Again you recall incorrectly!!
Meanwhile, the Chinese wax stronger.
To wax stronger, all it takes is practice.
Posted on 07/01/2005 7:27:38 AM PDT by Toddsterpatriot
Again you recall incorrectly!!
Meanwhile, the Chinese wax stronger.
To wax stronger, all it takes is practice.
Only something like 10% of our economy deals with exports, IIRC. Most of what makes America rich is our internal market.
ROFL!
Happy fourth!
Your comment is every bit as useful as I have come to expect.
So, you have a source for your lie? I seem to recall that making hamburgers is now considered manufacturing.
Or will you just admit you are wrong?
I'd concur with that; but in imports also impact upon the US economy in at least two very important ways that are hard to measure.
One is the improvement in the quality of life of the American consumer to have access to imported goods. For example, since the days of the founding fathers we've considered imported coffee to be as American as well, apple pie.
The other is that when the American consumer has the freedom to choose his market, he can be free from the tyranny of a Buchanan union stooge and can buy what suits him. This freedom of the masses can then keep the the Patsy vendor from fleecing the public.
Yes, there was. In fact, the Index number has been going down since 5/04's high--until this month.
You are incorrect. Source please.
And you know what that really means...
US makes part A, ships to Mexico. Mexico makes parts B&C, assembles to part A.
We import parts A, B, C, and assemble into Good D.
BTW, the fact that "exports make no difference" sort of negates the argument that Exports Are Important, right?
It's on the PMI (ISM) SITE, wacko.
You can only get 12 months' history there, but trust me, last May was even higher than last June.
http://www.ism.ws/ISMReport/ROB072005.cfm
The PMI indicates that the manufacturing economy grew in June for the 25th consecutive month. The PMI for June registered 53.8 percent, an increase of 2.4 percentage points when compared to May's reading of 51.4 percent. This reverses a trend in which the rate of growth had slowed for six consecutive months. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.
A PMI in excess of 42.7 percent, over a period of time, generally indicates an expansion of the overall economy. The June PMI indicates that both the overall economy and the manufacturing sector are growing. The past relationship between the PMI and the overall economy indicates that the average PMI for January through June (54.2 percent) corresponds to a 4.2 percent increase in gross domestic product (GDP) on an annual basis. In addition, if the PMI for June (53.8 percent) is annualized, it corresponds to a 4 percent increase in GDP annually.
| Month | PMI | Month | PMI | |
|---|---|---|---|---|
| Jun 2005 | 53.8 | Dec 2004 | 57.3 | |
| May 2005 | 51.4 | Nov 2004 | 57.6 | |
| Apr 2005 | 53.3 | Oct 2004 | 57.5 | |
| Mar 2005 | 55.2 | Sep 2004 | 59.1 | |
| Feb 2005 | 55.3 | Aug 2004 | 59.6 | |
| Jan 2005 | 56.4 | Jul 2004 | 61.6 | |
| Average for 12 months – 56.5 High – 61.6 Low – 51.4 |
||||
I'm a wacko? At least I know the difference between 12 months and 6 months. You were only off by 100%. Compared to a lot of doom and gloomers, you're spot on. LOL!
July 2004: 61.6, then decline, decline, decline...through May 2005--with a break-even 57.5/57/6 in the 10&11/05.
Graph the damn numbers on a 100-point scale and see if the .1 difference actually shows up...
So, except for the fact that you were wrong, you were correct?
If you're saying that you disapprove and you want the Feds to stop it by force, I disagree. Considering that Americans are at full employment at all time high wages, this 'value added crisis' is just not doing much harm. Government is not the solution, especially when there isn't a problem
FWIW, I wouldn't be willing to say "exports make no difference". Hey, 10% is still 10%.
Whatever. If it makes you happy, Toddster...
I love good news.
I myself have probably explained to you a dozen times that hamburger-flipping is not considered manufacturing. Anyone who brings that erroneous "factoid" to any thread on this website should be ashamed of themselves. That is, anyone who actually values the truth, and not simply regurgitates a failed talking-point from the Elect John Kerry campaign.
Welcome to Buchanan-World, where a decline in the rate of growth is an overall decline, period. The MSM couldn't do better.
I make a point of always providing a source - to those for whom I have respect.
We count automated jobs?
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