Posted on 02/03/2006 5:36:15 AM PST by new yorker 77
This will either be reported as bad news or not reported at all in the MSM.
When it comes to Republicans.
I get a different result using my data source of Dow Jones Newswires.
The employment report issued today revised the Dec jobs number upward +32k and revised the Nov jobs number upward +49k. The total revision upward in today's report for Nov-Dec was +81k. I see nothing about downward revisions in today's report
Do you have a link for your data source?
You're probably right, but the tragedy is that job growth isn't inflationary. Most likely the Federal Reserve will reward America's success with a recession as they always do.
Watch the left freak out as the deficit falls this year. The tax cuts are helping the American people create jobs and thus a greater tax base. They are indeed revenue generators. If the republicans in congress can reduce the rate of growth in spending, the deficit will be a lot lower than current projections
You would have thought people might have noticed that when we added 45 million new jobs between 1980 and 2000, and experienced the longest continued growth, characterized by low inflation in our nation's history.
And yet, because it is is being screamed as less than predicted, the stock market is falling like a rock! 4.7 unemployment and the media screams we have a bad economy. And the spineless on wall street cave and fold.
hehe
That's not why the stock market is dropping.
Investors are scared of inflation and more rate hikes.
If it had been the higher number that the street was predicting, the market would be down even more.
The White House did not comment on the disappointing economic news. The new unemployment numbers fell short of President Bush's projections for this quarter.
Show me again where we underperformed expectations??? Unreal.
Advanced economies are advanced precisely because labor is released from manufacturing and agriculture to the service sector. Only in hand-to-mouth economies are the majority of workers in those areas. Our productivity is so high it takes few workers to provide the material goods necessary for a good life.
If you don't believe services such as medical care, finance, education and government do not provide for a better life and a stronger economy I suggest you read a few economics texts.
You're right. Canada's been taken over by Bush Nazi's. Cuba is the place to be. Castro's a good man.
I'm not sold on the tax cuts "creating" revenue yet - the cuts took 5 years to get revenues back to 2000 levels. Last year growth in revenue was the largest in many years, but a spike is not unusual coming out of a recession. There was even a spike coming out of the 91 recession about the same timeframe into the recovery of slightly lower magnitude, even though there were tax hikes at that time.
That's not to say lower taxes aren't good - but its a bad idea to lower taxes without keeping spending in line (something the GOP can't seem to do). Otherwise you'll get 33% annual growth in interest payments like we're seeing this year.
I agree - if they reduce the rate of growth in spending (preferably to below the rate of inflation), they'll lower the deficit. But with Katrina and Iraq spending, we're looking at an even larger deficit this year.
Bring back pay-go.
Blame it on the unions - with a republican governor, things were just as bad....
We came out of the 91 recession due to lower interest rates, new construction due to hurricane damage, and a technology boom. All these things offset the Bush and Clinton tax increases. However one Clinton sued microsft, and the dot-coms destroyed the markets, there wasn't anything to keep the economy moving forward. Then 9/11 happened which made a mess of everything.
The tax cuts W offered were very modest in size. And yet they've helped to revive the economy. With bigger, more massive tax cuts, revenues will be much stronger. For the economy and the tax base will be much larger
It's the fault of outsourcing to china and india.
It's the fault of illegal immigration.
It's lincoln chaffee's fault.
It's Schwarzenner's fault.
It's Delay's fault.
It's globalization's fault.
It's free trade's fault.
It's Alito's fault.
It's Bush's fault.
It's McCain's fault.
It's the gang of 14's fault.
It's the fault of tax cuts.
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