storm1977 0 #1 October 30, 2003 Largest GDP growth since 1984 http://story.news.yahoo.com/news?tmpl=story&cid=568&e=2&u=/nm/20031030/bs_nm/economy_gdp_dc ----------------------------------------------------- Sometimes it is more important to protect LIFE than Liberty Quote Share this post Link to post Share on other sites
turtlespeed 226 #2 October 30, 2003 RUN FOR YOUR LIVES THE LEFTIES ARE GOING TO ATTACK!!!I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun Quote Share this post Link to post Share on other sites
Lefty 0 #3 October 30, 2003 Found this on Neal Boortz's web page today. Interesting read. http://www.townhall.com/columnists/calthomas/ct20031030.shtml I expect the liberals will just ignore this thread though. - LeftyProvoking a reaction isn't the same thing as saying something meaningful. -Calvin Quote Share this post Link to post Share on other sites
Tonto 1 #4 October 30, 2003 QuoteLargest GDP growth since 1984 It's a QUARTER dude. That doesn't make a year... and it's easy to show growth when you're at the bottom of the barrel... tIt's the year of the Pig. Quote Share this post Link to post Share on other sites
turtlespeed 226 #5 October 30, 2003 Well, not THAT Lefty - But STILL RUNNNNNNI'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun Quote Share this post Link to post Share on other sites
ltdiver 3 #6 October 30, 2003 QuoteThe U.S. economy rocketed ahead at its fastest pace in more than 19 years in the third quarter of 2003 as consumers, their wallets fattened by tax cuts, went on a buying spree, Well, I know for myself at least that I've spent a HECK of alot more money on merchandise since landing a good paying job this past 12 months. I LOVE giving back to the economy, but it takes earning $$ to get that done. ltdiver Don't tell me the sky's the limit when there are footprints on the moon Quote Share this post Link to post Share on other sites
Remster 30 #7 October 30, 2003 But of course the weaker US$ and the all time (well, close to it) low interest rate have nothing to do with the recovery.....Remster Quote Share this post Link to post Share on other sites
jfields 0 #8 October 30, 2003 Why worry about the budget, or our country's reputation, or anything of any lasting importance? By the time everyone figures out that our policies have been horrible, some other slob will be in office and our children will have to pay for everything. So, sure, cut taxes, increase spending and start some wars. GREAT PLAN! Quote Share this post Link to post Share on other sites
Hummusx 0 #9 October 30, 2003 Maybe I'm mixed up here, but doesn't a weak USD hurt the economy? Low interest rate = good for growth, but I don't get the weak $ helping us. ____________________________________ It’s like selling a million grills all at the same time…with extended warranties. -Hank Hill Quote Share this post Link to post Share on other sites
Remster 30 #10 October 30, 2003 weak $ makes exports lots more interesting for the buyers.Remster Quote Share this post Link to post Share on other sites
AndyMan 7 #11 October 30, 2003 Quote I expect the liberals will just ignore this thread though. Hardly. There's no more reason to think the second tax cut led to a rising economy then there is to think that the first tax cut led to the crappy economy we're just getting out of. _Am__ You put the fun in "funnel" - craichead. Quote Share this post Link to post Share on other sites
shedao 0 #12 October 30, 2003 QuoteBy the time everyone figures out that our policies have been horrible, some other slob will be in office and our children will have to pay for everything Good. I hope he gets here soon so I can criticize him too! I don't lean left or right. I loathe them all. I mean obviously they are crazy, who else would want the job? poor smucks. Quote Share this post Link to post Share on other sites
Slappie 9 #13 October 30, 2003 Quoteweak $ makes exports lots more interesting for the buyers. I'm in the oil biz. The company I work for sells pipe inspection equipment. Inspection systems that sit on the floors of steel mills all over the world. This systems range in price from a couple hundren thousand to multi million dollar installations. USD that is. Anyways.. I'm in the export dept. I handle all the "IS" shipments to our overseas customers. So I do this for a living. I have not seen any increase in shipping, sales, spare parts nothing. Actually I've seen a decrease in sales and shipments to some of the countries we delt with on a weekly basis. Now this change can be atributed to wars in countries we probably shouldn't have gone to in the first place. But, we're there now no matter what. The lower $ value overseas has not impacted me one bit. "Find out just what any people will quietly submit to and you have found out the exact measure of injustice and wrong which will be imposed upon them." Quote Share this post Link to post Share on other sites
storm1977 0 #14 October 30, 2003 When did the market start to drop???? ... Oh, when the GREAT STAIN MAKER (clinton) was in office. That's right, I forgot. ----------------------------------------------------- Sometimes it is more important to protect LIFE than Liberty Quote Share this post Link to post Share on other sites
lummy 4 #15 October 30, 2003 Quote(clinton) was in office. That's right, I forgot. LOL... I think we need to add CLINTON to Godwin's law for DZ.comI promise not to TP Davis under canopy.. I promise not to TP Davis under canopy.. eat sushi, get smoochieTTK#1 Quote Share this post Link to post Share on other sites
Remster 30 #16 October 30, 2003 QuoteThe lower $ value overseas has not impacted me one bit. Its impacted me. We lost a few deals in the US because our European equipement was much more expensive then american stuff.Remster Quote Share this post Link to post Share on other sites
SkydiverRick 0 #17 October 30, 2003 QuoteQuote(clinton) was in office. That's right, I forgot. LOL... I think we need to add CLINTON to Godwin's law for DZ.com There's plenty of democrats to take his place. never pull low......unless you are Quote Share this post Link to post Share on other sites
SkydiverRick 0 #18 October 30, 2003 QuoteQuoteLargest GDP growth since 1984 It's a QUARTER dude. That doesn't make a year... and it's easy to show growth when you're at the bottom of the barrel... t Bottom of what barrel? I haven't seen any soup lines around here. never pull low......unless you are Quote Share this post Link to post Share on other sites
TaeKwonDoDo 0 #19 November 4, 2003 Something the liberal media is not pointing out is that the 1984 GDP increase corresponded, almost two years the quarter, to the Regan tax cut - and its almost two years to the quarter of our "first" tax cut. Interesting correlation.... but nahhhhh. Nevermind. - Jeff "That's not flying, it's falling with style." Quote Share this post Link to post Share on other sites
skydyvr 0 #20 November 4, 2003 QuoteSomething the liberal media is not pointing out is that the 1984 GDP increase corresponded, almost two years the quarter, to the Regan tax cut - and its almost two years to the quarter of our "first" tax cut. Liberal media? Naw -- look, just because Walter Cronkite and Andy Rooney admit the media has a decidedly liberal bias doesn't mean anything. There's plenty of far more informed posters on here who'll help you set the record straight. . . =(_8^(1) Quote Share this post Link to post Share on other sites
Gawain 0 #21 November 4, 2003 I'll gladly applaud the tax cuts and their contribution. They were, in fact, part of a broader effort to create some kind of spending across the spectrum. The US economy is powered primarily by the consumer, nearly 70% of it. The most significant factor of 3Q03 is not the overall growth of the GDP, in my opinion. Rather, it was the 11+% increase in capital spending/durable goods by businesses. That means the beginning of job growth. In 2Q03, business spending was flat, but defense spending allowed growth over 3%. In the third quarter, it was the exact opposite. Defense spending was flat, business investment way up. The low interest rates, allowed "us" to refinance our homes for a song. That was a major part of our spending this summer. The APRs crept up a bit in September, along with the bond rate, and refi's slowed, and so did consumer spending (-0.3% in Sept). It's all about Friday, November 7th. That's the October employment report. Indicators are that it will be an acceleration of September's figures. This lagging indicator will make or break our economy in 2004. Some in the fed are anticipating job growth reaching over 200,000 per month Dec/Jan/Feb timeframe. Keep an eye open on Friday.So I try and I scream and I beg and I sigh Just to prove I'm alive, and it's alright 'Cause tonight there's a way I'll make light of my treacherous life Make light! Quote Share this post Link to post Share on other sites
TheAnvil 0 #22 November 4, 2003 Oh, but how many major news outlets actually reported on Rooney's and Cronkite's remarks? About as many as interviewed Bernie Goldberg on his best-selling book, I'd wager. Good call on Friday Gawain. Hehehehe. The lagging indicator is the unemployment - as most people who have read anything about economics know. Did y'all HEAR Nancy Pelosi screeching 'but where are the jobs?'Vinny the Anvil Post Traumatic Didn't Make The Lakers Syndrome is REAL JACKASS POWER!!!!!! Quote Share this post Link to post Share on other sites
Gawain 0 #23 November 4, 2003 QuoteDid y'all HEAR Nancy Pelosi screeching 'but where are the jobs?' Yep, the same Nancy that was reeling at the recall saying, "I think it's terrible how elected officials will have to watch their backs..." She's pure entertainment.So I try and I scream and I beg and I sigh Just to prove I'm alive, and it's alright 'Cause tonight there's a way I'll make light of my treacherous life Make light! Quote Share this post Link to post Share on other sites
quade 4 #24 November 4, 2003 QuoteNaw -- look, just because Walter Cronkite and Andy Rooney admit the media has a decidedly liberal bias doesn't mean anything. Source? I mean, give me the -EXACT- quote, because that's certainly not what Cronkite just said on page 8 of the November 3 issue of TIME Magazine.quade - The World's Most Boring Skydiver Quote Share this post Link to post Share on other sites
quade 4 #25 November 4, 2003 QuoteThe US economy is powered primarily by the consumer, nearly 70% of it. The most significant factor of 3Q03 is not the overall growth of the GDP, in my opinion. Rather, it was the 11+% increase in capital spending/durable goods by businesses. That means the beginning of job growth. In 2Q03, business spending was flat, but defense spending allowed growth over 3%. In the third quarter, it was the exact opposite. Defense spending was flat, business investment way up. As a person that recently lost his job of 29 years because the company is going through a bad time, I kinda, gotta, disagree about how business investment and job creation is on the way up. Quote Some in the fed are anticipating job growth reaching over 200,000 per month Dec/Jan/Feb timeframe. I hope they're right, but then again, I was anticipating keeping my previous job.quade - The World's Most Boring Skydiver Quote Share this post Link to post Share on other sites
