[email protected] (JP) wrote:
>Mark Hickey <
[email protected]> wrote
>> The unemployment rate is 5.7%, which is better than the
>> average for any of the last three (or is it four?)
>> decades. It's also the same number that Clinton
>> (rightfully) bragged about during his reelection
>> campaign. There have been approximately 800,000 jobs
>> added since August - still not as fast as anyone would
>> like, but job growth is a lagging indicator. Jobs go away
>> after the economy starts down, and come back after it's
>> heading back up.
>
>When you consider the long-term unemployed, those who
>have given up looking for work, the rate is more like
>7.1%. But go to some place like Ohio; they don't need you
>or me quoting a bunch of statistics- they know what the
>reality is.
Yes, let's not pay any attention to the actual statistics.
Rather, let's find a pocket that has been affected most and
try to extrapolate that to the national level. Heh.
>> The really scary thing is, there are a lot of people out
>> there who are so partisan that they HOPE the economic
>> recovery stalls. Boggles the mind.
>
>The recovery *is* stalled. What I *hope* is that Americans
>don't fall for ******** story that one month of job
>creation represents any kind of significant recovery.
800,000 jobs since August. But why don't you post some
statistical indicators showing the economy is "stalled"?
C'mon, I know you can do
it.
>> It does kind of throw water in the face of the "Bush is
>> in bed with big oil" theory though, doesn't it?
>
>In what way? Oil prices are at their highest level in
>many years.
Politically a very negative issue for GWB. You guys are
unbelievable. If the prices go up, it's GWB's fault. If they
go down, it's a conspiracy to help GWB win the election.
>> > I am not an economist, but my impression is that high
>> > energy prices choke the economy about as well as
>> > raising interest rates (there is some research to
>> > support this). High prices have a broad inflationary
>> > impact- first are the direct costs of fuel, but then
>> > the the secondary costs start to permeate the entire
>> > economy, raising prices and suppressing demand.
>>
>> I agree that high energy costs don't help the recovery at
>> all. Hopefully it will stabilize soon.
>
>Stabilization is not enough. Prices have to go down or we
>are screwed.
The prices are a problem, but aren't as high (when adjusted
for inflation) as in the '70's.
>> >This economy is going nowhere.
>>
>> I think you've got to be living in an alternate
>> universe to actually believe that though - that much
>> cognitive dissonance in the face of the actual
>> statistics must hurt.
>
>What hurts is if you are an unemployed tech worker looking
>for a job.
Again, let's focus on one sub-sub-subsegment and try to
convince the rest of the voters that they're representative
of the entire country.
>It's a prediction. I gave a brief analysis of current conditions-
>high energy prices, huge federal deficit, no wage growth,
>no job growth- that I think present an environment very
>unfavorable to sustained economic growth. Those are facts.
>You rattle off one supposedly good month of crummy (meaning
>the jobs are crummy) job growth and you claim everything's
>peachy. The US economic conditions are *bad*.
You are ignoring SO much evidence to the contrary, and the
opinion of just about every financial expert to support your
assertion. Heck, even Kerry isn't trying to claim the
economy is bad any more.
Mark Hickey Habanero Cycles
http://www.habcycles.com Home of
the $695 ti frame