Economy on track for a 20 year record high

[Sixpence]

Originally posted by lazs2
none of this really matters... it matters not who is responsible..if the economy is percieved to be good then it will add 2-6 % points to the voting numbers for Bush... If it is bad it will do the reverse.If Bush is better looking than the other candidates that will add 4-8 points.

lazs

Don't forget he dropped his dog, minus 10 points

[FUNKED1]

Originally posted by DoctorYO
Job growth dictates the economy not boat sales..
Get a refresher in macroeconomics.. you need it..

The mind boggles.

[2stony]

Don't forget he dropped his dog, minus 10 points

     Bush dropped a lot more than just his dog.

[Ripsnort]

Originally posted by FUNKED1
The mind boggles.

agreed. Job growth dictates economy? Uhhh, okay.

Maybe we should simplify it for Mr.Yo.  

Farmer Brown works alone on a farm with one cow. Cow produces enough milk for family and then some. He sells the excess milk. There is a consumer willing to pay for it. Farmer brown buys another cow and now doubles his output, but two cows are alot of work...so he hires a hired hand to help out on the farm.  I don't think Job growth dictated Mr.Brown's expansion of his business, and subsequent hiring after he sold the excess milk and made a profit.

Of course, this scenario disregards these economic indicators just as Dr.Yo's statement that "Jobs dictate economy" did.  But since we're on the subject of macroeconomics, check out these stats from April and May 2004 on job growth and income growth:

Wages and salaries --Monthly--2004

 Private wage and salary disbursements increased $39.6 billion in May, compared with an increase of $25.9 billion in April.  Goods-producing industries' payrolls increased $7.7 billion,
compared with an increase of $4.1 billion; manufacturing payrolls increased $5.0 billion, compared with an increase of $2.4 billion.  Services-producing industries' payrolls increased $31.8 billion,
compared with an increase of $21.8 billion.

 Other personal income

 Supplements to wages and salaries increased $8.2 billion in May, compared with an increase of $7.2 billion in April.  Proprietors' income increased $10.8 billion, compared with an increase of
$13.9 billion.  Farm proprietors' income increased $2.6 billion, compared with an increase of $4.8 billion.  Nonfarm proprietors' income increased $8.1 billion, compared with an increase of $9.2
billion.

 Rental income of persons increased $2.3 billion in May, compared with an increase of $2.5 billion in April.  Personal income receipts on assets (personal interest income plus personal dividend
income) increased $3.5 billion, compared with an increase of $3.4 billion.  Personal current transfer receipts increased $1.3 billion, compared with an increase of $5.6 billion.

 Contributions for government social insurance -- a subtraction in calculating personal income -- increased $5.5 billion in May, compared with an increase of $3.7 billion in April.


Personal current taxes and disposable personal income

 Personal current taxes increased $8.2 billion in May, compared with an increase of $8.7 billion in April.  Disposable personal income (DPI) -- personal income less personal current taxes --
increased $47.8 billion, or 0.6 percent, in May, compared with an increase of $52.3 billion, or 0.6 percent, in April.

[Masherbrum]

Originally posted by 2stony
This is a "Republican" point of view. It's nice that some of us can see through the "smoke and mirrors".

Curious, is the "smoke" from Clinton's joint?  Is the "mirror" the one all of his adultresses cracked upon looking into them?

Again, Under Gore the prices for Gasoline would STILL BE THE SAME.  But under the Democrats love of Confiscatory Taxation, our titties would be twisted more.  Thank god a REpublican is in office.  

Karaya

[2stony]

Originally posted by Masherbrum:

Curious, is the "smoke" from Clinton's joint? Is the "mirror" the one all of his adultresses cracked upon looking into them?

     This horse is dead. The Republicans are probably going to being bringing up the cigar and girlfriend story for generations. I'm sure we could bring up some Republican dirt if we wanted to, but the past is past and we need to move forward.
     GET OVER IT!

[Ripsnort]

Originally posted by 2stony
Originally posted by Masherbrum:
 

     This horse is dead. The Republicans are probably going to being bringing up the cigar and girlfriend story for generations. I'm sure we could bring up some Republican dirt if we wanted to, but the past is past and we need to move forward.
     GET OVER IT!

Hey, he was searching for a legacy in the white house, he found it...perjury and subsequent impeachment.

[2stony]

Originally posted by Ripsnort:

Hey, he was searching for a legacy in the white house, he found it...perjury and subsequent impeachment.

     Well, I guess it's time to bring up Nixon. He avoided impeachment because he cut and ran.

[Ripsnort]

Originally posted by 2stony
Originally posted by Ripsnort:
 

     Well, I guess it's time to bring up Nixon. He avoided impeachment because he cut and ran.

He was smarter than clinton!  Nixons only true downfall was trying to protect those who lied while serving under him, and he knew it.  Clinton's was a "Center of the noodle Universe" downfall and lying to a grand jury!

[2stony]

I never said I approved of what Clinton did, but you all need to move on. They both screwed up and it's over.
     I'm sure there's some Republicans that were screwing around while in office, but didn't get caught at it. Look at Eisenhower. He was reputed to have had an affair with Kate Summersby, but it was never proven. That doesn't mean it didn't happen. I know, he wasn't president at the time, but that doesn't make it right. Adultry is still what it is whether you're president or not.

[TheDudeDVant]

Rip,

You need Econ101 again I think. If the dollar devalues, we have to pay more dollars for the goods we import. We import far more goods than we export. I do not understand how you consider this to be a good thing..

And guys, DoctorYO is right. Job growth is one of the, if not the biggest, leading indicators of a strong economy. Buying boats, houses, or SUVs does not mean the economy is strengthing. People borrow money to do such things. It is not a real indicator of the economy as it is not a real number as far as GDP goes.. Production from jobs is real.......

[lazs2]

It must really burn you to know that if the economy is percieved to be doing well (most voters think so) then Bush will get about a 7% boost at the polls.   Happens every election.

that is the reason kerry has dropped back so far.

lazs

[TheDudeDVant]

Thanks for the concern Lazs.. But no.. I wont feel any burning until November 8)

Actually I might this weekend.. Going paddling/camping ...  8)

[Pongo]

Originally posted by lazs2
It must really burn you to know that if the economy is percieved to be doing well (most voters think so) then Bush will get about a 7% boost at the polls.   Happens every election.

that is the reason kerry has dropped back so far.

lazs

Its just the saudis helping their owned get elected again. No change.

[-MZ-]

Originally posted by TheDudeDVant
Rip,

You need Econ101 again I think. If the dollar devalues, we have to pay more dollars for the goods we import. We import far more goods than we export. I do not understand how you consider this to be a good thing..

For Boeing it is, in the short run.