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You mean the increase in the deficit is decreasing, don't you?
A good economy. More jobs. Lower deficit. Cavuto's pessimism isn't warranted.
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Nope. The deficit will be probably about $350 billion this year, well below last year's deficit of about $410 billion.
A good economy. More jobs. Lower deficit. Cavuto's pessimism isn't warranted.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891 -
Maybe if Bush hadn't driven the country into such a horrible deficit, people would be more willing to praise him for trimming them back.Comment
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My bad. I was thinking debt instead of deficit.Originally posted by DanS
Nope. The deficit will be probably about $350 billion this year, well below last year's deficit of about $410 billion.Christianity: The belief that a cosmic Jewish Zombie who was his own father can make you live forever if you symbolically eat his flesh and telepathically tell him you accept him as your master, so he can remove an evil force from your soul that is present in humanity because a rib-woman was convinced by a talking snake to eat from a magical tree...Comment
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Anyway, does Cavuto think an unwinding of one of the largest equity bubbles in our history would be unpainful? I think the aftermath was managed about as well as could be expected, considering that this could have been a Hoover situation.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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...to whoever is saying the opposite.Originally posted by chegitz guevara
If Cavuto and Krugman have similar arguments, perhaps you should listen.He's got the Midas touch.
But he touched it too much!
Hey Goldmember, Hey Goldmember!Comment
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Eh?
A good economy??
Not sure where DanS is living, but around here, things aren't so good.
South Carolina is one of the poorest states in the Union, and the recent gas spike put our gas prices at only 13 cents below the national average.
In a state where nearly half the people live at or below the poverty line, you can imagine what that's doing to the rank and file. I see it every day.
Further, as I understand it, even WITH our much vaunted recovery, we actually have marginally fewer jobs than we did before the economy headed south.
Further still, wages have stagnated and begun to decline. Purchasing power of those who have jobs is decreasing.
That, coupled with the still-high oil prices and the rediculously high deficit doesn't spell a rosy economy to me.
And no...the DEFICIT is not decreasing. The amount of increase is decreasing. Deficit is still going nearly straight up through the roof.
Not good.
-=Vel=-Comment
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You don't have a clue, dude.And no...the DEFICIT is not decreasing. The amount of increase is decreasing. Deficit is still going nearly straight up through the roof.
You understand incorrectly.Further, as I understand it, even WITH our much vaunted recovery, we actually have marginally fewer jobs than we did before the economy headed south.
And I look at the overall economy. South Carolina is only one very small part of the economy. South Carolina is not the center of the universe.Not sure where DanS is living, but around here, things aren't so good.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Really? That's interesting, since the US Government's own labor stats site indicates otherwise:
2001 Unemployment level = 4.7%, current unemployment rate = 5.2%. Now...admittedly, math isn't my strongest suit, but unless I'm mistaken, 5.2 IS still larger than 4.7...innit?
Also, per your own post, the deficit this year will *only* be about 350 billion (as opposed to last year's 400B). This seems to indicate that the deficit IS in fact still increasing, but not as fast as last year.
Or do I need to learn some of that new math to see the light?
And, while SC may not be the center of the universe (interesting sub-point to that tho, is that I never said it was), we DO have TV and newspapers here, and a connection to the outside world, and I'm just not seeing the rosy picture you are.
-=Vel=-Comment
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I am doing right fine. Best it has ever been for me.Originally posted by Velociryx
A good economy??
Not sure where DanS is living, but around here, things aren't so good.Gaius Mucius Scaevola Sinistra
Japher: "crap, did I just post in this thread?"
"Bloody hell, Lefty.....number one in my list of persons I have no intention of annoying, ever." Bugs ****ing Bunny
From a 6th grader who readily adpated to internet culture: "Pay attention now, because your opinions suck"Comment
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I agree. Neither math, politics, nor economics are your strong suits. There are more jobs, but also more potential workers. So the unemployment rate is slightly higher, even if more people are working now versus then.Really? That's interesting, since the US Government's own labor stats site indicates otherwise:
2001 Unemployment level = 4.7%, current unemployment rate = 5.2%. Now...admittedly, math isn't my strongest suit, but unless I'm mistaken, 5.2 IS still larger than 4.7...innit?
You are confusing debt and deficit, just like che did.Also, per your own post, the deficit this year will *only* be about 350 billion (as opposed to last year's 400B). This seems to indicate that the deficit IS in fact still increasing, but not as fast as last year.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Well, Vel,
I think he meant that you were IMPLYING that since things in your neck of the woods aren't as good as other places, than that MUST mean, overall, the economy is bad and that you think Dan doesn't know what he is talking about.
Also, when you say "you don't know where Dan S is living, but around here, things aren't so good", you are implying that the states of things where you are is the state of things everywhere.
Dan's observations of his neck of the woods are as valid as your observations where you are.
I can also say that where I am, our company is hiring left and right...we can't find enough people.
But, that of course doesn't mean it's that good everywhere.
I suspect it's always been that way regardless of who's in office.While there might be a physics engine that applies to the jugs, I doubt that an entire engine was written specifically for the funbags. - Cyclotron - debating the pressing issue of boobies in games.Comment
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DanS : More people are getting jobs and unemployment is low.
Clearly, in this quote, you break down the current population and the unemployment rate into two separate things (by mentioning them separately). I guess maybe English isn't my strong suit either, but usually when people talk about "unemployment" being high or low, they imply "unemployment rate" unless they specifically say otherwise (which, in this case, you did not).
Thus, yes, while 5.2% is relatively low, it is NOT lower than it was previous to the economic drubbing we took, so my point stands but it WAS a heckuva good try!
Second, even many economists refer to the "budgetary deficit" as simply "the deficit" while refering to the national trade account balance as the "balance of trade" or "trade deficit." Since you did not specify, I don't think it's a grevious error to have assumed the former, since that's the one that gets the most press time, however, yes...thanks to the weak dollar, the trade deficit IS shrinking...not that the weak dollar is good all around, but it is helping in that one area.
-=Vel=-Comment
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No, your point was a crock of crap. There are more people with jobs now versus then. End of story.Thus, yes, while 5.2% is relatively low, it is NOT lower than it was previous to the economic drubbing we took, so my point stands but it WAS a heckuva good try!
You still don't get it, even though the concept is rather simple. The deficit is a one-year figure. The debt is an accumulation of the deficits. The deficit is going down. The debt is going up.Second, even many economists refer to the "budgetary deficit" as simply "the deficit" while refering to the national trade account balance as the "balance of trade" or "trade deficit."I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Incorrect. My point was that the economy is not as rosy as you paint it to be.
People are coming back to work, yes...generally at lower wages than they had before they lost their jobs. Oh joy.
Further, we've got an array of underlying problems that don't spell economic strength, and in fact, hint at weakness.
I know...it's a Dem or Lib conspiracy to speak such utterances against THE BUSH, who obviously can do no wrong, but it's also, nonetheless, the truth.
-=Vel=-Comment
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I got a good job and I blame Bush!Long time member @ Apolyton
Civilization player since the dawn of timeComment
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