A Few of FR's Finest....Every Day...08-30-07...JohnHuang2's ~ My Two Cents

JohnHuang2;dutchess;pookie18 | JohnHuang2

[dutchess]

The good news is we’re doomed!
by JohnHuang2

It is absurd and stupid to bet against the U.S. economy — which is precisely why liberals are betting against the U.S. economy. Liberals have been cheerleading recession for years — beginning right at the end of the Clinton recession that Bush inherited — but still haven’t produced a single recession since Bush cut taxes. For a recession, libbies would need two straight quarters of no economic growth.

In fact, even in the midst of ‘The Worst Housing Slump In Human History’, these are the stats:

* In July, capacity utilization rose to 81.9 — highest level since September.

* Industrial capacity and industrial production have jumped in the past year. Industrial production alone is up almost 3% (annualized rate) in the past 3 months. Manufacturing output jumped 3.9% for the second quarter; July’s gain suggests output rising in the range of 3% or more for the third quarter. Motor-vehicle output jumped 2.6% in July. It was up 2.4% in June.

* Orders for American-made durable goods surged 5.9% in July — biggest increase in about a year. Economists had been predicting a 1.5% increase. July’s big surge in demand for long-lasting goods — from airplanes to computers to machinery — means the third quarter began at a blow-out pace and suggests The Surge is working!

* Total retail sales in July rose a ‘better than expected’ 0.3%, with clothing store sales surging by 1.3%, furniture store sales surging by 0.5% and a surge of 1.0% in sales of electronics. Department stores logged a ‘better than expected’ 1.6% sales increase during the month. Overall, retail sales have surged by nearly 5% these past three months (annualized rate).

* The Conference Board reported that its index of leading indicators rose 0.4% in July to 138.1, “bolstered by consumer expectations, vendor performance and initial claims for unemployment insurance,” CNN admitted.

* Even more dismal, indications are that second-quarter GDP growth will be revised higher, to around 4% annually, up from the 3.4% first reported. And third-quarter growth will come in at around 3% or slightly less. The worst economy since Herbert Hoover.

* Consumer prices in July rose a tame 0.1%, down from June’s 0.2% reading, while July’s core CPI increased just 0.2%, same as June. The 12-month increase in core CPI is just 2.2%.

* The price for regular unleaded averaged well over 3 bucks a gallon in May — it’s since fallen about a half buck a gallon.

* Business productivity rose at an annualized rate of 1.8% in the second quarter, more than double that of the first quarter.

* Because Bush has cut taxes three times, the budget deficit is shrinking — this year it’ll come in $90 billion lower than last year, at around $158 billion, or 1.2% of GDP, compared to 3.5% of GDP in ‘03, and down from the peak deficit of $413 billion in ‘04. Because Bush cut taxes an average of $2,216 for 113 million Americans, the economy has added new jobs for 4 years straight, more than 8 million since August 2003, more than 2 million in the past year, pushing the unemployment rate to 4.6%, below the average for the past 40 years (6%), even as real wages have been growing at a faster rate in the past 15 months than during the last years of the “Clinton boom” that liberals keep yapping about. After-tax real income has gone up around $3,000 per person during Bush’s Presidency. Household disposable income is projected to grow by $550 billion this year. Clearly, we’re doomed.

* New home sales jumped 2.8% in July to a seasonally adjusted annualized pace of 870,000. Inventories for unsold homes dropped for the fourth month in a row — down 7% since July ‘06. Using their trusty economic models, economists had predicted 50,000 fewer homes would be sold for the month.

Liberals love to point to the just-released report on existing home sales, which came in bearish, but libbies are smoking some funny weed because the “HOUSING CRISIS” didn’t just begin — it started some six months ago, yet prices on existing homes were down just 3% (year-over-year), and that’s after surging 25% on average in the past four years. And despite weeks and weeks of liberals screaming CREDIT CRUNCH! RECESSION! HOUSING SLUMP!, the consumer confidence number for August came in well over 100 (105). If we were headed into recession, consumer confidence would be 30 to 40 points lower.

To be continued.

03-27-07 ~ Hall of Fame #19 ~ Final

THIS WEEK'S THREADS 08-27,28-07 Military Tribute 08-29-07 Warm Fuzzy Wednesday

Opinions by our own 'King of Ping' Every Thursday at the Finest The guy's good, folks!

[dutchess]

I pledge allegiance to the flag of the United States of America, and to the Republic for which it stands, One Nation Under God, Indivisible, With Liberty and Justice for All.

[dutchess]

It's Thursday and that means another JohnHuang2 tell it like it is essay at the Finest!!!! ENJOY!!!!

[ConorMacNessa]

Thanks dutchess and JH2 - another nail on the head analysis!

[rockinqsranch]

Good Morning Dutchess, and Thanks for that JH2.

[DollyCali]

Good morning Conor & thanks for the great essay John & the great presentation Dutchess.. and of course we couldn’t do without our pookie for his toon contribution.

overcast here & at least 10 degrees cooler than yesterday. We will take it! Been very hot /miserable.

Whoopie.. I finished Scarlett. another 800 GWTW book.. I have been dong a bit more reading with my bad back. Just feels good to get prone & at that time I read. Breaks during day

[ConorMacNessa]

Good morning, Dolly - hope you’re feeling better soon!

[MEG33]

Good Morning To The Finest
~WOO HOO~
It's John Huang Day

Thank you Dutchess and John for another
great collaboration.

[Majie Purple]

Add this to the list of positive stats: My /Our Thumbs are up... way up, for Pres. B.! Always have been;always will be!

[MEG33]

http://www.freerepublic.com/focus/f-news/1888861/posts
Economy Grows at Fastest Pace in a Year
AP via News & Observer ^ | Thursday, August 30, 2007 | Martin Crutsinger

More of the “bad news”..LOL

[The Raven]

Are you changing your screen name to Norman Hsu ??

[dutchess]

God Bless Our Military
~~~~~~~~~~~~~~~~~~~~~~

Below are names of some of our FReepers' loved ones who are serving our country. If you have someone you would like to add, please address a post to Billie; Aquamarine; Dutchess, The Mayor, DollyCali or GodBlessUSA and we will add their name to this list. As we pray for them, we pray also for all our nation’s leaders, and military personnel, and their families and friends. May God hold them close to His heart.

~~~~~~~~~~   ~~~~~~~~~~

We ask Lord, that You guide the leaders of our great country in their hour of decision. The burden that has been placed on their shoulders is overwhelming. We ask that with Your infinite wisdom You guide them gently to the right decisions.

Please give us the strength, Lord, to get through each difficult and devastating day that faces each of us and our country. Protect and guide our Military that are now being called to duty, strengthen them in their trials and temptations; give them courage to face the perils which beset them; and grant them a sense of your abiding presence wherever they may be; through Jesus Christ our Lord. Amen.

~~~~~~~~~~~~~~~~~~~~~~~~~~~

gator girl........................husband severa............husband, brother Maigrey.........................cousin mystery-ak...........son, husband Inspectorette.......................son Blessed American..........nephew Slip18..........................nephew Diver Dave........niece, nephew ConspiracyGuy........2 nephews AnnaofDC......niece's husband sneakers..........................son weldgophardline.................son weldgophardline.....brotherinlaw jamaly.................brotherinlaw Future Snake Eater.......cousin WaterDragon............grandson WaterDragon...........son-in-law kimmie7......................brother LadyX (RIP)..............grandson fawn796......................nephew ValerieUSA..................2 sons Lakeside......................2 sons LakeLady....................nephew Spruce......................daughter athelass..2 sons, 2 nephews Leofl.................................son chena...............................son Hope and Glory..................son DebWisconsin.............nephews TheMayor...............friends'son Doug from Upland.......soninlaw homeschoolmama........nephew ariamne...................2 cousins mhking.........................cousin 911angelady.................2 sons Consort.................2 daughters Consort...................son-in-law gonzo...................friend's son cookcounty......................son JFC............................nephew visualops......................cousin auboy..........................cousin painter........................nephew jrushing.............................son LoneRedRanger...brother-in-law Ladysmith.nephew, friend's son tina07......soninlaw & his friend MontanaCowgirlCop......brother nelibeli........................nephew Misty4jc.....................husband Colorado Slim..............nephew Tapatio....................2 nephews ProudAFDad......................son Alouette.............................son Katydidnt...........................son Zechariah_8_13....brother-in-law Zechariah_8_13.............cousin PreviouslyA-Lurker........brother sheeza.......................husband kemathen7..................husband TADSLOS......................son Q6-God..................twin brother Edgewood Pilot...son, 2 nephews gpapa.............brother ItsForTheChildren....2 nephews Q6-God....................active duty Warrior Nurse...........active duty SK1 Thurman...........active duty David Osborne..........active duty fc2tomschermuly......active duty bkwells....................active duty LongCut...................active duty cjk...........................active duty Trish........................active duty ODC-GIRL................active duty AF_Blue...................active duty thumperusn..............active duty Veloxherc.................active duty Don Simmons...........active duty wingnutx...................active duty CGblue.....................active duty bigghurtt...................active duty frankiep....................active duty veeceeque................active duty JRios1968................active duty NoLongerFreeState...active duty CMS........................active duty AlaskaErik...............active duty JemiansTerror...........active duty tongue-tied ..............active duty txradioguy................active duty Hoosiersailor.........active duty DCBryan1.................active duty Sgt.Hull.................active duty

OhioWfan................................son ladtx..................................2 sons Its_me_K.E.T.........................son Hostel............................cousin MozartLover...........son, nephew ak_daddoo........................nephew Dubya............................nephew LBGA (RIP)..........................son katykelly..............................son Armymarinemom................3 sons american_ranger.....................son Himyar....................................son SpookBrat........................nephew SpookBrat........................cousin boxerblues........................2 sons the piper..............................son Tiffee4Bob......................boyfriend TexKat.......................son, step-son StarCMC.............................brother Darheel...............................niece Donaeus...........................nephew BeAllYouCanBe........................son Repubmommy........................brother AgThorn................................2 sons kneezles.................................son RoseinRoseBear.....cousin's hubby Atomic Conspiracy......half-brother Atomic Conspiracy...........nephew Atomic Conspiracy..............niece Sunflowergal....................grandson mrstank..............................husband MrsMike31........................husband spotbust1............................husband campfollower............................fiance LUV W........................................son SilentServiceCPOWife........husband DirtyHarryY2K......................daughter DirtyHarryY2K................son-in-law Skimask.....................................son Palladin...............................grandson MississippyMuddy...................sister MississippyMuddy........2 nephews Kramster...............................stepson Socratic.............................nephew freema.......................nephew, son Azbushgal..............................son kimmykay.................................son NavySEAL F-16........................son repubmom...............................son wolfcreek..........................daughter JesseJane ...........................cousin Roses0508..............................son pmmd81..................................son GodBlessUSA......................cousin SoldiersPrayingMom.................son WakeUpandVote..................brother Skyraider.................................son CyberAnt...........................nephew mrs tiggywinkle...................cousin Jen's Mom........................daughter Meg33.............................grandson Nadine...............................nephew U S Army EOD.................daughter thehumanlynx...........brother-in-law Earthdweller......................nephew Scubachick.......................husband ChairmanDec19thSociety ..brotherinlaw Anthem............................2 cousins meanie monster .........family friend PragmaticWarrior..........2 nephews Sageb1...........................3 cousins JulieRNR21.........friend's grandson SuzyQue...mom,2 sons,3 brothers weeder1...........................nephew GulfWar1Vet.......two cousins IndyPendance..daughter,soninlaw fatima.....................granddaughter Lori from Long Island....soninlaw monkeyface............2 grandsons redhead...................grandnephew gonzo............................soninlaw varina davis...................grandson Rivendell.......................daughter W.W.Smith...........................son vigilante2.....son, adopted soldier NavySEAL F-16....................son Jaxter...........................son-in-law USMCWife6869..............husband jackv...............................son TINA KIRBY....................son skimask.........................son onedcop.........................son katydidnt....................son SoldierDad..son,nephew,niece,cousin

[Diver Dave]

Hey Libs! It’s the economy, stupid!

Suck on that while you sip your $5.00 latte at Starbucks.

Great $$$ picture you created JH2 and dutchess.

[Billie]

Thank you, John and Dutchess, for another great essay - once again a true snapshot of those on the left, doing what they do best - crying!

[JohnHuang2]

Dutchess -- all I can say is . . . WOW! Bravo, bravo, my friend, for yet another beautifully done layout job! Nothing short of SUPERB! {{{{{{{{{{{{{{{{{{dutchess}}}}}}}}}}}}}}}}}}}}!

And a big THANKS to y'all for dropping by! {{{{{{{{{{{{{{{{{{group hug}}}}}}}}}}}}}}}}}}

[.30Carbine]

Thank you so much for the ping, dear dutchess!

[GodBlessUSA]

Good Morning :) Excellent thread! Thank You.

Ironically, just before I read your thread, I saw doom and gloom clip on the news. A person predicting $9. a gallon for gas in the future.

[GodBlessUSA]

Good Morning....TGIF @ The Finest :)...