BAD NEWS FOR THE DEMOCRATS

Limpbaugh will say today

http://story.news.yahoo.com/news?tmpl=story&u=/dowjones/20030731/bs_dowjones/200307310846001111

Before I even got to work today, I heard that May Department Stores are closing a number of Lord & Taylor stores.

Then I read of more lay-offs after getting to work.

Can't we fire LIMBAUGH instead? He's been a parasite long enough.

is leaving Houston. I wonder if they'll stay in Dallas?

l&t is closing a huge store in white marsh mall (white, yuppie land).

That is PATHETIC.

Anyone who brags about that kind of "growth" really needs a reality check.

And note: if you don't like seeing Blimpbaugh on ESPN, STOP LISTENING TO HIS RADIO SHOW.

someone has to keep an eye on their advertisers

Spending by the federal government jumped, with a rise in defense spending attributed to the war in Iraq. Federal spending rose by 25.1%, the largest amount since 1967. This more than offset a slight decline in spending by state and local governments. Defense spending spiked 44.1%, the largest amount since the Korean War. The increase in government spending added 1.4% to GDP for the second quarter.

Bet Limbaugh won't mention this telling fact!!

:kick:

Message removed by moderator. Click here to review the message board rules.

Message removed by moderator. Click here to review the message board rules.

the Democratic "message" stays mired in the Centrist Corporate view of the world, and the quarter-to-quarter cycles in these stupid reports.

There is a fundamental restructing of our economythat is a deconstruction of the principles that created a middle class in the first 75 years of the 20th Century. The "prosperity" of the 90's bypassed many, and many fell further back as Corporate Monopolies were built and the income gap widened.

Until the Democrats start talking about the Big Picture, they will be vulnerable to the economic cycles like this.

i'm with you -- this is not ''economics'' -- the whole system is rigged and rotten.

"In what North Carolina officials are calling the largest mass job loss in state history, Pillowtex Corp. closed its 16 plants in the United States and Canada on Wednesday andterminated 6,450 workers, more than 4,000 of them in North Carolina."

http://www.news-record.com/news/local/rock/pillowtex31.htm

EVERY quarterly growth figure under the * misAdministration has been revised downwards after a couple of months.

They are utterly incapable of telling the truth.

I know that quite a few of them have been, but has every single quartely growth estimate been revised downward? Can this be documented?

I can't recall a single quarter that wasn't revised in the wrong direction later. These stupid revisions have kept us arguing whether we've been in a recession or not long after the fact. Thanks for the corroboration, good to know that my memory is reliable.

eom

But before I start running hysterically in circles, I would like to point out that an increase in the total economy doesn't mean squat to people who are still unemployed. And, as the article states, the increase is due to bloated government spending in Iraq. So Halliburton makes a few extra billions and the economic stats go up - but the situation doesn't change for everyone else. Even worse, we're stuck with the debt.

because more people bought houses when the rates were low.Now that the rates are going up,many fewer houses will be bought, spending on durable goods DOWN again.

Thus, the most dependable predictor of near-term economic futures will show DOWN.

Oh, but spinning will keep keep the market alive. Unfortunately, the market is not the economy, which cannot absorb the impact of all these LONG-TERM laid off workers, who really should be classified PERMANENTLY UNEMPLOYED AND UNDEREMPLOYED.

but at some time the stock market must reflect the broader economy.

You can not have sluggish growth , rising unemployment and a permanently rising stock market. They are mutually exclusive.

The market's rise seems to be predicting an upturn in the broader economy. If this upturn doesn't materialize the market will fall again .

Is this another bear market rally?

Time will tell

Don't forget the Dow was at the same level in 1982 as it was in 1966. It bounced around alot though ,same thing with the period between 1932 and 1949.

If I had to make a wag -wild assed guess I would presume the economy will be in the same place a year from now-mediocre-not great or awful.

Blood money.

You are right, though: This is not,in a sense, "good" news for we shrub-trimmers. I do hope this translates into jobs for some of those now hurting form the Bush & Co. mismanagement, but the real problems are down the road, when the bill comes due for the artificial stimuli engineered by the Greed Head in Chief.

Let's not forget, however, the lies, lies, lies are still out there festering.

like rock beats sciccors

Bush can run around screaming about a good economy all he wants... if people keep losing their jobs it's not going to matter.

Unemployment is at record levels. Debt is at record levels. The deficit is skyrockesting. But stocks aren't doing bad. Most Americans don't get any income from stocks. So who cares?

Unemployment reached 10.8% under Reagan and 7.8% under Papa Bush.

administration. I would call that "record" setting - at least post-Depression record setting.

I think Bush is a horrible econmic steward.

He inherited the greatest economy in the history of the Republic and drove it into a ditch.

Layoffs are happening in all sectors. Small companies are having a hard time surviving in a country where big business receives monstrous tax breaks and incentives, and then proceeds to send jobs overseas. Entrepreneurial spirit is being crushed.

I have been a successful salesperson for 9 years, overachieved my quotas, qualified for Presidents Club, etc.

There is no guarantee anymore...it's depressing.

So, if a little war makes our economy improve, let's have more!!
(sarcasm off).

but we'll see.

I don't see any more big wars coming




hopefully.

the bushivics expected far higher growth due to tax cuts to grow us out of the deficicts.

While it does supply some paychecks for armaments workers and soldiers, the end product is usually BLOWN THE FUCK UP leaving the nation at a net loss.

The conservative doctrine postulates that government spending NEVER HELPS THE ECONOMY!, only tax give aways to the extremely wealthy and fat corporations can prime the pump!

The Democrats have concrete PROOF in this example that goverment spending CAN INDEED PUSH THE ECONOMY! We would ALL be much better off if this government spending was used in JOBS PROGRAMS and PUBLIC WORKS projects. Then we would have something to show for our money besides dead, maimed, burned bodies and radioactive, polluted environs.

If the economy is improving, it is the GOVERNMENT SPENDING in the defense sector that is doing it, not the stupid tax cuts which do nothing on the demand side.

Defense Spending Driving U.S. Economy.
http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=749&e=1&u=/nm/20030731/bs_nm/economy_dc

If this translates into jobs, all of the Dems running solely on the economy are screwed -- Lieberman, Edwards, et cetera. This puts anti-war people like Dean, Graham, perhaps Gore, Clark, etc. in a stronger position.

GDP growth without jobs growth doesn't help the unemployed. Bush's weakness is unemployment, not GDP.