Bush Blames Slow Economy on Cable News?

Today's jobless claims number came in better than expected -- more good news on the employment front.

Is your definition of better than expected having more unemployed people than expected?

<I>
The Labor Department report said 398,000 filed for benefits in the week ended Aug. 9, up from the revised reading of 396,000 during the previous week. Economists, on average, expected new claims to come in at 390,000, according to a Reuters poll, which was the same level as the initial reading for the previous week.
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http://money.cnn.com/2003/08/14/news/economy/jobless_claims/index.htm

 

Here is the 1-year graph of the Nasdaq. What chart are you looking at? There is no 'run-up' in March. The run-up has occurred since March, as the war overhang has been removed from the market.

 

Nope, consensus among the traders polled this morning on CNBC was a bump up of 5,000. The actual number was only 2,000. Depends on who you poll, but I'll take the insight of bond traders any day over a group of ivory-tower economists in academia.

Major, are you only capable of responding to one sentence of my post? Typical.

 

sorry...that is what i meant. also, since the war issue has been removed and the war is basically over shouldn't that mean the markets should continue on their upswing? or are they just going to hang around here until saddam is captured? either way...my point was that money was not being put in good solid stocks...a lot of money was put in bad stocks that ran up for no reason during the 1990's. that is not a positive sign.

 

thanks!


he really is slow. has he forgotten that he was the guy standing in front crowds of soldiers every day for two months, giving the same dang speech about WMD?

and now it's cable news' fault for covering it?


uh, help me out here. who came up with the imbedded journalists? wasn't that DOD? who built a fancy new facility in Qatar to showcase their war?


I like revisionist history as well as the next guy, but someone needs to tell Bush you can't do it while the populace can still remember how it happened.

 

If the media would lay off the Bush administration and let them do there jobs instead of forcing them to answer every asinine question put forth by the liberal agenda of hate maybe the recovery (which is doing fine) would move even faster. Its good people like George W. Bush who are able to see the big picture and not allow themselves to mired down in the day to day trivial nonsense so many of you consider important. Though President Bush is a good Christian he is not God, and therefore cannot stimulate a full economic recovery in seven days and seven nights. Patience is required while his tax cuts work and they are working. Some of you would have President Bush run the economy like a craps table in Vegas (i.e.) the Clinton economy of the 1990’s. Thankfully our good president has the sense so many of you lack. Enjoy your well-deserved vacation President Bush you have earned every day and then some.

 

3 million lost jobs in 30 months

from balanced budget with a surplus to trillion dollar deficits








oh, he's good

 

I'd like to remind all that without a secure nation, there is no economy. Just ask Liberia.

 

OMG Cheetah -- that was the most awesome Trader Jorge impersonation ever! Kudos to you sir.

 

Major, are you only capable of responding to one sentence of my post? Typical.

When you learn to use statistics properly, then maybe I would. Until then, you're really not worth more than that.

 

what a surprise and shock that you believe every word Bush says T_J. You have become nothing more than a tool. Do you even use your own brain and reasoning abilities anymore?

The facts, on the other hand, don't agree with you.

Fact : "The Labor Department report said 398,000 filed for benefits in the week ended Aug. 9, up from the revised reading of 396,000 during the previous week"

Fact: "The latest survey of employers found 44,000 fewer jobs in July than a month earlie"

Fact: "The unemployment rate slipped to 6.2 percent from 6.4 percent, but at least part of that decline was due to long-term unemployed giving up searching for a new job"


more facts



The unemployment rate has risen 0.4 percentage points to 6.2 percent, for an increase of 2.1 percentage points since President Bush took office.
348,000 private sector payroll jobs have been lost, for a total loss of 3.2 million jobs since President Bush took office.
621,000 manufacturing jobs have been lost, for a total loss of 2.5 million manufacturing jobs since President Bush took office.
429,000 workers have joined the ranks of the long-term unemployed, for a total increase in the long-term unemployed of 1.3 million since President Bush took office.
Over 2.3 million workers have exhausted all of their Unemployment Insurance benefits.
1.8 million workers have lost their jobs due to mass layoffs.
Consumer confidence has sunk 18.9 percent, for a total decline of 34 percent since President Bush took office.
The 2003-2007 federal budget deficit projections have soared $1.7 trillion, for a total increase of $3.9 trillion since President Bush took office.
The Federal Reserve has cut rates twice to stimulate the flagging economy, for a total of 12 rate cuts since President Bush took office.
Clearly, President Bush needs to go back to the drawing board and come up with better policies for creating jobs and growth, and for restoring fiscal responsibility.

 

reallybaked....do you honestly think bush can do that much with the economy himself? there isn't a ton of things he can do to stimulate growth. i swear it's like people conviently forget we just experienced a crash from one of the worst bubble economies ever and act as if we should just immediately recover from it. you can't blame bush or give to bush credit for the economy...kind of like you can't blame clinton or give credit to clinton for the economy of the 90's. without the internet boom the economy of the 90's would not have existed. clinton did nothing to create the internet....al gore is the only man who can claim credit for the boom of the 90's since he invented the internet maybe my goals are too low, but i really think we are lucky that the american economy was not hurt worse when the bubble collapsed. unemployment figures in this range have not been unacceptable in the past. they may not have been desired but they were not bad either. thats just my take on things

 

[sarcasm]

OOOOOHHHHHHHH!!!!!!

how ya like that you lunatic left-wing liberals?!?!?!

Dubya rules!!!

[/sarcasm]

 

reallyBaked, I'm not sure who you are, perhaps you are brand new? Regardless, I've never even heard of you until today. I typically do not respond to posters who are this far beneath me in the food chain, but here's a freebie. What I said was that the employment figure came in "better than expected." This does *not* mean that there are fewer jobless claims, it simply means that the reported figure was below what the people polled were expecting. So while your facts are nice, they lack relevance to this discussion. Don't expect any more responses from me until you bring the level of your posting up *significantly*.

Don't go bear hunting with a stick, rookie.

 

So, what's your take on Republican Senator Richard Lugar's stunning break with the Bush Administration over the war on Iraq? Really shocking, considering he's Chairman of the Senate Foreign Relations Committee and a prominent leader of the Republican Party. Care to share your opinion?

 

typical T_J

make up every excuse in the world to not address an issue that he can't wash away with partisan name calling

I would have to drop my standards to reach your "level" of posting.

 

Don't hold your breath. You might turn blue.

 

Don't worry. I'm not.