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Author Topic: The U.S. economy  (Read 667 times)

Offline Ripsnort

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The U.S. economy
« on: August 13, 2003, 07:57:52 AM »
"Its getting betta all the tiiiii-ime, betta, betta betta, all the time.."

Monthly Wholesale Trade up 1.5% (up 3.9 percent from the June 2002 level)
http://www.census.gov/svsd/www/mwts0306.html

GDP increase of 2.4%
http://www.bea.gov/bea/newsrel/gdp203a.htm

Commerce dept. expected to release another economic indicator report today, not sure what it contains though.  Consumer confidence is up, and the stock market is doing good in what is usually a lull during the summer...hmmmm....
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Offline CptTrips

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« Reply #1 on: August 13, 2003, 08:23:14 AM »
Its all George Bush's fault!

:eek: :cool:
Wab
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Offline Ripsnort

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« Reply #2 on: August 13, 2003, 09:18:26 AM »
Also, unemployment is down in July, largely offsetting increases in June.
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Offline Dead Man Flying

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« Reply #3 on: August 13, 2003, 09:26:18 AM »
Public perception of the state of the economy always lags behind the actual state of the economy.  That said, this should allow enough lead time for perception to match reality by November, 2004 should the economy continue to improve.  That's good news for Bush.

-- Todd/Leviathn
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Offline Krusher

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« Reply #4 on: August 13, 2003, 12:15:05 PM »
BTW while defending the Davis govenorship Hillary Clinton actually admitted the US economy was getting better.

hell is freezing over !!
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Offline NUKE

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« Reply #5 on: August 13, 2003, 12:17:09 PM »
Bush's tax cuts and the war on terror are ruining our ecomony, we will all die soon.
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Offline Ripsnort

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« Reply #6 on: August 13, 2003, 12:27:34 PM »
Quote
Originally posted by NUKE
Bush's tax cuts and the war on terror are ruining our ecomony, we will all die soon.


There there, Lord Dolf Vader, all will be well (gives hug)
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Offline Frogm4n

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The U.S. economy
« Reply #7 on: August 13, 2003, 01:15:02 PM »
if you took a basic economics class you would understand the GDP is a cooked number. Not a good way to judge an economy's growth.
Best way to do it is by counting jobs created. there have been 4million lost in the past 3 years. first time ever that a president has not created jobs while in office. Keep lieing to yourselfs about bush's "goodwork". He lies to you ,and you eat it right up so im guessing your used to it ripsnat.
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Offline miko2d

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« Reply #8 on: August 13, 2003, 01:33:41 PM »
Frogm4n: Best way to do it is by counting jobs created.

 Not necessarily. If you waste your working capital in order to employ people for projects that prove non-productive, you will end up worse than before after the resources are wasted.

 Plenty of people were employed building the telecom and dot-com infrastructure in the 90s. A lot of what they've built is now useless and the resources wasted.

 When a boom is caused by monetary expansion by the government rather than real saving, the capitalists get misled into starting projects which they cannot complete or make profitable because of lack of real funding.

 miko
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Offline NUKE

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« Reply #9 on: August 13, 2003, 01:34:13 PM »
Quote
first time ever that a president has not created jobs while in office.


how does a President create jobs?
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Offline Frogm4n

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« Reply #10 on: August 13, 2003, 01:43:32 PM »
well this president thinks giving huge tax breaks to the top 1 percent will create jobs. Or maybe giving no bid contracts to his buddys company.
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Offline Holden McGroin

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« Reply #11 on: August 13, 2003, 01:43:44 PM »
He hires a Chief of Staff, a Press Secy, lots of folks.  Ever watch the West Wing?
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Offline Eagler

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« Reply #12 on: August 13, 2003, 01:54:35 PM »
tell us all about it parents supported college boy :rolleyes:
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Offline Frogm4n

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« Reply #13 on: August 13, 2003, 01:57:46 PM »
sounds like someone is jealous  ^^^^
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Offline midnight Target

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« Reply #14 on: August 13, 2003, 02:32:55 PM »
Anyone in manufacturing will tell you that employment is a lagging indicator. As the market improves anyone worth his salt will try to get the increased number of products demanded to the market without expending any more capital for labor (and its attached overhead) than is necessary. Eventually you need to expand your labor force to meet market demands or lose the sales, but like I said.... no rush to spend money.

(that sounded pretty dang conservative didn't it?)
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