Being a self employed executive recruiter, this is absolutely true. I have had one of my most successful years so far, so I would shut up if I were you.
[quote]Ken Kaniff wrote:
And why is this so???
Its called “global economic upturn”.
[/quote]
I wonder if that’s what you called it when Clinton’s tech bubble blew-up. You know. Before it burst? Of course, the bursting was Bush’s fault, right?
Theres no doubt that some elites can earn 700k in America instead of 500k in Europe. Theres no doubt that Europe, and since centurys especially Germany, has a problem with bureaucracy. And theres no doubt that the quality of life for people who earn <100k a year is better in most other NATO countrys than in America.
You guys have a strange logic. As the economy boomed under Clinton, which as far as i can remember was the greatest boom in US history, it was a bubble. Now under Bush its his successful policy. Sure.
3 Year Low for GDP
http://www.foxnews.com/story/0,2933,225879,00.html
We only had to double the debt to do it too. WOOT!
But, hip-hip hooray for low paying jobs with no benefits! Maybe I can get 2 of them!
At least tort reform brought us lower health insurance rates. Oh, they didn’t. 
Oh and finally my DOW index fund is moving again, 5 years later. (thank god for cost averaging)
Well at least I still have the value of my home…Oh damn.
Ok, but tuitions aren’t…shit.
But to be fair, yes President Bush, more people own homes now than ever before.
[quote]Hack Wilson wrote:
Of course the economy is good. Of course Bush’s economic policies have succeeded despite myriad challenges. But you won’t hear about it in the (non-biased) New York Times and you won’t see it on the (Right Down the Middle!) CBS Evening news.
[/quote]
Actually, I get the NYT.
They have something called the “Business” section. Sure enough, I read about the unemployment numbers there.
Please post made up shit in the already existing thread:
Winning in Iraq
[quote]steveo5801 wrote:
Headhunter wrote:
Good news. Let’s hope it continues!
4.4% is awesome!!
Yes, HH, the economy is soooooo bad. Yes, everyone who wants to work can work. The stock market is around 12,000 for the first time ever! Interest rates are very low. Incomes are up. And why is this so???
Thank you George W. Bush for the tax cuts and your managing of the U.S. economy.
[/quote]
Yep, it’s amazing how pumping a trillion dollars of borrowed money can get that ol’ dow moving after 5, 6 years.
I wonder if there could have possibly been a less ham-handed way of producing better results? It’s just that every other president recovered from recessions so much stronger. Gosh, I wonder?
[quote]Hack Wilson wrote:
…
Of course the economy is good. Of course Bush’s economic policies have succeeded despite myriad challenges.
…
Liberal idiots.[/quote]
Bush’s economic policies? Would that be: spend spend spend and stick the next generations with the bill?
Conservative morans.
5 year low. Hmmm, how long has the genius been in office.
Hmmm, and hmmm again.
Does that mean that unemployment was lower when the previous guy, whatshisname, was in charge.
I guess it does.
[quote]Schwarzfahrer wrote:
Hackhunter,
I wonder how long America would have to struggle with similar problems, if a country like Colombia would become part of it practically overnight?
How about you travel to Germany for once?
How about visiting another country and learning it’s language in general? Have you actually been to Europe or, god forbid, an arabic land you happen to know so much about?
How about doing something else then just your usual combo of cheering your dumb president and complaining about the rest of the world?
[/quote]
Here I congratulate the Germans for finally getting their rate below 10% (for which here the President would be impeached or something) and I’m being attacked!! Wow! Schwarzfuhrer, lighten up!
[quote]lucasa wrote:
Ken Kaniff wrote:
No one with any reasoning ability would trade those 10% against americas crime and homicide rate. Everybody who wants to work finds a job.
That’s funny, the best and brightest from Europe do, and the socialist bureaucrats are struggling to stop the gray matter from leaking out of the hole they shot.
http://www.time.com/time/europe/magazine/printout/0,13155,901040119-574849,00.html
Not to poo-poo all of Europes’ best minds, but there is definitely a problem with the bureaucracy.
[/quote]
They’re all voting socialist. I can’t figure out if its National Socialist or Soviet Socialist! I’m confused, and it feels wierd. 
[quote]100meters wrote:
steveo5801 wrote:
Headhunter wrote:
Good news. Let’s hope it continues!
4.4% is awesome!!
Yes, HH, the economy is soooooo bad. Yes, everyone who wants to work can work. The stock market is around 12,000 for the first time ever! Interest rates are very low. Incomes are up. And why is this so???
Thank you George W. Bush for the tax cuts and your managing of the U.S. economy.
Yep, it’s amazing how pumping a trillion dollars of borrowed money can get that ol’ dow moving after 5, 6 years.
I wonder if there could have possibly been a less ham-handed way of producing better results? It’s just that every other president recovered from recessions so much stronger. Gosh, I wonder? [/quote]
What are you talking about?
Let’s review:
(1) Record low unemployemnt!
(2) Record high for the Dow!
(3) All of this under President George W. Bush’s watch!
What’s the problem? Borrowed money? Borrowed from whom?
Are you saying that Bush’s giving us back our own money is borrowed money? This is our money and President Bush correctly believes that “we the people” can decide how to spend our money much better than the Washington Democratic liberal elites.
The records above prove that Bush is correct!
[quote]Headhunter wrote:
lucasa wrote:
Ken Kaniff wrote:
No one with any reasoning ability would trade those 10% against americas crime and homicide rate. Everybody who wants to work finds a job.
That’s funny, the best and brightest from Europe do, and the socialist bureaucrats are struggling to stop the gray matter from leaking out of the hole they shot.
http://www.time.com/time/europe/magazine/printout/0,13155,901040119-574849,00.html
Not to poo-poo all of Europes’ best minds, but there is definitely a problem with the bureaucracy.
They’re all voting socialist. I can’t figure out if its National Socialist or Soviet Socialist! I’m confused, and it feels wierd.
[/quote]
I thought you would be used to being confused by now.
[quote]steveo5801 wrote:
What are you talking about?
Let’s review:
(1) Record low unemployemnt!
(2) Record high for the Dow!
(3) All of this under President George W. Bush’s watch!
What’s the problem? Borrowed money? Borrowed from whom?
Are you saying that Bush’s giving us back our own money is borrowed money? This is our money and President Bush correctly believes that we the people can decide how to spend our money much better than the Washington Democratic liberal elites.
The records above prove that Bush is correct![/quote]
Unemployments is at a 5 year low. That’s not some big record.
(1) I can benchpress a daily record every day.
(2) That doesn’t mean much when you don’t have money to buy stock. Yup, Bush is very friendly when you already have lots of money. That’s old news.
(3) Also 9/11 and the Iraq disaster, also under Bush’s watch.
Borrowed from China for instance.
Your post above proves that you don’t have a clue.
[quote]Marmadogg wrote:
The unemployed drop off the survey once their unemployment checks run out.
The unemployment rate reflects the number of Americans still able to collect unemployment.
The unemployment survey is not an accurate indicator of the number of Americans looking for work.
Only 92,000 jobs were added last month.
We need to add at least 120,000+ jobs a month just to keep up with new workers added to the work force such as high school and college graduates.
The 92,000 jobs added last month are way below the number economists predicted.
This is nothing to cheer about.[/quote]
Beat me to it.
They only count those who are activly recieving unemployment checks.
Yes, it’s good. Is it nearly as great as it sounds? Nope.
And Bush economic policies have left us with such a ridiculously huge debt, further down the road we’re fucked. Just because the eco looks good now doesn’t mean his policy worked.
And, I’d love to know which Bush policy helped create new jobs… ???
Record Number of Americans Lack Health Insurance
Forbes
08/29/06
TUESDAY, Aug. 29 (HealthDay News) – A record-setting 46.6 million Americans were without heath insurance in 2005, up from 45.3 million in 2004, according to a new U.S. Census Bureau report.
http://www.forbes.com/forbeslife/health/feeds/hscout/2006/08/29/hscout534644.html
JOB GROWTH HAS SLOWED SIGNIFICANTLY IN 2006: 2006 Rate Is Far Below the Average Rate Since World War II
Average job growth in 2006 has been below the average rate of job growth for the entire post-World War II period, including both recession and recovery years…
http://www.cbpp.org/10-6-06inc.htm
IN FIRST HALF OF 2006, WAGES AND SALARIES CAPTURED SMALLEST SHARE OF INCOME ON RECORD
Commerce Department data released on September 28 show that in the first half of 2006, the share of national income that went to wages and salaries was at the lowest level on record, with data going back to 1929.
The share of national income captured by corporate profits, in contrast, was at its highest level since 1950.
http://www.cbpp.org/8-31-06inc.htm
Fresh gloom for US factory sector
BBC
November 2006
The US manufacturing sector grew at its slowest pace for three years in October…
Chart: Where the Jobs Aren’t
http://www.businessweek.com/magazine/content/06_39/b4002008.htm
Graphic: The True Picture Of The Job Recovery
http://www.businessweek.com/magazine/content/06_39/b4002004.htm
Bush Has ‘Worst Job Growth of the Last 40 Years’ Despite 810,000 Job Injection
10/06/2006
Today boasted the data release of ‘Non-farm Payrolls’ and the unemployment rate – two of the most intensely watched measures of U.S. economic health.
This month showed that 51,000 jobs were created in the month of September – about 80,000 FEWER than the market expected. However, August’s job creation numbers were revised upwards by about 60,000 jobs. So the 2-month total came out slightly weaker than expected.
As expected, the Dollar dropped on that negative economic information – but wait!
Along comes the 600 pound gorilla – or maybe I should say the 810,000 pound gorilla.
That’s right. Something called a ‘Benchmark revision’ to prior job creations were upped by an astronomical 810,000 jobs.
In all my years in the business, I’ve never heard of such an enormous revision – almost clownish.
Now comes the strange part…
…and no, I’m not implying there is any funny business going on ‘behind the scenes’ but, my friend, the chief economic strategist for a major international bank, remarked that the number was “ridiculous”.
Seems the Bureau of Labor and Statistics (BLS), the cruncher of this payrolls data, announced its ‘annual benchmarking’ – a process that allows them to modify a prior years worth of data to more accurately reflect how things unfolded over the course of that fiscal year.
This time, their ‘annual benchmarking’ added 810,000 jobs to Bush’s economy for the fiscal year April 2005 – March 2006. This means that the level of payrolls as of March this year was 810K higher than previously thought. (Note that this exercise does not affect any data released since March. Next year’s benchmarking will cover these.)
How big an outlier was this revision?
For comparison, the aggregate benchmark revisions dating back to 1996 added a whopping 1,555K jobs to the economy, 810K of which (52%) were added during April 2005-March 2006!
U.S. jobs picture stronger with expected revisions
the estimate for total nonfarm payroll employment in March 2006 will require an upward revision of approximately 810,000…
This will be the biggest benchmark revision since the department began making them in 1991
http://today.reuters.com/news/articleinvesting.aspx?type=economicNews&storyID=2006-10-06T141406Z_01_N06343440_RTRIDST_0_ECONOMY-JOBS-BENCHMARK.XML
And about that DOW…
US ponders market manipulation
Financial News
16 Oct 2006
Until the summer, the trends appeared ominous. The Fed was raising short rates and inflation was climbing. The price of crude oil stopped short of $80 a barrel. Sales of new homes were dropping off a cliff.
Then, as if by magic, everything changed…
Conspiracy theories have abounded since Hank Paulson, boss of Goldman Sachs, was nominated in May to become treasury secretary. He had no political qualifications but a powerful reputation as a market fixer…
http://www.financialnews-us.com/?page=uscomment&contentid=1045631696
Paulson re-activates secretive support team to prevent markets meltdown
Telegraph
30/10/2006
Judging by their body language, the US authorities believe the roaring bull market this autumn is just a suckers’ rally before the inevitable storm hits.
Hank Paulson, the market-wise Treasury Secretary who built a $700m fortune at Goldman Sachs, is re-activating the ‘plunge protection team’ (PPT), a shadowy body with powers to support stock index, currency, and credit futures in a crash.
Otherwise known as the working group on financial markets, it was created by Ronald Reagan to prevent a repeat of the Wall Street meltdown in October 1987…
The economy is absolute shit up here in southeastern michigan.
[quote]Marmadogg wrote:
August and September were good but October was lousy.[/quote]
Yes, but your forgetting that October’s numbers will probably need to be revised. As Auqust and September were. Employment numbers are typically missing data when first released.
An illustration.
August:
123,000 (non-revised); 230,000 (revised)
September:
51,000 (non-revised); 148,000 (revised)
October:
92,000 (non-revised); N/A (revised)