Keyword: busheconomy

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  • Obama’s Mantra (Blame Bush for problems he is directly responsible for)

    08/15/2012 7:27:35 AM PDT · by SeekAndFind · 3 replies
    National Review ^ | 08/15/2012 | Michael Novak
    The central mantra of President Obama’s campaign is false. That mantra is: “The Republicans tried their plan for the economy and it failed. I tried a new plan and it worked.” As I pointed out on National Review Online yesterday, the facts are otherwise. Closing out his fourth year in office, President Obama has an 8.3 percent unemployment rate. He also boasts the lowest rate of participation in the labor force in 30 years (63.7 percent). More Americans are out of work than at any time in the preceding 30 years. There are 7 million more persons in poverty than...
  • Flashback: Economic Jitters an Albatross for Bush (4.6% unemployment)

    03/25/2012 7:17:12 AM PDT · by nhwingut · 9 replies · 3+ views
    LA Times ^ | 06/29/06 | Doyle McManus
    WASHINGTON — All year long, in speeches and briefings and visits to factories and shops, President Bush and his aides have tried to convince Americans that the economy is in good shape -- and that the president deserves some credit for that. That effort is not making much headway, a Los Angeles Times/Bloomberg poll has found. Americans are closely divided on whether the economy is in good shape, with 50% saying it is doing well and 47% saying it is doing badly, the poll found. In January, when Bush launched his campaign to spread good news, the national mood was...
  • The Bush Economy

    01/17/2009 7:11:11 AM PST · by drellberg · 63 replies · 836+ views
    Wall Street Journal ^ | JANUARY 17, 2009 | Editorial
    "... to win over Senate Democrats, Mr. Bush both phased in the tax rate reductions and settled for politically popular but economically feckless tax rebate checks." "...Mr. Bush's spending record is less admirable, especially during his first term. He indulged the majority Republicans on Capitol Hill, refusing to veto overspending ..."
  • Stephanopoulos: Obama Caused Stock Rally and Black Friday Sales

    If you had any questions about how differently the economy will be covered with Barack Obama in the White House they were answered by George Stephanopoulos on Sunday when he credited the president-elect with causing the recent stock market rally as well as better than expected sales the day after Thanksgiving.
  • 2002-08: 60% Growth in World Per-Capita Real GDP

    In his book "The Progress Paradox: How Life Gets Better While People Feel Worse," Gregg Easterbrook, senior editor at the New Republic and contributing editor to The Atlantic, castigates the media for dwelling on minor problems without celebrating the broader, more upbeat context in which they exist. One of the broader, more upbeat events of recent years is the significant and dramatic increase in real GDP per-capita worldwide. Using world GDP data from the IMF and world population data from the U.S. Census Bureau, the chart above shows real world GDP per-capita from 1985 to 2013 (data from 2008 -...
  • George W. Hoover? -William Kristol

    11/16/2008 10:16:25 PM PST · by · 38 replies · 1,724+ views
    NY Times ^ | 11-17-08 | Bill Kristol
    Last week, assembled at Miami’s InterContinental Hotel for a meeting of the Republican Governors Association, the governors seemed cheerful. The G.O.P. had lost only one statehouse on Election Day. The prospects for a Republican pickup in Virginia in 2009 were decent, and good candidates were plotting runs in states like California, Pennsylvania and Ohio in 2010. There was even a sense of liberation in the air. For the last 14 years, there has been either a Republican Congress or a Republican White House, or sometimes both. Now the Republican governors are free of those heavy taps on the shoulder from...
  • Did The Bush Tax Cuts Favor The Wealthy

    10/26/2008 10:18:22 AM PDT · by pleikumud · 33 replies · 1,319+ views
    DALLAS (January 21, 2008) – As Congress debates whether to renew tax cuts enacted early in the George W. Bush presidency, as well as various economic stimulus plans, critics often label the measures as "tax cuts for the rich." Yet a new report from the National Center for Policy Analysis (NCPA) says the Bush tax cuts made the tax code more progressive, no matter how progressivity is measured. In fact, the report concludes that every major tax change (Republican or Democrat) over the past two decades has increased the share of taxes paid by the wealthiest Americans. The top 1...
  • DOW Down 500+

    10/22/2008 12:38:35 PM PDT · by tatown · 53 replies · 1,826+ views
    tatown | 10/22 | tatown
    DOW currently down 561 points.
  • Dow sees biggest runup ever (Up 950 Points, or 11%)

    10/13/2008 1:04:53 PM PDT · by NYC Republican · 36 replies · 762+ views
    CNNFN ^ | 10/13/08 | Alexandra Twin
    Stocks rallied Monday afternoon, with the Dow up over 800 points during the session, as investors bet that the worst of the credit crisis is over, following a series of global initiatives announced over the last few days. The Dow Jones industrial average (INDU) gained as much as 814 points and over 9% before pulling back a bit. The advance was the largest ever during a session on a point basis.
  • President Bush to Address Nation

    10/10/2008 2:41:48 AM PDT · by DoughtyOne · 220 replies · 7,366+ views
    Bloomberg Television | 10/10/08 | Bloomberg Televison Staff
    <p>Bloomberg television states Bush to address the public later this morning.</p> <p>Bloomberg states: “Bush to assure the American Public he’s going to do all he can.” Now there a confidence building snippet.</p>
  • Bush’s dog days are his enemies’ glee

    10/09/2008 3:29:27 AM PDT · by markomalley · 3 replies · 428+ views
    Taipei TImes ^ | 10/9/2008 | Simon Tisdell
    US administrations typically suffer temporary loss of international influence as their time in office draws to a close. But rarely has Washington’s global prestige and leverage fallen so low as in the dog days of US President George W. Bush’s eight-year reign. This debilitation is a source of concern for the US’ friends — and a dangerous opportunity for its enemies, who hope such weakness can be both exploited and made permanent. The US-triggered economic crisis has reinforced hostile perceptions of US vulnerability. Iranian President Mahmoud Ahmadinejad gleefully invited Iranians to listen to the sound of global power crashing to...
  • Palin: US could face another Great Depression

    09/24/2008 4:27:10 PM PDT · by EBH · 49 replies · 2,385+ views
    AP ^ | 09/24/2008 | By SARA KUGLER
    "I'm ill about the position that America is in and that we have to look at a $700 billion bailout. At the same time we know that inaction is not an option and as Senator McCain has said unless this nearly trillion-dollar bailout is what it may end up to be, unless there are amendments in Paulson's proposal, really I don't believe that Americans are going to support this and we will not support this," Palin said in the interview. Couric pressed Palin on examples of how McCain, a 26-year congressional veteran, had led the charge for more oversight. The...
  • Bush says he's working hard on economic turmoil (late night 40 min leadership meeting at WH)

    Eager to show that he feels people's pain, President Bush told the country Thursday his administration is working feverishly to calm turmoil in the financial markets. With reports swirling of possibly imminent new government action, the president met with his treasury secretary and the head of the Federal Reserve. Nothing was announced immediately after the 40-minute meeting at the White House, which included Securities and Exchange Commission Chairman Christopher Cox, along with Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke. White House spokesman Tony Fratto would not comment on whether any decisions were made at the session, or whether...
  • Dow Closes Down 504.48

    09/15/2008 1:16:57 PM PDT · by illiac · 353 replies · 1,311+ views
    Google Finance ^ | Google Finance
    Bad day for Wall Street
  • Consumer mood hits 8-month high in September: survey

    09/12/2008 8:41:18 AM PDT · by sf4dubya · 11 replies · 123+ views
    Reuters via Yahoo ^ | Friday September 12, 10:30 am ET | Steven C. Johnson
    NEW YORK (Reuters) - Consumer confidence soared unexpectedly to an eight-month high in September as lower fuel prices soothed inflation fears and made Americans more hopeful about the economy, a survey showed on Friday. The Reuters/University of Michigan Surveys of Consumers said its preliminary index of confidence jumped to 73.1 in September, the highest since January, from 63.0 in August, for the biggest monthly jump since January 2004. September's reading was well above economists' median expectation of 64.0, according to a Reuters poll. The sunnier mood can be traced mostly to lower prices at the gas pump and consumers' one-year...
  • Unemployment Rate Hits 5-Year High As Economy Continues to Shed Jobs [6.1%.......]

    09/05/2008 6:55:42 AM PDT · by Sub-Driver · 54 replies · 370+ views
    Unemployment Rate Hits 5-Year High As Economy Continues to Shed Jobs By BRIAN BLACKSTONE September 5, 2008 9:27 a.m. WASHINGTON -- The U.S. jobless rate unexpectedly jumped in August to a nearly five-year high as employment fell for an eighth-straight month, raising the risk of recession as households face a struggling labor market and high inflation. The data, which included a modest rise in wages, suggest Federal Reserve officials will hold interest rates steady when they meet later this month and at subsequent meetings through the end of the year. Nonfarm payrolls, which are calculated by a survey of establishments,...
  • GDP Revised to 3.3% (Up from 1.9%)---Solid Growth, Jobless Down- What Recession?

    08/28/2008 5:38:24 AM PDT · by NYC Republican · 44 replies · 316+ views
    CnnFn ^ | 8/28/08 | CNN Financial
    <p>Second-quarter GDP revised up to a surprising 3.3% annual growth; initial jobless claims declined last week. More soon.</p>
  • U.S. productivity stays solid as hours worked fall (What Recession?)

    08/08/2008 7:41:34 AM PDT · by tobyhill · 5 replies · 152+ views
    wall street journal ^ | 8/8/2008 | Rex Nutting,
    Inflationary pressures were subdued, the data showed, with real hourly compensation falling -- a hopeful sign for the fight against inflation, but troubling for economic growth. Productivity in the nonfarm business sector rose a 2.2% annualized rate in the second quarter, a bit slower than the 2.7% rate that economists surveyed by MarketWatch had been looking for. See Economic Calendar. Unit labor costs -- a key gauge of inflationary pressures from labor markets -- rose 1.3% compared with the 1.6% rate expected by economists. Output rose an annualized 1.7% in the quarter, while hours worked dipped 0.5% and real hourly...
  • US retail sales in surprise climb (Sales rose by a better-than-expected 1% in May,)

    07/13/2008 5:09:49 PM PDT · by Ernest_at_the_Beach · 26 replies · 98+ views
    BBC ^ | Thursday, 12 June 2008 15:33 UK 14:33 GMT, | BBC Staff
    US retail sales in surprise climb Consumers spending is the biggest driver of the US economy. US retail sales climbed by the largest amount in six months during May after spending was helped by tax rebates. Sales rose by a better-than-expected 1% in May, the Commerce Department said, the largest rise since November. It also said April's figure had been revised up to a rise of 0.4% against the previous estimate of a 0.2% fall. Economists said the rise indicated that the economy had been given a boost by the stimulus package under which millions of Americans got tax...
  • Stimulus Checks Keeping Recession At Bay, For Now

    06/14/2008 5:37:36 AM PDT · by BloodOrFreedom · 32 replies · 58+ views
    CMBC ^ | 13 Jun 2008 | Krystina Gustafson
    The $48 billion in tax rebates sent out to American consumers this spring has helped keep the US economy out of a recession, but analysts believe the impact may only be temporary. The rebates, approved by Congress earlier this year, helped push May retail sales up at twice the expected rate. But consumers are still facing rising gas costs, falling home prices and the struggling job market, so the rise is probably short-term, says Mark Zandi, chief economist for Moody's "Come October, there are probably going to be weaker numbers," Zandi said. "People are spending the rebate checks very...
  • Greenspan says worst of credit crisis over: sources

    05/08/2008 12:35:36 PM PDT · by Brilliant · 15 replies · 88+ views
    Reuters ^ | May 8, 2008 | Lucia Mutikani
    Former Federal Reserve Chairman Alan Greenspan said on Thursday that the worst of the credit crisis is over, according to attendees at a New York speech. Greenspan also said house prices still had a long way to fall and it was unlikely they would stabilize by year-end, according to meeting attendees who provided Reuters details of the speech delivered at the Alternative Public Strategies Conference. The attendees, who declined to be identified by name, said Greenspan mentioned that U.S. growth was likely to be sluggish for an extended period of time. The U.S economy is reeling from a housing-led slowdown,...
  • What Happened to the Recession? Surprise! Bush Expansion Continues

    05/01/2008 4:35:33 AM PDT · by Invisigoth · 15 replies · 119+ views
    North Star Writers Group ^ | May 1, 2008 | Dan Calabrese
    I once heard Rush Limbaugh say the way he deals with a recession is to “not participate in it.” Today we found out that in our current so-called recession, the economy itself is not participating. You’ve heard, of course, about the “recession.” The Associated Press has been referring to it as an established fact for much of the year. Every day, we see interviews with economists who grimly warn that we are surely already in a recession. The only debate is how bad it will get. Oops. Some facts just arrived, and they’re not what the media, the economists and...
  • Back in the Pool (The Stock Market to Recover)

    04/27/2008 3:42:14 PM PDT · by shrinkermd · 25 replies · 156+ views
    Barron's ^ | 28 April 2008 | By JACK WILLOUGHBY
    AND NOW, FOR SOME GOOD NEWS: THE OTHER SHOE isn't going to drop. After a winter of discontent marked by massive write-offs on Wall Street and a wilting economy on Main, America's portfolio managers have declared that the worst is over. More than half of the institutional investors participating in our latest Big Money poll say they're bullish... More than 55% of pros think stocks are undervalued, and most plan to boost their holdings... Much has changed since we took the pros' pulse last October, little for the better. Oil is up, profits are down, credit's constrained and a major...
  • Job losses: Worst in 5 years

    03/07/2008 12:50:44 PM PST · by NoWayMcCain · 38 replies · 252+ views
    CNN ^ | March 7, 2008 | Chris Isidore
    NEW YORK ( -- Employers made their deepest cut in staffing in almost five years in February, the Labor Department reported Friday. There was a net loss of 63,000 jobs, which is the biggest decline since March 2003 and weaker than the revised 22,000 jobs lost in January. Economists had forecast a gain of 25,000 jobs. The weak report fueled already mounting recession fears and is likely to keep the Federal Reserve cutting interest rates further when it meets later this month. "Based on today's Employment Report, if we are not in a recession, it is a darned good imitation...
  • The Case for Recession Is Wrong

    01/13/2008 10:07:28 AM PST · by frithguild · 13 replies · 110+ views
    TrendMacro/ ^ | January 11, 2008 | Donald Luskin
    FOR YEARS, AS the economy has boomed, the permabears have said recession is just around the corner. They've been wrong. Now there's a little bit of evidence of an economic slowdown, and those same bears are declaring victory — they're saying the recession is right here, right now. We shouldn't be too surprised at a bit of a slowdown here. After all, despite the housing downturn, 2007 was a high-growth year by and large. It wouldn't be out of pattern to have to give back a little for a couple quarters just in the normal cycle of things. And with...
  • Bush Boom Continues

    12/14/2007 12:06:08 PM PST · by Perdogg · 18 replies · 163+ views
    NRO ^ | 12.10.07 | Larry Kudlow
    Following last week’s solid jobs report, the New York Times got back to its Bush-bashing recession mantra with the front-page headline: “Slowing Growth and Jobs Seen as Ominous Sign for the Economy.” This chant has been going on for quite some time. Doom and gloom from the economic pessimists has been political sport for seven years, even though the Bush boom just celebrated its sixth anniversary. The current expansion is now in its 74th month — 17 months longer than the average 57-month business cycle since World War II.
  • President Bush Discusses Health Care, Economic Growth

    11/01/2007 7:17:15 AM PDT · by fabrizio · 2 replies · 96+ views
    (2007 Grocery Manufacturers Association/Food Products Association Fall Conference) Renaissance Hotel Washington, D.C THE PRESIDENT: Thanks for coming. Thank you all. Please be seated. Billy, thank you. I asked Billy where he works. He said, well, I run Sunny Delight beverage company. I said, well, Billy, I quit drinking. (Laughter.) He said, that's not that kind of alcohol. I thank you all for having me. Billy, thank you for your kind words. He's from Cincinnati. I was in Cincinnati the other day, stopped off and got some ribs, and he tried to ask me to compare Texas ribs with Cincinnati ribs....
  • Lawrence Kudlow: Goldilocks 2.0

    09/15/2007 2:15:39 AM PDT · by JohnHuang2 · 5 replies · 376+ views ^ | 9/15/2007 | Lawrence Kudlow
    A batch of economy-wide stats was released Friday morning (Sept. 14), covering retail sales, industrial production, import prices, and consumer confidence. The verdict? It's a 2 percent economy. Call it Goldilocks 2.0. Might the current financial turmoil throttle back growth a little more in the next six months? Yes, perhaps. Will there be some negative earnings surprises, especially from financial companies? Sure. But the bears would have us believe the sub-prime credit virus heralds the end of the world. They are wrong. Remember this: Our free-market capitalist economy is resilient and durable. It has proven time and again that it...
  • Consumer Confidence Hits 6-Year High

    07/31/2007 7:38:56 AM PDT · by BenLurkin · 9 replies · 339+ views
    AP Business ^ | Tuesday July 31, 10:10 am ET | Anne D'Innocenzio,
    NEW YORK (AP) -- American consumers -- shrugging off a struggling housing market as jobs remained plentiful -- became more confident in July and sent a gauge of sentiment to a six-year-high, a private research group said Tuesday. The New York-based Conference Board said that its Consumer Confidence Index, rebounded to 112.6, its highest level since August 2001 when it recorded a 114.0 reading. That compared to a revised 105.3 in June. The July 24 cutoff for the preliminary survey of 5,000 U.S. households was before last week's stock market tumble, however. "An improvement in business conditions and the job...
  • Oil may hit $US100 in 'months'

    07/23/2007 3:57:40 PM PDT · by E. Pluribus Unum · 24 replies · 1,070+ views
    The Daily Telegraph ^ | July 24, 2007 | Mark Shenk
    THE $US100-a-barrel oil that Goldman Sachs said would prevail by 2009 may be only a few months away as its price runs away on global markets. Jeffrey Currie, commodity analyst at the world's biggest securities firm, says $US95 crude is likely this year unless OPEC unexpectedly increases production.
  • Silly Democratic attacks on economy

    07/08/2007 5:05:36 AM PDT · by radar101 · 25 replies · 1,213+ views
    Las Vegas Review Journal ^ | 8 JULY 2007 | J.C. WATTS
    Newman is a good actor. I really liked him in "The Sting" when I was a high school kid. I didn't get to many movies at that age, what with football, baseball, basketball and chores, but that movie is one I'll never forget. Great ending. "Butch Cassidy and the Sundance Kid" was another of his better efforts. "Cool Hand Luke," "Fort Apache, the Bronx," "The Towering Inferno," "Slap Shot," all good stuff. He makes a tasty salad dressing, too. But Newman's politics aren't nearly as appetizing. I wish he'd stick to what he knows. The legendary star of the silver...
  • Dow tops 13,000 for first time (WE'RE ALL GONNA DIE! no wait)

    04/25/2007 6:35:35 AM PDT · by abb · 90 replies · 3,037+ views ^ | April 25, 2007 | Tom Kilgore
    NEW YORK (MarketWatch) -- The Dow industrials ($INDU$INDU ) crossed over the 13,000 level in intraday trading for the first time Tuesday, about six months after besting the 12,000 mark. The Dow had topped 12,000 for the first time in intraday trading on Oct. 18 -- it closed above that mark on Oct. 19 -- and it took 127 sessions for the blue chip barometer to reach the next 1,000-point milestone. The Dow has now gained 4.3% since the end of 2006 and 15% over the last year
  • Dow passes 13,000 on earnings data

    04/25/2007 1:40:00 PM PDT · by spikeytx86 · 10 replies · 403+ views
    AP/Yahoo! News ^ | 04/25/2007 | MADLEN READ and TIM PARADIS
    NEW YORK - It looks like a cause for celebration: The Dow Jones industrial average surged from 12,000 to 13,000 in just six months. But appearances can be deceiving, and there may be more reason to worry rather than rejoice about Wall Street's latest accomplishment. Stronger-than-expected profits from several large companies helped push the stock market to historic heights. But many big corporations, including the Dow components, made a chunk of that money overseas, where economies are growing faster than in the U.S. And many of the same worries that weighed on investors earlier in the year remain: rising energy...
  • Needed: A Good Old-Fashioned Recession

    04/24/2007 6:43:37 PM PDT · by shrinkermd · 24 replies · 1,105+ views
    IBD Editorials ^ | 24 April 2007 | Robert Samuelson
    It's increasingly clear that much of our standard economic vocabulary needs revising, supplementing or at least explaining. The customary words we use don't fully convey what's actually happening in the real world. Let me illustrate with two basic economic terms: inflation and recession. There are also larger lessons. Start with inflation. You may have noticed that last week's release of the March consumer price index — the government's main inflation indicator — inspired much optimism. "Inflation Fears Relax," headlined The Wall Street Journal. Stock prices jumped on the supposedly good news. But if you actually examined the CPI report, you...
  • Jobless rate falls to five-year low

    04/07/2007 7:46:55 AM PDT · by DreamsofPolycarp · 11 replies · 745+ views
    Washington Times ^ | 04/07/2007 | Patrice Hill
    Jobless rate falls to five-year low The unemployment rate fell to a five-year low of 4.4 percent as job growth picked up to 180,000 last month — a show of strength that bolstered hopes that the economy will endure the turmoil in the housing and mortgage markets without major harm. The March increase in jobs reported by the Labor Department reflected a revival of hiring among construction companies, department stores and retailers as well as continued robust growth of health care jobs. The construction job gains erased a big loss in February resulting from cold weather and left jobs in...
  • Job Growth Heats Up

    04/06/2007 6:31:29 AM PDT · by misterrob · 59 replies · 2,527+ views
    The ^ | 04/06/07
    A higher-than-expected 180,000 nonfarm jobs were added in March while payrolls for the prior two months were revised higher, the Labor Department reported Friday. The unemployment rate unexpectedly fell to a five-year low of 4.4% in March from 4.5% in February. The consensus expectation was for nonfarm payroll growth of 135,000 (down from 150,000 a week ago) and for the unemployment rate to tick up to 4.6%. February payrolls were revised up to 113,000 from 97,000 while January payrolls were revised up to 162,000 from 146,000. Average hourly earnings rose 0.3% last month, in line with expectations. Average hours worked...
  • Study: Flu outbreak in U.S. could spark recession

    03/22/2007 8:32:41 AM PDT · by xrp · 26 replies · 754+ views ^ | 3/22/2007 | CNN
    WASHINGTON (CNN) -- A severe flu pandemic "would almost certainly lead to a major economic recession," according to a new report from a nonpartisan, nonprofit organization. The report, titled "Pandemic Flu and the Potential for U.S. Economic Recession," projected that a pandemic would kill 2.25 million people and force 87.75 million people to miss work for three weeks That could cause the U.S. gross domestic product to drop more than 5.5 percent, resulting in an economic loss of $683 billion.
  • An Excellent Economic State of the Union

    01/24/2007 5:01:39 AM PST · by .cnI redruM · 6 replies · 513+ views ^ | January 24, 2007 | By Lawrence Kudlow
    Parsing through a dozen or so newspapers and websites this morning, I was stunned not to find a single reference to the very strong economic state of the union. ...snip..... I did manage to find one article, buried deep in The Wall Street Journal, titled "Class of '07 Gets Plenty of Job Offers." It talked about employers planning to hire 17 percent more graduates this year than they did last year. This happens to top the college-hiring peak of the last economic boom in 2000. There's also an interesting op-ed by Deputy Treasury Secretary Bob Kimmet (an old friend with...
  • The Pump-and-Dump Economy

    12/21/2006 10:53:54 AM PST · by UncleDick · 8 replies · 664+ views
    The Wall Street Journal ^ | December 21, 2006 | Michael S. Malone
    Why do young private companies want to sell out now instead of becoming public corporations? After all, the potential long-term gains for a founder for owning a chunk of stock in a large corporation are far greater than those from a quick sale. To understand this sudden desire to pump and dump, put yourself in the entrepreneurs' shoes. Looking ahead at a possible IPO for your hot little start-up, all you see are minefields of legal precedents and new regulations created after the boom. Not least -- but worst -- there is the Sarbanes-Oxley Act of 2002, whose self-monitoring...
  • U.S. manufacturers getting desperate for skilled people

    12/07/2006 7:28:16 PM PST · by HighWheeler · 23 replies · 1,417+ views
    USA Today ^ | Tue Dec 5, 6:58 AM ET | By Barbara Hagenbaugh
    <p>USA Today is a Gannett publication. Due to contractual arrangements they have with third-party content providers, they have denied our request to allow posting of excerpts. They will only allow the posting of titles and links.</p>
  • Strong U.S. job growth boosts GOP hopes

    11/04/2006 10:58:24 AM PST · by Bishop_Malachi · 2 replies · 289+ views
    LA Times ^ | November 4th, 2006 | Joel Havemann
    Strong U.S. job growth boosts GOP hopes Republicans worried about losing their congressional majorities in Tuesday's elections say the data justify their economic policies. By Joel Havemann Times Staff Writer November 4, 2006 WASHINGTON — Providing welcome news to Republicans four days before congressional elections, the government reported Friday that jobs grew at a strong pace in the last three months, pushing the unemployment rate to its lowest level in more than five years. The October jobless rate was 4.4%, down from 4.6% in September and the lowest level since May 2001, President Bush's fourth full month in office.
  • Dow breaks milestone at close (Over 12,000)

    10/19/2006 1:28:08 PM PDT · by NYC Republican · 24 replies · 596+ views
    cnn ^ | 10/19/06 | cnn
    The Dow industrials closed above 12,000 for the first time Thursday as investors took in a mixed bag of earnings from leading banks, blue chips and tech companies. "The economy continues to weaken. But everyone is convinced the Federal Reserve will be able to engineer a soft landing," said the president of one brokerage. The Dow crossed the 12,000 milestone for the first time Wednesday but failed to finish above that number.
  • The Dow Has Crossed 12,000

    10/18/2006 6:38:04 AM PDT · by Christian4Bush · 200 replies · 5,441+ views
    Fox News Channel ^ | 10/18/2006 | Christian4Bush
    Good morning to all, I am watching Fox News Channel, and the Dow has crossed 12,000. As of this type, it is up 90.61 at 12,041.99. Of course, it is changing faster than I can type it, so I'll let those more qualified than me, keep up with it.
  • US stock futures rise after earnings, tame CPI

    10/18/2006 6:42:30 AM PDT · by BenLurkin · 1 replies · 241+ views
    NEW YORK, Oct 18 (Reuters) - U.S. stock futures rose on Wednesday, lifted by a string of positive earnings reports by tech companies and after an unexpected rise in housing starts, coupled with benign inflation data. Shares in companies including Intel Corp. (INTC.O: Quote, Profile, Research), Yahoo Inc. (YHOO.O: Quote, Profile, Research) and IBM Corp. (IBM.N: Quote, Profile, Research) rose before the bell in composite trading and in Europe after they reported solid financial results or outlooks. JPMorgan Chase & Co. (JPM.N: Quote, Profile, Research), the third largest U.S. bank, said its third-quarter net income rose sharply on record investment...
  • Stocks rise aided by economy, energy shares

    10/16/2006 10:59:30 AM PDT · by BenLurkin · 8 replies · 394+ views
    Reuters ^ | Monday October 16, 1:53 pm ET | Chris Sanders
    S. stocks edged higher on Monday as positive assessments of the economy and an advance in energy shares boosted by rising oil prices outweighed downgrades of Dow components Home Depot Inc. and General Electric Co. Recent company assessments and government data have underscored the notion that the U.S. economy is stronger than expected heading into the end of the year and that companies will post another quarter of double-digit earnings growth. Crude oil futures (CLc1) rose 1 percent, pulling energy stocks such as Exxon Mobil Corp. (NYSE:XOM - News) 1.9 percent higher to $69.67 on the New York Stock Exchange,...
  • Dow Jones Industrial Average just cracked 11,800 for first time ever

    10/04/2006 10:37:12 AM PDT · by MNJohnnie · 143 replies · 3,030+ views
    Market Watch ^ | 10-0406
    Dow 11,801.14 73.80 Nasdaq 2,272.05 28.40 S&P 500 1,343.18 9.07
  • As Dow surges, many left behind

    10/04/2006 8:39:11 AM PDT · by Halfmanhalfamazing · 74 replies · 1,981+ views
    Chicago Tribune ^ | October 3, 2006 | William Neikirk
    WASHINGTON -- The last time the Dow Jones industrial average closed at a record high, America was living in a giddy economic era when good times and budget surpluses seemed as if they might continue indefinitely. It was Jan. 14, 2000, the start of another year, another century and another millennium. The economy was roaring along. The jobless rate was a low 4 percent. The "new economy" of young entrepreneurs energized markets with new tech companies that didn't turn a profit. Nobody seemed to care, and excesses piled on top of excesses.
  • Wall Street Welcomes Tame Inflation Data

    08/16/2006 12:10:33 PM PDT · by BenLurkin · 7 replies · 302+ views
    , AP ^ | Michael J. Martinez
    NEW YORK (AP) -- Investors bid stocks higher Wednesday after the Labor Department reported tame inflation figures for the second straight day, boosting Wall Street's confidence that the Federal Reserve would keep interest rates steady. The consumer price index, which measures price increases at the retail level, rose 0.4 percent in July, slightly higher than June's 0.2 percent increase. But with food and fuel prices removed, so-called "core" CPI rose just 0.2 percent, less than the 0.3 percent economists expected. Combined with Tuesday's producer price index, which showed a decline in core wholesale prices, the data points to a drop...
  • 5.6 Million Jobs Since Pelosi asked, "Where Are the Jobs, Mr. President?"

    08/04/2006 12:04:50 PM PDT · by new yorker 77 · 15 replies · 583+ views
    On August 1, 2003, Nancy Pelosi asked a question: “Where are the jobs Mr. President?”. Of course you have to have had selective amnesia to make such a statement. The Market Crash of 2000, The Clinton Recession, The 9-11 Attacks, and the Cost of Waging a War on Terror all affected the job market. Nancy Pelosi Press Release on August 1, 2003. Where Are the Jobs, Mr. President? Washington, D.C. -- House Democratic Leader Nancy Pelosi released the following statement today on the Bureau of Labor Statistics' announcement that 470,000 people abandoned their job searches in July and that 3.2...
  • Rising Tide (Great Read Details How Bush Tax Cuts Have Boosted the Economy--Good Rebuttal Item)

    07/25/2006 2:32:49 PM PDT · by MikeA · 7 replies · 572+ views
    The Wall Street Journal ^ | 07/25/06 | PETE DU PONT
    Mr. Bush signed the most recent tax cuts into law in the spring of 2003. In the past 33 months the size of America's entire economy has increased by 20%--or, as National Review Online's Larry Kudlow put it, "In less than three years, the U.S. economic pie has expanded by $2.2 trillion, an output add-on that is roughly the same size as the total Chinese economy." In the 2 1/4 years before the 2003 tax cuts, economic growth averaged 1.1% annually; in the three years since it has averaged 4% per year, and in the first quarter of this year...