Shhhhh. Don't tell anyone :
Posted on 10/21/2006 8:33:13 PM PDT by Iam1ru1-2
Here are a few of the many reasons to be optimistic about the economy: The Bureau of Labor Statistics (BLS) has issued its annual revision of employment statistics, adding 810,000 more jobs to the previous total. The latest numbers show 2.54 million new jobs in the last 12 months, and 5.5 million in the last 24. Unemployment is at 4.7 percent. The Dow Jones has now topped 12,000 and is up 51 percent since the tax cuts in 2003, while the S&P 500 is up 63 percent and the NASDAQ is up 80 percent. The U.S. economy has grown at a 3.7 percent annual average rate in the same period. Despite vastly increased federal spending (spending is $907 billion higher than it was in 2000), the federal budget deficit is down to $248 billion in FY2006 due to increased tax revenue.
Incredibly, however, watching the nightly newscasts, one gets the impression that the economy is in the tank. High gas prices and a slowing housing market equal a lousy economy to the Leftmedia talkingheads. Facts just get in the way: Gas prices, adjusted for inflation, never did reach 1981 levels and the housing market is just readjusting after two years of incredible boom. Yet, for example, according to the Business and Media Institute, between 1 August 2005 and 31 July 2006, over 80 percent of the full-length stories on the "CBS Evening News" conveyed a negative view of the economy.
In their defense, the MSM probably thinks the economy is doing poorly because their employers are laying people off every time they turn around. If your pension fund is tied up in a DinoMedia company, you'd be sweating bullets, too.
It's despicable..and scary how the media can control what gets into the public airwaves. It's abhorrent how they manipulate and lie so blatantly.
Yes, they are losing ground to other upstart media outlets but they still wield a great deal of power.
Everyone should demand that their stock portfolios be divested of any inkling of media stock! We need to keep up our calls and emails to their offices exposing their lies.
Pinch is destroying his grandfather's company.
He can fool other liberals, but their falling paid circulation numbers do not fool the stock market.
a drive around SenecaLake shows at least every third house is putting on a new roof, new siding, new porch, new windows, new deck, new addition, new garage new SOMETHING... and the cars that are real junk are fewer and farther in between. and most of those that aren't, look to have recently done so in the past year or three.
" The good news was that job gains for both July and August turned out to bigger than previously estimated, taking some of the bite out of September's figures.
The report also showed that job growth during the 12 months ending in March may have been 45 percent higher than previously reported.
The Labor Department said payrolls for the 12 months that ended in March 2006 will be revised upwards by a whopping 810,000 jobs, the biggest revision since 1991. "
bump
The GOP needs to crow about this in ads.
They need to show graphs like this and positive Reaganesque ads about the ecomomy. These are golden numbers.
Hey hasn't GW created the biggest debt bubble? That we depend on the red chinese to buy our debt. The average family of 4 is running credit card debt of about 8 grand. We have a negative savings rate. What our you people smoking anyway?
They are excellent numbers.
The tax rate cuts do and did work.
The GOP needs to release this stuff 24-7.
So we got 810,000 illegals
The latest numbers show 2.54 million new jobs in the last 12 months, and 5.5 million in the last 24.
Yeah, more illegals and jobs with falling wage rate because of illegal immigrant pressure.
Unemployment is at 4.7 percent.
Can’t afford to loaf anymore, what’s so great now.
The Dow Jones has now topped 12,000 and is up 51 percent since the tax cuts in 2003,
Look at the charts again dummy. It’s up only 13 percent from four years ago in 2002.
The U.S. economy has grown at a 3.7 percent annual average rate in the same period.
Big deal. The Chinese economy grows three times that rate.
Despite vastly increased federal spending (spending is $907 billion higher than it was in 2000)
Spending is up is something to brag about?
the federal budget deficit is down to $248 billion in FY2006 due to increased tax revenue.
Great. With a deficit, we are still spending faster than we collect.
This is the dumbest good news I’ve heard in a long time.
The national debt is coming down fast.
Well of course. Elections you know.
Scare tactics...the housing bubble didn't burst - more like a dribble - and the economy is still going gangbusters. An incredible economic machine.
I will agree with you on one thing regarding the debt: we need to privatize more federal programs..none related to security but others like Social Security and Education - they need to be privatized. Pork must be limited as well. No congresscritter should get more than a certain amount to spend in his/her district.
Whomever coined the phase that the GOP is THE STUPID PARTY, called it right. We are going to lose the whole ball of wax in November if you guys don't get on every talk show and get out ads that drive home how good the economy is and how low unemployment is. Rangle was on FOX a couple of weeks ago and was asked about how great the economy was. He, being a true Democrat and wise to the ways of spinning, left the show with all listeners thinking that we were in the middle of the Great Depression. Remember clinton's theme that got him elected?.... "IT'S THE ECONOMY, STUPID !" Now, it IS the economy, but it's GREAT, and you guys don't have a clue about how to make it work for you/us. Look what the Dow did yesterday.......broke 12,000 and the only person talking about it is Neil Caputo. The Dem's aren't going to bring up the economy, so the GOP better. And, fast. Ads should be on every station hammering it home. As for me, I've already conceeded that the Dem's will take both Houses next month, and the GOP will not regain control for 20 or 30 years. Yep, we ARE the Stupid Party.
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