Economy Adds 180,000 Jobs, Unemployment Dips

[maineman]

The Clinton economy was built on a house of cards. The corporate cooking of the books occured during the Clinton years. Inflated stocks and inflated company profits

go back and read my post.... you are doing exactly what I said you guys do.

and you are too fucking dense to even figure it out!

 

[red states rule]

go back and read my post.... you are doing exactly what I said you guys do.

and you are too fucking dense to even figure it out!

So now the cooking of the corporate books happened under George W BUsh?

 

[maineman]

So now the cooking of the corporate books happened under George W BUsh?

when did ENRON crash? did THAT happen on Clinton's watch? When did congress have to step in and enact Sarbanes-Oxley? Was THAT on Clinton's watch?

 

[maineman]

and how much of those contributions that Kennyboy made to Dubya were stolen from the pensions of utilty workers?

 

[red states rule]

when did ENRON crash? did THAT happen on Clinton's watch? When did congress have to step in and enact Sarbanes-Oxley? Was THAT on Clinton's watch?

and when were the crimes being committed?

Clinton was a buddy of Ken Lay's

 

[maineman]

and when were the crimes being committed?

Clinton was a buddy of Ken Lay's

are you suggesting that those crimes were NOT being committed on Bush's watch????

 

[red states rule]

are you suggesting that those crimes were NOT being committed on Bush's watch????

They started and grew under Bill and Pres Bush took the blow

However the Bush economy was strong enough to take it, along with 9-11

 

[maineman]

They started and grew under Bill and Pres Bush took the blow

However the Bush economy was strong enough to take it, along with 9-11

were the books being cooked under Bush? yes or no?

did he do a thing to stop them? yes or no?

did he do a thing to prevent the collapse of ENRON? yes or no?

did he take huge campaign contributions from kennyboy that were stolen from the pensions of ulitity workers? yes or no?

 

[red states rule]

were the books being cooked under Bush? yes or no?

did he do a thing to stop them? yes or no?

did he do a thing to prevent the collapse of ENRON? yes or no?

did he take huge campaign contributions from kennyboy that were stolen from the pensions of ulitity workers? yes or no?

You never stop trying to rewrite history to fit your predetermined viewpoints

Clinton's economy was great until the truth came out about ALL the companies who were cooking the books - not only Eron

Libs are never interested in facts - if they don't have any they will invent them

 

[no1tovote4]

are you suggesting that my statement is false? are you suggesting that republicans give Clinton credit for his economic success where jobs were created each and every month at a rate of 250K? Are you suggesting that republicans don't EVER blame their own for economic failure?

No, I am suggesting that when the same numbers come around during a D Presidency you will be posting about how fantastic they are for making it happen.

 

[red states rule]

No, I am suggesting that when the same numbers come around during a D Presidency you will be posting about how fantastic they are for making it happen.

In case MM "overlooked" this the first time............

it seems Bill and Ken were good friends as well -while Ken was cooking the books

Trade Trips to Russia, India, Bosnia and Indonesia
I must admit to an error in my most recent article on the Enron scandal. Lovers of ex-President Bill Clinton will be overjoyed to find that Enron's top exec Ken Lay did not stay at the White House 11 times.

However, the bad news for those who still worship Mr. Clinton is that Enron not only donated $100,000 to Clinton's 1993 inauguration but, according to the records, also added an additional $25,000 to the Clinton 1993 celebrations.

The documented evidence shows that Enron did make it into the Clinton White House by special invitation. Senior Vice President Terrance H. Thorn had coffee with Bill Clinton on March 5, 1996.

Many of the other attendees of the Clinton White House coffee sessions also make up a long list of convicted criminals, arms dealers and bagmen for illegal DNC contributions.

For example, Wang Jun had coffee with Clinton in 1996. Wang is also the president of Poly Technologies, the largest arms trading firm owned by the People's Liberation Army. Poly Tech is currently banned from doing business in the United States after several of its top executives conspired to smuggle machine guns into the U.S. for sale to a major drug dealer – who later turned out to be a Customs agent posing as a gangster.

Charlie "Yah Lin" Trie, who was later convicted of illegally passing hundreds of thousands of dollars to the Clinton/Gore re-election campaign, brought Wang into the White House. Trie also gave an additional $645,000 to the Democratic National Committee, and most of this money was from illegal foreign sources.

Trip to Russia

Enron's association with the Clinton White House comes even closer to home when you consider the many corporate foreign trade trips paid for by your tax dollars. In 1994, Enron's CEO Ken Lay surfaced on a list of attendees wishing to travel to Russia with Ron Brown.

One person who did make the trade trip to Russia was Roger Tamraz. Interpol then wanted Tamraz, a Lebanese oil financier, for embezzling nearly $80 million from a Middle Eastern bank. Tamraz, who made most of his money selling Libyan oil, would later give more than $300,000 to the DNC after having coffee with Bill Clinton in the White House.

Russia was not the only target of Enron wheeling-and-dealing with the Clinton administration. Enron execs traveled on a profitable trade trip to India with Ron Brown, landing a major contract for a power plant. The India power plant deal later fell apart with allegations of illegal payments and bribery.

Trip to Bosnia

Enron also traveled in 1997 to Bosnia with Commerce Secretary Kantor in hopes of landing a U.S. taxpayer-backed energy deal in the war-torn state. According to the Chicago Tribune, Enron made a $100,000 donation to the DNC just days prior to the trade mission to the former Yugoslav province. Commerce Department documents clearly note that Enron was interested in the "Zagreb" portion of the trip.

Even in the last days of Bill Clinton, Enron execs were on the go. Enron traveled to South Korea with Commerce Secretary William Daley in 1999. Daley would go on to run Vice President Al Gore's failed bid for the White House in 2000.

Trip to Indonesia

The most damning evidence linking Bill Clinton and Enron to corruption is the documentation that shows Enron received U.S. taxpayer monies in order to finance a corrupt deal with Indonesia.

P.T. East Java Power Corp., which was then 50.1 percent owned by Enron, wanted to conclude a deal for a 500 megawatt power plant in East Java, Indonesia. The 20-year deal was later signed by Enron with P.T. PLN Persero (PLN), Indonesia's state-owned electric utility, which agreed to purchase the power from the natural-gas-fired plant.

According to Enron, the natural gas for the project was to be provided by Pertamina, Indonesia's state-owned oil and gas company. Commerce Department documents noted that Pertamina stalled the project with excessive demands for gas prices.

"Enron is now engaged with Pertamina over access to natural gas. These discussions may prove difficult," states a 1994 Commerce Department advocacy document.

"Enron is registered for OPIC (Overseas Private Investment Corporation) insurance," states the document, noting that the giant corporation obtained U.S. taxpayer-backed insurance if the Indonesian deal fell apart.

Ron Brown Letters for Enron

Ron Brown personally sought approval for the Enron electric power plants inside Indonesia. According to a personal letter directed to the Indonesian Minister for Trade and Industry, Brown endorsed two Enron deals for gas-fired power plants with the corrupt Suharto regime.

"Enron power, a world renowned private power developer, is in the final stages of negotiating two combined cycle, gas turbine power projects," wrote Brown in his 1995 letter.

"The first, a 500 MW plant in East Java, should bring commercial power generation by the end of 1997 if it can promptly negotiate a gas supply Memorandum of Understanding with Pertamina. The other project, a smaller plant in East Kalimantan, also awaits a gas supply agreement.

"I urge you to give full consideration to the proposals," concluded Brown to the Indonesian minister. In October 1995, Brown wrote another letter, this time to Hartarto Sastrosurarto, Indonesia's Coordinating Minister for Trade and Industry, pressing him to conclude the Enron power plant deals.

"I would like to bring to your attention a number of projects involving American companies which seem to be stalled, including several independent power projects. These projects include the Tarahan power project, which involves Southern Electric; the gas powered projects in East Java and East Kalimantan, which involves Enron," wrote Brown.

"Your support for prompt resolution of the remaining issues associated with each of these projects would be most appreciated," concluded Brown.

On Nov. 18, 1996, Enron CEO Ken Lay announced that the deal with Suharto was complete. According to Enron's public statement, the U.S.-led energy company had finally won the East Java Power project.

Corruption, Collusion and Nepotism

Yet the Enron success was clouded by allegations that the power plant deals were filled with kickbacks for the Suharto family. In October 1998, U.S. Ambassador J. Stapleton Roy wrote a diplomatic cable that he had recently met with Indonesian Director General of Electricity Endro Utomo Notodisoerjo.

"Commenting on corruption, collusion and nepotism (KKN), Endro said that in the past there was no separation between 'power' (not electric but former first family power) and business. 'All the IPP's (Independent Power Projects) have a relation with power, and it is still going on,' added Endro."

According to State Department documents, Enron signed on to a deal filled with "corruption, collusion and nepotism." One State Department cable included an entire section titled "Dealing with unwanted partners" that detailed corruption inside the two Enron power plants at East Kalimantan and East Java.

"Unocal executives told resources officer that the firm is close to reaching a deal with its partner, PT Nusamba (controlled by former President Soeharto crony Bob Hasan) to sever ties in two production sharing contracts (PSC) in East Kalimantan and East Java," notes the State Department cable.

Eventually, the Indonesian economy collapsed and Suharto was overthrown. The resulting economic mess forced Indonesia to default on its payments for the Enron power plants. The U.S. taxpayer using its insurance, however, paid off Enron. One such policy for Enron was obtained through the World Bank Multilateral Investment Guarantee Agency or MIGA.

"In June of this year, MIGA paid $15 million to Enron Java Power Co. for its investment in P.T. East Java Power Corporation in Indonesia," states the 2000 official public release from the World Bank.

"The venture was one of many suspended by the presidential decree of September 20, 1997, issued in response to the country's economic crisis," noted MIGA officials.
http://www.newsmax.com/archives/arti...28/12723.shtml

 

[red states rule]

are you suggesting that my statement is false? are you suggesting that republicans give Clinton credit for his economic success where jobs were created each and every month at a rate of 250K? Are you suggesting that republicans don't EVER blame their own for economic failure?

If this is failure - please give me more!!!!!!!!!!!!


George Bush's Resilient Economy
Posted Apr 6th 2007 5:58PM by Scott
Filed under: President Bush, Economy

The unemployment numbers released today are quite excellent... unless you're a Democrat, I guess:

All told, the economy added 180,000 new jobs, dropping unemployment to a 4.4 percent rate that matched a five-year low.

The mostly positive snapshot of the nation's employment climate, released by the Labor Department on Friday, showed that companies ramped up hiring and paid workers more. That's good news for employees and jobseekers, and bodes well for the national economy, too, which is suffering a sluggish spell and a painful housing slump.

These numbers indicate that those who want to work are being employed and those who want to get ahead in their current positions are finding it easier.

This has been an amazing economic period; housing carried it in 2001 through 2005, now with the housing market slumping, other sectors have perked up. We have suffered through 9/11 and two ongoing wars and the economic machine keeps humming along.

The major theme of this era will be the war on terror, but when historians look back, they'll have no choice but to credit President Bush with pilling us out a resession through tax cuts and sustaining a strong economy through the first six years. Of course the media have essentially ignored this good news the entire time.

http://www.aolelectionsblog.com/2007/04/06/george-bushs-resilient-economy/

 

[maineman]

I have never called the Bush economy a "failure". I merely point out that republicans view the economic records of their own presidents with much more optimistic appraisals than they do the economic records of democratic presidents. The FACT is this: the economy during the Clinton administration was a job creating machine. It cranked out more jobs on average for eight solid years than Bush's best month ever.

 

[red states rule]

I have never called the Bush economy a "failure". I merely point out that republicans view the economic records of their own presidents with much more optimistic appraisals than they do the economic records of democratic presidents. The FACT is this: the economy during the Clinton administration was a job creating machine. It cranked out more jobs on average for eight solid years than Bush's best month ever.

More jobs based on inflated earnings and cooked books

It came crashing down after Clinton was out of office and landed in Bush's lap

 

[maineman]

More jobs based on inflated earnings and cooked books

It came crashing down after Clinton was out of office and landed in Bush's lap

hoiw do create jobs with cooked books?

lol

the facts about the increase in working Americans is there on the BLS website.... clinton averaged 250K per month for eight years....that was a humming economy, and it had nothing to do with inflated earnings.

this is probably one of those areas, like all things military, that you probably should stay away from because you don't know what the fuck you are talking about.

 

[boedicca]

it's odd...when the economy turns to shit when a democrat is in office, it is all his fault. when it happens when a republican is in office, it is merely the business cycle.

conversely, when the economy is doing well under a democrat, it is all because of the previous republican administration. when the economy is doing well under a republican, it is because of his wise leadership.

That is not what I said. I said that Clinton was not to blame nor did he deserve credit for the false economy in the late 90s.

But thanks for playing.

 

[red states rule]

hoiw do create jobs with cooked books?

lol

the facts about the increase in working Americans is there on the BLS website.... clinton averaged 250K per month for eight years....that was a humming economy, and it had nothing to do with inflated earnings.

this is probably one of those areas, like all things military, that you probably should stay away from because you don't know what the fuck you are talking about.

Company growth and capital based on inflated company stock prices

You wish I would shut up and quit exposing the truth and facts

That is the liberal version of free spech - agree with us or shut up

 

[maineman]

Company growth and capital based on inflated company stock prices

You wish I would shut up and quit exposing the truth and facts

That is the liberal version of free spech - agree with us or shut up

'it is impossible to create 250K jobs/month for eight solid years and PAY those people their wages with paper profits. the economic growth during the clinton years was obviously real.... people were employed. they were paid...they spent their wages in the marketplace. if it was all smoke and mirrors, how did those employees buy groceries with smoke if there were no real money involved?
I await your explanation.

 

[boedicca]

No it's not. A great many jobs were created via the consumption of invested capital - and then shed en masse when the ponzi scheme collapsed.

 

[maineman]

No it's not. A great many jobs were created via the consumption of invested capital - and then shed en masse when the ponzi scheme collapsed.

the major job loss did not occur when ENRON et al collapsed, but after 9/11 which was unrelated. Eight years of real job growth cannot be written off by revisionist historical fiction about ponzi schemes.

your partisan petticoats are showing.