Anonymous Report This Comment Date: September 13, 2005 02:33AM
We are in a recession? Dang. I must have missed that item in the paper.
Let's see now, today, the Dow Jones index closed at 10,600+. Not bad at all.
Let's see, Toyota and Honda are on a pace to sell more new vehicles in the US
this year that they ever have. Not bad at all. New home starts are strong, the
unemployment rate is low by historical standards and this information comes from
the OMB (non-partisan) and is half that of Germany or France. According to the
officials that track the economy, the US is NOT in a recession.
The US was financially unprepared to handle Katrina? Dude, guess you can't read
or are too lazy to read....Congress just gave $62 billion plus to aid in the
disaster recovery. Doesn't sound "financially unprepared" to me.
As far as the delay in handling the emergency, you can lay that blame on the
mayor of New Orleans and the governor of Louisiana...the "first
responders" who didn't.
Liberals crack me up.
aDCBeast Report This Comment Date: September 13, 2005 02:51AM
Anonymous@9144
Congress gave 62 billion in aid while the real cost is 300 billion. That is why
Clinton and Bush I are on the begging tour again.
the economy has been living on government money. More specifically occupation
and terrorism money from congress. That is why defense contractors are preparing
for layoffs next year as congress exercises "Fiscal retraint". No more
congressional handouts will lead to a double dip recession.
The DOW has remained steady which is a symptom of uncertainty. The NASDAQ has
been in the shitter since 2000. It is still down 60%. that means american
technology is falling behind.
If you need to tell yourself lies to get by fine, but expect people around you
think you're nuts.
Anonymous Report This Comment Date: September 13, 2005 04:07AM
Liberal left, post more shit that no one believes, `show`s the frustration of
the radical left and a party in decline.
Hahaha Report This Comment Date: September 13, 2005 04:19AM
-"Congress gave 62 billion in aid while the real cost is 300
billion"
Perhaps this is because the Gov. thinks private citizens should give the rest
voluntarily instead at the tip of the sword... but more likely the 62 billion is
just the first installment, since we don’t KNOW the full costs
yet.
-“the economy has been living on government money. More specifically
occupation and terrorism money from congress.”
The economic recovery (GDP has grown ~3.5+%/year for ~2.5 years) is very broad
based and not at all confined to the defense or “occupation”
industries (look at BEA data) … It is probably true that some portion
of the recovery has come from government spending. But remember that if the
government has to borrow the money, then real interest rates should go up (or at
least be higher than they otherwise would have been) and if they tax people for
the money, then people have less money for spending and investing, both of which
fuel growth.
-“That is why defense contractors are preparing for layoffs next
year…”
Interesting… I’m an aerospace engineer, and I have many
aerospace friends in various companies – and none of them have told me
they are worried about layoffs. But it could be true…
-“No more congressional handouts will lead to a double dip
recession.”
This is entirely possible. But there are a lot of factors that could collude to
produce a second recession (for example higher interest rates leading to
falling/stagnating house prices, or higher gas prices…
that are not under congress’ control.
-“The NASDAQ has been in the shitter since 2000. It is still down 60%.
that means american technology is falling behind.”
That’s not what it means at all. It means that NASDAQ (they are not
ALL American) companies are more fairly valued at today’s valuation
and that there was an asset bubble in 2000… Perhaps you remember lots
of unprofitable dotcoms having a higher market value than profitable
“old-school” companies (like General Mills).
-“If you need to tell yourself lies to get by fine, but expect people
around you think you're nuts.”
Exactly.
Hahaha Report This Comment Date: September 13, 2005 04:25AM
That last post kinda screwed up...
-"Congress gave 62 billion in aid while the real cost is 300
billion"
Perhaps this is because the Gov. thinks private citizens should give the rest
voluntarily instead at the tip of the sword... but more likely the 62 billion is
just the first installment, since we don't KNOW the full costs yet.
-"the economy has been living on government money. More specifically
occupation and terrorism money from congress."
The economic recovery (GDP has grown ~3.5+%/year for ~2.5 years) is very broad
based and not at all confined to the defense or "occupation"
industries (look at BEA data)... It is probably true that some portion of the
recovery has come from government spending. But remember that if the government
has to borrow the money, then real interest rates should go up (or at least be
higher than they otherwise would have been) and if they tax people for the
money, then people have less money for spending and investing, both of which
fuel growth.
-"That is why defense contractors are preparing for layoffs next
year..."
Interesting... I'm an aerospace engineer, and I have many aerospace friends in
various companies – and none of them have told me they are worried
about layoffs. But it could be true...
-"No more congressional handouts will lead to a double dip recession."
This is entirely possible. But there are a lot of factors that could collude to
produce a second recession (for example higher interest rates leading to
falling/stagnating house prices, or higher gas prices...) that are not under
congress' control.
-"The NASDAQ has been in the shitter since 2000. It is still down 60%. that
means american technology is falling behind."
That's not necesarily what it means at all. It is much more likely that it
means that NASDAQ (they are not ALL American) companies are more fairly valued
at today's valuation and that there was an asset bubble in 2000... Perhaps you
remember lots of unprofitable dotcoms having a higher market value than
profitable "old-school" companies (like General Mills).
-"If you need to tell yourself lies to get by fine, but expect people
around you think you're nuts."
Exactly.
slslea Report This Comment Date: September 13, 2005 04:58AM
Dude I can buy country for 62 billion that should be more then enough.
John_Stone Report This Comment Date: September 13, 2005 05:46AM
I don't know about all those there numbers y'all are quoting, but I'll wager
that the next crisis that hits the U.S. will be a big, fat economic crisis. And
if the currency traders opt out of the dollar for, say, the euro, or the yuan,
there'll be nothing short of nothing that will be able to stop the slide. And
that will be bad.
Community currencies now.
aDCBeast Report This Comment Date: September 13, 2005 07:40AM
slslea
Buying a piece of the US of A costs more than most countrys.
Anonymous Report This Comment Date: September 13, 2005 03:06PM
[
www.plus613.com]
YOU SHOULD HAVE ELECTED ME!!!
aDCBeast Report This Comment Date: September 13, 2005 03:11PM
Anonymous@121121
The US could have elected big gay al from south park and done better.
Anonymous Report This Comment Date: September 13, 2005 05:43PM
[
www.plus613.com]
YOU SEE WE TOLD YOU SO..
