MORE Good Economic News

[amsterdam]

Boy, reading eggheads uniformed, silly ass posts you would think everybody was homeless. But, in reality things are rockin and rollin and getting better every day.

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B6BAF49E9%2D7CC1%2D4BE1%2D8D99%2 D571CFAA37F2A%7D&siteid=mktw&dist=

:p :dance:

I'm thinking new Ducati.:thumbsup:

[amsterdam]

Funny how the people who post all that bogus, bad, economic news are quiet when the real numbers are posted. No suprise.

[amsterdam]

Here are some more indisputable numbers:
http://www.usatoday.com/money/economy/housing/2006-02-16-starts-jan_x.htm?POE=NEWISVA

[eg420ne]

Sounds peachy---I sure hope that housing boom in the month of January fix the national debt-----$8,242,882,099,064.99------ Well i guess we leave the debt to the future amerikans. that post of USAToday had a message-- "for Economists, however, were quick to caution that the surprisingly high number was probably a blip in the market and continue to predict a slowdown in the housing sector this year."......:thumbsup:

This will help the economy out
U.S. moves to miss hitting debt ceiling The U.S. Treasury acted Thursday to avoid hitting the national debt limit and said it's "imperative" Congress raise the debt ceiling by the middle of March. http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B29B8475F%2DEABA%2D4E5C%2DAE8B%2 D69EE4C007B07%7D&siteid=google

What about the closing & outsourcing of american jobs, why dont you speak up about our ports being sold to arab companys, is it because your kingboy said it was ok...I bet its ok if they outsourced the border patrol as well...

RadioShack to close up to 700 stores
http://news.yahoo.com/s/nm/20060217/bs_nm/retail_radioshack_earns_dc;_ylt=ApwXuFU8Kp_Ss4E0Mm qAwWwEtbAF;_ylu=X3oDMTBiMW04NW9mBHNlYwMlJVRPUCUl

Ford Motor May Eliminate 25,000 Jobs to Stem Losses (Update4)
Jan. 20 (Bloomberg) -- Ford Motor Co. will eliminate 25,000 or more jobs in the next four years as the world's third-biggest automaker seeks to stem North American losses, according to people familiar with the reorganization.

Chief Executive Officer William Clay Ford Jr. will announce the job cuts, equivalent to about 20 percent of the company's automotive workforce in North America, on Jan. 23 as part of a plan called ``Way Forward.'' Bill Ford said this month the plan would include job reductions without specifying how many. The loss of 25,000 jobs would be the biggest such reduction at Dearborn, Michigan-based Ford since 2002.
http://www.bloomberg.com/apps/news?p...p_world _news

Kraft Foods Inc., the nation's largest food manufacturer, said Monday it would eliminate 8,000 more jobs, or about 8 percent of its work force, and close up to 20 production plants as it broadens an ongoing restructuring effort.

Kraft said the cuts would save an additional $700 million in annual costs, atop a targeted $450 million in savings it already had hoped to achieve through a restructuring that began in January 2004.

Northfield-based Kraft already had announced closures of 19 production facilities and the elimination of 5,500 jobs. Kraft said Monday that those efforts are on track, but it is expanding the restructuring plans to include more cuts.


Dell to Hire 5,000 People in India By RAJESH MAHAPATRA, Associated Press Writer
Mon Jan 30, 6:00 AM ET

Computer maker Dell Inc. said Monday it planned to add 5,000 jobs in India over the next two years, bringing its work force in the country to 15,000.

Dell is also looking to set up a manufacturing center in India, a move that could help boost the sale of Dell computers here, President and CEO Kevin Rollins told reporters after a meeting with Indian Prime Minister Manmohan Singh.

The Round Rock, Texas-based company will hire 700 to 1,000 workers for a new call center in Gurgaon, a satellite town of the capital, New Delhi, Rollins said. The new call center, the company's fourth in India, will open in April, he said.

The other new hires will staff call centers in the cities of Bangalore and Hyderabad in southern India and Mohali in the northern state of Punjab. Also this year, the company plans to double the staff at its product testing center in Bangalore, which currently employs 300 engineers, Rollins said.

During his previous visit to India in April last year, Rollins had said Dell would make India a hub for its software development and back-office work

[pisshead]

of course we could always get rid of the unconstitutional federal reserve, print US treasury notes, and right there cut hundreds of billions A YEAR off the budget...

but that would be conservative, and the neo-cons don't want that.

every man woman and child last i calculated owes about 22K of the national debt. and we all know that it's great to be thousands of dollars in debt.

i have no debt. ask the person with tens of thousands in debt how great it is to be operating under those conditions. it's fan-fucking-tastic i bet they'll tell you!

[amsterdam]

I'm sure it's hard to run up alot of debt when you still live in your parents house. Silly girl.

[eg420ne]

WoW! Nice comeback amsterdam:thumbsup:

[mont974x4]

I think doing away with the IRS and initiating anational sales tax would help quite abit.


Yes, the national debt is astounding and no it isn't a good thing. If congress would get rid of the pork that would help immensely but that won't happen anytime soon.

That being said, the national debt is only a part of the overall economic picture and for the most part things are good.


Speaking as a man thousands of dollars in debt from student loans, mortgages etc...but slowly getting better. No stress, just a fact of life.

[amsterdam]

Student loans are a bitch!!!

It's nice to hear from someone with some common sense.

[mont974x4]

lol I have my moments.

That's actually student loans x2..my wife's and mine.

I'd like to have the choice for privatized SS, better yet leave me alone and let me fend for myself altogether, but I want to make sure we honor our commitments already in place.

Personally, I think we rely on the government too much.

[eg420ne]

Our national debt is a serious matter, especially when we have an criminal government running amok and people blindly following the leader.

By Paul Craig Roberts

Gentle reader, if you prefer comforting lies to harsh truths, don't read this column.

The state of the union is disastrous. By its naked aggression, bullying, illegal spying on Americans, and illegal torture and detentions, the Bush administration has demonstrated American contempt for the Geneva Convention, for human life and dignity, and for the civil liberties of its own citizens. Increasingly, the US is isolated in the world, having to resort to bribery and threats to impose its diktats. No country any longer looks to America for moral leadership. The US has become a rogue nation.

Least of all did President Bush tell any truth about the economy. He talked about economic growth rates without acknowledging that they result from eating the seed corn and do not produce jobs with a living wage for Americans. He touted a low rate of unemployment and did not admit that the figure is false because it does not count millions of discouraged workers who have dropped out of the work force.

Americans did not hear from Bush that a new Wal-Mart just opened on Chicago's city boundary and 25,000 people applied for 325 jobs (Chicago Sun-Times, Jan. 26), or that 11,000 people applied for a few Wal-Mart jobs in Oakland, California. Obviously, employment is far from full.

Neither did Bush tell Americans any of the dire facts reported by economist Charles McMillion in the January 19 issue of Manufacturing & Technology News:

During Bush's presidency the US has experienced the slowest job creation on record (going back to 1939). During the past five years private business has added only 958,000 net new jobs to the economy, while the government sector has added 1.1 million jobs. Moreover, as many of the jobs are not for a full work week, "the country ended 2005 with fewer private sector hours worked than it had in January 2001."

McMillion reports that the largest sources of private sector jobs have been health care and waitresses and bartenders. Other areas of the private sector lost so many jobs, including supervisory/managerial jobs, that had health care not added 1.4 million new jobs, the private sector would have experienced a net loss of 467,000 jobs between January 2001 and December 2005 despite an "economic recovery." Without the new jobs waiting tables and serving drinks, the US economy in the past five years would have eked out a measly 64,000 jobs. In other words, there is a job depression in the US.

McMillion reports that during the past five years of Bush's presidency the US has lost 16.5% of its manufacturing jobs. The hardest hit are clothes manufacturers, textile mills, communications equipment, and semiconductors. Workforces in these industries shrunk by 37 to 46 percent. These are amazing job losses. Major industries have shriveled to insignificance in half a decade.

Free trade, offshore production for US markets, and the outsourcing of US jobs are the culprits. McMillion writes that "every industry that faces foreign outsourcing or import competition is losing jobs," including both Ford and General Motors, both of which recently announced new job losses of 30,000 each. The parts supplier, Delphi, is on the ropes and cutting thousands of jobs, wages, benefits, and pensions.

If the free trade/outsourcing propaganda were true, would not at least some US export industries be experiencing a growth in employment? If free trade and outsourcing benefit the US economy, how did America run up $2.85 trillion in trade deficits over the last five years? This means Americans consumed almost $3 trillion dollars more in goods and services than they produced and turned over $3 trillion of their existing assets to foreigners to pay for their consumption. Consuming accumulated wealth makes a country poorer, not richer.

Americans are constantly reassured that America is the leader in advanced technology and intellectual property and doesn't need jobs making clothes or even semiconductors. McMillion puts the lie to this reassurance. During Bush's presidency, the US has lost its trade surplus in manufactured Advanced Technology Products (ATP). The US trade deficit in ATP now exceeds the US surplus in Intellectual Property licenses and fees. The US no longer earns enough from high tech to cover any part of its import bill for oil, autos, or clothing.
http://boards.cannabis.com/showthread.php?t=50898
http://jabbs.blogspot.com/2006/01/administration-seeks-to-raise-debt.html
http://www.theamericancause.org/