our economy is booming?

where do they come up with this shit? i assume they simply say it repeatedly, therefore it's true.

is YOUR economy booming?

but for large corporations...Corporate America is sitting on more cash than they have ever had in history. Earnings are high, incomes for top management is great...Average all the numbers out and you get nice looking top line numbers. Watch FOX, they will have you thinking you are a loser for being less than rich, and an idiot for not knowing how to take advantage of the good times.

their idiotic audience that aren't rich, that the economy is great, and they will eventually get thier piece of the pie--just by believing in the saviour, their god of greed incarnate--the boy king.

How anyone that is squarely middle class could vote for those guys, screwing themselves in the process is beyond me.

evil libruls, who want to take your money and buy some welfare queen a Cadillac, you forgot that one.

It's so much easier for members of the "Party of Personal Responsibility" to never take any, simply find a scapegoat to blame all their troubles on.

:hi: Of course,they aren't getting their fair share because some evil Union of teachers, nurses or firefighters has taken it all for themselves at least that's the portrait gov. musclehead has painted here in CA.

Isn't it interesting that the Party of Personal Responsibility is really an elaborate pyramid scheme that robs from the middle class to give to the rich making them uber rich?

argument against women's liberation in the 60s

The economy is doing well but the money is being retained at the upper income/corporate levels and not filtering down to the general populace. As a result, you get good indicators but the poor are increasingly poor.

The rich by definition are rich, meaning they have enough money to buy whatever they want whenever they want...Therefore, no NEED to spend more or invest more just because they have more!!!

They spend the money immediately and locally. They don't hold onto it and they don't take it overseas.

Unemployment Rate:
5.0% in Nov 2005

Change in Unemployment Level:
+149,000 in Nov 2005

Change in Employment Level:
-52,000 in Nov 2005

Change in Civilian Labor Force Level:
+97,000 in Nov 2005

Civilian Labor Force Participation Rate:
66.1% in Nov 2005

Employment-Population Ratio:
62.8% in Nov 2005

<link> http://www.forecasts.org/gdp.htm <link>

It is O.k. bordering on bleh, we're fine for the moment but could do a helluva-lot better.

"GM has closed eight plants in North America and shed more than 127,000 factory jobs since 1992. But short of a major sales turnaround, analysts predict, GM will be forced to close additional assembly and parts plants over the next few years."

http://www.indystar.com/apps/pbcs.dll/article?AID=/20050427/BUSINESS/504270393/1003

"Earlier this year, Ford eliminated 1,100 salaried positions through a combination of buyouts and early retirement packages.

It also cut 10 percent of its contract employees. The company said it wanted to cut another 5 percent of its 35,000-strong North American salaried work force by Oct. 1."

http://www.detnews.com/2005/autosinsider/0510/02/B01-333910.htm

Airline layoffs blow to Bay Area
Thousands of affiliated jobs in peril, service cuts inevitable

http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/09/20/MN173249.DTL

Delta to cut 13,000 jobs

http://www.usatoday.com/money/biztravel/2001-09-26-delta-cuts.htm

http://www.isi.edu/geoworlds/geotopics/bydate/date200109261900/barchart_keywords_world_world15.html

Business: The Company File

Airline lays off 27,500 workers

http://news.bbc.co.uk/1/hi/business/the_company_file/163395.stm

Bethlehem Company Trying To Secure Cash To Avoid Bankruptcy

http://www.smeal.psu.edu/news/innews/aug01/bankruptcy.html

Great Lakes Chemical to Cut 400 Jobs in Consolidation

http://www.chempoint.com/industrynewsdetails.asp?DocumentName=20031030_GreatLakes&index=22

BASF's market value: a string of chemical plant layoffs and closures pinch the parish's pocketbook

http://www.findarticles.com/p/articles/mi_m5012/is_19_22/ai_n6082305

Mass layoffs at Solutia
500 to lose jobs as company plans closure of majority of Decatur facility

http://www.decaturdaily.com/decaturdaily/news/050126/solutia1.shtml

A Scripted Layoff: A communications script for implementing layoffs - Management Tools: (GREAT LINKS)...

http://www.findarticles.com/p/search?tb=art&qt=Layoffs+%2F+Management

"nearly 20 percent of Dow's workers are facing pay cuts so severe that their families could lose their middle class status and slip into poverty."

http://www.studentsforbhopal.org/DirtyDow.htm

Kanawha Valley chemical companies employed about 12,500 workers in 1980. Today, 3,600 remain on the job.

http://www.jobwerx.com/news/Archives/chemicals022603.html

"The 90 workers laid off Tuesday at Union Stamping & Assembly's plant in South Charleston apparently fell victim to problems at the plant's biggest customer, General Motors.

The layoffs, effective Friday, will leave 330 workers at the plant - down from 525 workers when Cleveland-based Union Partners LLC bought the plant from Mayflower Vehicle Systems in December."

http://www.aiada.org/article.asp?id=42680


DUPONT SHEDDING JOBS
Second largest U.S. chemical maker to lay off 3,500 workers by the end of the year

http://pubs.acs.org/cen/news/8215/print/8215dupont.html

The West Virginia Job Crisis

http://www.aflcio.org/issues/jobseconomy/jobs/upload/WV.pdf#search='west%20virginia%20job%20losses'

Outsourcing and job anxiety in West Virginia

"3,600 = Total job losses 41 months after start of recession, 3/2001–8/20041

10,200 = Job losses in manufacturing 41 months after start of recession 3/2001-8/20042"

http://www.outsourceoutrage.com/facts/wv.html

Wal-Mart and Burger King are hiring! No bennies and minimum wage! Go For It!

America is probably going to cut 6,000 jobs.

I read a story about how Delaware is very alarmed since a lot the cuts will be from that location. And....the local charities are really upset, since MBNA supported many charities...

And you expect anyone here to take you seriously.

When the numbers you quote are from the same people feeding you Propaganda you end up with Bullshit.

We're not fine for the moment.

We're not fine at all.

Search for the truth and quit buying the lies, before you aren't able to afford to buy a pack of gum.

There was a piece in today's St. Pete Times in which Mark Weisbrot said the unemployment rate is misleading. If you look at the employment rate, as even Bush's Bernake mentioned, you'll see that number is actually 1.7 percent lower than in 2000 -- about 3.4 million fewer jobs. However, these missing jobs aren't counted in the unemployment rate.

Welcome to DU!! :toast:

Unemployment rate was 4% when Bush stole the White House in 2000. If it is now 5%, that means it is 25% higher than when he took office. Not very good, is it?

It's kind of like a silent 'e' at the end of some words at this point. Whenever they say something positive about the economy on the MSM you should just add "for billionaires" at the end.

For example:

The economy is booming (for billionaires)!

Stocks are a great investment right now (for billionaires)!

These recently released GDP growth figures are a good sign (for billionaires)!


See? Always remember the silent part.

That booming sound is smart weapons spreading more shock and awe style "DEMOCRACY" to "untermench" around the globe.

all the money being sucked into iraq and cheney's pockets

Are you better off now than you were 5 years ago? 1% of America is,(the "Haves" and "The Have Mores")the other 99% are politically, environmentally and economically fornicated.

Even the Constitution has been fornicated over and pronounced "Quaint"! When will America say, We've been fornicated with long enough? Or will America just go on saying what it's been saying for years, "Fornicate It?"

Americans have depended on our neighbors picking up our trash we have thrown by every roadside we've traveled down for the last 60 years. That trash has now overtaken us! Too lazy to get out and vote. Too lazy to educate ourselves on the issues. Too lazy to CARE!

Can things get any more Fornicated Up? * Yes and they will, because we are STILL too lazy to give a good fornication!

In my area it looks like it......kinda. After 5-5yrs of hemorraging jobs(mostly manufacturing) by the thousands(with a total pop of only around 150,000), we are now seeing "some" hiring. A good example would be, one factory that closed employed over 1000 people. The empty building now has a new tenant. Bad thing is the new tenant only employs 100-150.

I remember hearing the same claims in those "glory" days of Raygun-omics...I was trying to raise a small family on a whopping $20k a year...prices constantly were going up, wages were stalled and the middle class was getting torn to shreads.

Same seems to be going on now. If you had a nice portfolio of energy stocks, foreign currencies and defense contractors, be assured in 2005 you made plenty of money. While the stock market finished the year where it began, those who bet on the failures of the economy...putting money on energy prices and futures or stocks that were related to that did very well...those with the "old blue chippers"...the "brick & mortar" industries either were stagnant or lost.

As I was told in those days, "while you might not be making money, be assured someone else is". When an economy "goes bad"...it only does that for some, not all. The money has to go somewhere and "just because you don't have any, doesn't mean it isn't there". Of course this was the mantra of my Repugnican boss...who later saw his company implode when his "friends" in the beltway passed "deregulation" that brought in competition he didn't expect and ended up turning what was once a highly profitable business into a marginally surviving one.

The claims the economy is doing well is just a cattle call for those with money to keep throwing it around. Ya think Wall Street is going to say "don't invest and throw you money away" in bad economic times? Hell no! They're gonna say how things are great, there's never been such a great opportunity to get rich, the economy is great...then find the suckers who will believe it and drain their resources.

A year ago, I predicted the economy would stagnate and I haven't been disappointed. New investments are virtually non-existant and the business climate is 180 degrees opposite of what it was 10 years ago. A great example...I had a partner who was busy raising money and setting up corporations and investor groups at that time...helping many small companies expand and rode the boom of the 90's. What's he doing today? He's dismantling many of the same companies he helped in the 90's...taking what's left of their assets after they went bankrupt and selling them off (many to foreign interests)...he had another good year.

Go look at the record of unployment, recessions and depressions when the GOP is in the White House, all the way back to US Grant! Those things happen EVERY time! The American people must need time off without pay every few years, so they elect, or in this case the SCOTUS and Diebold selects, another lying, stealing, middle class hating, repig!

On the streets to my home I bet their are 20 new homes that were just built.Yet I never see a full food shopping cart and every one is working on saving in that dept. I see small new cars. $10 going in to gas tanks.The debt limit is going to have to go up and every one owes on their credit cards. I do not understand what is really going on..

Now jobless for over 3 years. My previous employer laid-off about 30% of its non-principled workforce at least half remain unemployed. I'm well educated (BA, MA, MBA, JD) with my most recent degree being earned in 2001.

I'm hoping to find a new fully self employed career and never again have to prostitute myself for the profits of a souless organiation that serves only the interests of its managers and shareholders.

over and over until it sinks in. He insinuate's we might be a little slow :mad:

I can't believe I actually quoted the guy.

:puke:

And my personal economy is the worst it's been since I got my first paper route at age 13.

the economy has been reset at a level about 50% of what it was five years ago

they simply eliminate all the disaffected from the statistics

My "economy" is in full melt-down mode. Nearly all my friends have far less money now, a lower standard of living, work multiple jobs in order to barely hang on (or are either grossly underemployed or full-on unemployed), and are so deeply in debt that the new bankruptcy corporate protection laws are knives at their economic throats.

The middle class is dying just as surely as the glaciers in Montana.

if you add "if you're rich" to the end of each sentence.

Try it. It's like adding "in bed" to the end of a fortune cookie fortune.

so he should try to talk about this, and take the focus off of Iraq. Yeah. He needs to talk about it because he is just talking loud and saying nothing!

These people need to wake up to the real world and not the reel world. People are losing jobs and business are closing and this bastard wants to brag to us about Iraq and the good news. I am so tired of him and his buddies spouting off about the good economy and showing off their fake numbers. Thats BUSHIT!

The Bushoilini Regime has NEVER ONCE, in any month in five years, seen gains in private employment equal to or greater than the average increase of the last fifty years! This is the longest period of employment shrinkage since the Great Depression. The bastards should be tarred and feathered and run out of the country on a rail.