Posted on 08/06/2004 5:30:25 AM PDT by RWR8189
32,000 jobs were created in July. The unemployment rate down at 5.5%
Details to come...
ouch
5.5 vs. 5.2? I stand corrected.
This is why UE numbers/Jobs created matter.
If Reagan were still President, there would've been a prime time speech by now, with the message that (cheap) energy is the fuel that powers our economy. Reagan would've asked the people to call their Congressman/Senator and demand them to pass the Energy Bill!
Though this is disappointing news, it isn't the end of the world. Last time I checked, Bush is still President.
Bush needs to HAMMER on the fact that the Dims shot down ANMWR drilling, which would give us bargaining power. Yes, it wouldn't make a difference for several years, until it was completed, but their hypocrisy is showing. They WANT us held hostage to high fuel prices.
You can tell he's still President because every day you'll hear the media talk about something he's done that's stupid or wrong. And it must be true, they only report the facts! </sarcasm>
I am thinking of sending Rush an academy award in advance of the spin he is going to put on these bad economic numbers.
Should be a real hoot.
YUKOS has been starightened out. The problem with Iraq is infrastructure. They have plenty of oil, but saddam was too busy building palaces and paying off corrupt western European politicians instead of investing in oil infrastructure.
THANK YOU!! - I have been saying this for months - GWB needed to address the nation - Be a President and come out forceful about what things need to be done! - Point out the lies about Iraq - One prime time address setting the record straight! - My God, he addressed the nation over Stem-Cell but can't find time to address the Country over a War or over the economy!
You make a good point!
Sorry, but I see this as a clear signal for the DOW to drop another 100+ points today and, with the oil price increases, it will continue to drop all next week and beyond.
With the fear of another terrorist attack mounting as November nears, the big players are taking their money off the table and the small investors are following suit. I see a DOW between 8 and 9 thousand before the election.
Starting earlier this week, I began to notice that all the MSNBC commentators are talking down the economy and highlighting bad news stocks at every opportunity in an effort (in my opinion) to deepen the gloom and give Bush's opponents ammunition to claim that Kerry is needed in the White House to abandon the war on terror if the economy is to improve.
How long do you think before the terrorists wake up to the fact that they don't even need to mount an attack - they merely have to keep yanking the US chain every time the stock market seems to be recovering to keep the country in a permanent state of unsettled recession. In time, I see this leading to the end of the US dominance of the world economy, to be replaced by communist China.
go take a look at where most of those "back to school items" are made. then tell me how selling that stuff is going to employ americans.
Right on post 70. You beat me to it.
hawk
don't worry, Rove is waiting for October to do that. He's a political genius, don't you know that?
the Fox News poll shows Kerry with only a 34% unfavorable rating.
I think an Executive Order now would make a short term difference in November. These high prices are being driven by anxiety/panic in the oil futures markets. Perception is just as important as reality. I think the perception that W is doing 'something' would ease supply fears and send prices lower.
I agree. And here is why I think that is good for the President.
The High price of Oil, plays to the Presidents biggest stregnth over the French looking guy.
Every single forecaster starts the oil discussion, by pointing out that at least 10$ of the current price, is a result of the threat of terrorism.
The Presidents handlers have to start making that argument in his speeches.
"The Economy is doing fine now, but it could be doing better. The High price of oil, is slowing it a tad, and that is due to the effect of terrorism on the price of oil.Beat the terrorists and we help the Economy.And there is only one man in this race, with the experience to do that."
I dont see it as a setback. Just a thorn for the ever eager media to pinprick the Presidnet with.
Yeah - Rove and team keep up with those brillant ads - "Kerry didn't sign the Laci Peterson law" - What a fking joke! - 85% of the Country doesn't know or care about the Laci Peterson law!
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