insein said:
Add to the list "This is the worst economy since Herbert Hoover and the Depression." Some still proclaim this even though the unemployment rate dropped to a record low 4.6% last month.
It's not the worst economy since Herbert Hoover (yet), but it might just be the worst economy since Jimmy Carter. The problem is, federal government statistics are bunk.
Bill Bonner, with more rambling thoughts on this Monday morning...
*** Our good news, today, carries over from last week. We were delighted to discover - in the figures from economist Walter J. Williams - that the world really is going to hell in a handcart, just as we thought it was. If they did the numbers correctly, or even as they used to do them, unemployment would be twice todayÂ’s reported levels, inflation would be higher, and the GDP would be shrinking.
http://www.dailyreckoning.com/Issues/2006/DRUS032706.html
So, I asked, "What do you mean about 'sinking job prospects', Addison?" He answered, "If you use the real statistics to calculate unemployment, the way we used to calculate it back in 1980, the real unemployment rate is a much more devastating 12.5%." Yow!
http://www.dailyreckoning.com/Issues/2006/DRUS022706.html
red states rule said:
The libs said the tax cuts would destroy the economy
Hey, if this is what libs call destrying the economy - give me more!!
The tax cuts won't destroy the economy, but they won't be enough to offset the ginormous tidal wave of money we've printed to pay the bills for several years now. Not that Bush is unique in that regard.
Also, inflation is much higher than the government admits, because they don't count such things as housing, food, and energy. For further reading...
http://financialsense.com/Market/puplava/2005/0307.html
http://www.safehaven.com/article-1458.htm
http://www.financialsense.com/fsu/editorials/willie/2006/0523.html
http://archives.tcm.ie/irishexaminer/1998/12/11/bhead.htm
http://financialsense.com/editorials/weiss/2006/0522.html
red states rule said:
Thank you for your service. It is because of vets like you we are the biggets and best nation
We are a responsible nation. we are killing those who would kill us
I found this in another chat room. It is fitting for this thread
Things that make you think a little:
There were 39 combat related killings in Iraq in January.
In the fair city of Detroit there were 35 murders in the
month of January. That's just one American city,
about as deadly as the entire war-torn country of Iraq.
When some claim that President Bush shouldn't
have started this war, state the following:
a. FDR led us into World War II.
b. Germany never attacked us ; Japan did.
>From 1941-1945, 450,000 lives were lost ...
an average of 112,500 per year.
c. Truman finished that war and started one in Korea.
North Korea never attacked us ..
>From 1950-1953, 55,000 lives were lost ...
an average of 18,334 per year.
d John F. Kennedy started the Vietnam conflict in 1962.
Vietnam never attacked us.
e. Johnson turned Vietnam into a quagmire.
>From 1965-1975, 58,000 lives were lost ..
an average of 5,800 per year.
f. Clinton went to war in Bosnia without UN or French consent.
Bosnia never attacked us .
He was offered Osama bin Laden's head on a platter three
times by Sudan and did nothing. Osama has attacked us on
multiple occasions.
g. In the years since terrorists attacked us , President Bush
has liberated two countries, crushed the Taliban, crippled
al-Qaida, put nuclear inspectors in Libya , Iran, and, North
Korea without firing a shot, and captured a terrorist who
slaughtered 300,000 of his own people.
The Democrats are complaining
about how long the war is taking.
But
It took less time to take Iraq than it took Janet Reno
to take the Branch Davidian compound.
That was a 51-day operation..
We've been looking for evidence for chemical weapons
in Iraq for less time than it took Hillary Clinton to find
the Rose Law Firm billing records.
It took less time for the 3rd Infantry Division and the
Marines to destroy the Medina Republican Guard
than it took Ted Kennedy to call the police after his
Oldsmobile sank at Chappaquiddick.
It took less time to take Iraq than it took
to count the votes in Florida!!!!
Our Commander-In-Chief is doing a GREAT JOB!
The Military morale is high!
FW: FW: FW: FW: RE: FW: IRAK CIRCA 2003
a, b, c, d, e, f : Yes, those were all shitty presidents, now that you mention it.
g. Two countries are under martial law and their citizens overwhelmingly want us to leave
There are no WMD's in Iraq.
Military morale is low, which is why so many generals detest this administration, and why the military is struggling to keep it's numbers up.
Avatar4321 said:
The fact that terrorist dont see us as liberators is irrelevant to the fact that Iraqis did.
The Iraqis saw us as liberators in 2003, and yet I remember seeing them on the news saying things such as "Thank you america, now please get out." The fact that some Iraqis saw us as liberators is irrelevant to the fact that very few do today, or that the invasion was a good idea to begin with.
Mr.Conley said:
This isn't some crazy loner scientist, this is the DOE. Bush's DOE I might add.
ANWAR will produce about 500,000 barrels of oil per day in 2020 if developed now. We already use 20 million barrels per day and will probably use 30-40 million by that time. ANWAR would make a small contribution to our energy dependency. Only the right wing propanganda centers will tell you otherwise.
As for offshore, it should be done, but again it won't meet our energy needs.
And what alternative would that be (hint: it's not hydrogen)
Bush's DOE may be sexing up the numbers to get access to ANWAR. Or, they could simply be wrong, just as so many other Malthusians have been wrong in the past. "Experts" have been predicting the end of oil since the late 1800's.
Half a million a day is quite significant compared to 20 million. It doesn't take much of a shortage to send gas prices rocketing skyward. A 2.5% decrease in supply will not yield a mere 2.5% increase in price. Another frequently heard idea I'd like to address: "It will take 10 years before we even see a drop of oil from ANWAR!" Yes, and if we'd ignored that advice during the last gas crisis 15 years ago, we'd have cheaper gas now.
Alternative fuel predictions: coal to diesel or butanol (gasoline substitute) since the US is the Saudi Arabia of coal; or if weren't so stupid, we could allow more LNG-capable shipping ports to be built, which would provide us with gobs of cheap energy.