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Old 04-21-2006, 08:04 AM  
oldandslow oldandslow is offline
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33% ... well there is patteeu and ?????

I am trying to figure out where the 33% are????

just kidding with you patteeu.

We're gettin' close to tricky dick numbers.

FOX Poll: Gloomy Economic Views; Bush Approval at New Low

FOX NEWS wrote:
NEW YORK — More Americans disapprove than approve of how George W. Bush, Donald Rumsfeld and Congress are doing their jobs, while a majority approves of Condoleezza Rice. President Bush’s approval hits a record low of 33 percent this week, clearly damaged by sinking support among Republicans.

Opinions are sharply divided on whether Rumsfeld should resign as secretary of defense. In addition, views on the economy are glum; most Americans rate the current economy negatively, and twice as many say it feels like the economy is getting worse rather than better. These are just some of the findings of the latest FOX News national poll.
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Old 04-21-2006, 09:04 AM   #2
patteeu patteeu is offline
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Everything will turn around when they replace the press secretary. [/TIC]
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Old 04-21-2006, 09:10 AM   #3
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The presidents numbers have him at 33%.

I can understand how the war in Iraq can have an impact on that particular category, but how in the world is the 33% in the economy rationalized? Our economy is better than it's been in many years.

I do understand that it's just because it's Bush that the economy is graded as bad. If it were a democrat and the economy had the same performance over the past few years it would be a different story. But then if a democrat were in office the economy would be in the shitter because we would have been having more terrorist attacks due to their apathy in that area.
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Old 04-21-2006, 09:38 AM   #4
oldandslow oldandslow is offline
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Chiefs Express...

I think that, while the stock market is doing well, the economy is not as rosy as the gov't would have us believe. I know real wages have not risen in about 5 years and the folks are worried about energy, etc.

JMO
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Old 04-21-2006, 09:48 AM   #5
patteeu patteeu is offline
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I don't know how gold can double in price and how oil can double or triple without any significant sign of inflation which leads me to be a little apprehensive about the economy.


My long range outlook on the economy is impacted by what I see as shortsighted impulses to fight against globalization instead of doing what we can to reorient our economy away from an approach that counts on the US market driving the world economy from the demand side toward one that recognizes that we have to be a supplier for the global economy.
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Old 04-21-2006, 09:54 AM   #6
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Quote:
Originally Posted by oldandslow
Chiefs Express...

I think that, while the stock market is doing well, the economy is not as rosy as the gov't would have us believe. I know real wages have not risen in about 5 years and the folks are worried about energy, etc.

JMO
You are generalizing to prove your point.

Even at it's lowest the increases to offset the cost of living was applied in every place I've worked over the past 6 years.

Increases in jobs, decreasing of unemployment to it's lowest levels in a decade, GNP up seem to indicate that the rosy view is not just what the government wants us to see, it's what is actually happening.

Yes the markets are up. My 401k is jumping by leaps and bounds every quarter. Just after 9/11 I lost almost 50% of what I had in my 401k and I have almost doubled the amount in my account before the losses. All of that has happened in the past 5 years.

You might be convinced that all is bad, but from what I see we are doing OK in the U.S. with the exception of the raging war over the war in Iraq.
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Old 04-21-2006, 11:13 AM   #7
oldandslow oldandslow is offline
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CE...

...and you are using anecdotal evidence to support your position.

The fact of the matter is that the govt began using different measures to look at the CPI (Consumer Price Index) years ago. They leave out energy, food, and various other items that used to be used to measure inflation. I read an article several weeks ago that pointed out that if we were using the same measures that were used in the Carter admin, inflation would be running somewhere around 8%. Overall workers COL increases are NOT keeping up with that rate.

I agree with your arguments concerning the stock market. But, I suspect we need to begin to understand why they have risen so dramatically (I suspect it has much to do with doing away with pension plans and placing that money in 401K's - i.e. - more money forcing up stock prices.)

Real wages for middle America have stagnated over the last 15 years - UNDER BOTH CLINTON AND BUSH - it is beginning to catch up with folks.
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Old 04-21-2006, 11:15 AM   #8
oldandslow oldandslow is offline
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Quote:
Originally Posted by patteeu
I don't know how gold can double in price and how oil can double or triple without any significant sign of inflation which leads me to be a little apprehensive about the economy.


My long range outlook on the economy is impacted by what I see as shortsighted impulses to fight against globalization instead of doing what we can to reorient our economy away from an approach that counts on the US market driving the world economy from the demand side toward one that recognizes that we have to be a supplier for the global economy.
Today is a GREAT day. I agree with this post 100%.

I will also say that this has nothing (or relatively little) to do with GWB.
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Old 04-21-2006, 11:17 AM   #9
Dave Lane Dave Lane is offline
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Quote:
Originally Posted by Chiefs Express
You are generalizing to prove your point.

Even at it's lowest the increases to offset the cost of living was applied in every place I've worked over the past 6 years.

Increases in jobs, decreasing of unemployment to it's lowest levels in a decade, GNP up seem to indicate that the rosy view is not just what the government wants us to see, it's what is actually happening.

Yes the markets are up. My 401k is jumping by leaps and bounds every quarter. Just after 9/11 I lost almost 50% of what I had in my 401k and I have almost doubled the amount in my account before the losses. All of that has happened in the past 5 years.

You might be convinced that all is bad, but from what I see we are doing OK in the U.S. with the exception of the raging war over the war in Iraq.

What did Reagan say? A recession is when your neighbor is laid off a depression is when you are laid off.

You're looking at this to narrowly IMO. I have pretty strong fears soon with a huge deficeit, rising silver and gold prices and huge oil increases looming on the horizon. Glad things are going well for you though.

Dave
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Old 04-21-2006, 11:23 AM   #10
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Quote:
Originally Posted by oldandslow
CE...

...and you are using anecdotal evidence to support your position.

The fact of the matter is that the govt began using different measures to look at the CPI (Consumer Price Index) years ago. They leave out energy, food, and various other items that used to be used to measure inflation. I read an article several weeks ago that pointed out that if we were using the same measures that were used in the Carter admin, inflation would be running somewhere around 8%. Overall workers COL increases are NOT keeping up with that rate.

I agree with your arguments concerning the stock market. But, I suspect we need to begin to understand why they have risen so dramatically (I suspect it has much to do with doing away with pension plans and placing that money in 401K's - i.e. - more money forcing up stock prices.)

Real wages for middle America have stagnated over the last 15 years - UNDER BOTH CLINTON AND BUSH - it is beginning to catch up with folks.
So you are saying that the 4% increase this year is out of line?
I can't say that I agree.

FWIW, my middle class real wages increased dramatically this year. The rate our business is growing I don't see any down turn anytime soon.
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Old 04-21-2006, 11:25 AM   #11
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Originally Posted by Dave Lane
What did Reagan say? A recession is when your neighbor is laid off a depression is when you are laid off.

You're looking at this to narrowly IMO. I have pretty strong fears soon with a huge deficeit, rising silver and gold prices and huge oil increases looming on the horizon. Glad things are going well for you though.

Dave
Your fears may be well founded, but on the other hand they might just be fears on your part.

In the old days when economic fears started running rampant it seems like the resident democratic presidnent started up a war to help business. Considering we are at war now, what will happen IF a democrat gets into office? Expand the war?
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Old 04-21-2006, 12:16 PM   #12
oldandslow oldandslow is offline
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And here is the real underlying cause of unease....

BREAKING
NEWS Oil tops $75 a barrel for new record. Details soon.
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