Trickle down....

Dont fret, the economy is "turning the corner", the same corner we've been turning for about 4 years now. Oh and those 6 million jobs from the tax cuts, Im sure those must be on the way.

Well, from the way things look here in the DFW, I believe I can attest that alot of those 6 million jobs are being created.....in India, Poland and Uruguay, where the company that I have worked for for over 20 years has outsourced them. In the last 2 years, about 20 percent of the workforce in our company has been sent to India or Poland. Another 100 were sent to Uruguay this month. All a part of Bush's economic plans to help the middle American taxpayer!

Yes, "turning the corner"...didn't MonkeyBoy say that phrase about 20 times this past weekend?

Mission accomplishedered

Must be time for another tax cut for the billionaires. :mad:

No. That'll happen AFTER the election, if the chimp gets back in.

Then they'll eliminate the IRS, whhich will benefit the rich the best.

And before you say anything, the latest that I read was that if the IRS is replaced with a VAT of 23%, that there will be no VAT on business to business transactions.

And WHO ( or is is whom) will that benefit?

And a lot of wealthy people are incorporated for tax reasons.

The poor will be exempt, and rightfully so.

So WHO will get the burden? The middle class.

Oh, and when they run out of money, what will be the first to go?

The same things that the GOP have wanted to eliminate for years.

Social Security and Medicare.

And it's the 1930's all over again for the average American.

This might seem far fetched, but think about it.,

Believe me when I say I think about it daily. And they are not good thoughts.

MonkeyBoy: Dick, we better think up some more scare tactics, QUICK!
91 days until OUR regime change! Thirteen more weeks!

[ August 03, 2004, 05:15 PM: Message edited by: bobby78751 ]

Actually if you yahoo-hoo's would quit posting "chimp and monkey" and actually read anything about this... you would know that it's not a big deal. Especially since the july numbers were back to normal.

I suggest, maybe reading a little. Perhaps understanding what you are reading... economics 101 is offered at the local community college ya know...

Inflation is stable (even with the higher gas prices).

Jobs remain constant.

Little Filly, tell me when you get back in touch with reality...geez, I guess we could all use whatever reality-altering drug you are taking.

[ August 04, 2004, 05:42 AM: Message edited by: bobby78751 ]

Jobs remain stable?

That's AFTER the 2.8 million jobs were lost.

less than 1 million created, and those that were, pay an average of $9,000 LESS than the ones that were lost.

And jobs were stable AFTER having a job at McDonalds or Burger King making hamburgers were "re-classified" as manufacturing jobs.

When large corporations are STILL outsourcing good paying IT/IS jobs to third world countries to boost their profits.

When the GOP wants to cut taxes in the energy sector, at a time when they have record profits.

Inflation is stable even with the rise in gas prices.

Take out the rise in gas prices, and what do you have?

DEFLATION. Now if you don't know what deflation is, I suggest that YOU take an economics 101 course, as deflation is a HELL of a lot more dangerous to the economy.

And July had the largest single drop in domestic spending since 9/11.

Over 250,000 people drop off the unemployment insurance rolls every month, as they can't find jobs.

That means houses go up for sale at bargain prices.

Oh wait. That means you could make a buck at the expense of someone who is hurting. So in your world that would be a good thing.

[ August 04, 2004, 09:49 AM: Message edited by: Lksimcoe ]

Are you still teaching that Trickle Down 101 class at Northern Arizona Community College?

Yeah, jobs are constant alright, constantly moving to India.

By the way, how does your candidate feel about these numbers?

Just thought I would add my 3-cents worth as well (used to be 2-cents worth, but I gotta afford gas for my car)....

Jobs remain constant.

You have to take into consideration that for the employment market, "constant" is very, very bad. The population of the United States grows by about 2.8 million a year. That's about 1.4 million new people entering the job force. So the economy has to grow by about 115,000 jobs a month, JUST TO KEEP UP with natural growth. So if the Bush-Cheney administration says "look the economy is getting better, we've added a million new jobs this year" Then in actual results, 400,000 more people are out of work! The only reason the millions put out of work in the past 4 years don't show up in the unemployment rate is because they've already used up their 6 months of benefits and are no longer included in the stats. Overall, the economic grade for the current president is D-.

[ August 04, 2004, 09:28 AM: Message edited by: HotlantaTarheel ]

DEFLATION???? Please show me where you are seeing that, when the fed bumped rates, it was because of the worry of INFLATION bozo. I've seen nothing written about deflation in well over a year.

Jobs moving offshore, you mean like Kerry's campaign momma who made 500 million from a company who is specifically sending those jobs away? If you say that W is so closely tied with Haliburton... well then Kerry is the poster boy of sending jobs away. Moving of jobs is a natural progression. Look at all of the sewing jobs that went to those god forsaken 3rd world countries like mexico. All those hicks in WV found other jobs.. or learned new skills.

However, many of the jobs that go to india are more of the "answer the phone" type of jobs. Not all, but a majority. Those pay what, 20k a year or so? Since you seem to know so much about the subject, i wonder if you might provide some sort of back up on this?

As for your housing debackle. I have no idea what you are thinking. The housing market has been STRONG. IE housing costs would naturally go up.

John Edwards among them. In 1995 Senator Edwards formed a subchapter S entity as the sole shareholder, paying himself an annual salary of $360,000, taking the remainder of his $29 million in earnings as corporate dividends, thereby lowering his Medicare tax liability and avoiding nearly $600,000 in taxes. All \"perfectly legal,\" if not entirely consistent with his message.

Gee, and I thought that only the Republicans were trading in fear for political benefit?

Honestly, the lack of courage to deal with Social Security reform is a badge of shame worn by members of both parties in equal numbers. I have no confidence that either program will exist when I retire -- I'm grateful that I have to opportunity to save accordingly now, while still cognizant that many are not able to do so. However, at some point we will have to come face to face with the fact that we may not be able to meet these obligations.

For those people who have seen their pensions disappear (Bethlehem Steel comes to mind -- United Airlines is on the verge), this is a serious systemic problem. The ability of the Pension Benefit Guaranty Corp to handle this will make the S&L bailout look like a day at the beach.

Senator Kerry has been in Congress for 20 years -- has he addressed these problems? If he has made serious proposals, introduced legislation, shown leadership in the area, etc, I'm very interested in learning more.

[ August 04, 2004, 08:44 PM: Message edited by: PennState4Ever ]

He's Canadian. All citizens of that country are guaranteed said benefits, I believe.

I think you're correct -- just one of the many ways in which Canada and the United States differ, particularly in regard to these kind of social issues.

You're right. We are GUARANTEED those benefits.

And our Old age pension, pensionne supplementaire, Canada Pension Plan, Quebec Pension Plan are all running surplusses right now, that are invested, and are kept out of the general revenue stream of the government.

And our unemployement insurance program has a surplus of 16 Billion (equivilant o f120 BILLION US dollars).

And we are paying down, yes DOWN, the national debt, at a rate of about 20 Billion dollars a year, (US equivilent 150 Billion US dollars).

Our big challenge? To keep medicare funded at 100% free for Canadians.

But gee. We're a "loser" country cuz were not 'Murcan, right PF?

Lksimcoe, do you mean $160 million Canadian = $120 million US? Just wondering.

Nope. I meant that given the size of the economies, (the US economy is about 10 times the size of the Canadian Economy, 16 billion Cdn would equal 160 billion cdn. Then convert at a rate of 75%, (the Cdn dollar is currently trading at about .75 USD) and the 160 billion canadian translates to 120 billion USD.

Hope that makes sense, sometimes my brain goes faster than my fingers.

Oops, I meant to type "billion," not "million." But yes, that's what I was asking. Thanks!

LK, you don't have to apologize to anyone. I know that Shrub could learn many lessons from how succesful Canada is dealing with her budget.

Interesting that I was just coming home from a visit to my (ill) Mothers house just now. I was listening to a radio show called "Clark Howard", I think is his name, but don't quote me. He was talking about American's sad state of credit card debt. He said for this year, 2004 Americans total credit card debt will be about $800 billion dollars!!! That just blew me away. But, doesn't our current administration's budget set such a wonderful example?????? frown