| Topic: |
Religions > Atheism |
| User: |
"Fred Stone" |
| Date: |
30 Oct 2003 11:56:02 AM |
| Object: |
OT: It's The Economy, Stupid! |
http://apnews.myway.com/article/20031030/D7UGJQTO0.html
Economy Grows at Fastest Pace Since 1984
Oct 30, 11:33 AM (ET)
By JEANNINE AVERSA
WASHINGTON (AP) - The economy grew at a blistering 7.2 percent annual
rate in the third quarter in the strongest pace in nearly two decades.
Consumers spent with abandon and businesses ramped up investment,
compelling new evidence of an economic resurgence.
The increase in gross domestic product, the broadest measure of the
economy's performance, in the July-September quarter was more than
double the 3.3 percent rate registered in the second quarter, the
Commerce Department reported Thursday.
The 7.2 percent pace marked the best showing since the first quarter of
1984. It exceeded analysts' forecasts for a 6 percent growth rate for
third-quarter GDP, which measures the value of all goods and services
produced within the United States.
"This is a gangbuster number. Everything came together for the economy
in the third quarter," said Mark Zandi, chief economist at Economy.com.
"The key challenge now is jobs," he said...
--
Fred Stone
Illegitimi non Carborundum
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| User: "JTEM" |
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| Title: Re: It's The Economy, Stupid! |
30 Oct 2003 12:32:25 PM |
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"Fred Stone" <fstone69@earthling.com> wrote
Economy Grows at Fastest Pace Since 1984
"...Says the exact same government that stopped counting
500,000 unemployed Americans as unemployed, than
turned around and announced that fewer people were
unemployed."
You get orange juice from oranges. You get blatent lies
from the Bush administration.
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| User: "Igtheist" |
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| Title: Re: It's The Economy, Stupid! |
31 Oct 2003 12:26:13 AM |
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"JTEM" <jaytem@yahoo.com> wrote in message news:<5MmdnWAHq9MXxTyiRVn-hg@comcast.com>...
"Fred Stone" <fstone69@earthling.com> wrote
Economy Grows at Fastest Pace Since 1984
"...Says the exact same government that stopped counting
500,000 unemployed Americans as unemployed, than
turned around and announced that fewer people were
unemployed."
You get orange juice from oranges. You get blatent lies
from the Bush administration.
I don't think that the growth rate is a lie. GDP is not a good
measure of how well the country is doing anyway. GDP would go up if
the government tore down the Rocky Mountains and filled in the Grand
Canyon. The last GDP spike was mostly from dropping bombs on Iraq.
This one is from spending money the government doesn't have, building
new bombs, and everyone borrowing against equity in their house and
spending it.
This is evidenced by the fact that balance sheets are getting worse
for businesses, households, and government. Didn't we just have a
record deficit?
But heck whatever floats the Keynesian boat. This is the exact same
prescription that any democrat politico would follow.
PS. The employment numbers have always been fudged this way. Don't
forget all the fudging of economic numbers during the Clinton
administration. Record productivity my *****. Much of those numbers
were manufactured by changing the way CPI was calculated amoung other
things. Bush continues the tradition.
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| User: "duke" |
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| Title: Re: It's The Economy, Stupid! |
30 Oct 2003 05:45:58 PM |
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On Thu, 30 Oct 2003 13:32:25 -0500, "JTEM" <jaytem@yahoo.com> wrote:
"Fred Stone" <fstone69@earthling.com> wrote
Economy Grows at Fastest Pace Since 1984
"...Says the exact same government that stopped counting
500,000 unemployed Americans as unemployed, than
turned around and announced that fewer people were
unemployed."
You get orange juice from oranges. You get blatent lies
from the Bush administration.
Sorry, don't blame the republicans for htat one. The 'rats ran the congress for
dozens of years. The rules say that if a person uses up all his unemployment
compensation, he is no longer considered to be on the roles of the unemployed.
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| User: "JessHC" |
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| Title: Re: It's The Economy, Stupid! |
30 Oct 2003 08:05:41 PM |
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duke <duckgumbo32@cox.net> wrote in message news:<8i83qv8lhcu9k206hk1itg7uepk9ddkprv@4ax.com>...
On Thu, 30 Oct 2003 13:32:25 -0500, "JTEM" <jaytem@yahoo.com> wrote:
"Fred Stone" <fstone69@earthling.com> wrote
Economy Grows at Fastest Pace Since 1984
"...Says the exact same government that stopped counting
500,000 unemployed Americans as unemployed, than
turned around and announced that fewer people were
unemployed."
You get orange juice from oranges. You get blatent lies
from the Bush administration.
Sorry, don't blame the republicans for htat one. The 'rats ran the congress for
dozens of years. The rules say that if a person uses up all his unemployment
compensation, he is no longer considered to be on the roles of the unemployed.
According to this, you're both wrong.
http://www.snopes.com/science/stats/unemploy.htm
"Although this belief is widespread and has at times been reported as
factual in the mainstream media, the truth of the matter is that
unemployment statistics are gathered through a process of sampling a
representative number of households; they are not arrived by counting
the number of unemployment insurance claims made during a particular
month. Data collected in the Current Population Survey (CPS), a
monthly survey of over 60,000 households, is used for this purpose.
From this data, an extrapolation is made about the unemployment status
of the country as a whole."
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| User: "JTEM" |
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| Title: Re: It's The Economy, Stupid! |
30 Oct 2003 10:50:49 PM |
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"JessHC" <jesshc@phantomemail.com> wrote
According to this, you're both wrong.
http://www.snopes.com/science/stats/unemploy.htm
This doesn't address what I was saying. I was not claiming
that the official unemployment figure only comes from the
number of unemployment claims filed. What I pointed out is
that they stopped counting 500,000 unemployed people as
unemployed, then reported that unemployment had dropped.
Of course, this is not even addressing the fact that our economy
had to create 4.5 millions jobs just to accommodate the elderly
who have to return to the work force. Not a single one of them
is ever counted as "unemployed" -- nor will ever be counted --
no matter how badly they need a job. They are officially retired.
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| User: "JessHC" |
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| Title: Re: It's The Economy, Stupid! |
31 Oct 2003 01:38:51 PM |
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"JTEM" <jaytem@yahoo.com> wrote in message news:<DOKdncBI5LDhdDyiRVn-tA@comcast.com>...
"JessHC" <jesshc@phantomemail.com> wrote
According to this, you're both wrong.
http://www.snopes.com/science/stats/unemploy.htm
This doesn't address what I was saying. I was not claiming
that the official unemployment figure only comes from the
number of unemployment claims filed. What I pointed out is
that they stopped counting 500,000 unemployed people as
unemployed, then reported that unemployment had dropped.
Of course, this is not even addressing the fact that our economy
had to create 4.5 millions jobs just to accommodate the elderly
who have to return to the work force. Not a single one of them
is ever counted as "unemployed" -- nor will ever be counted --
no matter how badly they need a job. They are officially retired.
I apologize; I misunderstood your point.
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| User: "Adam Marczyk" |
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| Title: Re: It's The Economy, Stupid! |
31 Oct 2003 04:01:24 PM |
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JessHC <jesshc@phantomemail.com> wrote in message
news:d58e3ac.0310301805.39828fd6@posting.google.com...
duke <duckgumbo32@cox.net> wrote in message
news:<8i83qv8lhcu9k206hk1itg7uepk9ddkprv@4ax.com>...
On Thu, 30 Oct 2003 13:32:25 -0500, "JTEM" <jaytem@yahoo.com> wrote:
"Fred Stone" <fstone69@earthling.com> wrote
Economy Grows at Fastest Pace Since 1984
"...Says the exact same government that stopped counting
500,000 unemployed Americans as unemployed, than
turned around and announced that fewer people were
unemployed."
You get orange juice from oranges. You get blatent lies
from the Bush administration.
Sorry, don't blame the republicans for htat one. The 'rats ran the
congress for dozens of years. The rules say that if a person uses up
all his unemployment compensation, he is no longer considered to be on
the roles of the unemployed.
One wonders for how many years the Republicans have to control all three
branches of government before anything bad that happens is their fault.
--
"We have loved the stars too fondly | a.a. #2001
to be fearful of the night." | http://www.ebonmusings.org
--Tombstone epitaph of | e-mail: ebonmuse!hotmail.com
two amateur astronomers, | ICQ: 8777843
quoted in Carl Sagan's _Cosmos_ | PGP Key ID: 0x5C66F737
----------------------------------------------------------------------
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| User: "Mark K. Bilbo" |
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| Title: Re: It's The Economy, Stupid! |
31 Oct 2003 07:08:21 PM |
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On Thu, 30 Oct 2003 13:32:25 -0500, JTEM wrote:
"Fred Stone" <fstone69@earthling.com> wrote
Economy Grows at Fastest Pace Since 1984
"...Says the exact same government that stopped counting
500,000 unemployed Americans as unemployed, than
turned around and announced that fewer people were
unemployed."
You get orange juice from oranges. You get blatent lies
from the Bush administration.
The "growth" we're seeing right now is nothing but military spending and
"increased productivity" (translation: lay people off, make the rest work
harder out of fear).
We're *still not seeing an actual expansion. Just something Wall Streets
types like. So the markets up.
On the other hand, Sony is laying off 20,000 now...
--
Mark K. Bilbo
"The computer revolution is over. We lost."
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| User: "JTEM" |
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| Title: Re: It's The Economy, Stupid! |
01 Nov 2003 02:45:05 AM |
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"Mark K. Bilbo" <iskanipa-y@hoo.com> wrote
The "growth" we're seeing right now is nothing but military
spending and "increased productivity" (translation: lay
people off, make the rest work harder out of fear).
Not from what the Treasury is saying. They're foreseeing a
spike in interest rates, a sure sign of inflation. Rather than any
real growth in the delivery of goods & services, we're looking
at a rise in prices (perhaps a reflection of the prolonged drop
in production & inventories).
We're *still not seeing an actual expansion. Just something
Wall Streets types like. So the markets up.
They refuse to let go. They desperately want to see a return to
the price-to-fantasy stock market, and they're willing to cling
to anything they see as hope.
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