dl021
Posts: 10836
Joined: Fri May 21, 2004 12:04 pm

U.S. Economy Grows! Thanks, Tax Cuts.

Thu Oct 28, 2004 5:44 am

The US economy grew in September and October. Durable goods sales were up, and new home sales were up to near record levels. News like this seems to be underreported by some of the media, who may not want to shine any good news that may reflect well upon the president right before the election. Which way is the media slanting its editorial process?

here are some sites from varied locales to peruse. There are more, even if some of them are damning with their faint praise.

http://news.xinhuanet.com/english/2004-10/28/content_2147028.htm
http://www.casperstartribune.net/articles/2004/10/27/ap/business/d85vubc00.txt
http://www.forbes.com/fdc/welcome.shtml

[Edited 2004-10-27 22:45:09]
Is my Pan Am ticket to the moon still good?
 
L-188
Posts: 29881
Joined: Wed Jul 07, 1999 11:27 am

RE: U.S. Economy Grows! Thanks, Tax Cuts.

Thu Oct 28, 2004 6:08 am

And it grew despite the presence of something that investors hate..Uncertainty.

Uncertainly cause mainly by the election and the closeness of the two canidates. Election of Hanoi Kerry could bring radical change in the way the economic engines of this country are run.....changes that by definition would change the investments that investors would make.

Look after the election for the economy to set on a direction as investors feel more confident about the way the country will head.
OBAMA-WORST PRESIDENT EVER....Even SKOORB would be better.
 
commander_rabb
Posts: 723
Joined: Sat Feb 26, 2000 6:59 am

RE: U.S. Economy Grows! Thanks, Tax Cuts.

Thu Oct 28, 2004 6:19 am

We all know, that both parties know that the economy is moving in the right direction.

I can just see the votes increasing for the President.

 Big thumbs up

 
DeltaGuy
Posts: 3965
Joined: Wed Sep 12, 2001 5:25 am

RE: U.S. Economy Grows! Thanks, Tax Cuts.

Thu Oct 28, 2004 6:22 am

So can I...and the view looks great from here Big grin

Tax breaks are a proven economic booster...my family used ours to help buy two news cars...something we couldn't have done if we hadn't gotten the break. To me, that's a practical example of economy stimulation.

DeltaGuy
"The cockpit, what is it?" "It's the little room in the front of the plane where the pilot sits, but that's not importan
 
whitehatter
Posts: 5180
Joined: Sat Jun 12, 2004 6:52 am

RE: U.S. Economy Grows! Thanks, Tax Cuts.

Thu Oct 28, 2004 6:22 am

And now for something completely different...

http://news.bbc.co.uk/1/hi/business/3956809.stm

Amazing how political bias can spin figures and ignore other indicators. Maybe the Republican faction can explain or spin this away, which is a cold reporting of US data without any agenda.
Lead me not into temptation, I can find my own way there...
 
L-188
Posts: 29881
Joined: Wed Jul 07, 1999 11:27 am

RE: U.S. Economy Grows! Thanks, Tax Cuts.

Thu Oct 28, 2004 6:24 am

Actually Whitehatter. The liberal media in this country is also doing all they can to play up "slower growth" in those reserve districts....

What the hell is with slower growth, if it was Clinton they would be playing up the Growth part of it.

Economics is perception and the liberal media knows that if they play up the negatives in a report they can help their poster boy Hanoi John get the White House.
OBAMA-WORST PRESIDENT EVER....Even SKOORB would be better.
 
dl021
Posts: 10836
Joined: Fri May 21, 2004 12:04 pm

RE: U.S. Economy Grows! Thanks, Tax Cuts.

Thu Oct 28, 2004 6:40 am

You know Whitehatter... I posted something from Xinhua for Gods sake. The tax cuts helped our economy overcome the recession and recover even after the incredible damage suffered by our consumer based economy. People had more money to spend and did.

Consumer confidence is a weird thing that is definitely impacted by the media and messages sent by political leaders to whom people look for confidence. I know that seems silly, but people look to their elected leaders for comfort. We put these people in place to keep the store running, i.e. the courts the defence forces, the lawmaking and enforcing, and for basic leadership. We are sorely lacking in that category from many of our leaders who seem intent on amking people feel bad so that they will vote a certain way. Now the funny thing is people will respond to this either by accusing republicans or democrats.

I think the dems are shamefully crying wolf and shrieking that the sky is falling so they can scare the voters into voting for them. They say that the evil republicans will take drugs and ssan checks away from seniors, and that they are creating enemies around the world.

The republicans are telling everyone that there are evil people who are intent on hurting us, and that they are the better party to lead us through this. The only enemies created are the people who already hated us and want to hurt us. Our winning will require sacrifice and perseverance. No other way, and they told us what to expect. The economy is getting better and better, and we are movingin the right direction.

All told, I'd rather get the truth and see the progress, rather than listen to the democrats cry and whine.
Is my Pan Am ticket to the moon still good?
 
nosedive
Posts: 2176
Joined: Sun May 23, 2004 2:18 pm

RE: U.S. Economy Grows! Thanks, Tax Cuts.

Thu Oct 28, 2004 7:29 am

I posted something from Xinhua for Gods sake.

And this is important why?

Consumer confidence is a weird thing that is definitely impacted by the media and messages sent by political leaders to whom people look for confidence. I know that seems silly, but people look to their elected leaders for comfort.

So if that was the case, then the economy would be growing proportionally to the approval ratings of those in power. NEVERMIND WE HAVE THE FEDERAL RESERVE BANK! So let's say that the economy will grow of a majority approval rating and will reduce in periods of a negative rating. So if Bush's approval rating was only 51% (see here: http://www.pollingreport.com/BushJob.htm) then wouldn't the economy be feeling a very limited growth? (Nevermind the fact that the Bush approval rating has been a bit in flux around the 50% mark)

The republicans are telling everyone that there are evil people who are intent on hurting us, and that they are the better party to lead us through this.

Hmmmmm...... so if the people in power don't have confidence, then should I (your logic)

Actually Whitehatter. The liberal media in this country is also doing all they can to play up "slower growth" in those reserve districts....

So by this logic the "conservative" media is doing what...............
 
cfalk
Posts: 10221
Joined: Mon Dec 04, 2000 6:38 pm

RE: U.S. Economy Grows! Thanks, Tax Cuts.

Thu Oct 28, 2004 7:45 am

So if that was the case, then the economy would be growing proportionally to the approval ratings of those in power.

What Dl021 said is true - Kerry keeps saying that the economy sucks and that it's Bush's fault. His supporters, many of whom don't even like Kerry but will vote for him just because they hate Bush more, will convince themselves that his claims are true, simply to justify their vote. Only a week left to go and automatically you will have 47 or 48% of the population who will say to the pollsters that the economy sucks.

Charles
The only thing you should feel when shooting a terrorist: Recoil.
 
L-188
Posts: 29881
Joined: Wed Jul 07, 1999 11:27 am

RE: U.S. Economy Grows! Thanks, Tax Cuts.

Thu Oct 28, 2004 7:58 am

Exactly.

It benifits Kerry to keep people unemployed by having himself and other members of his ilk play down the performace of the economy.

Doesn't matter the reality doesn't jive, provide the perception and the people that support Kerry will believe it.
OBAMA-WORST PRESIDENT EVER....Even SKOORB would be better.
 
Arrow
Posts: 2325
Joined: Wed Jun 19, 2002 7:44 am

RE: U.S. Economy Grows! Thanks, Tax Cuts.

Thu Oct 28, 2004 8:39 am

Amazing -- not one of you guys has mentioned the out-of-control debt and deficit regime that your pal Bush has foisted on the American people with his ill-considered and now totally indefensible war in Iraq. It will punish your economy big-time over the next four years, and the only thing propping it up is the continued (for now, anyway) willingness of Asian banks to hold on to US debt instruments. If the dollar craters, as some economists are predicting, they'll bail out so fast you'll wonder what hit you.

The economy is moving right now because of an insatiable demand for resources and investment from China -- something that Bushites (Kerryites, too, sadly) are determined to de-rail through blatant protectionism.

In a perverse way, I actually hope Bush is re-elected. It would border on criminal for him not to be in office when these chickens come home to roost.

Good luck, y'all.


Never let the facts get in the way of a good story.

Who is online

Users browsing this forum: casinterest, Maverick623, PacificBeach88, TheF15Ace and 10 guests