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To: Bigoleelephant

First, you should remember that statistics are easily twisted to reflect whatever position you want...however..

On wages: Real wages does not reflect real income...
http://www.nationalreview.com/nrof_buzzcharts/buzzcharts200408270908.asp

In spite of that, real wages are up this year 4.2%

http://www.bls.gov/news.release/realer.nr0.htm

On employment growth:

Jobs are always the lagging indicator after a recession. High gains in productivity over the last four years depressed the labor market. When you factor in the availability of 12,000,000 illegals that are off the books, the points you mentioned are misleading.

The current unemployment rate is at 4.7 % That is full employment for all practical purposes. That reflects manufacturing and non farm jobs, but does not include the self employed.
http://www.bls.gov/news.release/empsit.nr0.htm

Poverty: Poverty rates hinge on far more than just economics. The "graying" of America and the continuing rise of unwed mothers and lack of father's income are factors. However, the calculation of poverty is a strange subject anyway. Apparently there are 48 diffferent thresholds for poverty depending on the make up of the person being classifies. There is no parameter for the impoverished's locale. Here are some references:

http://pubdb3.census.gov/macro/032006/pov/toc.htm
http://www.census.gov/hhes/www/poverty/poverty.html
http://www.census.gov/hhes/www/poverty/overview.html

On personal savings: This is a total red herring. Personal savings have been on a downward trend since the 1980's. Personal savings does not reflect capital gains such as appreciation of housing. Lack of personal savings reflects more of a difference in modern finance than a bad trend. This is a good explanation here.

http://www.frbsf.org/publications/economics/letter/2002/el2002-09.html


From experience, your lib friend won't listen anyway, so don't waste much time with him. We are enjoying probably the best economic conditions of my life (I'm 49). Labor unions are in retreat, the stock market is fairly (IMHO) valued, interest rates are in a "sweet spot", inflation is nonexistent except for energy costs, home ownership is at an all time high, and federal taxes are the lowest probably since they began them.

About our nations debt....our total debt is less than the value of farmland in the US. In other words, not enough to get upset about.




8 posted on 09/20/2006 8:35:38 AM PDT by A.Hun (Common sense is no longer common.)
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To: A.Hun

Excellent work. Thanks so much.


10 posted on 09/21/2006 6:32:28 AM PDT by Bigoleelephant
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