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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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 Posted: Thu Aug 28, 2008 2:12 pm Post subject: U.S. Economy Grew Faster Than Estimated in Second Quarter |
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because of exports.
thanks to a lower dollar.
a lower dollar will do something about the trade deficit and outsourcing.
No protectionism necessary.
| Quote: |
U.S. Economy: GDP Exceeds Initial Estimate on Exports (Update2)
By Courtney Schlisserman and Timothy R. Homan
Aug. 28 (Bloomberg) -- The U.S. economy expanded faster than previously estimated in the second quarter, helped by a surge in exports that will probably wane as Europe and Japan head toward recessions.
Gross domestic product increased at a 3.3 percent annual pace, compared with the initial estimate of 1.9 percent, the Commerce Department said today in Washington. Trade contributed the most to U.S. growth in almost three decades. |
http://www.bloomberg.com/apps/news?pid=20601087&sid=aMuMosauQxa4&refer=home |
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Kuros
Joined: 27 Apr 2004
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| Posted: Thu Aug 28, 2008 2:32 pm Post subject: |
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Since mises played skeptic in the other thread, I'll save him the trouble of that role here.
Rising inflation may distort export growth figures
| Goldman Sachs' Jan Hatzius wrote: |
| Durable goods orders beat expectations with a 1.3% month-on-month increase in July. But the apparent strength is due to higher prices, not stronger activity. In fact, deflating orders by the producer price index for durable manufactured goods shows a 9.4% year-on-year drop in real orders, the worst since early 2002. |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Thu Aug 28, 2008 3:08 pm Post subject: |
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| With a sound fiscal policy the dollar wouldn't be a plaything for an irresponsible government to hide it's failures behind. Running up the debt, what is it...$4 TRILLION? in 8 years is irresponsible. |
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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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| Posted: Thu Aug 28, 2008 3:31 pm Post subject: |
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| Ya-ta Boy wrote: |
| With a sound fiscal policy the dollar wouldn't be a plaything for an irresponsible government to hide it's failures behind. Running up the debt, what is it...$4 TRILLION? in 8 years is irresponsible. |
With all due respect I think it would be good to examine the reasons for US budget deficits.
The stock market meltdown.
The 2000 recession (started before Bush was president)
High oil due to more demand from China and India , and the fact that there is just less easy to get oil.
9-11 attacks (which were being planned before Bush was president. )
Not Bush's fault. |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Thu Aug 28, 2008 3:56 pm Post subject: |
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How does:
a) Promoting an irrational fear of Commies and Moslems to justify inflated defense spending for unnecessary wars,
b) Refusing to respect the public's desire for social programs while
c) Cutting taxes
help your argument? |
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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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| Posted: Thu Aug 28, 2008 4:11 pm Post subject: |
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| Ya-ta Boy wrote: |
How does:
a) Promoting an irrational fear of Commies and Moslems to justify inflated defense spending for unnecessary wars,
b) Refusing to respect the public's desire for social programs while
c) Cutting taxes
help your argument? |
1.
Bush isn't anti muslim.
2.
He doesn't promote an irrational fear of muslims.
3.
The Soviet Union was out to destroy the US.
The additional pressure of Reagans defense spending along with falling oil prices helped break the Soviet Union.
4.
It is not a matter of religion the fact is Al Qaediists , Khomeni supporters and Bathsits are all fascist bigots . Just like the Klan are fascists bigots.
What they demand is illegitimate. They need to be known for what they are.
5.
Bush was wrong they don't fight because they hate our freedoms but it is also true they don't fight cause they hate US policy. The fight to conquer the mideast and in Al Qaeda's case well beyond that.
The anti war movement doesn't know why Al Qaedia fights and the record needs to be set straight.
It is important that everyone knows why the enemies of the US fight.
6.
9-11 happened because the US allowed stuff to go on in the mideast for a long time.
7.
70,000 trained in Al Qaeda camps during the 1990's . Why do you think that was ? and if Al Qaeda is just about Afghanistan then please tell me is Bin Laden from Afghanistan? How about the 9-11 hijackers were any of them from Afghanistan? Or Pakistan for that matter?
8.
I didn't support Bush's tax cuts but tax cuts are good for the economy. I don't think there are many who would say it is not so. |
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mindmetoo
Joined: 02 Feb 2004
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| Posted: Thu Aug 28, 2008 4:42 pm Post subject: |
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| Outsourcing is a good thing. Don't knock it. It means a company can offer a product for less and/or earn a higher profit. Most people would not be friendly to a car company that adds $1000 of unnecessary nickel because it keeps miners in North America employed. By the same token, we should not pay extra for our toaster because GE wants to keep call room people in Maine employed. |
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Join Me
Joined: 14 Jan 2008
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| Posted: Thu Aug 28, 2008 4:52 pm Post subject: |
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| Joo Rip Gwa Rhhee wrote: |
| Ya-ta Boy wrote: |
| With a sound fiscal policy the dollar wouldn't be a plaything for an irresponsible government to hide it's failures behind. Running up the debt, what is it...$4 TRILLION? in 8 years is irresponsible. |
With all due respect I think it would be good to examine the reasons for US budget deficits.
The stock market meltdown.
The 2000 recession (started before Bush was president)
High oil due to more demand from China and India , and the fact that there is just less easy to get oil.
9-11 attacks (which were being planned before Bush was president. )
Not Bush's fault. |
Bush has had EIGHT years to do something...anything... with the economy. Just how much time does the man need? Being the President of the USA has never been an easy job and there will always be difficult obstacles to overcome (that is...the list of excuses you made for Bush above). The difference between a loser and a leader is a leader finds a way to get the job done. I think the score card clearly indicates Bush is not a leader.  |
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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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| Posted: Thu Aug 28, 2008 5:38 pm Post subject: |
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| mindmetoo wrote: |
| Outsourcing is a good thing. Don't knock it. It means a company can offer a product for less and/or earn a higher profit. Most people would not be friendly to a car company that adds $1000 of unnecessary nickel because it keeps miners in North America employed. By the same token, we should not pay extra for our toaster because GE wants to keep call room people in Maine employed. |
you might be correct. |
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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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| Posted: Thu Aug 28, 2008 5:46 pm Post subject: |
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| Join Me wrote: |
| Joo Rip Gwa Rhhee wrote: |
| Ya-ta Boy wrote: |
| With a sound fiscal policy the dollar wouldn't be a plaything for an irresponsible government to hide it's failures behind. Running up the debt, what is it...$4 TRILLION? in 8 years is irresponsible. |
With all due respect I think it would be good to examine the reasons for US budget deficits.
The stock market meltdown.
The 2000 recession (started before Bush was president)
High oil due to more demand from China and India , and the fact that there is just less easy to get oil.
9-11 attacks (which were being planned before Bush was president. )
Not Bush's fault. |
Bush has had EIGHT years to do something...anything... with the economy. Just how much time does the man need? Being the President of the USA has never been an easy job and there will always be difficult obstacles to overcome (that is...the list of excuses you made for Bush above). The difference between a loser and a leader is a leader finds a way to get the job done. I think the score card clearly indicates Bush is not a leader. |
maybe you are right , nevertheless Bush has had more bad luck than Bill Clinton ever did.
9-11 wasn't the average obstacle to overcome. |
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Join Me
Joined: 14 Jan 2008
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| Posted: Fri Aug 29, 2008 3:49 am Post subject: |
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| Joo Rip Gwa Rhhee wrote: |
| Join Me wrote: |
| Joo Rip Gwa Rhhee wrote: |
| Ya-ta Boy wrote: |
| With a sound fiscal policy the dollar wouldn't be a plaything for an irresponsible government to hide it's failures behind. Running up the debt, what is it...$4 TRILLION? in 8 years is irresponsible. |
With all due respect I think it would be good to examine the reasons for US budget deficits.
The stock market meltdown.
The 2000 recession (started before Bush was president)
High oil due to more demand from China and India , and the fact that there is just less easy to get oil.
9-11 attacks (which were being planned before Bush was president. )
Not Bush's fault. |
Bush has had EIGHT years to do something...anything... with the economy. Just how much time does the man need? Being the President of the USA has never been an easy job and there will always be difficult obstacles to overcome (that is...the list of excuses you made for Bush above). The difference between a loser and a leader is a leader finds a way to get the job done. I think the score card clearly indicates Bush is not a leader. |
maybe you are right , nevertheless Bush has had more bad luck than Bill Clinton ever did.
9-11 wasn't the average obstacle to overcome. |
Neither were Monica and Hillary. I would say Bush got lucky when he got dealt 9-11...he just forgot that people tend to get real bitter when you neglect the economy and they have to sell their SUVs and homes in order to eat. |
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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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| Posted: Fri Aug 29, 2008 4:16 am Post subject: |
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| Neither were Monica and Hillary. I would say Bush got lucky when he got dealt 9-11...he just forgot that people tend to get real bitter when you neglect the economy and they have to sell their SUVs and homes in order to eat. |
Monica and Hillary isn't in any way comparable with 9-11. and for that matter that was Bill Clinton's problem Clinton brought that on himself. Unlike that whole mess Bush didn't bring 9-11 on the US.
and for those who say it happened on his watch ok fair enough but then be sure to acknowledge that 9-11 was being planned while Bill Clinton was in the Whitehouse.
I still think Bill Clinton was a good president but he was also a lucky president.
9-11 was good luck? A trillion dollars of damage or more to the US economy is good luck? |
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Join Me
Joined: 14 Jan 2008
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| Posted: Fri Aug 29, 2008 5:12 am Post subject: |
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| Joo Rip Gwa Rhhee wrote: |
| Quote: |
| Neither were Monica and Hillary. I would say Bush got lucky when he got dealt 9-11...he just forgot that people tend to get real bitter when you neglect the economy and they have to sell their SUVs and homes in order to eat. |
Monica and Hillary isn't in any way comparable with 9-11. and for that matter that was Bill Clinton's problem Clinton brought that on himself. Unlike that whole mess Bush didn't bring 9-11 on the US.
and for those who say it happened on his watch ok fair enough but then be sure to acknowledge that 9-11 was being planned while Bill Clinton was in the Whitehouse.
I still think Bill Clinton was a good president but he was also a lucky president.
9-11 was good luck? A trillion dollars of damage or more to the US economy is good luck? |
Without fear and his self created "War on Terrorism" Bush wouldn't have a single thing going for him...and now that the truth is out about Iraq Bush doesn't even have that life preserver to cling to.
Speaking of damage to the economy. The cost of the Iraq war is expected to cost trillions (that is trillion with an S). More importantly it has already cost 4,000 Americans their lives. How many more will pay for George's poor judgment with their lives?
http://www.washingtonpost.com/wp-dyn/content/article/2008/03/07/AR2008030702846.html
http://money.cnn.com/2008/01/10/news/economy/costofwar.fortune/index.htm |
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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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| Posted: Fri Aug 29, 2008 5:49 am Post subject: |
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| Join Me wrote: |
| Joo Rip Gwa Rhhee wrote: |
| Quote: |
| Neither were Monica and Hillary. I would say Bush got lucky when he got dealt 9-11...he just forgot that people tend to get real bitter when you neglect the economy and they have to sell their SUVs and homes in order to eat. |
Monica and Hillary isn't in any way comparable with 9-11. and for that matter that was Bill Clinton's problem Clinton brought that on himself. Unlike that whole mess Bush didn't bring 9-11 on the US.
and for those who say it happened on his watch ok fair enough but then be sure to acknowledge that 9-11 was being planned while Bill Clinton was in the Whitehouse.
I still think Bill Clinton was a good president but he was also a lucky president.
9-11 was good luck? A trillion dollars of damage or more to the US economy is good luck? |
Without fear and his self created "War on Terrorism" Bush wouldn't have a single thing going for him...and now that the truth is out about Iraq Bush doesn't even have that life preserver to cling to.
Speaking of damage to the economy. The cost of the Iraq war is expected to cost trillions (that is trillion with an S). More importantly it has already cost 4,000 Americans their lives. How many more will pay for George's poor judgment with their lives?
http://www.washingtonpost.com/wp-dyn/content/article/2008/03/07/AR2008030702846.html
http://money.cnn.com/2008/01/10/news/economy/costofwar.fortune/index.htm |
nevertheless the 9-11 attacks were a terrible blow to the US economy.
and Iraq war or no Iraq war Bathists , Al Qaedists and the Khomeni followers decided to go after the US along time ago.
Something needed to be done about them.
9-11 happened cause mideast regimes and elites encourage terror.
Doing nothing about it led to 9-11.
9-11 was the price the US paid for doing nothing.
and the US will be hit again like 9-11 unless something is done about Bathists , Al Qaedists and the Khomeni followers.
Doing nothing about the enemy doesn't mean the enemy is going to do nothing. |
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blade
Joined: 30 Jun 2007
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| Posted: Fri Aug 29, 2008 7:48 pm Post subject: |
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| Joo Rip Gwa Rhhee wrote: |
nevertheless the 9-11 attacks were a terrible blow to the US economy.
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The way I remember it was that the Enron scandal had a greater effect on the stock market than 9-11 did. Am I wrong? |
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