Posted on 08/30/2007 7:32:44 AM PDT by kristinn
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Good news? How can this be?
Yes it is, with this there is less of a chance of an inflationary rate cut.
Didn’t George Bush already ruin the economy?
The economy is too strong to cut rates, but so weak that we’re about to tip into recession?
Does anyone know offhand what the projected budget deficit for 2007 was? I would suspect that at the end of the fiscal year in October it will come in less than projected.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Herbert Hoover is finally resting in peace knowing that he has been surpassed by President Bush as worst for the economy in history.
The economy grew at its strongest pace in more than a year ...
But the growth spurt could be short-lived.
There are concerns ...
recent turmoil in financial markets ...
spreading credit crisis ...
GDP growth may have slowed ...
growth will slow even further ...
cutbacks in spending and hiring plans.
a full-blown recession.
Ummmmmmmm, How did we get from "A" to "B" here?
That's what makes a market...
I recall in 1999-2000 election campaign Bush was criticised for commenting on a looming recession and was chastised by the media that he would cause it to happen by talking about it...interesting that they don’t seem to be concerned that their comments may wreak havoc on our economy...seems a bit hypocritical to me
Thanks for posting this good news that we probably will not see in the MSM
The latest estimate is about 150 to 160 billion dollars. That’s about forty to fifty billion less than first estimated.
MINORITIES AND WOMEN HIT HARDEST
The purpose of government is to stop runaway economic growth. The growth spurt will be just that.
Crutsinger/AP: Charter members of the “But-Monkey” club.
Didja find this on the back page?
I’m upset with Bush over his amnesty nonsense. But his tax rate reductions were monumental in taking us out of the clinton recession. Clinton had everything going for him when he took office. We were coming out of a recession when he took over, and we had a technology boom that he had absolutely nothing to do with. In fact I believe his lawsuit against Microsoft was the tipping point that caused the stock market to tank in 2000.
The Bush tax rate reductions have increased jobs, wages and revenues to the federal government. Just as the Kennedy and Reagan tax rate reductions did. I think the solution to the credit crunch is not the fed. It’s another round of tax rate reductions. It’s becoming energy independent. It’s deporting illegals and cutting the trial lawyers down to size. Doing these things would get us out of the red and back into surpluses.
Not really since these reports are backward looking and the Fed actions are predicated on what it sees 6-9 months down the road.
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