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Gravitymaster

More bad economic news.....

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You are very wrong if you believe most people have made up their minds. If thats what you think, you really need to get off this site and get out into the real world once in a while.



Thank you for sharing your opinion with me, Bob...

My original thoughts: Surely a relatively insignificant bump in employment opportunities cannot make or break this years election? I imagine that most people have already made their decision... and those who haven't aren't going to be impacted by this type of influence anyway...



Apparently John Kerry disagrees with you.

Edited to add: Watch over the coming weeks and months how the Kerry Campaign scrambles to find a new issue while they stop talking about the number of jobs created and instead shift to the type of jobs. Then come back and tell me how significant this is.

Hell, even the Bush bashers on this site aren't whining about job creation like they were a month or so ago.

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You are very wrong if you believe most people have made up their minds. If thats what you think, you really need to get off this site and get out into the real world once in a while.



Thank you for sharing your opinion with me, Bob...

My original thoughts: Surely a relatively insignificant bump in employment opportunities cannot make or break this years election? I imagine that most people have already made their decision... and those who haven't aren't going to be impacted by this type of influence anyway...



Apparently John Kerry disagrees with you.

Edited to add: Watch over the coming weeks and months how the Kerry Campaign scrambles to find a new issue while they stop talking about the number of jobs created and instead shift to the type of jobs. Then come back and tell me how significant this is.

Hell, even the Bush bashers on this site aren't whining about job creation like they were a month or so ago.



It's a good beginning. Now he's only about 4 million short of his various promises.
...

The only sure way to survive a canopy collision is not to have one.

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Apparently John Kerry disagrees with you.

Edited to add: Watch over the coming weeks and months how the Kerry Campaign scrambles to find a new issue while they stop talking about the number of jobs created and instead shift to the type of jobs. Then come back and tell me how significant this is.

Hell, even the Bush bashers on this site aren't whining about job creation like they were a month or so ago.



It's a good beginning. Now he's only about 4 million short of his various promises.



Now that the stock market has stabilized, and the tax cuts are having some effect, businesses are feeling confident enough to go ahead with expansion plans and thats going to help create jobs. As you know, Presidents always take credit for creating jobs even though they have little to do with it.

Given that, this is bad news for John Kerry as one of the difficulties in running against an incumbent President is to convice voters you will do a better job. As each issue Kerry has stratigized to convince the voters he is the better choice disappear, what is left in the voters mind is "how risky is it to change from Bush to Kerry? And, is Kerry really going to be much better on the issues which are important to me. I know Bush is a known quantity and Kerry is not".

So far, Kerry's only theme has been "Vote for me. I am the Anti-Bush". Great campaign rhetoric, but I doubt in the end it will do much to get him elected. Voters tend to vote their pocketbook and unless Kerry is able to give voters a compelling reason to vote for him, they won't. Regardless of what the polls say right now, only a fool would try to predict a winner based on them at this point.

Kerry must have a bad economy, more problems with Iraq etc to win. Any good news on the economy is bad news for the Kerry Campaign.
( I'm pretty sure you understand this Kallend, so my comments aren't aimed at you directly )

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Hey....look what came out today.

Import Prices Surge, Jobless Claims Rise

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Edited to add: Watch over the coming weeks and months how the Kerry Campaign scrambles to find a new issue while they stop talking about the number of jobs created and instead shift to the type of jobs. Then come back and tell me how significant this is.



Guess they won't need to do that.

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Now that the stock market has stabilized, and the tax cuts are having some effect, businesses are feeling confident enough to go ahead with expansion plans and thats going to help create jobs.



Yeah, businesses always expand when inflation and interest rates rise.

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I'm glad you find so much delight in people losing their jobs. Perhaps if you spend more time reading real news instead of the yahoo comics, you would develope some understanding of economics and your statements wouldn't look so foolish.

http://www.forbes.com/feeds/ap/2004/06/10/ap1407814.html


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Economists were expecting claims to fall last week. Filings for last week, however, covered the period including the Memorial Day holiday, a time - as in all holiday weeks - that can present difficulties adjusting the data for seasonal factors, a Labor Department analyst said.




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The number of people who have been drawing unemployment insurance fell by 106,000 to 2.88 million for the week ending May 29, the most recent period for which that information is available. That marked the lowest level in so-called "continued" claims since the week ending May 19, 2001.

"This provides some confirmation that hiring has picked up, so that those receiving jobless benefits are finding work more quickly and dropping out of the tally," said Steven Stanley, chief economist at RBS Greenwich Capital.




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Separately, the Federal Reserve reported Thursday that U.S. households saw their net worth in the first quarter of this year rise to a record $45.15 trillion, reflecting in part higher home and other real-estate values. The first-quarter's net worth figure surpassed the previous all-time high registered in the fourth quarter of 2003.




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With the economy growing smartly and the labor market in recovery, economists widely expect the Federal Reserve will boost short-term interest rates for the first time in four years at its next meeting on June 29-30. Most economists are expecting a one-quarter percentage point increase.

Fed Chairman Alan Greenspan, in a speech Tuesday, said although he still expects the Fed will be able to push interest rates up gradually to combat inflation, policy-makers are prepared to take more aggressive action should the inflation outlook turn worse than they now expect.




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The labor market, which had been stuck in the doldrums over the last three years, has been showing strong signs recently that it is getting back in the groove.

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I'm glad you find so much delight in people losing their jobs.



Please show anything in my post that indicated delight.

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Perhaps if you spend more time reading real news instead of the yahoo comics, you would develope some understanding of economics and your statements wouldn't look so foolish.



Uhhh, that article was from Reuters. I foolishly linked to it from yahoo, oh my. Maybe I can ask the 2 PHDs from Wharton or the MBA from Harvard in my office what their understanding of economics is. Oh wait, I did, in fact, they helped me to form my opinions. But you can continue gleaning single news articles about single economic indicators and using them to tout the great works of King George.

And I can post a hundred articles that dispute what you just posted. I love how you highlight the predictions which are just as accurate as the local weather man.

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I'm glad you find so much delight in people losing their jobs.



Please show anything in my post that indicated delight.

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Perhaps if you spend more time reading real news instead of the yahoo comics, you would develope some understanding of economics and your statements wouldn't look so foolish.



Uhhh, that article was from Reuters. I foolishly linked to it from yahoo, oh my. Maybe I can ask the 2 PHDs from Wharton or the MBA from Harvard in my office what their understanding of economics is. Oh wait, I did, in fact, they helped me to form my opinions. But you can continue gleaning single news articles about single economic indicators and using them to tout the great works of King George.

And I can post a hundred articles that dispute what you just posted. I love how you highlight the predictions which are just as accurate as the local weather man.



Don't diss weathermen!

"..a deficit that will be small and short lived" has to be one of the most erroneous predictions of all time.
...

The only sure way to survive a canopy collision is not to have one.

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