Aces High Bulletin Board

General Forums => The O' Club => Topic started by: Ripsnort on August 13, 2003, 07:57:52 AM

Title: The U.S. economy
Post by: Ripsnort 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....
Title: The U.S. economy
Post by: CptTrips on August 13, 2003, 08:23:14 AM
Its all George Bush's fault!

:eek: :cool:
Wab
Title: The U.S. economy
Post by: Ripsnort on August 13, 2003, 09:18:26 AM
Also, unemployment is down in July, largely offsetting increases in June.
Title: The U.S. economy
Post by: Dead Man Flying 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
Title: The U.S. economy
Post by: Krusher 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 !!
Title: The U.S. economy
Post by: NUKE 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.
Title: The U.S. economy
Post by: Ripsnort 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)
Title: The U.S. economy
Post by: Frogm4n 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.
Title: The U.S. economy
Post by: miko2d 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
Title: The U.S. economy
Post by: NUKE 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?
Title: The U.S. economy
Post by: Frogm4n 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.
Title: The U.S. economy
Post by: Holden McGroin 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?
Title: The U.S. economy
Post by: Eagler on August 13, 2003, 01:54:35 PM
tell us all about it parents supported college boy :rolleyes:
Title: The U.S. economy
Post by: Frogm4n on August 13, 2003, 01:57:46 PM
sounds like someone is jealous  ^^^^
Title: The U.S. economy
Post by: midnight Target 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?)
Title: The U.S. economy
Post by: ra on August 13, 2003, 02:52:01 PM
Quote
Originally posted by midnight Target
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.

All true, but I don't think our current problems are entirely cyclical.  High paying jobs are going overseas faster than they can be created here, regardless of the state of the economy.   Just because the economy has dipped doesn't mean we're due for a recovery.  The question is whether or not the economy can recover while so many of the highest-spending consumers are pinching pennies because they are unemployed, underemployed, or fearing both.

ra
Title: The U.S. economy
Post by: midnight Target on August 13, 2003, 02:55:54 PM
Some of those jobs are going overseas because we don't have the people here to fill them. I am a member of our County's council on Manufacturing and Education. There is a predicted gap in "skilled" employees and jobs of 10 million over the next 5 years. In other words... we aren't training our young folks to be good wage earners very well.

If you can't fill the jobs here, take the work elsewhere.
Title: The U.S. economy
Post by: Eagler on August 13, 2003, 03:08:50 PM
Quote
Originally posted by Frogm4n
sounds like someone is jealous  ^^^^


That's it! I want to be you - LOL

I have warts older than you - and smarter :)
Title: The U.S. economy
Post by: Ripsnort on August 13, 2003, 03:20:22 PM
Quote
Originally posted by Frogm4n
. 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.


I'm not stupid enough to believe that any administration is directly tied to the economy (although it seems plenty of youngsters in College like you are quick to Credit Clinton for the Tech boom)  My post is simply to show that this economic downturn which began in March 2000 (Pre-Bush) is now recovering.  Thats good news for everyone except those that follow the Democratic party lines like a good Jack boot Nazis :D because in the end, people usually ask themselves "How am I doing financially?" prior to going to the polls.
Title: The U.S. economy
Post by: Ripsnort on August 13, 2003, 03:21:08 PM
Quote
Originally posted by midnight Target
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?)


{Thump..} {Rip hits the floor unconscience)
Title: The U.S. economy
Post by: mietla on August 13, 2003, 03:35:19 PM
Quote
Originally posted by midnight Target
... In other words... we aren't training our young folks to be good wage earners very well..


Earners schmerners, but they have a very high self-esteem and they are highly skilled with cucumbers and condoms. :)
Title: The U.S. economy
Post by: Dnil on August 13, 2003, 05:15:08 PM
I think MT is probably pretty conservative.  Most people I have met that are left leaning, when you go point by point are pretty darn conservative, at least fiscally.

Its the extremes both ways that drive me nuts.
Title: The U.S. economy
Post by: Stringer on August 13, 2003, 08:41:23 PM
If Bush doesn't watch it, all any Democrat who paid attention in 1980 has to do is to repeatedly ask this question:

"Are you better off than you were 4 years ago?"

or some variation thereof.