IT'S ALL BUSH'S FAULT . . .
THE WAR ON TERROR:
BUSH & BLAIR: WE ARE UNITED TO CRUSH KILLERS
By IAN BISHOP Post Correspondent;
July 8, 2005 -- WASHINGTON — An unwavering President Bush and British Prime Minister Tony Blair — interrupting the G-8 summit in Scotland — yesterday condemned what Blair called the "barbaric" London bombings, and vowed to bring the terrorists to justice.
Bush declared, "We will not yield to these people, will not yield to the terrorists."
"We will find them, we will bring them to justice, and at the same time we will spread an ideology of hope and compassion that will overwhelm their ideology of hate."
The coordinated terror attacks unleashed on London's subway system came as world leaders continued their summit in Gleneagles, Scotland.
"It's particularly barbaric that this has happened on a day when people are meeting to try to help the problems of poverty in Africa and the long-term problems of climate change in the environment," Blair said.
Blair, pausing at moments to rein in his emotions, warned that terrorists don't "realize that our determination to defend our values and our way of life is greater than their determination to cause death and destruction."
"We shall prevail, and they shall not," Blair added later.
You can read the rest of the story at
http://www.nypost.com/news/worldnews/49483.htm
NOTE: PRESIDENT BUSH WILL ADDRESS THE WAR ON TERROR BOTH IN HIS SATURDAY RADIO ADDRESS AND IN A MAJOR SPEECH ON MONDAY (The speech had been previously scheduled)!
THE ECONOMY:
UNEMPLOYMENT DIPS TO LOWEST LEVEL IN YEARS
By Jeannine Aversa, AP Economics Writer
Fri Jul 8, 4:57 PM ET
WASHINGTON - The unemployment rate dipped in June to its lowest level in nearly four years as employers expanded payrolls modestly, a sign that the nation's job market is plugging — not powering — ahead. Wall Street rallied.
. . . The civilian unemployment rate dropped to 5 percent in June, down a notch from 5.1 percent in May and the lowest since September 2001. The jobless rate has drifted downward after hitting 6.3 percent in June 2003, its highest point during the economic recovery.
http://news.yahoo.com/s/ap/20050708/ap_on_bi_go_ec_fi/economy;_ylt=AjCjgsU12sRlOnqVwQqC5Mys0NUE;_ylu=X3oDMTA3bGI2aDNqBHNlYwM3NDk-
U.S. BUDGET DEFICIT MAY DROP TO $325 BLN THIS YEAR, AGENCY SAYS
July 8 (Bloomberg) -- Rising tax payments and a growing economy may push the U.S. federal deficit down to $325 billion or lower, a 24 percent decline from the previous estimate, the Congressional Budget Office said.
The agency, in a monthly snapshot for fiscal 2005 that ends on Sept. 30, said tax payments and spending were running ahead of the year-ago pace. As a result this year's deficit ``will be significantly less than $350 billion, perhaps below $325 billion.''
The White House is scheduled to issue its revised estimates on tax collections, spending and the deficit on July 13. In February, White House budget director Joshua Bolten forecast a deficit of $427 billion, about 3.5 percent of the nation's gross domestic product.
``Treasury receipts have been skyrocketing since April,'' and in June ``corporate receipts will lead this boon,'' said Ellen M. Beeson, an economist at the Bank of Tokyo-Mitsubishi Ltd. in New York, in an interview before the report. Her firm expects the July 13 report to forecast a 2005 deficit of $315 billion to $330 billion.
``The stock market will certainly like the lower-than- expected deficit as it will mean less financing will be needed to cover U.S. debt,'' Beeson said.
http://www.bloomberg.com/apps/news?pid=10000103&sid=aWHbMYS3rEvY&refer=us
STOCKS STAGE STRONG RALLY ON ALCOA, JOBS
By Scott Malone
Fri Jul 8, 3:07 PM ET
NEW YORK (Reuters) - U.S. stocks climbed sharply on Friday, as better-than-expected earnings from blue-chip Alcoa Inc. (NYSE:AA - news) and a report of moderate job growth assured investors the economy remained on solid footing.
All three major indexes rose more than 1 percent, and the Nasdaq reached its highest level since January.
Providing further fuel, oil prices dropped sharply in afternoon trading, falling below $60. U.S. crude for August delivery dropped $1.18 at $59.55 a barrel.
http://news.yahoo.com/s/nm/markets_stocks_dc;_ylt=AprnLyYEft8D_YrEFgVKRMGyBhIF;_ylu=X3oDMTBiMW04NW9mBHNlYwMlJVRPUCUl
Funny how the left has been mute lately about unemployment (what was that about Hoover?), and the deficit.......
And they're going to get themselves in BIG trouble if they keep trying to spin the London terrorist attack into being Bush's fault.
Nobody's gonna fall for that. We KNOW who the bad guys are...........and President Bush isn't one of them!
Im glad the President is giving another speech on the WOT....several good threads tonight on Islam... and I never watch Ron Reagan but I read where Hitchens let him have it good.
Thanks for the great links DrDeb