The Economy: it was fun while it lasted

[welshTerrier2]

you know, as much as a bad economy hurts bush, it hurts the American people even more ... and with record budget deficits, i'm afraid we will not be seeing a sustained recovery anytime soon ... and jobs? forget about it ...

bush's policies and record republican deficits have destroyed any hope for better times ahead ... with a bad economy and no good news coming out of Iraq, bush has no cards left to play ... no cards if he plays by the rules, that is ... it's starting to look like it soon will be desperation time at the whitehouse ...

source: http://www.reuters.com/newsArticle.jhtml?type=businessNews&storyID=5695533

Title: Stocks Fall on Economy, Profit Worries

U.S. stocks fell on Friday, hit by a sell-off in technology shares, as investors' worries about slowing growth in the economy and corporate profits overshadowed upbeat earnings from tech bellwether IBM.

<snip>

Rising oil prices also weighed on Wall Street sentiment. Oil jumped to a 6-week high on worries about possible sabotage in Iraq that could put a crimp in supply.

The latest economic data did little to quell speculation that the economy's red-hot rebound is beginning to cool. One report showed consumer sentiment rose less than expected in July, and another showed the pace of consumer price gains slowed in June.

"It's all symptomatic of a slowing economic pace. I think that's what's worrying everybody," said Larry Wachtel, senior vice president and market analyst at Wachovia Securities. "The second-quarter earnings were mixed. They certainly weren't the turn-on everyone had hoped they would be."

<snip>

[Zynx]

1. Growth is going to slow so fast it will make your head spin.

There is nothing pointing to accelerating growth and plenty of signs of weakening. Furthermore, what would prompt an acceleration of growth?

[midwayer]

2. More wars!

The spigot has been turned off. The wealthy are gripping thier dollars tightly right now and will into the election.

The trickle down effect ain't working unless your working for the Gov. or one of thier contractors.

[Doctor_J]

5. more war, more tax cuts!

the first ones have been such a success, let's build on that! :wtf:

I refused to let my broker buy stocks in war profiteers, and everything else is going south. Every month Smirk is in office my retirement is getting a year farther away.

[M155Y_A1CH]

8. Buy Euros

A good bet against the Dollar.

[seabeyond]

3. this is why i stated yesterday, i dont need a tax break

from kerry. i would rather they be fiscally responsible, use my money to get out of debt and go after corporations tax, wealthy tax, pharmacies and insurance companies. pay down debt and start working on schools again, and single parents just trying to make it, food programs for the poor kids. i have a friend..........single father, talking to him the other day, he's trying to figure out what to do. let me help him as he busts ass to do the best for his son, working 6 days a week

[Media_Lies_Daily]

4. You must be referring to the Clinton years, 1992 to 2000, because....

...I haven't seen anything remotely like fun since then.

The NeoCons have been doctoring the numbers since FratBoy's coronation.

[Thrill]

6. On the bright side

the wealthy are getting nice tax cuts. Must be nice

[mountainvue]

11. 1992 - 2000

sure was fun wasn't it? We'll probably never see anything like it again soon.

[theoceansnerves]

7. how long did it last?

a few months? how many times did you hear someone on tv saying "the economy is ROARING ahead." and i would always think-- for who?! not for me, or anyone i know. oh right-- for the gigantic corporations that are paying trivial wages and shipping jobs overseas. you can't sucker people too long with tales of a "rebounding, rip-roaring!" economy when it isn't there!

[welshTerrier2]

9. spinning thru to November

i really think they thought they could spin a very limited amount of good financial data all the way through to the election ... but the economy is just too weak for them to get away with it ...

[unkachuck]

10. I think you're right....

They'll keep the shrade up till after Christmas.....would'nt want those retailers to lose anymore money than necessary.....

By mid January the pathectic shape of or economy will be revealed.....Kerry will use it to lower expectations.....Bush will use it for more tax-cuts....