[Serial Midget]

Well N8, even though I am fairly confident that you are incapable of independent thought… I do sometimes like a good laugh.

Some months past you were Copy McPaste’ing just about every article you could find that seemed to suggest a strong economy and bright outlook for job growth. Of course you titled such dribble as “What the Dems don’t want you to know” and credited the Bush administration with a job well done. Many respondents to your posts pointed out that the data was not conclusive and often at odds with their firsthand experience. Now that a few months have past and the data has settle out a bit, it now seems obvious that all the backslapping you were doing for Bush was based on inconclusive and inaccurate data. I am not aware of any revision that moved the jobs numbers up – perhaps you could fill us in?

How do you respond to the economic indicators of the last few weeks? They are not real good news for the Bush administration and seem to contradict what you have been shoving down our throats. Try to come up with something on your own, your copy and paste routine is bullsh*t and intellectual cowardice of the lowest level. You have bombarded this board with so much "Bush is the Messiah" type links and articles that I think it is time you defend your views IN YOUR OWN WORDS.

OK, have a nice day.

And remember - just because Bush says it does not make it true, even his declared victory in Iraq seems a bit optimistic.

 

[Toshi]

in particular: http://news.bbc.co.uk/1/hi/business/3542238.stm

Estimates for new jobs in July had varied from 125,000 to 240,000, and markets around the world were stunned by the actual figure [ed: of 32,000].

"This is shockingly low and that's two months in a row now, and they even revised the number down for June and May as well," said Robert MacIntosh, chief economist at Eaton Vance Management in Boston.

 

[valve bouncer]

Good luck with that SM.

 

[jdcamb]

Hmm quiet around here..... Maybe Stosh's G/F has N8's balls too??

 

[Serial Midget]

Good luck with that SM.

Hope over experience... worth a shot anyway. neaky:

 

[narlus]

<tumbleweed blows by>

 

[Tenchiro]

He is unwravelling the liberal media conspiracy right now in an attempt to refute your statement.

Go N8, it's your birthday!

 

[BostonBullit]

this one's easy....didn't you see that Kerry was up a couple pts in the latest polls? it's obviously the economys reaction to the possability of him being elected. just imagine how bad it will get if it actually happens, with luck we may never know

 

[N8 v2.0]

Gosh you kids... I take a few hours off to enjoy a couple martini's and yummy dinner and eveyone starts missing me..

Awwwwwwwwwwwwwwww....

:heart: :heart: :heart:

 

[Changleen]

Aaarrrrggghhhhh!

 

[Changleen]

Do you guys think I take this too seriously? Is it right to get so wound up about about the section of the US population N8 represents? I mean, sometimes I really can't believe... the attitude... the utter, utter lack of perspective...

 

[Serial Midget]

The time frame of your assertion does not add up... sorry chump. The numbers were revised down for April and May, the numbers for June and July are subject to change but are pretty bad. Number one in the mind of the American voter is the economy - the war on terrorism won't mean much if the populace continues to feel the pinch in the pocketbook.

this one's easy....didn't you see that Kerry was up a couple pts in the latest polls? it's obviously the economys reaction to the possability of him being elected. just imagine how bad it will get if it actually happens, with luck we may never know

 

[Serial Midget]

Do you guys think I take this too seriously? Is it right to get so wound up about about the section of the US population N8 represents? I mean, sometimes I really can't believe... the attitude... the utter, utter lack of perspective...

Engh... Nate is like the Wizard of Oz. Take away to copied and pasted propaganda crap and you have no substance. His response to my serious question proves that quite clear.

 

[LordOpie]

In N8's defense, he has admitted ignorance about economics. Since it's not October, the numbers still mean nothing. Those numbers get revised several times the couple of months afterwards. As you (SM) say, "inconclusive and inaccurate". Economics isn't a B&W topic.

For example, they're talking about re-labeling the economics of the past few years and suggesting the GDP data shows that we weren't actually in a recession, despite horrible employment numbers.

 

[Silver]

In N8's defense, he has admitted ignorance about economics. Since it's not October, the numbers still mean nothing.

That's never stopped him from posting about it before. He's only ignorant when someone calls him out...

 

[LordOpie]

That's never stopped him from posting about it before. He's only ignorant when someone calls him out...

why don't you go make us some BLT sandwiches and leave the thinking to me?

:devil:

 

[Serial Midget]

I held my words until I felt the trend was pretty solid. The employment numbers are actually conclusive at this point, especially telling is the fact that employee hours are down - meaning that full time hourly workers are working fewer hours per week now than they were at the beginning of the year. Also troubling is the fact that real wages - the money in your pocket - have fallen behind the rate of inflation.

So... where I live the unemployment rate is now four pioints higher than it was when Bush took office, somewhere around eleven percent. The ecomomic "turn around" that Bush talks about is not happening here... or in Ohio and any number of other regions and states.

I suggest that jobs and the economy are far more important to the average voter than the "war on terrorism" or that little deal we have going in Iraq.

In 's defense, he has admitted ignorance about economics. Since it's not October, the numbers still mean nothing. Those numbers get revised several times the couple of months afterwards. As you (SM) say, "inconclusive and inaccurate". Economics isn't a B&W topic.

For example, they're talking about re-labeling the economics of the past few years and suggesting the GDP data shows that we weren't actually in a recession, despite horrible employment numbers.

 

[Serial Midget]

why don't you go make us some BLT sandwiches and leave the thinking to me?

Because the last thing you need is more fat and you're not bright as you think you are. :evil:

 

[golgiaparatus]

A great economic indicator is my profession. Advertising, when the economy os booming I am busy all the freakin time. When it isnt booming, no one wants to spend cash on advertising.

Guess what, I'm not very busy.

 

[Westy]

I can only guess that N8 has been feverishly searching news reports and right wing web sites so he can cut and paste a possible response to SMidgets challenge.

 

[golgiaparatus]

I can only guess that N8 has been feverishly searching news reports and right wing web sites so he can cut and paste a possible response to SMidgets challenge.

345

 

[MTB_Rob_NC]

I can only guess that N8 has been feverishly searching news reports and right wing web sites so he can cut and paste a possible response to SMidgets challenge.

In N8's defense it is apparent he has been very very busy pondering a very serious software delima.


http://www.ridemonkey.com/forums/showthread.php?t=93735

Step 1 click, step 2 right click... neaky:

 

[N8 v2.0]

M'kay... seems RideMonkey's own SM is feeling a tad bit depressed over the latest economic newz.

Here's what we learned last week:

1. Oil futures over $44/barrel (an all time high) based on terrorism etc.

2. Some 200,000 less jobs than predicted for the month of June (I think it was)

3. Dow Jones down under 10,000 for the first time in months

4. 30 year mortgage are under 6%

5. Consumer spending is sluggish

6. Housing starts are at a higher rate this year than last (at least in my area)

7. The deficit is some 240 trillion dollars...

So what's up...? Seems just a couple weeks ago everything was rosy and gay (not ghay). Last week we learned from the 'experts' that the US might not have actually had a ression after all... and now we have all this bad news.

I donno what's up. I read the same stuff everyone else does. I get the same financial advice most everyone else does.

I do know that there is a lot of tax incentives for businesses to buy capitol equipment again this year. The IRS is allowing 100% depreciation on it.

I don't think anyone has the true answer but we do know that it is impossible to tax a nation into a period of economic prosperity.

 

[LordOpie]

...but we do know that it is impossible to tax a nation into a period of economic prosperity.

aww, you were doing so well! And I was honestly rooting for you. But then you attempted to get into the actual economics.

Well, I applaud you nonetheless for the mostly sincere and honest post.

 

[N8 v2.0]

aww, you were doing so well! And I was honestly rooting for you. But then you attempted to get into the actual economics.

Well, I applaud you nonetheless for the mostly sincere and honest post.

I think even the 'experts' don't know what is actaully happening... however, it's probably all going to be good in the long run. Remember how sad everyone was after the stock market took a dump in 1987... then how happy they were 10 years later.

If economists were that good, they'd all be vastly wealthy now wouldn't they...

 

[LordOpie]

you should be a political writer. i'm amazed at how much you write without actually saying much

Remember how sad everyone was after the stock market took a dump in 1987... then how happy they were 10 years later.

You mean, five years after Clinton took office and started fixing everything?

Booyah! Smackdown! Shakalaka boobies!

 

[N8 v2.0]

you should be a political writer. i'm amazed at how much you write without actually saying much


You mean, five years after Clinton took office and started fixing everything?

Booyah! Smackdown! Shakalaka boobies!

Actually you can thank Ronnie RayGun for the '90's... we are reaping what Clinton sown now...

 

[Changleen]

So Bush is responsible for nothing that has gone wrong during his dictatorship?

 

[fluff]

Actually you can thank Ronnie RayGun for the '90's... we are reaping what Clinton sown now...

But you think the economy is doing well now, don't you?

Or are you not sure what you think anymore?

 

[LordOpie]

But you think the economy is doing well now, don't you?

Or are you not sure what you think anymore?

I wonder if he even understands what you're talking about. So...

N8 -- fluff's saying that if you think the economy is doing well now and you think that economic results takes 5+ years to manifest, then you can't give Bush any credit and you really are giving Clinton credit.

Watching N8 talk about economics is like watching a baby swim in a pool of piranhas. It's funny at first, but then you realize, it's a pointless mess.

btw, fluff, on behalf of America, thanks to your island for Keynes and helping us out with that whole great depression thing.

 

[N8 v2.0]

http://economics.about.com/cs/businesscycles/a/economic_ind.htm

 

[fluff]

http://economics.about.com/cs/businesscycles/a/economic_ind.htm

Aaaahhhhhhh, normal service resumed.

 

[fluff]

btw, fluff, on behalf of America, thanks to your island for Keynes and helping us out with that whole great depression thing.

Well, thank you guys for Prozac and helping us out with that other great depression thing..

 

[N8 v2.0]

Ohhh crap!

How is this possible? It must be a Bush lie. The economy is plunging into depression. We're all gonna die... nooooooooooooooooooooo!!!!!!!!!!!!



U.S. Productivity Stronger Than Expected
Reuters | 08/10/04 | Reuters

WASHINGTON (Reuters) - The productivity of U.S. businesses rose at a swifter-than-expected pace in the second quarter but labor costs still gained at their fastest rate in two years, the government said on Tuesday. Nonfarm business productivity rose at a 2.9 percent annual rate in the second quarter, the Labor Department said, well ahead of the 2 percent gain expected by Wall Street.

Despite the solid efficiency gains, the cost of labor per unit of production increased at a 1.9 percent clip as hourly compensation, which includes both wages and benefit costs, climbed at a sharp 4.9 percent rate. The rise in unit labor costs was just below the 2 percent increase forecast by private economists.

Because labor represents the biggest production expense for businesses, the rise in unit labor costs suggests worker compensation could begin eroding profits, unless firms can raise their selling prices.

The latest data offers a reminder to officials at the Federal Reserve, who gather on Tuesday to mull interest-rate policy, that cost pressures could be slowly building.

However, any sting from the latest rise in unit labor costs was tempered by a downward revision to the measure for the first quarter, which was lowered to a 0.3 percent advance from the previously reported 0.8 percent gain.

Most analysts expect Fed officials to raise overnight borrowing costs by a quarter-percentage point to 1.5 percent on Tuesday, although some think the central bank may hold its fire in the wake of a weak report on jobs creation released on Friday.

The Fed is expected to announce its decision at about 2:15 p.m.

 

[MTB_Rob_NC]

Ohhh crap!

How is this possible? It must be a Bush lie. The economy is plunging into depression. We're all gonna die... nooooooooooooooooooooo!!!!!!!!!!!!



U.S. Productivity Stronger Than Expected
Reuters | 08/10/04 | Reuters
in the wake of a weak report on jobs creation released on Friday.

The Fed is expected to announce its decision at about 2:15 p.m.

Less people doing more work = higher productivity f%'s. Some economic theories are not that hard to understand. Now if Jobs created and productivity could see gains together that would be great.

 

[N8 v2.0]

Less people doing more work = higher productivity f%'s. Some economic theories are not that hard to understand. Now if Jobs created and productivity could see gains together that would be great.

Or, maybe there was a lot of people not doing anything to contribute to productivity who are now unemployed.

That's a good thing...

 

[LordOpie]

Or, maybe there was a lot of people not doing anything to contribute to productivity...

you mean like posting links to partisan articles lacking substance?

 

[MTB_Rob_NC]

Or, maybe there was a lot of people not doing anything to contribute to productivity who are now unemployed.

That's a good thing...

Wow N8 with an actual thought on his own. Very good , wait you sure you didnt ctrl-c that from some where else?

However the most recent "negative" jobs indicator was not "unemployment" but jobs created. So actually I mis spoke if you will. I should have said something like... Not enough new employees making new stuff, the same # of employees are now working harder to produce at least the same level of goods, increasing the productivity %. It is still a good thing, but not NEARLY as good as if it could be combined with another economic indicator such as actual rising production (of goods) and or a decrease in unemployment or increase of jobs created.

Get it?

 

[N8 v2.0]

I thought the increase in productivity and decrease in jobs was due to robots and illegal labor...

 

[N8 v2.0]

More cutty-paste....

• 
  Friday's report also showed that a survey of jobs taken by sampling households rather than businesses registered a gain of 629,000 in July. Hourly earnings and hours worked were up. The economy has now gained 1.2 million jobs since the start of the year, winning back two-thirds of those lost in the recession Bush inherited from Clinton.

• Second-quarter profits for the 900 companies tracked by Business Week rose an incredible 32 percent. Business investment is soaring, up 14 percent for the year. The Institute for Supply Management's measure of manufacturing activity, which includes orders, inventories and employment, is at lofty levels not seen since the 1980s.

• Over the past 12 months, David Malpass of Bear Stearns points out, the U.S. economy--measured by our GDP--has grown at a rate of 4.8 percent. That's faster than in any 12-month period during the Clinton administration and three times as fast as Germany and France are growing.