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post #191 of 286 (permalink) Old 05-13-2008, 02:57 PM
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Good resource. Thanks for posting that.

That is a very interesting report. It is one of the few that addresses both the current unemployed [those drawing benefits] and those who are no longer eligible for benefits or have dropped out of the system.

What most folks do not seem to understand is that as the population has increased 5% is now a more significant number than it was even 25 years ago when we had 80 million few Americans. That is exacerbated by the number of piece work and manufacturing jobs moved to Mexico, Latin America, China and India.

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post #192 of 286 (permalink) Old 05-13-2008, 04:02 PM Thread Starter
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Yep, that's me. Sneaking on the DoL BLS website changing all their numbers just to make Bushie and the Mighty28 look bad when they drift from Fact-based Reality.

You should see what the REAL Public Debt numbers were before I got on the Treasury site and started adding up extra zeros and stuff.


Well not exactly extra ZEROS. There was only ONE ZERO in the factor.

But I got its picture.
There you go again... Presenting only those few statistics that seem to agree w/ your leftwing view of the world. You give selectivity a bad name! A very bad name!!

Don't believe everything you think
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post #193 of 286 (permalink) Old 05-13-2008, 06:30 PM
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There you go again... Presenting only those few statistics that seem to agree w/ your leftwing view of the world. You give selectivity a bad name! A very bad name!!
Yep, taking 18 years of continuous unemployment statistics from the government source and noting that 25% were under the 5% threshold, and in the Clinton Administration is really narrowing down my statistical pool to only present a biased view. I just can't seem to help myself.

Now I could have gone with the MAJORITY number and noted that nearly 75% of the numbers were at 5% or higher and were either directly connected with Bush1 or Bush2 but that would have just been too obvious.

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post #194 of 286 (permalink) Old 05-13-2008, 07:14 PM Thread Starter
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Yep, taking 18 years of continuous unemployment statistics from the government source and noting that 25% were under the 5% threshold, and in the Clinton Administration is really narrowing down my statistical pool to only present a biased view. I just can't seem to help myself.

Now I could have gone with the MAJORITY number and noted that nearly 75% of the numbers were at 5% or higher and were either directly connected with Bush1 or Bush2 but that would have just been too obvious.
Get a grip ol' man...

Don't believe everything you think
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post #195 of 286 (permalink) Old 05-13-2008, 07:19 PM
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Get a grip ol' man...

I think we all know what you have a flaccid, limp, loose, drooping and lifeless grip on.........but a grip none the less...............
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post #196 of 286 (permalink) Old 05-13-2008, 07:50 PM
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Heres a little tid-bit you guys can devour.

May 12, 2008 1:32PM
The Argument Against the Doom and Gloom Crowd
By Elizabeth MacDonald

The doom and gloomers are out in force, but don’t be fooled by their blinkered concretism when it comes to the health of the US economy.

Listen I’m a realist, I’m no Pollyanna, I know there’s acute pain out there and that this economy may be in the weeds for a few years now. We won’t know whether the recent 0.6% GDP quarterly growth rate gets adjusted downward for a few months from now, so we won’t know whether the US economy is in a recession. Many say we are.

But the doom and gloomers ignore the fact that the US economy has been growing at breakneck speed for five years, and any growth, no matter how fractional, is huge as it comes off a massive $12t economic base. It’s more, too, then the fact they shy away from this bit of info, that the US economy has added something like the equivalent of five Saudi Arabias, or one Great Britain or China since the the Bush tax cuts of 2003.

The doom and gloomers ignore too this fact, that financial booms and busts have been a hallmark of the world economy historically, with more than 30 such severe busts since the first one, the south sea bubble of 1720 and ending with the ‘87 crash, according to Charles Kindleberger’s “Manias, Panics and Crashes.” Since then, the US economy has seen two recessions, and two busts, the dotcom crash and now two more joined at a meta-hip, the housing and credit crisis.

A market pro also disgruntled by the crowd that wants you to slam your door shut and get out the nail gun is Brian Hamilton, who runs the stock market and economic research firm Sageworks of Research Triangle Park, NC. He says: “I am not sure that the news coverage remotely reflects what is really going on in our economy.”

Here’s Hamilton’s dose of reality, adding more to the broad-zoom perspective I have been advocating since the fall. Hamilton now takes the stage:

1.US employment: Today, our unemployment rate is roughly 5%. Last year at this time, the unemployment rate was 4.5%. Five years ago, the rate was 6%. The average rate of unemployment over the past 50 years is 5.86%. So, the rate of unemployment is higher today than a year ago, but it is by no means stark. A fair number of economists have set the “natural” rate of unemployment at about 6% to account for those people temporarily off of payrolls. Some would argue that the current trend is bad, but they typically go too far in assuming that small trends will become long-term trends. (These are the same types of forecasters who, in the 60s, projected overpopulation would cause worldwide economic calamity);

2. Disposable income: The average household income in 2006 was $48,201. In 2005, it was $46,326. Ten years ago it was $38,885. Real US disposable income has been rising nicely for over 40 years. On balance, it would be extremely difficult to contend that people have a lower standard of living today than five years ago;

3. US inflation: The current rate of inflation is 3.98%. Last year, it was 2.78%. Over the past 50 years, the average rate has been about 4.10%. While gas prices are definitely a problem in the US right now, especially for lower and middle income earners (and especially with relation to our dependence upon foreign oil), overall price inflation is acceptable and even positive. Do you remember the late ’70s? Starting in the late ’70s, Paul Volcker’s Federal Reserve made a great effort to curb the devastating effects of inflation in the United States;

4. U.S. interest rates: If you want to buy a house today, the average 30-year mortgage will cost you 5.97%. Ten years ago, the same interest rate might have been 7.13%. Thirty years ago, the rate would have been 9.2%. The “credit crunch” we are experiencing (whatever that is; I have yet to hear an acceptable or uniformly applied definition of “credit crunch”) might be noise on the screen, but people and businesses are still able to borrow cheaply, which is all that counts on an aggregate level. In order for banks to make money, they need to lend money. Let’s assume that banks want to make money. If they lend money at low rates of interest and people are buying things, this component will be fine;

5. U.S. GDP growth: In the last quarter, GDP growth was 0.6%, which, while nothing to write home about, is positive, not negative. Last year, GDP growth was 2.2%. Five years ago, it was 2.5%. The average real rate of GDP growth for the past 50 years has been 3.31%. It is clear that GDP is slipping today, which is not good at all, but real GDP growth is still positive, albeit anemic. It makes sense that, after almost 10 years of high growth, it might slow down for a short time. (Keep in mind that the average “recessionary” GDP cycle has been about 11 months, while the average expansionary cycle has been about four years.)

Hamilton adds that: “So, while the US economy is admittedly slowing, if you use basic and reliable economic data, it seems clear that, despite what you hear daily throughout–almost literally–the entire media world, we are not in a recession.”

Emac’s Stock Watch | Fox Business
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post #197 of 286 (permalink) Old 05-13-2008, 09:08 PM
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Wrong paradigm. You will be shot at sunrise.

The biggest problems we are facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all and thats what I intend to reverse.

~ Senator Barack H. Obama
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post #198 of 286 (permalink) Old 05-14-2008, 06:57 AM
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well hoping for all your sakes you are right,

cant believe the way the public in your country blindly follow the parrasites that have been in power for the last few yrs. ! ! ! i think pink had it right in her vocals, ! but any ways , dont be surprised if it all falls down like a stack of cards, meanwhile, bush, rumsfeld, cheney and the rest of the scum walk merrily out of the steaming pile of crap they leave behind . ! ! ! just watching from a far . !

good luck to you all. !
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post #199 of 286 (permalink) Old 05-14-2008, 09:16 AM Thread Starter
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I thought there was a rule here about not letting members post drunk--or naked...

Don't believe everything you think
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post #200 of 286 (permalink) Old 05-14-2008, 09:24 AM
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I thought there was a rule here about not letting members post drunk--or naked...

So you old queen, is there anything you want to tell us about the backyard that you share with Anthony & Sylvan..............

Swimming Pools & Spas Anthony & Sylvan
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