Crude oil futures skyrocket Nov 5, 2003

[Lefty48197]

http://biz.yahoo.com/rm/031105/markets_energy_nymex_8.html

Since every right winger in America trumpeted loudly the recent announcement of the third quarter growth in the GDP, and claimed that it was evidence that Shrubbie's tax cuts were helping the economy, I thought I would mention some bad news.
It seems the administration just doesn't want to talk about bad news. They won't mention the jump in oil prices (yes, the same oil prices energy secretary Spence Abraham promised us would fall about three months ago).
They don't want to talk about the unemployment rate either, or the rising number of Americans without health insurance, or the skyrocketing national debt, or the surging prices of health insurance, or a college education.
Nope. All they want to talk about is that one favorable GDP number. Yeah, let's just ignore all the bad signs and pretend that things are getting better.

It seems to me that this was his father's re-election strategy in 1992. Just wish away the recession.

[BuckeFushe]

1. And manufacturing jobs continue to decline

80% (yes EIGHTY PERCENT) of our economy is based on the SERVICES industries (everything from your basic Wal Mart illegal cleaning person to the quickly fading mechanic down at the corner garage).

One of these days, this huge manufacturing gap is going to catch up to us, and some smart guy at one of our trading partners will hold us hostage for critical goods needed for the survival of our economy. That day will come, but the pinheads who run BushCo can't see the forest for the trees.

[A HERETIC I AM]

2. Astounding and Astute.

BuckeFushe is right. Our economy is pretty much based on consumption. Think about it. the last major manufacturing industry {Automobiles} is steadily sending it's assembly operations elsewhere. The days when a person with only a high school diploma could get a good paying, union job, work 40 hours a week and make a good living, buy a house in a nice neighborhood, a new car once in a while and maybe an RV or a boat, take vacations and send their kids to college are almost completely gone. Sure there are exceptions but it seems to me that it is becoming harder and harder to be middle class without a college degree and those degrees are being priced out of the market for millions of Americans.

[BuckeFushe]

3. The middle class wil disappear within a generation

it is becoming harder and harder to be middle class without a college degree

With outsourcing, college will mean nothing in the next generation. The gap between the number of boomers retiring and the youth joinng the labor force is HUGE, and most of the youth are trained in completely wrong disciplines as to what will be needed in the future.

Most of our health care professionals will be foreign born. The sciences as we know them will no longer hold the same draw that they have (WHO NEEDS TO GO FOSSIL HUNTING WHEN YOU CAN DRAW A DINOSAUR ON YOUR POCKET COMPUTER). Even muscians are a dying breed (forget rock, what ever happened to all the pianists and violinists we all grew up with?)

The visionaries of the past have become only a memory. Today is the most important day in most of our lives. Tomorrow will be dealt with when it gets here.

[JNelson6563]

4. Why do you hate America?

haha Just kiddin'!

The reality of it is this: the no jobs problem? Why it's all part of the plan friend!! Here's how it works, fewer jobs mean folks get more desperate. They will work for less. Eventually, much less. Will there be enough jobs then, for everyone to at least subsist? No. That's ok though see? Here's why. We need soldiers. Lots of 'em. We don't want to reinstate the draft we like a "volunteer" army. You got enough hungry people, they'll join. Those that don't? Easy. We build more jails. Then we can provide third-world-nation priced labor right here at home! That's right! Made in the good ol' USofA!!

Those GDP #s are fake. Fake as they get. Just like the weekly unemployment #s they "revise" the following week, EVERY week. But don't take my word for it. Look into it. The day 7.2 came out I saw the "experts" making their guesses for the fabulous GDP #s to come. Lemme tell ya, they were making bold predictions but wincing. Risky business making such predictins in a Bush economy. Anyhow, those #s come out better than even the whoriest cheer-leader dared guess and what happened? Not much. Soon after not-much was over, the markets have been steadily moving down. Me thinks the dance is over. Everyone knows the prom king is a unich. ;-)

Batton down the hatches. Rough weather ahead. EU #s out in the morning, horrifying layoffs October so far. Watch to see what last week has been revised to and what they say #s are tomorrow. Could get bloody.

Julie