More Bad News for Dems, Good news for America

Discussion in '2003 Archive' started by Joseph_Botwinick, Nov 6, 2003.

  1. Joseph_Botwinick

    Joseph_Botwinick
    Expand Collapse
    <img src=/532.jpg>Banned

    Joined:
    Nov 12, 2000
    Messages:
    17,527
    Likes Received:
    0
  2. Joseph_Botwinick

    Joseph_Botwinick
    Expand Collapse
    <img src=/532.jpg>Banned

    Joined:
    Nov 12, 2000
    Messages:
    17,527
    Likes Received:
    0
  3. Daisy

    Daisy
    Expand Collapse
    Banned

    Joined:
    Apr 1, 2003
    Messages:
    7,751
    Likes Received:
    0
    Dems are Americans, dear; there are about as many of us as there are of you. [​IMG]

    Believe it or not, a good economy is good news to us. Your links don't say anything about job creation, but job loss has slowed and that is excellent news.

    One question: the second link says that joblessness should hold at 6.1%; since welfare has a definite 5 year limit, are people supposed to take turns being jobless? Our economy won't support full-employment, so what do we do about the 6%, engage in social Darwinism and say "if you're not strong enough, tough"?
     
  4. Joseph_Botwinick

    Joseph_Botwinick
    Expand Collapse
    <img src=/532.jpg>Banned

    Joined:
    Nov 12, 2000
    Messages:
    17,527
    Likes Received:
    0
    Can you prove that assertion that our economy won't support full-employment? Does that have something to do with illiegal immigration taking these jobs and working for next to nothing? What exactly are you talking about?

    Joseph Botwinick

    PS: I don't think the Dems are happy at all because as was mentioned by one of the Dems in an earlier thread (I will try to find the link), the major focus of overthrowing Bush next year will be the "bad economy". What will they do now? Condemn him for signing a ban on partial birth abortions? This isn't going to work since most sane Americans support the president on this. Condemn the war? This isn't going to work either because things are going a lot better than what they report it as doing and the truth is going to be revealed soon enough. What is the strategy going to be? The Dems really have nothing to offer that mainstream America really wants and now they have no real condemnation of Bush.

    Joseph Botwinick
     
  5. bb_baptist

    bb_baptist
    Expand Collapse
    Administrator
    Administrator

    Joined:
    Jun 22, 2000
    Messages:
    7,227
    Likes Received:
    0
    Treasury Secretary John Snow reported that the economy added some 57,000 jobs in September and the new year could see monthly job growth in the 200,000 range
     
  6. Daisy

    Daisy
    Expand Collapse
    Banned

    Joined:
    Apr 1, 2003
    Messages:
    7,751
    Likes Received:
    0
    That is good news! The recovery may be real. I really hope so.

    I'm lay-offable and my husband has become self-employed. It would be hard for me to get an equal job to what I have now in terms of hours and benefits.

    The political advantage, such as it may be, is not worth the real pain of a bad economy.
     
  7. bb_baptist

    bb_baptist
    Expand Collapse
    Administrator
    Administrator

    Joined:
    Jun 22, 2000
    Messages:
    7,227
    Likes Received:
    0
    Tomorrow's Labor Department report on October employment is forecast to show the economy added 65,000 jobs last month, a second straight increase and only the third gain this year, based on the median estimate.

    The U.S. jobless rate is forecast to hold at 6.1 percent in tomorrow's report, based on median forecasts.

    A pickup in the job market may aid re-election prospects next year for President George W. Bush, who has overseen an economy that shed 2.6 million jobs since he took office in January 2001.
     
  8. The Galatian

    The Galatian
    Expand Collapse
    Banned

    Joined:
    Aug 18, 2001
    Messages:
    9,687
    Likes Received:
    0
    This is good news, for everyone, democrate, republican, or whatever.

    The Bush "recovery" had featured business gains, but little improvement in joblessness. Hopefully ,this will continue.

    We've got a lot of recovery to go before we get back to even.
     
  9. Joseph_Botwinick

    Joseph_Botwinick
    Expand Collapse
    <img src=/532.jpg>Banned

    Joined:
    Nov 12, 2000
    Messages:
    17,527
    Likes Received:
    0
    Galatian,

    Did you read the second link:

    "Initial claims for state unemployment aid fell 43,000 to 348,000 in the week ending Nov. 1 from a revised 391,000 in the prior week, the Labor Department (search) said. It was the lowest claims level since late January 2001, two months before the recession began."
     
  10. True Blue Tuna

    True Blue Tuna
    Expand Collapse
    New Member

    Joined:
    May 29, 2003
    Messages:
    509
    Likes Received:
    0
    I can't believe how simplistic people can be, when they trumpet this one little piece of economic data, and assume that Bush has transformed the economy. :rolleyes:

    1. In the first place, that isn't even *half* the number of jobs that the economy needs, just to break even. In order for the economy to absorb the new job seekers that enter the market each month, we need 150,000 new jobs per month.

    2. In the second place, the article you cited is only one week's report - one single, puny week does not make a recovery.

    3. In the third place, a recent article on CNN makes it clear that the drop may be attributable to the difference between weekly and monthly atracking.

    http://money.cnn.com/2003/11/06/news/economy/jobless/index.htm

    The Labor Department said 348,000 people filed new claims for unemployment benefits in the week ended Nov. 1, compared with a revised reading of 391,000 in the prior week.

    It was the lowest number of weekly jobless claims since 339,000 in the week of Jan. 20, 2001. Economists, on average, expected 380,000 new claims, according to Briefing.com.

    A spokesman for the Labor Department told Reuters there was no apparent explanation for the enormous drop in claims, but suggested at least some of that drop should be discounted.

    "Every week we encourage (people to look at) the four-week average. This is certainly one of those weeks," the spokesman said.


    4. In the fourth place, it isn't even clear that the drop is facutally correct in the first place?

    http://msnbc.com/news/990083.asp?0cv=BA01

    John Challenger, a longtime observer of the labor market as head of a firm that counsels laid-off workers, was somewhat less optimistic. He noted that U.S. companies announced plans to lay off nearly 172,000 jobs in October, the highest total in a year.

    “We have had a very difficult year for the job market,” Challenger said. “There was a small uptick in job creation last month that fueled a lot of optimism, especially given the growth of GDP, but the forces that are leading to the downsizing we have seen throughout the last several years haven’t abated.”


    5. In the fifth place, the number of "underemployed" - those who are working part-time jobs because they can't find full time employment - continues to climb in October.

    http://msnbc.com/news/990083.asp?0cv=BA01
    When part-timers seek full-time work

    As economy adds jobs, ranks of ‘underemployed’ growing

    By Martin Wolk
    MSNBC

    Nov. 6 — When Joanne Puckett finally found a job in public relations — after eight months of searching — she had high hopes that her career at last was taking off. But only six months after being hired by a large Chicago agency, Puckett, 29, was told there no longer was enough business to justify her working full-time. Now she works 24 hours a week and wonders if she chose the right profession.



    6. In the sixth place, it doesn't change the fact that Bush is the only president since Herbert Hoover to preside over net job losses during his administration, as opposed to job growth.
     
  11. bb_baptist

    bb_baptist
    Expand Collapse
    Administrator
    Administrator

    Joined:
    Jun 22, 2000
    Messages:
    7,227
    Likes Received:
    0
  12. Joseph_Botwinick

    Joseph_Botwinick
    Expand Collapse
    <img src=/532.jpg>Banned

    Joined:
    Nov 12, 2000
    Messages:
    17,527
    Likes Received:
    0
    I'm thinking the Dems are gonna have to work pretty hard to re-create a bad economy so they can get elected next year after this.

    Joseph Botwinick
     
  13. True Blue Tuna

    True Blue Tuna
    Expand Collapse
    New Member

    Joined:
    May 29, 2003
    Messages:
    509
    Likes Received:
    0
    EDITED BY ACCIDENT. SORRY.

    [ November 07, 2003, 12:57 PM: Message edited by: webmaster ]
     
  14. Joseph_Botwinick

    Joseph_Botwinick
    Expand Collapse
    <img src=/532.jpg>Banned

    Joined:
    Nov 12, 2000
    Messages:
    17,527
    Likes Received:
    0
    TBT,

    Sorry to tell you this, but reality doesn't agree with you as always. But, keep repeating the Democrat script. It only makes your side look more and more foolish.

    Joseph Botwinick
     
  15. bb_baptist

    bb_baptist
    Expand Collapse
    Administrator
    Administrator

    Joined:
    Jun 22, 2000
    Messages:
    7,227
    Likes Received:
    0
    I like the trend since March 2003 [​IMG]

    [​IMG]
     
  16. Joseph_Botwinick

    Joseph_Botwinick
    Expand Collapse
    <img src=/532.jpg>Banned

    Joined:
    Nov 12, 2000
    Messages:
    17,527
    Likes Received:
    0
  17. Joseph_Botwinick

    Joseph_Botwinick
    Expand Collapse
    <img src=/532.jpg>Banned

    Joined:
    Nov 12, 2000
    Messages:
    17,527
    Likes Received:
    0
  18. True Blue Tuna

    True Blue Tuna
    Expand Collapse
    New Member

    Joined:
    May 29, 2003
    Messages:
    509
    Likes Received:
    0
    Sorry; I thought you had a real source. It's only Faux News, though. [​IMG] [​IMG]
     
  19. bb_baptist

    bb_baptist
    Expand Collapse
    Administrator
    Administrator

    Joined:
    Jun 22, 2000
    Messages:
    7,227
    Likes Received:
    0
    The employment numbers were released by the Labor Department.

    The Economy at a Glance
    - The economy is growing at a rapid pace. The nation?s gross domestic product increased at an annual rate of 7.2 percent in the third quarter of 2003.
    - The economy is adding new jobs. The economy added 286,000 new non-farm jobs in the past three months and the nation?s unemployment rate is the lowest since April.
    - The stock market is up 30 percent since March.
    - Inflation is low.
    - After-tax incomes are rising.
    - Home ownership is at record highs. Homeownership reached an all-time record of 68% (of American households) in the third quarter.
    - Productivity is high.
    - Durable Goods orders are up. U.S. Durable goods orders - orders for those goods lasting 3 years or more - rose in September for the fourth month in five. The data shows an increase in business spending ? which is crucial for a strong recovery.
    - Factory orders, especially for high-tech equipment, have risen over the last several months. New orders for non-defense capital goods, excluding aircraft, rose 3.9% last month. Unfilled orders for such equipment rose 1.2%. New orders for computers and electronic equipment increased at a 36% rate in the third quarter.
    - Both auto and non-auto consumer spending are strong. Total consumer spending grew at a 6.6% rate in the third quarter, the largest gain since 1997.
    - Industrial production is on the rise. Industrial production posted a solid increase in September and a 3.3 percent annual rate of increase for the third quarter as a whole. The fifth consecutive month of increases in business equipment production suggests a sustained period of rising investment spending.
    - Housing starts have remained outstanding. Housing starts rose 3.4 percent in September to an annual rate of 1.888 million units, higher than market expectations and approaching the highest level since 1986.
    - Car and truck sales continue to be strong. Aided by favorable incentives, auto sales surged at a 37% annual rate to a 17 million unit pace in the third quarter, the fifth highest on record.
    - Small business optimism recently reached a record high level, according to the National Federation of Independent Business, and confidence among large-company CEOs reached its highest level in eleven years according to the Conference Board.
    Consumer confidence is rising. The Conference Board reported that consumer confidence index rose to 81.1 in October from 77 in September, reflecting increases in present conditions and expectations. The report showed a rise in plans to buy autos and appliances. Some 19.7% indicated in October they expect jobs to become available within the next six months, the most since June of 2002.
     

Share This Page

Loading...