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#1035688 - 09/05/08 05:49 PM Re: Economic News X O
GuitarDude Offline
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Good point Xodus. I have yet to see a newspaper where the Jobs section was empty.
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#1035690 - 09/05/08 05:50 PM Re: Economic News Yossarian
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Originally Posted By: Yossarian
Originally Posted By: Pale Rider
Since Bush has been President, the unemployment rate has remained under 6.3% and averaged 5.2% (In Clinton's eight years it remained under 7.3% and also averaged 5.2%.)



wow, we are in a tight spot!

Bush has only done as well as Clinton..............


Nice use of statistics, here.

A few details PR would prefer that you didn't know:

The unemployment rate of over 7% during Clinton's term was the rate he inherited from his predecessor, the first George Bush

Unemployment fell EVERY YEAR under Clinton until it reached 3.9% for each of the last four months of 2000!

That was the unemployment history that Bush inherited. Now it is all the way up to 6.1%.

But PR thinks that Bush taking a low unemployment rate and having it go up is doing "as well" as taking a high unemployment rate and bringing it down as Clinton did!

Using averages to show that up is the same as down?



dear Yoss: you memory is messed up something fierce!

the economy was in freefall the last year of Clinton!!!!


A year before Bush took office, the stock market peaked and subsequently declined 8% by the end of 2000. The last four fiscal quarters under President Clinton showed steadily declining GDP growth rates of 4.8, 3.5, 2.4, and 1.9 percent, respectively. When Bush took office, the US Government was still operating under the fiscal budget signed by President Clinton, and would remain so for more than another eight months.

Within six weeks of Bush being sworn in, the economy was officially in recession.
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#1035692 - 09/05/08 05:52 PM Re: Economic News Hated By Some
X O Offline
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it just amazes me how people want to blame everything that happens in this country on one person. obama gets elected and things get worse who's fault will it be? Bush's? Obama's? They get better is he the savior or did Bush's policies lead to that change?? The reality is the the Bush presidency was shaped by the events of 9/11 and the aftermath of that. When things do get better, and they will because they always do. Who gets the credit?
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#1035694 - 09/05/08 05:53 PM Re: Economic News Pale Rider
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Wow Pale, it took W only 6 weeks to kill our economy?
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#1035696 - 09/05/08 05:54 PM Re: Economic News Pale Rider
Yossarian Offline
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Nice attempt at changing the subject, which was unemployment.

Do you have any response to what I posted about that?

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#1035697 - 09/05/08 05:54 PM Re: Economic News X O
Hated By Some Offline
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Quote:
he has no policies that aren't congress's policies first.

seriously, just stop.

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#1035702 - 09/05/08 05:55 PM Re: Economic News Hated By Some
X O Offline
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have you ever heard of checks and balances? what do you think he has done that he wasn't allowed to do?
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#1035703 - 09/05/08 05:56 PM Re: Economic News GuitarDude
Pale Rider Offline
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Originally Posted By: GuitarDude
Wow Pale, it took W only 6 weeks to kill our economy?


alright! have you been to the Zilla School of Economics?
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#1035706 - 09/05/08 05:57 PM Re: Economic News Yossarian
Pale Rider Offline
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Originally Posted By: Yossarian
Nice attempt at changing the subject, which was unemployment.

Do you have any response to what I posted about that?



sure Buddy!

do you understand that the unemployment rate is a lagging indicator? it does not correlate well with terms of a President....

but that GDP will get you every time!!!!!!
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#1035707 - 09/05/08 05:59 PM Re: Economic News Pale Rider
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Pale, that class is in the afternoon. My morning class is Syllogist Reasoning 101: Create Your Own Cause and Effect Relationships
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#1035709 - 09/05/08 06:00 PM Re: Economic News Hated By Some
straw Offline
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Originally Posted By: Experience
Originally Posted By: straw
Originally Posted By: Experience
Quote:
Bush has only done as well as Clinton

market performance says that you are wrong. bf, amlf and vacuous think that you are right. ya'll must not be investors.


So then you posted this unemployment article for no reason, since the real issue is the stock market?

pale posted honest numbers, didn't he?

talk about the market. talk about unemployment. four more years of these policies, please!


Then why did you say look at the market after saying look at unemployment? (its ok Ron, we know.)

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#1035711 - 09/05/08 06:01 PM Re: Economic News Pale Rider
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Do you still claim that unemployment going up is doing "as well" as having it go down?

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#1035713 - 09/05/08 06:03 PM Re: Economic News straw
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By November 2001 the recession was officially over, just one month under Bush's own budget, weeks after 9/11 and just 10 months into a Bush Presidency.

It was an historically short and shallow recession. From 2003 through 2006, all under President Bush and a Republican Congress, real GDP grew over 3% per year, considered a healthy and sustainable pace.

By early 2008, the real economy had grown about 20% since Bush took office. Since President Bush took office, the economy has grown in every single fiscal quarter; there has been no quarter of negative real growth.

Are you better off now than you were eight years ago? If you are anywhere near average, yes. Personal, disposable, inflation-adjusted income grew 9% in the first six years under Bush.
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#1035715 - 09/05/08 06:04 PM Re: Economic News Pale Rider
X O Offline
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and it had nothing to do with Bush....
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#1035718 - 09/05/08 06:05 PM Re: Economic News Pale Rider
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Quote:
o you understand that the unemployment rate is a lagging indicator? it does not correlate well with terms of a President

it's an indication of something that happened more than 8 years ago?!

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#1035719 - 09/05/08 06:06 PM Re: Economic News Pale Rider
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why are democrats such whiners?

y'all should have come to Texas A&M and taken econ from Prof. Gramm
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#1035720 - 09/05/08 06:07 PM Re: Economic News Hated By Some
straw Offline
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Then why did you respond that the market really tells us the econmony is worse. Just make up your answer already.

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#1035721 - 09/05/08 06:07 PM Re: Economic News Hated By Some
Pale Rider Offline
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Originally Posted By: Experience
Quote:
o you understand that the unemployment rate is a lagging indicator? it does not correlate well with terms of a President

it's an indication of something that happened more than 8 years ago?!



the last year of Clinton

nice attempt at obfuscation; but woefully lacking...........
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#1035722 - 09/05/08 06:07 PM Re: Economic News straw
Hated By Some Offline
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because if he wants to try to hide the issue, i can move onto something else that relates to it to demonstrate the point from another angle.

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#1035723 - 09/05/08 06:08 PM Re: Economic News X O
KTMiteComply Offline
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only if I want to....
XoXo exactly what I was fixing to type when I read Pale's words. Bush has made some mistakes b/c he isn't perfect. We all are imperfect and live in an imperfect world! But wasn't the economy in the beginning of his term shaped by the tragedies of 9/11? Wouldn't reasonable minded people know that it takes time to recover from such a horrible event?
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#1035724 - 09/05/08 06:08 PM Re: Economic News Hated By Some
straw Offline
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Or, you believed his numbers and had to make up some other bull s@$t reason to support your premise. (its ok Ron, we know)

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#1035730 - 09/05/08 06:10 PM Re: Economic News straw
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i didn't believe his numbers but i didn't have the time to look them up when i posted that. the truth did come out, didn't it?

i see that your concern is more about attacking ron than addressing the economy.

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#1035731 - 09/05/08 06:11 PM Re: Economic News straw
X O Offline
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can anybody in this forum honestly say that their life is worse off than it was 8 years ago? Not I, I got out of all debt and saved enough money to take a year off from work to finish my degree in finance with an econ minor. yeah, life is rough... Thank you Bush for making it so hard on me...
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#1035732 - 09/05/08 06:11 PM Re: Economic News X O
X O Offline
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oh yeah, and i bought a boat and camper and spent all summer at the lake... life is rough.
Last edited by Xo Xo Xodus; 09/05/08 06:12 PM.
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A typical vice of American politics is the avoidance of saying anything real on real issues.
Theodore Roosevelt

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#1035734 - 09/05/08 06:12 PM Re: Economic News Yossarian
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Originally Posted By: Yossarian
Do you still claim that unemployment going up is doing "as well" as having it go down?


No answer? Still thinking?

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