TheAnvil 0 #1 June 28, 2004 http://www.foxnews.com/story/0,2933,123974,00.html You were saying, Mr. Kerry et al? Vinny the AnvilVinny 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
Nightingale 0 #2 June 28, 2004 so long as my friends are getting shot at in Iraq, I really don't care much about the economy. Quote Share this post Link to post Share on other sites
Gravitymaster 0 #3 June 28, 2004 The question is: What will Kerry find to whine about next? I think with the hand over of Iraq, the economy will start to become more newsworthy and this will strenghthen GWBs bid for re-election. I expect his poll numbers to begin to rise. Quote Share this post Link to post Share on other sites
DrunkMonkey 0 #4 June 28, 2004 Quotehttp://www.foxnews.com/story/0,2933,123974,00.html You were saying, Mr. Kerry et al? Vinny the Anvil Ah, yes...Fox News...The Mininistry of Propaganda is running quite well, Mein Fuhrer... Taking FoxNews at face value is about as dumb as taking Michael Moore at face value... Quote Share this post Link to post Share on other sites
PhillyKev 0 #5 June 28, 2004 From your article about consumers spending more: "With spending outpacing income growth" Some other economic articles out in the past couple days. Treasuries Recoil from Signs of Inflation Quarterly GrowthSlashed, Inflation Up Fewer Firms Hiring in 2nd Half of Year Quote Share this post Link to post Share on other sites
TheAnvil 0 #6 June 28, 2004 Ministry of Propaganda, eh? Find the error or distortion in the article then. Always nice to see leftists scorn FoxNews. Understandable, though. FoxNews took away the leftist monopoly on media outlets and they've been infuriated ever since. 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
TheAnvil 0 #7 June 28, 2004 All based on projections. How nice. Glad to see the left leaning press is hard at work too. I should be so disappointed if they weren't. 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
larsrulz 0 #8 June 28, 2004 http://money.cnn.com/2004/06/28/news/economy/personal_spending_income/index.htm I assume cnn is good enough? I got a strong urge to fly, but I got no where to fly to. -PF Quote Share this post Link to post Share on other sites
PhillyKev 0 #9 June 28, 2004 Up, treasurey prices slipped, last quaters numbers slashed, blue chips finished in red, unemployment claims rose. Fyi....by definition, past tense figures aren't projections. Ohhh, that evil left leaning Reuter and their slanted fact and figures from the Treasury department reports. They're so much more slanted and vague than your "consumer sentiment" article. Quote Share this post Link to post Share on other sites
wmw999 2,589 #10 June 28, 2004 From The Economist. Just because the current picture is pretty doesn't mean the foundation is good. A poorly-built house still looks good on closing day. BTW, this is about the global economy, not just the US. They do subscribe to the interesting belief that the US is part of the world economy. Wendy W.There is nothing more dangerous than breaking a basic safety rule and getting away with it. It removes fear of the consequences and builds false confidence. (tbrown) Quote Share this post Link to post Share on other sites
lawrocket 3 #11 June 28, 2004 I think we're looking at something similar to the 90's right now. Things are looking good, and we are rebounding nicely. On borrowed money. Look at the housing market. You've got lots of people (millions) who have purchased property using adjustable rate loans with tail-end balloon payments. Many are making interest only payments for the time being. Those payments will come due. They will rise. They will be rising in interest and principal payments will also need to be made. I get the feeling there are going to be some foreclosures soon. Currently, my wife and I are speculating that this will occur, and we are positioning ourselves to ride the wave of foreclosures that I expect to start in the next year or so. With the amount of debt our nation is in, I can see something like that occurring. Those debts will come due, and the US is spending like there is no tomorrow. The solution is not to raise the taxes and income, it is to stop spending like that. I love the Economist. Thanks, Wendy. My wife is hotter than your wife. Quote Share this post Link to post Share on other sites
billvon 3,120 #12 June 28, 2004 Remember - when the economy is doing poorly, blame your opponent for the economy. If it's doing well, take credit. And since the economy is pretty independent of who the president is, you can do each about 50% of the time! Quote Share this post Link to post Share on other sites
kallend 2,150 #13 June 28, 2004 QuoteRemember - when the economy is doing poorly, blame your opponent for the economy. If it's doing well, take credit. And since the economy is pretty independent of who the president is, you can do each about 50% of the time! I think it reasonable to blame an administration that takes action to reduce revenues, and simultaneously increases the size of government and government spending, if the deficit then reaches record levels.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
DrunkMonkey 0 #14 June 28, 2004 I like feta cheese. It's good with Gyros. Quote Share this post Link to post Share on other sites
kelpdiver 2 #15 June 28, 2004 Quotehttp://www.foxnews.com/story/0,2933,123974,00.html You were saying, Mr. Kerry et al? Using a single metric as proof of anything is mediocre economics. May also had a record increase in new home sales. Sounds great, but April had a historically high plunge in new home sales, at least when it was announced. Later the metric was revised downward by 50%, and this May stat may well be too. And nevermind that new homes sales are a small portion of the real estate market. Quote Share this post Link to post Share on other sites
Gawain 0 #16 June 28, 2004 QuoteQuotehttp://www.foxnews.com/story/0,2933,123974,00.html You were saying, Mr. Kerry et al? Vinny the Anvil Ah, yes...Fox News...The Mininistry of Propaganda is running quite well, Mein Fuhrer... Taking FoxNews at face value is about as dumb as taking Michael Moore at face value... You obviously missed the by-line which says: "Associated Press" So, is AP not worth of some face value? 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
gjhdiver 0 #17 June 29, 2004 Quotehttp://www.foxnews.com/story/0,2933,123974,00.html You were saying, Mr. Kerry et al? Vinny the Anvil Ooo boy. Fox News. Now there's a good unimpeachable source. I work in the market, and let's just say that the long term indicators are by no means pointing to a recovery yet. Also, it doesn't matter if the economy creates millions of low paying jobs in the service sector or high tech. It's whether good long term manufacturing jobs are created in the crucial swing states before Novermber that's going to be the deciding factor in deciding who gets to be in office for the next four years. That and the fact that the current administration has rung up a historic deficit that is going to slow a genuine recovery for quite some time. Remember the surplus ? Wonder what happened to that ? Oh yes, it got pissed away. Never mind eh. Quote Share this post Link to post Share on other sites
TheAnvil 0 #18 June 29, 2004 Manufacturing jobs now, eh? Just any old job isn't enough. Perhaps you're onto something, perhaps not. I don't like the diminishing of American manufacturing might - hence my anti-union/socialism bent - but don't think that sector of American industry has gone the way of the dodo quite yet. Electing a man backed by socialists who is whiskey bent and hell bound on socializing medicine and pumping more $$ into a broken (union controlled) education system will REALLY help out that deficit, wouldn't it? 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
PhillyKev 0 #19 June 29, 2004 Quotedon't think that sector of American industry has gone the way of the dodo quite yet. No, but GWB's free trade pacts with nations that allow workers to be exploited giveing them an unfair competetive advantage is rushing us toward that end. I support free trade with democratic nations that have minimum wage laws above the poverty level, that have minimum safety requirements, that enforce child labor laws, and that adhere to international treaties that effect industry such as pollution controls. GWB isn't that discriminating. Quote Share this post Link to post Share on other sites
kelpdiver 2 #20 June 29, 2004 Quote No, but GWB's free trade pacts with nations that allow workers to be exploited giveing them an unfair competetive advantage is rushing us toward that end. Wasn't that called NAFTA? We have a one party system on this subject. Quote Share this post Link to post Share on other sites
Ron 10 #21 June 29, 2004 QuoteI support free trade with democratic nations that have minimum wage laws above the poverty level, that have minimum safety requirements, that enforce child labor laws, and that adhere to international treaties that effect industry such as pollution controls. GWB isn't that discriminating. NAFTA...And didn't you lefties get all bent out of shape when GWB backed out of the Canadian Lumber since it was unfair to our lumber industry? Ya blamed him FOR NAFTA, then slammed him when he wanted it to be fair? WOW"No free man shall ever be debarred the use of arms." -- Thomas Jefferson, Thomas Jefferson Papers, 334 Quote Share this post Link to post Share on other sites
PhillyKev 0 #22 June 29, 2004 Uhhh...no. NAFTA was between only the US, Canada and Mexico. None of which fit that description. Quote Share this post Link to post Share on other sites
PhillyKev 0 #23 June 29, 2004 Uhhh, I have no problem with NAFTA, I think it was a good thing. Not sure who would blame GWB for it especially since Clinton was the one who put it through. I also didn't have a problem with the tariffs on Canadian softwood being reduced. Some of us don't have to be spoon fed what to think by a political party. Clearly, others do. Quote Share this post Link to post Share on other sites
TheAnvil 0 #24 June 29, 2004 Oh yes. And Monsier Kerry will fix ALL of that via WTO remedies and new trade agreements. Get real.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
PhillyKev 0 #25 June 29, 2004 Kerry no free trade: QuoteI have been fighting to have labor and environment standards in trade agreements. I worked to make sure we had it in the Jordan agreement and in the Vietnam side agreement. You didn't need it in Chile is because they have high standards and they enforce them. The important thing is, I would not support the Free Trade of the Americas Act or the Central American Free Trade Act until they have stronger standards in them. If they sent them to my desk, I'd veto them. QuoteI don't support the Free Trade Agreement of America nor the Central American Free Trade Agreement as it is today because they do desperately need to have increased labor standards, environment standards, to bring other countries up. You can't have trade be a rush to the bottom, and you can't leave other nations with a one-way street, and you can't abuse people the way it has been. It would be wonderful to have a president who could find the rest of the countries in this hemisphere. And I will do that. QuoteIt would be a terrible mistake for the US to suddenly try to button up and move away from globalization. It's happening, no matter what. We have to manage it more effectively. What we need is not to cancel NAFTA. We need trade. Fritz Hollings had a great article in the paper today with a number of things that would make sense to do. What's missing is a president who is prepared to negotiate to keep it from being a rush to the bottom, to raise the standards for people. We can negotiate a raising of the standards of labor and environment. The US could be the marketer of sustainable development practices, and still open markets for us. We need to export our capitalism and our democracy. They go hand in hand. But we need a president who is prepared to negotiate the tough trade agreements that protect people. QuoteVoted YES on extending free trade to Andean nations. HR3009 Fast Track Trade Authority bill: To extend the Andean Trade Preference Act, to grant additional trade benefits under that Act, and for other purposes. Vote to pass a bill that would enlarge duty-free status to particular products from Colombia, Bolivia, Peru, and Ecuador, renew the president's fast-track authority and reauthorize and increase a program to make accessible retraining and relocation assistance to U.S. workers hurt by trade agreements. It would also approve a five-year extension of Generalized System of Preferences and produce a refundable 70 percent tax credit for health insurance costs for displaced workers. QuoteVoted YES on expanding trade to the third world. Vote to expand trade with more than 70 countries in Africa, Central America and the Caribbean. The countries would be required to meet certain eligibility requirements in protecting freedoms of expression and associatio Quote Share this post Link to post Share on other sites
