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Rev9Volts
Joined: 10 Jul 2003 Posts: 1327
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Posted: Mon Jul 19, 2004 7:17 pm Post subject: why bush will be reelected... |
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in the end most americans vote based on if they are better off economicall than 4 years before.
reagan had a simple platform...
"ask you self if you are better off now or 4 years ago when jimmy carter was elected" the vast majority were worse off. double digit inflation and interest rates. used car loans were 25%. home loans were 16-18%. now thay are lowest just about ever.. anyhoo.... the folowing is why i think it will be a landslide for bush...
Bankrupt economic outlook
By Donald Lambro
John Kerry and running mate John Edwards keep hammering away at the Bush economy, knowing they will rise or fall this year based on what voters think about their financial security.
But the economy hasn't been cooperating with their pessimistic strategy, and probably isn't likely to in the final months of this campaign.
Mr. Kerry and Mr. Edwards still talk about the U.S. economy as if it were mired in a deep recession, seemingly refusing to acknowledge anything changed for the better in the jobs picture. However, the wave of economic reports coming out of the government and the financial community (including from private business analysts) tells a very different story.
"The economy appears headed for a banner year, despite a springtime spike in energy prices and a recent increase in interest rates," Associated Press economics writer Martin Crutsinger reported last week on the latest business forecasts.
"In fact, many analysts are forecasting that the overall economy, as measured by the gross domestic product [GDP], will grow by 4.6 percent or better this year — the fastest in two decades," Mr. Crutsinger added.
To put this number into sharper perspective, the economy was turning in 4½ percent growth rates between 1997 and 1999 in President Clinton's second term, when businesses and employers were running at full throttle.
But if GDP forecasts of 4.6 percent or better turn out to be true, it will be the fastest growth rate since the economy came roaring back in 1984. That was the year the economy grew by a spectacular 7.2 percent expansion rate and Ronald Reagan won re-election with a 49-state landslide.
"We are moving into a sweet spot for the economy with interest rates not too high, jobs coming back and business investment providing strength," said Diane Swonk, chief economist at Bank One in Chicago, who forecasts a 4.8 percent GDP growth rate for the year.
David Wyss, chief economist at Standard & Poor's in New York, is just as bullish about the economy. "We are looking for a darn good year."
OK, but what about the jobs picture? Last month's preliminary payroll data reported only 112,000 jobs were created in June — half what was expected. That triggered gloomy news media talk of a possible economic slowdown that had the Kerry campaign cheering.
Well, let's put the latest jobs numbers into a more sensible, longer-term context.
• First, the unemployment rate has remained steady at 5.6 percent, far from its 6.3 percent peak a year ago.
• Second, almost 1.2 million new payroll jobs have been created so far this year — more than 1.5 million net new jobs since August 2003.
• Third, while factory payroll jobs dropped 11,000 last month, overall manufacturing employment has risen by 54,000 jobs this year. Last week's rising export numbers and falling trade deficit suggest manufacturing employment will continue growing in the months to come.
Many economists have long criticized the government's payroll numbers (which come from a nationwide poll of businesses) as less than accurate because they miss self-employed people who operate their own businesses but are not incorporated and often work out of their homes.
That's why the Labor Department's separate household survey can be a far better barometer of the jobs picture, even though it's largely ignored in news reports.
This survey reported a record 139 million Americans were working last month — up from 137.6 million since the end of 2000.
In other words, the labor force is not contracting, it is expanding, with new workers pouring into the jobs markets at ever-higher rates, another sign of increased confidence in a growing economy. More than 305,000 new workers entered the labor market last month — nearly 2.5 million in the last two years.
Despite the heavier flow of new job seekers, "the unemployment rate remains impressively low at 5.6 percent," writes economist Tim Kane of the Heritage Foundation.
"By way of comparison, the average unemployment rate of the 1990s was 5.8 percent," Mr. Kane notes. "That the economy continues to accept so many new workers with such ease is remarkable."
Some Democratic officials grudgingly acknowledge more jobs are being created, but say they are mostly poor-paying jobs without health care and other benefits. These were the same silly arguments they used in 1984 when Democrats maintained most of the jobs created in the '80s were "hamburger flippers."
The Labor Department, which surveys employment numbers as well as income levels, reports jobs are being created across the entire pay-scale spectrum and in every income category, just as they have in every previous recovery.
This is why economic forecasters predict the jobs picture will continue to improve, projecting the unemployment rate will be pushed down to 5.3 percent by December.
None of this is good news for the Kerry-Edwards ticket, which thinks it can only win if the American economy stalls, businesses close and people are thrown out of work.
That's not much of a campaign strategy, but it's all they have right now.
Donald Lambro, chief political correspondent of The Washington Times, is a nationally syndicated columnist.
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DreamTone7
Joined: 20 Sep 2002 Posts: 2571
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Posted: Mon Jul 19, 2004 8:07 pm Post subject: re |
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Why Bush will be re-elected? Try this one while you're at it:
www.drudgereport.com/kerryv.htm
...and be sure to scrole to the bottom.
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Seismic Anamoly
Joined: 22 Aug 2002 Posts: 3039
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Rev9Volts
Joined: 10 Jul 2003 Posts: 1327
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Posted: Mon Jul 19, 2004 8:36 pm Post subject: Re: re |
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what the hell does kerry know. jeebus he playus a gibson 335 ;-)
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Seismic Anamoly
Joined: 22 Aug 2002 Posts: 3039
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Rev9Volts
Joined: 10 Jul 2003 Posts: 1327
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Posted: Tue Jul 20, 2004 12:46 am Post subject: Re: re |
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a 355 i could understand....
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Galmin The King has spoken!
Joined: 30 Dec 2001 Posts: 1711
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Posted: Tue Jul 20, 2004 7:19 am Post subject: Re: re |
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Bush only has one chance to win and the recepy is:
1) Get rid of Dick.
2) Get Powell for V.P.
3) Sit on your hands and do not say anything in public.
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Seismic Anamoly
Joined: 22 Aug 2002 Posts: 3039
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Rev9Volts
Joined: 10 Jul 2003 Posts: 1327
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Posted: Tue Jul 20, 2004 12:09 pm Post subject: Re: re |
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he won't drop cheeny. it would look worse. powell will stay in appointed position. if things stay the same bush will win. if there is a terrorist attack it will have reverse effect in usa than spain.
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DreamTone7
Joined: 20 Sep 2002 Posts: 2571
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Posted: Tue Jul 20, 2004 2:31 pm Post subject: re |
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True. A terrorist attack now, with a strong response by Bush would give him the office. I wouldn't think it would be in their favor...but they've done some stupid things already, so who knows?
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Rev9Volts
Joined: 10 Jul 2003 Posts: 1327
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NRKofOver
Joined: 07 Sep 2002 Posts: 505
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Posted: Tue Jul 20, 2004 9:27 pm Post subject: Re: re |
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Another terrorist attack would not make me believe that Bush has made us safer. And it would not create a 'unity' in my mind if 'unity' meant support of him and his administration.
My music for the disenchanted masses |
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DreamTone7
Joined: 20 Sep 2002 Posts: 2571
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Posted: Tue Jul 20, 2004 9:38 pm Post subject: re |
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I didn't say an attack alone, NRK.
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Rev9Volts
Joined: 10 Jul 2003 Posts: 1327
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Posted: Thu Jul 22, 2004 4:30 pm Post subject: Re: re |
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also a historical fact wartime presidents get reelected. sort of like changing horses in the middle of a stream.
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Galmin The King has spoken!
Joined: 30 Dec 2001 Posts: 1711
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