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THE BUSH BOOM: ECONOMY BREAKS 30 YEAR OLD RECORD
WMCA-NY ^ | 8.3.2003

Posted on 08/03/2004 7:59:25 AM PDT by KMC1

NEW YORK - The economy has set yet another benchmark in the recovery under the present administration. U. S. manufacturing has expanded for a record 14th straight month and a new report says hiring in the factory sector is still on the increase.

The Institute for Supply Management said its index of national factory activity rose from 61.1 the month previous to 62.0 in July. (Any number above 50 demonstrates growth.)

The index has stayed above 60 for another record - nine months.

The employment sector of the index showed growth as well as the rating came in at 57.3 down from 59.7 in June. (Again anything above 50 demonstrates expansion.)

Many analysts were fearing a larger drop in the jobs index - but those fears did not materialize.

New orders for factories rose from 60.0 in June to 64.7 in July. Inventories fell to 49.9 from 51.1.

(Excerpt) Read more at kmclive.com ...


TOPICS: Business/Economy; Extended News; Government; News/Current Events; Politics/Elections
KEYWORDS: ammo; anncoulterlist; bushrecovery; michellemalkinlist; tdids; thebusheconomy; walterwilliamslist; wgids; whispercampaigns
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To: Willie Green
And never say I didn't warn you.

That's the last thing anyone would ever say. You're right, of course, these numbers are catastrophic - I blame Bush...

21 posted on 08/03/2004 10:20:17 AM PDT by talleyman (John Kerry: Honest as a French $3 Bill.)
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To: talleyman
You're right, of course, these numbers are catastrophic - I blame Bush...

A debt-inflated expansion of warehousing and distribution coinciding with expanding trade deficits.
Yep, it's only a matter of time till the bubble bursts.

22 posted on 08/03/2004 10:25:25 AM PDT by Willie Green (Go Pat Go!!!)
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To: Willie Green
As an established, hard-core conservative Buchananite, there is absolutely no way I could agree with pinhead marxists like Kerry or Nader on virtually any issue.

One of the fundamentals of Marxism is an economy based on manual labor and tangible goods, while counting the service sector as a cost.

23 posted on 08/03/2004 10:39:52 AM PDT by Moonman62
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To: KMC1
Correct me if I'm wrong, but isn't all manufacturing moving offshore?

Shalom.

24 posted on 08/03/2004 10:43:32 AM PDT by ArGee (After 517, the abolition of man is complete)
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To: Moonman62
One of the fundamentals of Marxism is an economy based on manual labor and tangible goods, while counting the service sector as a cost.

False.
Marxist communism is not a market economy at all and bears no resemblence to one.
It is strictly a "command economy", and all cost factors are ignored. Quotas for goods and services are established, and the labor force is directed to perform to those goals despite any economic influences.

25 posted on 08/03/2004 11:31:09 AM PDT by Willie Green (Go Pat Go!!!)
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To: Willie Green

The Soviet Union published GDP numbers. Services were not included. Go find a copy of Das Kapital (the commies have it all over the internet). Marx's obsession for manual labor and tangible goods is obvious. BTW, I never said that communism was a market economy. I have no idea where you got that.


26 posted on 08/03/2004 1:09:10 PM PDT by Moonman62
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To: Willie Green
Yep, it's only a matter of time till the bubble bursts.

Can't argue with you - after all, you've predicted 43 of the last 4 recessions...

27 posted on 08/04/2004 10:50:31 AM PDT by talleyman (This is a loaner tag-line - mine is in the shop.)
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To: KMC1

damn that GWB, he's ruining everything


28 posted on 08/04/2004 11:04:48 AM PDT by The Wizard (DemonRATS: enemies of America)
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To: talleyman
Can't argue with you -

So you dodge the serious issue with a snippy comeback.

(((yawn))) That line is pretty stale.

29 posted on 08/04/2004 11:04:51 AM PDT by Willie Green (Go Pat Go!!!)
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To: Moonman62
The Soviet Union published GDP numbers.

Numbers that are meaningless when all prices are rigidly fixed and predetermined by central politburo edict.
Heck, in a command economy, central planners can make GDP come out to whatever they want. So what? It's all bogus and doesn't mean diddly-squat.

30 posted on 08/04/2004 11:10:41 AM PDT by Willie Green (Go Pat Go!!!)
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To: KMC1
Many analysts were fearing a larger drop in the jobs index - but those fears did not materialize.

Baloney. Older supply chain managers aren't finding new jobs

31 posted on 08/04/2004 12:54:45 PM PDT by Willie Green (Go Pat Go!!!)
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To: Willie Green
So you dodge the serious issue with a snippy comeback.

The real issue is that the economy is expanding despite your Chicken Little cries of impending doom.

32 posted on 08/05/2004 11:11:14 AM PDT by talleyman (This is a loaner tag-line - mine is in the shop.)
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