Reality intrudes...

[Mr.Conley]

drunk....but i will be sober tomorrow.... while you my friend will still be stupid

Stupid like this?

so what you are saying is the economy is good....thus bush is doing a good job....despite the fact that the media has been saying for six years the economy sucks....and you hope that the economy goes bad so you can say....see i told you bush sucked....yea you dems have a plan.....pray for the suffering of mankind so you you can be right

 

[manu1959]

Stupid like this?

i am drunk...what is your excuse for....

everthing is great but if all goes wrong it won't be great so both sides are right and wrong.

Originally Posted by Mr.Conley
The US economy is performing well, but right now we are on the edge. There is an awful lot that could go very wrong very easily. In a sense I'd say both sides are right and wrong.

that has to be the most wishy washy, flippy floppy, non committal post i have ever seen.......

 

[Mr.Conley]

i am drunk...what is your excuse for....

everthing is great but if all goes wrong it won't be great so both sides are right and wrong.

Originally Posted by Mr.Conley
The US economy is performing well, but right now we are on the edge. There is an awful lot that could go very wrong very easily. In a sense I'd say both sides are right and wrong.

that has to be the most wishy washy, flippy floppy, non committal post i have ever seen.......

So a drunk, regardless of the accuracy of the statement, takes issue with how "non committal" a post is? If I were you I'd go to bed, you'll feel better in the morning.

 

[manu1959]

So a drunk, regardless of the accuracy of the statement, takes issue with how "non committal" a post is? If I were you I'd go to bed, you'll feel better in the morning.

....only a stuipd man argues with a drunk....

 

[Mr.Conley]

....only a stuipd man argues with a drunk....

We're not arguing, just conversing.

 

[red states rule]

so what you are saying is the economy is good....thus bush is doing a good job....despite the fact that the media has been saying for six years the economy sucks....and you hope that the economy goes bad so you can say....see i told you bush sucked....yea you dems have a plan.....pray for the suffering of mankind so you you can be right

How true


http://newsbusters.org/node/5663
GDP Soars and Unemployment Drops; CBS’s Lead: 'The Economy is Slowing Down'
Posted by Brent Baker on June 2, 2006 - 20:32.
A week after ignoring the announcement of a roaring 5.3 percent GDP growth rate in the first quarter, and on the day unemployment fell a tenth of a point to 4.6 percent -- the lowest level since July of 2001 -- the CBS Evening News decided to lead Friday with how, as anchor Russ Mitchell put it: “There are new signs this evening that the economy is slowing down.” Reporter Anthony Mason asserted that “rising interest rates and rising gas prices are beginning to put the brakes on the U.S. economy." Mason laid out the bad news: "The newest numbers, just 75,000 jobs were added to the economy last month, well below forecasts. Manufacturing lost 14,000 jobs. But retail took the biggest hit, losing more than 27,000" and “the other hammer to the economy came from the once-booming construction sector. It came to a standstill in May.” Mason concluded with his own domino theory: "One major builder reported a nearly 30 percent drop in new orders for the past two months. Now that ripples right through the economy. Buying slows, then building slows, then hiring slows. And that, Russ, is why the economy is slowing."

On NBC, in contrast, Anne Thompson noted how “cuts on factory floors and at the country's retailers held back job gains for the second straight month,” but she characterized those as “signs analysts say of an economy that is slowing but not in trouble." Mark Zandi, chief economist at Moody's Economy.com, then emphasized how the economy “is throttling back from very rapid growth earlier in the year, but it is still a very strong economy, an economy that will perform well going forward." (Transcripts follow)

On the May 30 CBS Evening News, Jim Axelrod noted how despite “5.3 percent economic growth in the first quarter, 5.2 million more jobs since August 2003, or unemployment down to 4.7 percent,” a CBS News poll found that “just 34 percent approved of the President's handling of the economy.” A NewsBusters item pointed out how Axelrod’s citation of the 5.3 percent GDP growth in the first quarter, the fastest rate in two-and-a-half years, was the first on the CBS Evening News which ignored it when the number was announced last Thursday [May 25].”

ABC’s short item on the Friday, June 2 World News Tonight:


Anchor Terry Moran: "There was surprising news about the economy today. The government said that employers 75,000 jobs in May. That's nearly a hundred thousand fewer than expected. The unemployment dipped a bit to 4.6 percent, the lowest in five years, but analysts said the overall picture's one of economic growth slowing from the very fast pace earlier this year. Economists said that might convince the Federal Reserve to end, at least for now, its two-year campaign of raising interest rates.”

The start of the NBC Nightly News item, which did not lead the newscast:


Anchor Brian Williams announced: "A jobs report came out today that took some analysts by surprise. It showed just 75,000 jobs were added to the entire nation's payrolls last month. That's almost 100,000 fewer than economists were predicting. At the same time, the unemployment rate dropped by a tenth of a percentage to 4.6 percent. So what do these new numbers mean for the economy as a whole? An overall look tonight from NBC News chief financial correspondent Anne Thompson."

Anne Thompson: "Cuts on factory floors and at the country's retailers held back job gains for the second straight month -- signs analysts say of an economy that is slowing but not in trouble."

Mark Zandi, chief economist at Moody's Economy.com: "This is an economy that is throttling back from very rapid growth earlier in the year, but it is still a very strong economy, an economy that will perform well going forward."...

CBS Evening News. The tease from anchor Russ Mitchell:


“The unemployment rate falls but there are new signs this evening that the economy is heading for a slowdown. So we'll start with the latest economic news...”
Mitchell led:

“Good evening, Bob is off tonight. The U.S. economy was charging ahead at an annual rate of almost 5 percent [actually 5.3%] in the first quarter of this year. But now it appears we'll be lucky if it grows half that rapidly in this quarter. There are new signs this evening that the economy is slowing down. While the unemployment rate has fallen to a five-year low, the economy is not cranking out new jobs the way it had been. So what's going on? Here's Anthony Mason.”
Anthony Mason began:

“Rising interest rates and rising gas prices are beginning to put the brakes on the U.S. economy.”

John Silvia, Wachovia Securities: “And yes, the economy is cooling down and now the question is how much and how fast.”

Mason: “The newest numbers, just 75,000 jobs were added to the economy last month, well below forecasts. Manufacturing lost 14,000 jobs. But retail took the biggest hit, losing more than 27,000. Wal-Mart, the world's biggest retailer, reported slowing growth this week. Customers are spending less because they're paying more for gas. And John Silvia says the economy is just starting to feel the pain.”

Silva: “This is not a one-shot very short three-month deal. I think it's a sustained impact on consumer spending and consumer habits in general.”

Mason: “The other hammer to the economy came from the once-booming construction sector. It came to a standstill in May, adding only a thousand jobs after new home building fell in April for the first time in almost two years.”

David Lereah, National Association of Realtors: “The builders right now are beginning to cut back production. They don't want to get caught with their financial pants down.”

Mason: “Because home sales are falling as mortgage rates continue to rise; a 30-year fixed now averages about six and two thirds percent, the highest level in four years.”

Lereah: “We are at a key transition point in the housing markets. Because the housing markets are cooling, we're on course for a soft landing but if you continue to raise rates, that soft landing may turn to hard.”

Mason: “One major builder reported a nearly 30 percent drop in new orders for the past two months. Now that ripples right through the economy. Buying slows, then building slows, then hiring slows. And that, Russ, is why the economy is slowing.”

 

[red states rule]

Like I said....Delusional. Dismissed.

The deficit is running 22% lower then it was one year ago



US Federal Deficit Reaches 4-Year Low
Posted by GayPatriot at 7:33 am - August 5, 2006.
Filed under: Post 9-11 America, Economy
How is this possible?

The MadLibDems (sorry, Kevin…. I call ‘em as I see ‘em… convince me otherwise with facts) tell me the economy is terrible, the jobs people are getting are terrible, the Bush tax cuts are terrible….

Deficit Estimated Lowest In 4 Years - Associated Press

The federal deficit will register $260 billion this year, the lowest in four years, reflecting a strong economy and resulting growth in tax revenue, congressional analysts said Friday.

The estimate by the nonpartisan Congressional Budget Office is well below its earlier predictions and also below the $296 billion White House estimate less than a month ago.

Better-than-expected revenues are driving the deficit down from last year’s $318 billion figure and far below the record $413 billion posted in 2004.

At $260 billion, it would be the lowest since the $158 billion figure in 2002, the first deficit following four years of surpluses.

The deficit picture is even better when measured against the size of the economy, which is the comparison economists think is most important.

“At 2 percent of gross domestic product, the 2006 deficit would be smaller than the deficit recorded in the past three years — 3.5 percent in 2003, 3.6 percent in 2004 and 2.6 percent in 2005,” said the CBO report.

Well, the reduction of the deficit is, without a doubt….. Bush’s Fault ™. Who would have thought that after the economic consequences of the 9/11 attacks that our economy would be doing so well just five years later? Certainly not Nancy Pelosi and Harry Reid.

Liberal Lie: Tax cuts cause deficits.

FACT: Strong economies resulting from tax cuts reduce deficits.