MaverickM11 From United States of America, joined Apr 2000, 15734 posts, RR: 48 Posted (7 years 9 months 3 weeks 6 days 16 hours ago) and read 1489 times:
"Morgan Stanley plans to revise its forecast for third-quarter growth to more than 5 percent, up from 3.7 percent, Mr. Greenlaw said. In the second quarter, growth in the nation's gross domestic product exceeded 3 percent for the ninth straight quarter, the longest such streak since the mid-1980's."
"Those good times seem poised to continue. A survey of Midwestern purchasing managers released today offered some early evidence of the growth spurt that could come from the recent fall in inventories. Production and new orders both surged in July, after having slowed for much of the spring, according to the Chicago branch of the National Association of Purchasing Management."
"The U.S. is growing faster than the rest of the world," Mr. Greenlaw said. "It's very difficult to cut into your trade deficit in that environment."
Jaysit From , joined Dec 1969, posts, RR: Reply 2, posted (7 years 9 months 3 weeks 6 days 16 hours ago) and read 1483 times:
Quoting MaverickM11 (Thread starter): "The U.S. is growing faster than the rest of the world," Mr. Greenlaw said. "It's very difficult to cut into your trade deficit in that environment."
Obviously, this Mr Greenlaw, or the NYT, haven't looked at the growth figures for China (9-10% projected growth annually) and India (7-8% annual growth rates).
DL021 From United States of America, joined May 2004, 11433 posts, RR: 81 Reply 3, posted (7 years 9 months 3 weeks 6 days 16 hours ago) and read 1469 times:
Wow, must be a conservative plot to get the NYT to print such drivel. Imagine such a thing....the US economy doing well! Says who? And anyway....so what if we have this growth for such a long time (9 qtrs...thats like 27 months)....it's only temporary...
Jaysit...that's a bit disengenous when you take into account that China and India can easily expand much more dramatically due to the fact that they are starting from much farther down the food chain economically speaking.
It's much easier to expand 10% of $100 than 5% of 1000, especially when you take into account the population differences.
Plus, our expansion of 3% probably outstrips, dollar wise, any growth in a developing economy.
The real questions for those countries will be when will their poverty level and likelihood for starvation come into line with ours.
Cfalk From , joined Dec 1969, posts, RR: Reply 5, posted (7 years 9 months 3 weeks 6 days 16 hours ago) and read 1472 times:
Quoting Jaysit (Reply 2): Obviously, this Mr Greenlaw, or the NYT, haven't looked at the growth figures for China (9-10% projected growth annually) and India (7-8% annual growth rates).
I'm not surprised to see the Bush-haters poo-pooing economic growth. The deficit is going down, unemployment is heading down, growth is going strong, etc., and all you can say is that India and China is doing better.
The real champ is actually Iraq.
Rank Country GDP - real growth rate
(%) Date of Information
1 Iraq 52.30 2004 est.
2 Chad 38.00 2004 est.
3 Liberia 21.80 2004 est.
4 Equatorial Guinea 20.00 2002 est.
5 Venezuela 16.80 2004 est.
6 Macau 15.60 2003
7 Ukraine 12.00 2004 est.
8 Angola 11.70 2004 est.
9 Ethiopia 11.60 2004 est.
10 Liechtenstein 11.00 1999 est.
11 Mongolia 10.60 2004 est.
12 Tajikistan 10.50 2004 est.
13 Uruguay 10.20 2004 est.
14 Faroe Islands 10.00 2001 est.
15 Azerbaijan 9.80 2004 est.
16 Georgia 9.50 2004 est.
17 China 9.10 2004 est.
18 Kazakhstan 9.10 2004 est.
19 Armenia 9.00 2004 est.
20 Qatar 8.70 2004 est.
21 Argentina 8.30 2004 est.
22 Mozambique 8.20 2004 est.
23 Turkey 8.20 2004 est.
24 Romania 8.10 2004 est.
25 Singapore 8.10 2004 est.
26 Hong Kong 7.90 2004 est.
27 Vietnam 7.70 2004 est.
28 Latvia 7.60 2004 est.
29 Afghanistan 7.50 2004 est.
30 Turkmenistan 7.50 2004 est.
31 Congo, Democratic Republic of the 7.50 2004 est.
32 San Marino 7.50 2001 est.
33 Cook Islands 7.10 2001 est.
34 Malaysia 7.10 2004 est.
35 Kuwait 6.80 2004 est.
36 Moldova 6.80 2004 est.
37 Russia 6.70 2004 est.
38 Lithuania 6.60 2004 est.
39 Serbia and Montenegro 6.50 2004 est.
40 Belarus 6.40 2004 est.
41 Sudan 6.40 2004 est.
42 Iran 6.30 2004 est.
43 India 6.20 2004 est.
44 Nigeria 6.20 2004 est.
45 Algeria 6.10 2004 est.
46 Thailand 6.10 2004 est.
47 Pakistan 6.10 2004 est.
48 Estonia 6.00 2004 est.
49 Gambia, The 6.00 2004 est.
50 West Bank 6.00 2003 est
If you look at the list, you can see that the poorer the country, the faster you can potentially grow. Iraq, China and India are growing fast because they were so far behind to begin with. The U.S. does not have 75% of their population living on $100 per month.
Jaysit From , joined Dec 1969, posts, RR: Reply 6, posted (7 years 9 months 3 weeks 6 days 15 hours ago) and read 1457 times:
Quoting DL021 (Reply 3): Jaysit...that's a bit disengenous when you take into account that China and India can easily expand much more dramatically due to the fact that they are starting from much farther down the food chain economically speaking.
That's not the point.
Of course, developing economies can develop faster than advanced economies.
The point is that these experts should add qualifyers to their statements. The US IS growing faster than its advanced economy compatriots like France, Japan, Germany (the former two being the perennial laggards of the global economy). Among advanced economies, only Ireland, I believe, is seeing a faster economic growth rate than the US.
Contrary to most people, I also don't believe that the housing market is a "bubble economy." In fact, my faith in both the economy and the housing market led me to buy a new place with the most fr*ggin' amazing views in all of Washington, DC this past weekend !
Of course, we're all screwed if these projections are merely gloss, a temporary blip (which has happened before), and if the housing market crashes.
B744F From Germany, joined Jan 2006, 0 posts, RR: 0 Reply 8, posted (7 years 9 months 3 weeks 6 days 14 hours ago) and read 1429 times:
Quoting DL021 (Reply 3): The real questions for those countries will be when will their poverty level and likelihood for starvation come into line with ours.
You don't have to worry, the US is doing a fine job of lowering our own level down to try to meet theirs
Not if Mr Greenspan gets in the way, like he is supposed to do. "fighting inflation" they call it, but it should be called "protecting the wealth of the few"
Superfly From Thailand, joined May 2000, 38512 posts, RR: 80 Reply 14, posted (7 years 9 months 3 weeks 6 days 13 hours ago) and read 1391 times:
Quoting 767Lover (Reply 12): You'd have to be reasonably well-off to be living in SF proper.
True but I am not rich.
I just spend my money wisely.
I have to pay high federal taxes because I chose not to be married and have children at this stage of my life.
Pope From , joined Dec 1969, posts, RR: Reply 15, posted (7 years 9 months 3 weeks 6 days 12 hours ago) and read 1379 times:
Quoting Superfly (Reply 14): True but I am not rich.
I just spend my money wisely.
I have to pay high federal taxes because I chose not to be married and have children at this stage of my life.
And the hypocrisy of the left is once again clearly displayed through their own words. According to most liberals, if a person is well off and conservative, it's because they got the money by cheating someone else out of it, taking advantage of someone else, stealing or inheriting it. However, if a liberal is well off, it's because they've spent their money wisely.
DL021 From United States of America, joined May 2004, 11433 posts, RR: 81 Reply 17, posted (7 years 9 months 3 weeks 6 days 12 hours ago) and read 1374 times:
Quoting DL021 (Reply 3):
The real questions for those countries will be when will their poverty level and likelihood for starvation come into line with ours.
B744F-You don't have to worry, the US is doing a fine job of lowering our own level down to try to meet theirs
Do you not read your own posts? If the US is lowering the poverty rates then I guess we're doing the right thing.
Pope From , joined Dec 1969, posts, RR: Reply 18, posted (7 years 9 months 3 weeks 6 days 12 hours ago) and read 1368 times:
Quoting Superfly (Reply 16): Pope:
So how am I a hypocrit?
Would you be happier if I were poor & liberal?
Again, I am NOT rich.
I worked for everything I have.
Because you regularly make statements to the effect that conservatives have gotten their money unethically - yet your money was earned through hard work and wise spending.
Hell your mentor - Howard Dean - flat out stated that Republicans have never worked an honest day in their lives.
767Lover From , joined Dec 1969, posts, RR: Reply 20, posted (7 years 9 months 3 weeks 6 days 12 hours ago) and read 1352 times:
Quoting Superfly (Reply 19): I'd still like to hear 767Lover back up or explain her comments.
Sup,
I was just sort of razzin' ya a little bit. I just got back from SF last week visiting friends, and we were talking with them about how high the prices are there, that's all. He pays $2500 a month for a one-bedroom apt., and she just bought a really nothing house for $750,000 (in Mill Valley.)
B744F From Germany, joined Jan 2006, 0 posts, RR: 0 Reply 21, posted (7 years 9 months 3 weeks 6 days 11 hours ago) and read 1338 times:
Quoting DL021 (Reply 17): Do you not read your own posts? If the US is lowering the poverty rates then I guess we're doing the right thing.
Excuse me, I ment lowering our own standards to try to become as 3rd world as them. I enjoy it when people try to argue semantics when you know exactly what I'm saying, only because you have absolutely no real response.
DL021 From United States of America, joined May 2004, 11433 posts, RR: 81 Reply 22, posted (7 years 9 months 3 weeks 6 days 10 hours ago) and read 1323 times:
Actually, I don't think you really know what you are saying half the time, since your posts are rife with inaccuracies and misapprehensions.
You presuppose that the efforts to reduce inflation are geared toward the rich? Wrong...inflationary pressures hit the poor first, reducing their dollars buying power, and making it tougher on them to live.
You say we are lowering our standard of living to approach the third world?
You obviously have never been there. Our poor drive themselves to the unemployment office and shop with foodstamps in airconditioned supermarkets, while watching color television at home. Our standard of living is everincreasing.
So you are wrong and I am not hammering you on semantics...which I did not do earlier. I will hammer you on your inability to spell. Try using the spell check button.......better spelling and more accuracy in your facts will enhance your contributions to these threads.
B744F From Germany, joined Jan 2006, 0 posts, RR: 0 Reply 23, posted (7 years 9 months 3 weeks 6 days 10 hours ago) and read 1318 times:
Quoting DL021 (Reply 22): Actually, I don't think you really know what you are saying half the time, since your posts are rife with inaccuracies and misapprehensions.
Sure whatever you say, I am only human and make mistakes, but you are painting a picture of "my posts are rife with inaccuracies" as if everything I say is incorrect, and that is complete and utter nonsense.
Quoting DL021 (Reply 22): You presuppose that the efforts to reduce inflation are geared toward the rich? Wrong...inflationary pressures hit the poor first, reducing their dollars buying power, and making it tougher on them to live.
Ridiculous. The buying power is just a myth never proven beyond fantsy equations that have never worked in the real world. Inflation hurts M-2 and M-3, and that is what the wealthy have the most of. Their dollars are worth less in the future with inflation, and the Fed makes sure to curb it to their needs, not to the needs of the poor.
Inflation is good for the poor, it gives them higher salaries to negate the higher prices that companies charge, not because the "market" automatically raises prices, but because greedy people know they can get more for what they sell because of higher inflation.
Quoting DL021 (Reply 22): You say we are lowering our standard of living to approach the third world?
You obviously have never been there. Our poor drive themselves to the unemployment office and shop with foodstamps in airconditioned supermarkets, while watching color television at home. Our standard of living is everincreasing.
Unemployment lasts for a certain amount of months only, and gives you enough money to survive if you have no expenses to begin with. Food stamps are also harder to come by, and will not get you much at supermarkets. You have no idea where I've been, but go take a walk to your local ghetto and continue to preach your opinions about how "great" it is to live there. Our standard of living is NOT increasing, our life expencancy is going DOWN. Our average wages are going DOWN, our benefits and health coverage are going DOWN while prices are the only thing going up.
The only thing that constantly rises is the wealth of the few.
Quoting DL021 (Reply 22): So you are wrong and I am not hammering you on semantics...which I did not do earlier. I will hammer you on your inability to spell. Try using the spell check button.......better spelling and more accuracy in your facts will enhance your contributions to these threads.
I am wrong about nothing you have tried to point out. I have no problem spelling, I don't care to proof read or use any spell check, once in a while I will make a mistake, but I could care less. If you want to make this a grammar forum instead of a dicussion forum go right ahead but I will not follow. I have more accuracy that you could possibly contribute, you give nothing but the party line about everything you say, you follow the herd like most of the rest and cannot think for yourself about topics beyond your knowledge yet you insist to argue them anyway.
DL021 From United States of America, joined May 2004, 11433 posts, RR: 81 Reply 24, posted (7 years 9 months 3 weeks 6 days 10 hours ago) and read 1308 times:
but go take a walk to your local ghetto and continue to preach your opinions about how "great" it is to live there
I live in the local ghetto. I do preach the gospel about the opportunities available to us, and even helped some of my neighbors find jobs. What have you done for the local poor where you are?
I've seen why many poor are poor, and it's partially because of whining socialist wannabes who tell them constantly that they are incapable of better, and should demand that others take care of them. It is a terrible thing to do to a community, but it has happened. People like you did it.
'I cannot think for myself about topics beyond my knowledge?' WTF? You have no idea what you are talking about.
Dude, get over yourself. Our standard of living is everincreasing, the life expectancy is still rising (check out the latest census stats, they seem to indicate that people are living longer).
As far as your accuracy goes....well, everything you do affects everything else you do, and your disregard for accuracy seems to pervade your factchecking and judgement. Since you are blissfully ignorant, I guess I'll stop suggesting helpful hints that might make your posts worth reading.
Is my Pan Am ticket to the moon still good?
25 Falcon84: More right-wing propoganda on Anet for those who insist that Bush's economy is the best ever. Bull cookies. Keep cheering all you want. This economy i
26 767Lover: DL, You are so right. For about 5 years I tutored an illiterate man in his 40s, from the "ghetto." (We met each week at a local library.) I was prett
27 767Lover: The economy has been terrific for me, a middle class consumer who also happens to be self-employed. I own a very modest home, nice but by no means lu
28 ANCFlyer: Falcon, I didn't see here where anyone said this Economy was the best ever. What I saw was folks lauding the growth over the last 27 months . . . I'm
29 Avek00: The Euros could learn a thing or two from us, given their significantly higher unemployment rates (in societies with DECLINING population numbers, min
30 Superfly: OK that's coo. Fair enough. ..and you didn't call? That's it? That's cheap for Mill Valley! $2500 for a 1 bedroom in San Francisco is in 2005 is in a
32 Cfalk: God, I can't believe I just read that. Somebody been smoking some pretty good stuff, and it ain't cigarettes. Charles
33 Legend500: It's interesting that these economic numbers tend to be presented out of context. Morgan-Stanley is bullish about economic growth, but says nothing ab
34 767Lover: Thanks! I try...every little bit helps.
35 DL021: Quoting B744F (Reply 23): Inflation is good for the poor, God, I can't believe I just read that. Somebody been smoking some pretty good stuff, and it
36 767Lover: You are so right. I don't understand all these knee-jerk comments such as "it's only good for the rich."
37 DL021: Quoting DL021 (Reply 35): An expanding economy is good for all of us, not just a few. You are so right. I don't understand all these knee-jerk comment
38 Spinzels: Well an expanding economy is better than an economy in recession I guess. And measured by unemployment figures and GDP growth, the US economy is inde
39 CaptOveur: And there are plenty of Liberals who made their money unethically. White collar crime occurs on both sides of the aisle. Please enlighten all of us a
40 Spinzels: Perhaps what you are referring to is that supposedly the Kennedy fortune was made in part on the illegal distribution of alcoholic beverages during p
41 B744F: He also claimed that as capital gains instead of income and thus was taxed the lower 20% instead of the tax rate he should have been taxed, 39%.
42 B744F: Ridiculous, what "socialist" wannabes complain about is a lack of a fundamental base system to support the many poor people out there. The only peopl
43 B744F: Runaway inflation is bad, controlled inflation is not. There is nothing in the real world to back up your argument. Go ahead, lecture me on how the e
44 767Lover: I know precisely what I pay in taxes. How am I supporting the rich (other than contributing to the same pool of social/community services?) I'm not s
45 B744F: Because the tax burdon has been shifted onto you, from them, since the 1960s You give an example of teaching an illiterate person how to read, and I
46 DL021: All the crap about Kennedy and Bush family fortunes is a distraction from this thread. Start that elsewhere. b744f-Reality = 1,034,309 The right wing
47 B744F: I never started anything, I was responding to a post about that topic. Obviously much more information than you picking and choosing 1 or 2 sentences
48 DL021: You obviously don't understand history nor the effects of the New Deal nor the policies after WWII. Don't argue about a topic you haven't a clue about
50 Superfly: ..and along came W. ...and child tax credit, mortgage tax deduction. The 1950s were and there were no drastic tax breaks for the rich under Truman or
51 B744F: A proven historical fact And you would be wrong Correction, they don't pay federal taxes. And the percentage of those who receive the earned income t
52 767Lover: You might not like the tax returns of the rich. However, what you fail to acknowledge are the numerous foundations and charitable services we have ava
53 B744F: Take away the tax deductions and lets see how many of them give to charities. Nonsense, for the most part, they're paying so they can get more money
54 Superfly: 767Lover: Please show me the money. Some corperations have always donated to charities regardless of what tax cuts they have received. For almost 100
55 DL021: "Quoting 767Lover (Reply 52): You might not like the tax returns of the rich. However, what you fail to acknowledge are the numerous foundations and c
56 767Lover: I've seen the area....isn't (wasn't) it a project of the Housing Authority, where a certain number of homes have to be available to low income people
57 DL021: Quoting DL021 (Reply 37): The Loaf comes to our community meetings and reports how the rebuilding of Lynwood Park is tearing apart an old community an
58 Superfly: DIO21 & 767Lover: You two missed my point all together. You claim that these tax cuts are benefiting everyone and they are not. I was simply refuting
59 Cfalk: Easy. 20 years of pent up demand. Americans had not bought homes, cars or anything in great quantities since the start of the depression. You could b
60 DL021: Yeah, there was no other place to build all the stuff we and everyone else needed, so everyone here was employed and there was no competition to speak
61 Superfly: Damn those Americans that expect a living wage and aren't willing to settle for sweatshop wages and lack of job safety like our Communist friends in
62 B744F: This is laughable. Please stop talking about topics you don't know, while turning around and complaining I am uninformed.
63 Cfalk: Ok, smartass. YOU explain how you can give $1000 to charity, get a deduction, and come out with more money than you had before you made the donation.
64 B744F: Because your deductions can be put towards paying less taxes, the overall picture is to lower your federal taxes.
65 Pope: We all know that the Bush economy sucks. It's the worst economy in 40 years. The lowest job growth. Yada Yada Yada. . . . Hmmmmm. What happened to th
67 Cfalk: Please tell me you've been joking these past couple of days. Nobody is this stupid.
68 DL021: Quoting DL021 (Reply 55): You have to give the money away to get the deductions....so your theory that they give money to get more back is inaccurate.
69 Cfalk: I'm an accountant. B744F is farting out his mouth again.
70 DL021: I should have known...... What do accountants use for birth control?
71 Cfalk: I would suggest something closer to Kindergarten.
72 Pope: First of all, Screamin' Howard Dean was all but ignored during last summer. Maybe if we were speaking about last winter, then he might be the person
74 DL021: Their personalities! American accountant joke....kind of like lawyer jokes, but drier.
75 Superfly: I am not a member but I am sure those records are public. So inquire yourself.
76 Cfalk: I figured it would be something in that range Three top fundraisers at the Democratic National Committee have resigned at a time when its chairman, f
77 Superfly: Well Pope, there is the answer to your question. After the consistant doging of Howard Dean by that so called 'liberal media' for his spirited speech,
78 Pope: The question was rhetorical. It's been widely reported that DNC is having big time fundraising problems in the Dean era. Funny thing is that when Dea
80 B744F: What are you? First you're a CEO, then downgraded to a CTO, and now just a CPA. Which one is it? And you can make all the insults you want, but if yo
81 Pope: B744F you're making an error in confusing tax deductions with tax credit. A tax deduction reduces a taxpayer's taxable income. Taxable income is gros
82 767Lover: All that and still finding time to be the spiritual leader for billions of Catholics worldwide!
83 DL021: popeBy the way - I have a BS and MS in Accounting. I hold a Florida and Georgia CPA certificate. In my previous job with a Big 5 accounting firm, I us
84 Pope: State taxes are even a bigger pain in the ass than federal taxes. Each state feels that they can create their own rules. For fiscal 2003 our company'
85 MaverickM11: Hasn't stopped you! Why don't you take some of your own advice there chief.
86 B744F: When did I say this? All I said was you reduce your liability by writing off donations to charities. I made the mistake by calling it a deduction ins
Sponsor Message: 
From United States of America, joined Apr 2000, 15734 posts, 
From Germany, joined Jan 2006, 0 posts, 
From Thailand, joined May 2000, 38512 posts, 
Printer friendly format 
