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"Uncooperative" Economy (The Point)
News Central (c/o Sinclair Broadcasting) ^ | Oct 31, 2004 | Mark Hyman

Posted on 11/01/2004 3:13:57 PM PST by Angry Republican

If you are a Presidential candidate and you want to bash the economy you should at least hope the economy cooperates and performs badly.

Yes, I know the news gatekeepers keep putting out stories that the economy is in the toilet, but their reports are skewed with factual errors and selective editing.

Here are the facts. Consumer Expenditure Survey data for the most recent year available 2002 shows that the typical American household consisting of 2.5 persons spent $40,677, a growth of 2.9.

Data for 2003 is not yet available, yet we know that 2003 outperformed 2002 in almost every category.

Columbia Business School Dean Glenn Hubbard reports that the growth rate of real average hourly earnings rose 2.9 during his first four years.

Hubbard also notes that the real gross domestic product grew by 4.8% in the past 12 months, which is better than any of the eight years Clinton was in office.

While the monthly payroll survey of old economy jobs has been disappointing, the more accurate household survey which includes old and new economy jobs has registered impressive gains, underscoring the current unemployment rate which is better than 19 of the previous 25 years.

Of course, there's always room for improvement in the economy's performance. The impressive growth in productivity and GDP, as well as sensible tax relief for one million small businesses, suggest that increased job production is right around the corner. Then imagine just how fast the economy will grow.

And that's the Point.

I'm Mark Hyman.


TOPICS: Business/Economy; Editorial; Politics/Elections
KEYWORDS: bush; economy; kerry; lies
So the economy really isn't as bad as sKerry and the Democrats claim.

BTW, for more sources that prove this, go to factcheck.org's website.

1 posted on 11/01/2004 3:13:58 PM PST by Angry Republican
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To: Angry Republican

Bingo!

Facts are facts, and Democrat propaganda is just that.


2 posted on 11/01/2004 3:16:01 PM PST by roaddog727 (The marginal propensity to save is 1 minus the marginal propensity to consume.)
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To: Angry Republican

This is one of the biggest failures of Karl Rove & Co. in my opinion - the fact that they let this idea that the economy is "bad" gain momentum in people's minds. The unemployment rate is at 5.4% for heavens sakes !! That is historically pretty good and considering all the things the country has been through, almost miraculous. Instead, Kerry was allowed to sell the lie that the economy is tanking, bla bla bla... It's ridiculous.


3 posted on 11/01/2004 3:19:36 PM PST by Trippin
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To: Angry Republican; SierraWasp; wardaddy; Liz; Southack; Ernest_at_the_Beach; PhilDragoo; Wolfstar; ..
Thanks! Before the Gloomers and Doomer Trolls appear to whine and lie, the points below are great:

"Yes, I know the news gatekeepers keep putting out stories that the economy is in the toilet, but their reports are skewed with factual errors and selective editing.

"Here are the facts. Consumer Expenditure Survey data for the most recent year available 2002 shows that the typical American household consisting of 2.5 persons spent $40,677, a growth of 2.9.

"Data for 2003 is not yet available, yet we know that 2003 outperformed 2002 in almost every category.

"Columbia Business School Dean Glenn Hubbard reports that the growth rate of real average hourly earnings rose 2.9 during his first four years.

"Hubbard also notes that the real gross domestic product grew by 4.8% in the past 12 months, which is better than any of the eight years Clinton was in office.

"While the monthly payroll survey of old economy jobs has been disappointing, the more accurate household survey which includes old and new economy jobs has registered impressive gains, underscoring the current unemployment rate which is better than 19 of the previous 25 years.

4 posted on 11/01/2004 3:23:00 PM PST by Grampa Dave (When will ABCNNBCBS & the MSM fishwraps stop Rathering to America? Answer: NEVER!)
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To: Angry Republican
While the monthly payroll survey of old economy jobs has been disappointing, the more accurate household survey which includes old and new economy jobs has registered impressive gains,

Actually, the Establishment data is statisticly more accurate than the Household Survey because it ecompasses a much larger sample size.

5 posted on 11/01/2004 3:28:11 PM PST by Willie Green (Hawkins/Tonnelson in 2004!!!)
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To: Grampa Dave

I watched the brilliant and brave VP of Sinclair Broadcasting give this power editorial last night on my TV!!! I Cheered!!!


6 posted on 11/01/2004 3:34:33 PM PST by SierraWasp (LONG LIVE "WINNER TAKE ALL!!!" Down with "Cows Don't Vote!!!" Stop "Rural Cleansing!!!")
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To: SierraWasp

It looks like the $oreA$$ whiners, , doom and gloomer moaners and dopers are being shut down by reality.


7 posted on 11/01/2004 3:44:25 PM PST by Grampa Dave (When will ABCNNBCBS & the MSM fishwraps stop Rathering to America? Answer: NEVER!)
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To: Grampa Dave

Facts,for REAL facts,are impossible to refute.Just keep on posting them!


8 posted on 11/01/2004 4:22:20 PM PST by nopardons
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To: Grampa Dave
doom and gloomer moaners and dopers are being shut down by reality.

I just hope the sad-sacks don't give Bin laden a boost by not voting for Bush.

9 posted on 11/01/2004 4:30:29 PM PST by expat_panama
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To: expat_panama

The whining sad sacks have never been for President Bush.

They lie about being conservatives while wanting a fascist economy to protect jobs that aren't needed any more.

They don't have the decency and patriotism to vote for President Bush, and they never did.


10 posted on 11/01/2004 5:47:46 PM PST by Grampa Dave (When will ABCNNBCBS & the MSM fishwraps stop Rathering to America? Answer: NEVER!)
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