View Full Version : Economy Booming
sandy
02-22-2007, 09:34 AM
Did you know that thanks to a booming economy, tax revenues are pouring in and the deficit is shrinking? It's the best-kept secret by the mainstream media who doesn't want you to know the economy is doing so well. After all, a Republican president might benefit and we can't have that!
We are at "full employment" (less than 5%) despite up to 50 million criminal aliens here stealing American jobs. The stock market is at/near an all-time high. The housing market continues its boom in many parts of the country despite negative news reports. And the media trying to kill the market for the past 6 years!
Even interest rates on CD's is over 5%.
What a GREAT time to be an American!
http://www.csmonitor.com/2007/0221/p01s03-usec.html
TaylorHicksRocks
02-22-2007, 09:48 AM
Did you know that thanks to a booming economy, tax revenues are pouring in and the deficit is shrinking? It's the best-kept secret by the mainstream media who doesn't want you to know the economy is doing so well. After all, a Republican president might benefit and we can't have that!
We are at "full employment" (less than 5%) despite up to 50 million criminal aliens here stealing American jobs. The stock market is at/near an all-time high. The housing market continues its boom in many parts of the country despite negative news reports. And the media trying to kill the market for the past 6 years!
Even interest rates on CD's is over 5%.
What a GREAT time to be an American!
http://www.csmonitor.com/2007/0221/p01s03-usec.html
It's a secret becuase IT's not true.... get your head out of the sand and look around.....
sandy
02-22-2007, 10:18 AM
It's a secret becuase IT's not true.... get your head out of the sand and look around.....
Look at the facts, the news reports. The info is out there. The economic indicators are awesome! The liberals just want you to think America is doing poorly so you can vote for them. Then you will see how they mess it up. You can't dispute the numbers:
The stock market is booming.
So is the economy.
Interest rates are still at/near all-time lows.
We have FULL employment.
Housing is still booming.
Tax revenues are pouring in.
You can't dispute the facts.
TaylorHicksRocks
02-22-2007, 11:21 AM
Look at the facts, the news reports. The info is out there. The economic indicators are awesome! The liberals just want you to think America is doing poorly so you can vote for them. Then you will see how they mess it up. You can't dispute the numbers:
The stock market is booming.
So is the economy.
Interest rates are still at/near all-time lows.
We have FULL employment.
Housing is still booming.
Tax revenues are pouring in.
You can't dispute the facts.
Yes I can....I look around at the people looking for work...they can't find it! Then a huge plant in my area closed it doors on Dec. 23rd....Merry Christmas no bonus this year......you have to go and look for work.....You can spin things to make you happy but I do know the truth......
Kat4Ever
02-22-2007, 12:36 PM
It's called creative reconstructuring of jobs, Sandy.
How about you look that up.
A lot of Presidents - and unfortunately not just Republican ones - will use different factors to say what is or isn't a job... or who is or isn't working to 'help' their numbers.
Bush has absolutely skewed the numbers to make it appear that more Americans are working.. when it's an undeniable fact that more have lost jobs, that more plants have closed, that more factories are out of business... over his tenure than anybody in recent history.
More customer service and technical jobs have gone overseas... and him and his cronies ALL say outsourcing is a good thing for our economy.
Call AT&T long distance for a complaint or service and see which country you end up talking with... it's a joke. Or technical support on your Dell computer.... hope you speak a little Indonesian.
Those are the facts.
The stock market is booming because it generally has to do with big business... which tends to thrive (as far as market shares) under a Republican President.
When the President of a corporation gets rich... and the shareholders are getting rich off of almost 'slave' profits from the working class... then the stock market booms.
That has NOTHING to do with middle America. Nothing.
And the housing market is not booming... whoever told you that or reported that is flat out lying. It's at it's lowest in years as well.
Ford is considering or may have even started closing plants by now. 2 Ford dealerships just went out of business here in Kansas City... and they are VERY worried that the plant here in town might shut down putting 5000+ out of business.
Interest rates are low because the economy is in such bad shape and they have to be low for anyone to be able to afford anything.
Is there anything you can't or won't spin??????
K4E, I agree that (for political purposes) every administration has manipulated the job figures. It's not just isolated to the Donkeys or Elephants. Were a Whig in office now they'd be doing the same thing.
As far as the economics, the stock market is booming due to demographics (the big bow wave of baby boomers kids have moved out/graduated from college and they now have a lot of disposable income) and the 'business cycle'. Governmental fiscal (taxation) policies can impact this some, but not typically have major influence over it (unless there are major changes in fiscal policy). In our current (alleged) two party system, there is little or no difference in the two parties. So there will likely be no sea change in government fiscal policies, only trimming on the edges.
As far as Ford is concerned, yes, they're in serious financial trouble and may get downgraded to 'junk bond' status unless they have some major changes. A lot of that is down to management, but labor also has a stake in that as well (read up on the jobs bank that the unions have set up). Ford is indeed a sad situation and parties on all sides share some of the blame for the mess they're in.
Some of the corporate greed could be slowed by some simple legislative changes to the accounting practices (for example, making stock options to executives carry a charge against earnings, which they currently don't). While Bush has mentioned 'corporate greed' and executive compensation in a few stump speeches, he's yet to invest any political capital in making those changes happen. Talk the talk without walking the walk.
But given the demographics mentioned above, if you think the economy is a mess now, just wait until that bow wave of boomers start to draw their 401(k) funds out of the stock market. Look at the economic crash Japan (which doesn't have a big illegal immigrant problem like we do) went through about ten or so years ago. When that hits here it will make the Japanese depression look like a minor market correction. While the market looks great today from a "gee my portfolio sure looks good today" perspective, in the macro view it doesn't look great.
TaylorHicksRocks
02-22-2007, 02:42 PM
K4E, I agree that (for political purposes) every administration has manipulated the job figures. It's not just isolated to the Donkeys or Elephants. Were a Whig in office now they'd be doing the same thing.
As far as the economics, the stock market is booming due to demographics (the big bow wave of baby boomers kids have moved out/graduated from college and they now have a lot of disposable income) and the 'business cycle'. Governmental fiscal (taxation) policies can impact this some, but not typically have major influence over it (unless there are major changes in fiscal policy). In our current (alleged) two party system, there is little or no difference in the two parties. So there will likely be no sea change in government fiscal policies, only trimming on the edges.
As far as Ford is concerned, yes, they're in serious financial trouble and may get downgraded to 'junk bond' status unless they have some major changes. A lot of that is down to management, but labor also has a stake in that as well (read up on the jobs bank that the unions have set up). Ford is indeed a sad situation and parties on all sides share some of the blame for the mess they're in.
Some of the corporate greed could be slowed by some simple legislative changes to the accounting practices (for example, making stock options to executives carry a charge against earnings, which they currently don't). While Bush has mentioned 'corporate greed' and executive compensation in a few stump speeches, he's yet to invest any political capital in making those changes happen. Talk the talk without walking the walk.
But given the demographics mentioned above, if you think the economy is a mess now, just wait until that bow wave of boomers start to draw their 401(k) funds out of the stock market. Look at the economic crash Japan (which doesn't have a big illegal immigrant problem like we do) went through about ten or so years ago. When that hits here it will make the Japanese depression look like a minor market correction. While the market looks great today from a "gee my portfolio sure looks good today" perspective, in the macro view it doesn't look great.
This is true.....my son has his money in the market....He had 10,000 given to him by his grandma and we just moved that from a savings account into a College Fund.....I guess that will hit pretty hard when these kids with college funds grow up and take the money out things will look a little dismal too.....not as bad as the 401K though I never thought about that.....
I have a friend back home that has been working for GM and they are closing down too.....he has to relocate in order to have a job that paid him what he was getting paid there.......He is divorced and will not see his sons as often....
Kat4Ever
02-22-2007, 03:19 PM
As far as Ford is concerned, yes, they're in serious financial trouble and may get downgraded to 'junk bond' status unless they have some major changes. A lot of that is down to management, but labor also has a stake in that as well (read up on the jobs bank that the unions have set up). Ford is indeed a sad situation and parties on all sides share some of the blame for the mess they're in.
I'm not a big union supporter.
I do support most 'buy American' initiatives but if the product is inferior (and most American made cars are) then I'm not.
I guess I'm a me-first kind of guy.
So although I feel bad for Ford and GM... perhaps they should be more concerned about the crap products that they generally put out compared to their foreign competitors... rather than bumping up prices and paying extravagant salaries to their officials.
I'm not a big union supporter.
I do support most 'buy American' initiatives but if the product is inferior (and most American made cars are) then I'm not.
I guess I'm a me-first kind of guy.
So although I feel bad for Ford and GM... perhaps they should be more concerned about the crap products that they generally put out compared to their foreign competitors... rather than bumping up prices and paying extravagant salaries to their officials.
I agree unions do have their purpose. But in a lot of cases (UAW and the "Big 3" especially) they've negotiated themselves out of work. The salary demands of the UAW are atrocious to the point that the US automakers can no longer remain profitable with the contracts they have. For example, a typical wage for a forklift operator is somewhere between $43k - $50k. A UAW forklift operator is paid around $100k. Shame on the UAW for pushing that and shame on the auto makers for agreeing to it.
Now the Japanese are moving over here (without the heritage UAW contracts and the pensions) and can easily sell a superior product for the same price. The US auto makers can't even close a plant and stop all the bleeding since the UAW 'negotiated' the jobs bank. Basically, if they close a plant they have to guarantee the current UAW employees work for a number of years (depending on their seniority). So a money losing plant shuts down, production ceases (and there is no longer income from said production) but they still have to pay employees regardless. This is killing the goose that laid the golden egg.
And I'm only using the UAW as an illustration. The US steel industry wsa killed off in similar fashion. It's a shell of what it once was.
As far as executive compensation, if you've read that book "In Search of Excess" it will truly make you sick. The senior execs have bled the US corporations dry as bad as the unions. In other words, neither side is innocent here.
sandy
02-22-2007, 04:24 PM
I tend to favor Japanese cars made here and Italian cars. I still say the economy is great despite up to 50 million criminal aliens draining it.
TaylorHicksRocks
02-22-2007, 04:40 PM
I tend to favor Japanese cars made here and Italian cars. I still say the economy is great despite up to 50 million criminal aliens draining it.
You just can't let go of anything........:p
RushDog
02-22-2007, 05:13 PM
I tend to favor Japanese cars made here and Italian cars. I still say the economy is great despite up to 50 million criminal aliens draining it.
I tend to prefer foreign cars as well. They last longer, and are much better quality.
yayamiddlesister
02-22-2007, 10:24 PM
I tend to prefer foreign cars as well. They last longer, and are much better quality.
TOYOTA! I bought a 2007 Toyota Camry LE in May and my husband drives a Tundra, which makes 6 Toyotas we've owned. They do last a long time!
sandy
02-23-2007, 07:29 AM
Toyota's are great. I have had really good experiences with them, Mitsubishis, Hondas, and their big brothers Infiniti, Lexus, and Acura.
Have you seen the Mistu "i"? It's the cutest little thing for driving around town.
http://www.autobloggreen.com/2006/11/16/mitsubishi-i-named-the-2007-japanese-car-of-the-year/
I tend to prefer foreign cars as well. They last longer, and are much better quality.
We're a 'mixed' family. Wife drives Hondas and has for years. Given the success she's had with them I can see why. She's gotten WAY past a quarter million miles on her 94 Del Sol and it's still going strong (only now needs new CV joints). It still gets over 30 mpg and uses no oil. Her previous Civic went almost 400k before she sold it.
But since we live near the coast we need to be able to evacuate for a hurricane. After working with a lot of Katrinites, we know that if we evacuate if we don't take it with us we won't have it. So we need a LARGE truck. So I drive a Dodge-Cummins. 21 mpg and diesel fumes........
TaylorHicksRocks
02-23-2007, 09:05 AM
We're a 'mixed' family. Wife drives Hondas and has for years. Given the success she's had with them I can see why. She's gotten WAY past a quarter million miles on her 94 Del Sol and it's still going strong (only now needs new CV joints). It still gets over 30 mpg and uses no oil. Her previous Civic went almost 400k before she sold it.
But since we live near the coast we need to be able to evacuate for a hurricane. After working with a lot of Katrinites, we know that if we evacuate if we don't take it with us we won't have it. So we need a LARGE truck. So I drive a Dodge-Cummins. 21 mpg and diesel fumes........
Always be prepared.....you have to be.....Myself I drive a Toyota a 2002 and don't even have 50,000 miles on it yet......
I tend to favor Japanese cars made here and Italian cars.
Italian cars? Don't you know what "FIAT" stands for?
Fix It Again Tony
or
Feeble Italian Attempt at Transportation
TaylorHicksRocks
02-23-2007, 01:15 PM
Italian cars? Don't you know what "FIAT" stands for?
Fix It Again Tony
or
Feeble Italian Attempt at Transportation
That reminds me of Ford
Fix or repair daily or Found On Road Dead!:yelrotflm
sandy
02-23-2007, 07:15 PM
LOL! Lamborghinis and Ferraris only.:)
No Fiats or Alphas, thank you.:)
sandy
03-29-2007, 12:30 PM
U.S. Economy Expands at a 2.5 Percent Annual Rate,
Faster Than Estimated...
President George W. Bush is doing such a remarkable job on the economy.
I thank God he's my president.
Happy Days!! :D
TaylorHicksRocks
03-29-2007, 12:31 PM
yeah right and I am a multi millionaire..:rolleyes:
U.S. Economy Expands at a 2.5 Percent Annual Rate,
Faster Than Estimated...
President George W. Bush is doing such a remarkable job on the economy.
:D
Misconception. The President doesn't 'fix' the economy. It's driven primarily by market forces and the business cycle. Government policies (enacted by Congress and implemented by the President) can adjust the course a tad, but don't have the major impacts that people believe they do. Even VonMises agrees with that.
TaylorHicksRocks
03-29-2007, 12:53 PM
Misconception. The President doesn't 'fix' the economy. It's driven primarily by market forces and the business cycle. Government policies (enacted by Congress and implemented by the President) can adjust the course a tad, but don't have the major impacts that people believe they do. Even VonMises agrees with that.
Uh-Oh you didn't know you can't disagree with Sandra.....:p
sandy
03-29-2007, 07:43 PM
If he gets crucified when something is bad then he gets praised when something is good. Fair is fair.;)
TaylorHicksRocks
03-29-2007, 08:12 PM
My brother and his wife just had a baby girl......now if only they could find all that money from the economy booming they sure could use it...both work full time and both have masters degree's but with the job market the way it is and having to pay back student loans...they are struggling....:(
sandy
03-29-2007, 08:25 PM
The job market is wonderful. The unemployment rate is 4.4%--full employment. (Despite 20+ million criminal aliens taking jobs.) Anyone can find a job if they really want it. Sometimes they have to settle for less than they want depending where they live. The key is to live where the highest demand for your skills are. Student loans are a part of life for some people.
If I was blue collar/worked the trades, I'd be ticked off. I hear about truckers and construction guys losing jobs to criminal aliens who work for less. :(
TaylorHicksRocks
03-29-2007, 08:26 PM
post a current link please to support your claims.....
sandy
03-29-2007, 08:37 PM
Rex turned in a story 5 days ago when the rate was 4.5%
It's now 4.4% in NY and other areas. It depends where you live.
"Over time, growth below the economy's potential of about 3% should reduce capacity restraints that could fuel inflation. However, the U.S. unemployment rate's still very low at 4.5%. Industrial capacity utilization rates have fallen as the factory sector slowed."
http://www.smartmoney.com/bn/ON/index.cfm?story=ON-20070329-000906-1249
I don't know where your brother lives so here's a chart. Hopefully he lives in a low rate area.
http://money.cnn.com/pf/features/lists/state_unemployment/index.html
TaylorHicksRocks
03-29-2007, 08:45 PM
It hasn't improved......taken from your link....
The national unemployment rate rose to 4.6 percent in January from 4.5 in December. The unemployment rate for those with a college degree or higher rose even more, climbing to 2.1 percent from 1.9 percent in the December reading. The state numbers below are for December and were released on Jan. 23.
SlighDawg
03-29-2007, 09:03 PM
I see all the jobs in FL are for the service/hospitality sector and for nurses to change old people's diapers.
If you want to feed people crap, or empty the crap they just ate... come to Florida!
TaylorHicksRocks
03-29-2007, 09:08 PM
I see all the jobs in FL are for the service/hospitality sector and for nurses to change old people's diapers.
If you want to feed people crap, or empty the crap they just ate... come to Florida!
Lol it's funny you said that my sister lived in Ft. Myers and guess what she did....both!!
SlighDawg
03-29-2007, 09:09 PM
See, I'm just sayin...
TaylorHicksRocks
03-29-2007, 09:10 PM
What you are saying is the truth....:eek:
sandy
03-29-2007, 09:24 PM
Criminal aliens took many good jobs in FL--especially construction and trucking. My friends there say they pay $25/hr cash to get their houses cleaned. Most companies use hispanics who don't speak English. My friends demanded English-speaking women and were told 'no.' They chose new companies.
TaylorHicksRocks
03-29-2007, 09:27 PM
Criminal aliens took many good jobs in FL--especially construction and trucking. My friends there say they pay $25/hr cash to get their houses cleaned. Most companies use hispanics who don't speak English. My friends demanded English-speaking women and were told 'no.' They chose new companies.
Well I grew up in San Antonio and I can tell you 20 years ago most of the consruction workers spoke only spanish so nothing has really changed...
Hydra Sports
03-30-2007, 05:16 AM
Yea THR so let's just keep it the same with all the illegals having the jobs. That makes sence. I say don't come to the US if you can't speak English. That is the number one priority... other then breaking the law to come to this country in the first place.
I can't wait till ICE does some more crak downs and busts a lot more illegals. Screw these people who hire them. Nothing gives me a smile like hearing how scared all the illegals are to go to work for fear of getting arrested. :D
sandy
03-30-2007, 08:16 AM
Plenty has changed in the past 20 years. America is full of 20-50 million criminal aliens who are ruining this country. We can't even guess how many are here. It's like roaches/termites.
The 1986 Amnesty act was the beginning of the end of America. I purposely won't shop anywhere I think they might work.
They are stealing our jobs, our healthcare, our welfare, our education, and ruining our neighborhoods/country. I want them ALL out.:(
Yeah, they should have started a long time ago.....
Like when those damn criminal alien pilgrims came here....
TaylorHicksRocks
03-30-2007, 10:15 AM
Yeah, they should have started a long time ago.....
Like when those damn criminal alien pilgrims came here....
Damn those Pilgrims look what they have done.....
Damn those Pilgrims look what they have done.....
What is the first thing those damn criminal alien pilgrims did when they
landed......defaced a rock with their pilgrimy graffiti....
TaylorHicksRocks
03-30-2007, 10:36 AM
What is the first thing those damn criminal alien pilgrims did when they
landed......defaced a rock with their pilgrimy graffiti....
I know it's hard to believe they were allowed to stay! Why weren't they fried?
I know it's hard to believe they were allowed to stay! Why weren't they fried?
I don't think the Indians were into fried foods at the time. Though fried turkey is pretty good.
TaylorHicksRocks
03-30-2007, 10:59 AM
I don't think the Indians were into fried foods at the time. Though fried turkey is pretty good.
Well I don't think they knew how to fry but if they did they could have fried both a turkey and those darn pilgrims!! Yikes maybe they would have eaten everything and used the bones perhaps to fashion weapons......
sandy
04-01-2007, 02:23 PM
More great economic news. Consumers spent more in February as their incomes showed strong gains. :)
The Commerce Department reported that consumer spending was up 0.6 percent last month, the best showing since December, while personal incomes also rose by 0.6 percent. :)
Both figures were double what had been expected.
The 0.6 percent increase in incomes followed an even bigger 1 percent surge in January. The 0.6 percent rise in consumer spending followed a 0.5 percent January increase and was the best showing since a 0.7 percent jump in December, during the all-important Christmas shopping season. :)
What great news!
RushDog
04-01-2007, 03:24 PM
More great economic news. Consumers spent more in February as their incomes showed strong gains. :)
The Commerce Department reported that consumer spending was up 0.6 percent last month, the best showing since December, while personal incomes also rose by 0.6 percent. :)
Both figures were double what had been expected.
The 0.6 percent increase in incomes followed an even bigger 1 percent surge in January. The 0.6 percent rise in consumer spending followed a 0.5 percent January increase and was the best showing since a 0.7 percent jump in December, during the all-important Christmas shopping season. :)
What great news!
.........HUA!:D
sandy
04-01-2007, 10:25 PM
Lol! :d
Hua! ;)
The damned green smiley didn't work again...
sandy
04-16-2007, 07:19 PM
Wall Street boosted by earnings, new data:
Healthy increase in spending renews optimism about the economy.
The DOW was up 108 today. A healthy increase in consumer spending renewed investors’ optimism about the economy.
The Commerce Department reported that consumers spent strongly last month, sending retail sales up by about 0.7 percent.:)
The Dow is within about 66 points of its all-time closing high of 12,786.64.
The Commerce Department reported businesses increased their inventories by 0.3 percent in February, the largest increase in five months. The New York Federal Reserve also reported that its regional manufacturing activity expanded in April.
What a great time to be an investor in the best country in the world.:boldred: