at a strong 3.9 percent in the third quarter of 2007. The economy has now experienced six years of uninterrupted growth, averaging 2.8 percent a year since 2001
==========================

Now I would agree it longer this extraordinary expansion continues the harder it will to continue--but fact of the matter is Peloski and liberals been calling this the worst economy since great depression for years---

However if when you vote you think adding taxes to corps and individuals seven ways from sundown--is going to enhance growth and jobs--your in for rude awaking.
++++++++++++++++++++++++++++++

define spin
a distinctive interpretation (especially as used by politicians to sway public opinion); "the campaign put a favorable spin on the story"

 

[Chadman]

I'm not sure if you are suggesting my post was some kind of spin or not. I'm wondering aloud if it can be construed as some kind of spin when the FED is predicting where jobs and the economy are headed, or a report on the fact that oil is rising to near $100 while the dollar falls?

Or, are you referring to some unnammed spin that remains a non-story in this thread?

 

[DOGS THAT BARK]

Wasn't suggesting your post was intended spin--just noting that the headlines--were questions about negative possibilities of future with no regard for the past facts.

Personally I have little doubt that price of oil will have most impact on economy-worldwide.

Made note several months when dow hit 14,000 that it was uncomprehesible considering price of oil.

as far as the future--I consider the impact 911-and other disaters has had yet economy has done remarkibly well since then--so look at oil as another temporary roadblock to overcome.

About the only things I see that can permanantly hinder economy is federal assault on corps and small business--via taxes and mandates.

Now I'll pose this question--considering the misfortunes natural and otherwise that have occurred the past 7 years--would you take the current situation of economy--or take your chances on what situation might have been if Kerry had won.

 

[Chadman]

All things considered, I don't buy into your premise. I know you are looking for a narrow response, especially the way you set it up. To be completely honest, I would take my chances with what Kerry would have done, compared to where our country sits right now - again, all things considered.

Kerry was not necessarily my personal choice when looking at democratic candidates, but I did vote for him in the election, and I would have no problem with giving the past few years a shot with Kerry starting at the same place we did.

There would definitely be give and take, things would undoubtedly be quite a bit different. Of course different things are more important to me than they are for you, so there's no real way to measure where we'd be. Just answering your question. Looking at our country under Bush? I'd sure give a shot at a do-over with Kerry - starting right now. Maybe things would be worse, I don't know. I'm sure some things would be "worse." But I don't like where we are now, and I don't share the gloom and doom perspective of what a Kerry presidency would have done to the country.

 

[DOGS THAT BARK]

Fair enough Chad

IMO as far as economy goes--I don't care who or which side was president-- I am more than satisfied on economy past 7 years considering everything that has occurred--do I think this admin was totally responsible?--absolutely not--but they didn't get in the way of expansion either.

 

[Chadman]

To be fair, Wayne, I think the administration has done a pretty fair job overall with the basic economy, from my novice perspective. I am really concerned about some of the things I see, though, which are also due in part to what has gone on. Like the deficit, the trade deficit, the housing situation and defaults, and of course the money we continue to pour into the war that is rarely reflected in the basic economic statistics.

I'm still ticked about the energy policy and the way that was handled. I'm very ticked about the war. I'm ticked about the people in this administration on so many fronts.

But, the economy is not an issue I can take the fellas to task on too much. But I don't think it would have been much worse with a different administration, either. It might have been.

 

[AR182]

the oil prices bother me the most....our leaders over the years should never have put us in a position to be at the mercy of other countries...

 

[smurphy]

This is going to be a terrible Christmas season. The cost of living is really wearing on people bad. A lot of chickens are roosting at the same time - some from bad policies and some from 'natural causes'.

 

[djv]

Where everyone, at least most can feel pain.
Price of gas.
Price of milk. In fact groceries.
Health care cost and it's insurance cost.
Cost to heat/cool your house.
Some say. But look how many are working. Yes how many two jobs because pay is not keeping up.
Other say look at the stock market. Other say look where stocks were in 99/00. Not very much change.
And last. More Americans then ever close to 70%believe they were B S about Iraq. And just plain lied to.
These are easy for folks to see and live through everyday. All the B S coming from W H just can't cover up with spin.

 

[smurphy]

But look how many are working. Yes how many two jobs because pay is not keeping up.

DTB says these people are dragging society down. He despises the 28% of this country that are working, but not making enough to contribute significantly to income taxes. He even hates AR because he put himself through college by working low paying jobs that didn't qualify for income tax.

DTB says working poor people are exploiting the wealthy.:142smilie

 

[JCDunkDogs]

Reading this post, I thought of that opening line of Dickens', "It was the best of times, it was the worst of times."

 

[Jabberwocky]

"I hate freedom, the troops, and America....my grandfather was a sucker for being at DDay...I am just a code pink, liberal fag"


Happy Turkeyday to all....especially DTB and GW.


Murph, Kosar, and Chad....nevermind.

 

[DOGS THAT BARK]

DTB says these people are dragging society down. He despises the 28% of this country that are working, but not making enough to contribute significantly to income taxes. He even hates AR because he put himself through college by working low paying jobs that didn't qualify for income tax.

DTB says working poor people are exploiting the wealthy.:142smilie

Your totally incorrect Smurph--My wife works 2 jobs and goes to school--and pays taxes.

--and I worked my way through college via GI Bill.

I have the utmost respect for anyone who makes an effort and you would be hard pressed to find anyone working 2 jobs not paying taxes.

Its the its not my fault crew/the gov and tax payors owe me- I have no sympathy for--the ones whose drawing welfare has been a way of life for generations--that would rather sell drugs than finish high school--who believe crime pays--and you can bet the farm on which party they'll be supporting

 

[djv]

Wow Crime only for one party voters. Strange the crime is done by all walks of live. Some kill one person. Then other steal and destroy a company and ruin thousands lives. I would say Ind, Reb,s & Dem,s share in the crime. And I would guess many never voted and never will. As for two job workers. Many are well educated. Problem there jobs have left them. We need more new jobs that pay well created.

 

[Jabberwocky]

Its the its not my fault crew/the gov and tax payors owe me- I have no sympathy for--the ones whose drawing welfare has been a way of life for generations--that would rather sell drugs than finish high school--who believe crime pays--and you can bet the farm on which party they'll be supporting

murph could you please take this one? I have to check my turkey.

BTW, happy tday dtb, you misguided republican. You really should be a southern democrat, it is so much more becoming.

 

[smurphy]

--and I worked my way through college via GI Bill.

freeloader

 

[DOGS THAT BARK]

Inflation: You can use the liberal accounting method of a couple items from the gas and milk crew or look at the actual #'s which you never see them allude to

Appears the trend continues--speculation-opinion vs the facts.

Current Inflation Rate
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Ave
2007 2.08% 2.42% 2.78% 2.57% 2.69% 2.69% 2.36% 1.97% 2.76% 3.54%
2006 3.99% 3.60% 3.36% 3.55% 4.17% 4.32% 4.15% 3.82% 2.06% 1.31% 1.97% 2.54% 3.24%
2005 2.97% 3.01% 3.15% 3.51% 2.80% 2.53% 3.17% 3.64% 4.69% 4.35% 3.46% 3.42% 3.39%
2004 1.93% 1.69% 1.74% 2.29% 3.05% 3.27% 2.99% 2.65% 2.54% 3.19% 3.52% 3.26% 2.68%
2003 2.60% 2.98% 3.02% 2.22% 2.06% 2.11% 2.11% 2.16% 2.32% 2.04% 1.77% 1.88% 2.27%
2002 1.14% 1.14% 1.48% 1.64% 1.18% 1.07% 1.46% 1.80% 1.51% 2.03% 2.20% 2.38% 1.59%
2001 3.73% 3.53% 2.92% 3.27% 3.62% 3.25% 2.72% 2.72% 2.65% 2.13% 1.90% 1.55% 2.83%
2000 2.74% 3.22% 3.76% 3.07% 3.19% 3.73% 3.66% 3.41% 3.45% 3.45% 3.45% 3.39% 3.38%

 

[DOGS THAT BARK]

This is going to be a terrible Christmas season. The cost of living is really wearing on people bad. A lot of chickens are roosting at the same time - some from bad policies and some from 'natural causes'.

Don't know Smurph-we always get the doom and gloom from media but is always forgotten following another record setting year--
Don't know the finishing #'s yet but some encouraging #'s to start.
I was inclined to agree with you Smurph in that I thought this would be bad year also--thought the credit crunch would be the culprit though.



By ANNE D'INNOCENZIO

NEW YORK (AP) - The nation's retailers had a robust start to the holiday shopping season, according to results announced Saturday by a national research group that tracks sales at retail outlets across the country.

According to ShopperTrak RCT Corp., which tracks sales at more than 50,000 retail outlets, total sales rose 8.3 percent to about $10.3 billion on Friday, the day after Thanksgiving, compared with $9.5 billion on the same day a year ago. ShopperTrak had expected an increase of no more than 4 percent to 5 percent.

"This is a really strong number. ... You can't have a good season unless it starts well," said Bill Martin, co-founder of ShopperTrak, citing strength across all regions. "It's very encouraging. When you look at September and October, shoppers weren't in the stores."
http://apnews.myway.com/article/20071125/D8T4EQR00.html

 

[BobbyBlueChip]

Inflation: You can use the liberal accounting method of a couple items from the gas and milk crew or look at the actual #'s which you never see them allude to

Appears the trend continues--speculation-opinion vs the facts.

How is this a fact, Dogs? Like all of your "facts', they're just interpretations. The actual inflation rate that you quote is just a different accounting method. The only thing that's keeping the inflation rate down is the fact that they changed the rules back in 96 in order to keep SS payments down as they're tied to the national inflation rate. The inflation rate that you're quoting removes spikes in gasoline during the summer months, removes oil spikes during winter months, calculates a pleasure index for similar items in technology related items - it's basically an accounting trick to keep ss payments down, keep union wages low and to keep the deficit and debt statistics more manageable.


So, yes, the trend does continue.