Author Topic: UH OH libbies and bush haters...tax cuts are working (Read 1165 times)

Horn · « **Reply #45 on:** October 02, 2003, 01:32:20 PM »

Quote

Originally posted by _Schadenfreude_
http://money.cnn.com/2003/10/02/news/economy/jobless/index.htm?cnn=yes

Jobless numbers up by nearly 400,000 in the last week....yep looking like it's just peachy over there.......

..and home foreclosures are up 46% over last year in the Denver area. Yeah, it's Just Swell.

h

muckmaw · « **Reply #46 on:** October 02, 2003, 01:51:51 PM »

Quote

Originally posted by _Schadenfreude_
http://money.cnn.com/2003/10/02/news/economy/jobless/index.htm?cnn=yes

Jobless numbers up by nearly 400,000 in the last week....yep looking like it's just peachy over there.......

You are reading that data incorrectly.

The number 400,000 is initial jobless claims, but it is not a net number.

In other words, last week in the USA, 400,000 people could have gotten jobs last week, and a different 400,000 could have lost their jobs, and even though the unemployment level would be unchanged, that number would report a loss of 400,000 jobs.

I hope this help clarify. Bottom line, the unemployment rate in the US, released tomorrow is expected to by about 6.2%

_Schadenfreude_ · « **Reply #47 on:** October 02, 2003, 02:29:42 PM »

mmm thinks it's 4.1 percent in old socialist britain presently...

muckmaw · « **Reply #48 on:** October 02, 2003, 02:34:25 PM »

Quote

Originally posted by _Schadenfreude_
mmm thinks it's 4.1 percent in old socialist britain presently...

O.K., terrific!

Thrawn · « **Reply #49 on:** October 02, 2003, 05:46:50 PM »

Yet me get this straight. Bush wasn't responsible the economy going in the crapper. The economy works in cycles.

But Bush is responsible for the supposed recovery??

muckmaw · « **Reply #50 on:** October 02, 2003, 06:03:20 PM »

Quote

Originally posted by Thrawn
Yet me get this straight. Bush wasn't responsible the economy going in the crapper. The economy works in cycles.

But Bush is responsible for the supposed recovery??

First part yes. Second part no.

Bush or any president has little if any effect on the overall economy. Very few people realize this though and as you well know, must elections are decided by the state of the economy at the time of polling. Stupid? You betcha. But it's the world we live in.