Economy Up 3.3% for 2Q

[John McKenna]

http://biz.yahoo.com/ap/080828/economy.html

[Gerry Beaumont]

Hi to all,

It's just a shame that we don't operate in that consumer durables market John

The housing market

Regards

Gerry

[John McKenna]

Yes, but if the rest of the economy does well, it will help pull up the
housing slump, as well as showing that consumer confidences is still strong.

[Michael Larson]

I hate to be a wet blanket here but this optimism may be misplaced.

The $US dollar is still at a very low value. Currently 5% above recent lows.

Yes that spurs exports but raised prices for imported goods.

Can you say inflation?

The housing sector is very pervasive in our economy and we still have a lot to flush through the system in terms of poorly performing home mortgages held by the financial institutions.

Can you say a lot of ugly is still ahead?

The "stimulus package" had an effect but what will prop up consumer spending next?

Maybe more "stimulus packages"

Can you say increased federal debt and continued dollar decline and with it more inflation?

In short, we are doing all the wrong things with the silly hope that somehow we will escape the consequences.

Good luck to us all.

[whandley]

http://www.dqnews.com/News/California/RRCA080820.aspx

http://www.dqnews.com/News/Californi...SCA080818.aspx

[relliott]

Originally Posted by jmckenna1

http://biz.yahoo.com/ap/080828/economy.html

Wow! pop out the Champaign.

Lets all vote for Bush again.

[Gerry Beaumont]

Originally Posted by jmckenna1

as well as showing that consumer confidences is still strong.

John, I don't know what you're smoking but the CCI is far from strong despite showing a small gain last month:

http://www.conference-board.org/econ...Confidence.cfm

Regards

Gerry

[Michael Larson]

Originally Posted by relliott

Wow! pop out the Champaign.

Lets all vote for Bush again.

Obama can only make it worse Bob.

Promises to raise taxes

Promises to provide "affordable " healthcare

Promises to curb carbon emissions

Promises to make college more "affordable"

Promises alternative energy solutions

Same old liberal clap trap.

Trust us we know what we're doing.

[Gerry Beaumont]

McCain can only make it worse Bob.

Promises NOT to raise taxes (watch his lips)

Promises NOT to provide "affordable " healthcare

Promises NOT to curb carbon emissions (who needs clean air anyway?)

Promises to make college more LESS "affordable"

Promises NOT TO SEEK alternative energy solutions (Hell we'll just print more greenbacks to cover more foreign oil)

Same old GOP clap trap.

Trust us we know what we're doing.

[relliott]

Originally Posted by mlarson

Obama can only make it worse Bob.

Promises to raise taxes

Promises to provide "affordable " health care

Promises to curb carbon emissions

Promises to make college more "affordable"

Promises alternative energy solutions

Same old liberal clap trap.

Trust us we know what we're doing.

Well in that entire list , they ar all positives.

Except the one about raising taxes, and since my income is below $227,000 this is not a problem.

Mike , does it ever get tiring defending the rich?

Either you are ,or you are a wanna be.

We can fight all we want but ,Republican or Democrat, there is no going back to the wild west of everyone for themselves.

Even under the precious Republican banner your rights have melted, more than you realize.

Remember the Christian value of you get what you give?

The Republicans are far from Libertarian in their viewpoints.

At least in voting Democrat we can repair some of the hatred that was directed towards our once great Nation.

To see us slide down to the level of uneducated thugs (19th) in world education,and meet so many suffering on a personal level, from losing jobs , to not being able to afford health care has me sick,though I also can't afford a trip to the Doctor.

Change is inevitable,and it may be time to embrase a better future , rather than living in the past.

What happens to the economy is often predictated by perception , and McCain would only send the USA in to a long isolated slumber.

Whether or not you like him, it may be very important for the DEM to take office ,for optimisim that is needed if we are to succeed in turning course, and save this sinking ship.

[Michael Larson]

Originally Posted by gbeaumont

McCain can only make it worse Bob.

Promises NOT to raise taxes (watch his lips)

Get over it Gerry that was almost 20 years ago with Bush I
At least McCain claims to recognize that spending is the problem

Promises NOT to provide "affordable " healthcare

At least he doesn't want to nationalize it and end up with rationing.

Promises NOT to curb carbon emissions (who needs clean air anyway?)

He is a big advocate of cap and trade Gerry.

Promises to make college more LESS "affordable"

College is overrated anyway. I've been there. Educated idiots abound.

Promises NOT TO SEEK alternative energy solutions (Hell we'll just print more greenbacks to cover more foreign oil)

Really, Guess you haven't read his policy positions
Remember the $300 million prize idiocy?

Same old GOP clap trap.

Probably true

Trust us we know what we're doing.

My friend Gerry, our choices simply suck. Period.

[Michael Larson]

Originally Posted by relliott

Well in that entire list , they ar all positives.

Except the one about raising taxes, and since my income is below $227,000 this is not a problem.

So your just fine with with confiscating the wealth of others?
And no I don't make over $227,000. (I wish)

Mike , does it ever get tiring defending the rich?

I sorry you see it that way. I will defend rich and poor from intrusive, nanny state liberalism that imagines that we can tax our way to prosperity.

Either you are ,or you are a wanna be.

Hardly am but would mind being so, but my principles do not allow be to expect the "rich" to pay for liberalism's fanciful programs.
Don't you realize that we could confiscate all their "wealth" and it would be enough?

We can fight all we want but ,Republican or Democrat, there is no going back to the wild west of everyone for themselves.

I thought you were a Libertarian ant heart. Have you completely sold out?

Even under the precious Republican banner your rights have melted, more than you realize.

What rights have you and I lost Bob. I must have missed it.

Remember the Christian value of you get what you give?

Is that in the bible?

The Republicans are far from Libertarian in their viewpoints.

No kidding and the Democrats are closer?

At least in voting Democrat we can repair some of the hatred that was directed towards our once great Nation.

I don't give a flying flip that the "world" hates us.
If that was really true, why do so many want to come here.

To see us slide down to the level of uneducated thugs (19th) in world education,and meet so many suffering on a personal level, from losing jobs , to not being able to afford health care has me sick,though I also can't afford a trip to the Doctor.

And the Democrats can fix that? Good luck and at who's expense?

Change is inevitable,and it may be time to embrase a better future , rather than living in the past.

How is increased taxation, more government control in our daily lives, and unexplained "change" better?

What happens to the economy is often predictated by perception , and McCain would only send the USA in to a long isolated slumber.

That's your opinion.

Whether or not you like him, it may be very important for the DEM to take office ,for optimisim that is needed if we are to succeed in turning course, and save this sinking ship.

That's the trouble Bob, the course ahead is murky at best and Obama is not equipped to handle the helm.

[James H. Bushart]

[quote=mlarson]That's the trouble Bob, the course ahead is murky at best and Obama is not equipped to handle the helm/quote]

...and neither is McCain.

The truth of the matter is, no one enters the office "qualified". That is why the issue of character is so desperately important.

For 13 days in October of 1962, the world almost ended. The decision to respond to Russian missiles in Cuba rested on the shoulders of one man whose military advisors and political allies were pushing him to a decision that would result in nuclear war.

Alone and against the advice of those who were "qualified"...and with the support of his brother, JFK chose a path that allowed the Russians to "save face" and withdraw their weapons.

It is for those moments we should consider the character and courage of the person we choose to lead us.

IMO, McCain is a known loss.

[Michael Larson]

And Obama is a total unkown Jim

We simply don't know what the man is made of.

We do know the policies and type of government his party supports.

He's a snake oil salesmen selling the magic cure called "change"

[nwagner]

Originally Posted by mlarson

College is overrated anyway. I've been there. Educated idiots abound.

I'll second that!