In a little noticed report, the Federal Reserve reveals that U.S. manufacturing output increased 0.9% in June, the biggest improvement in 18 months.
That means our total manufacturing output has reached record levels.
But at the same time, manufacturing employment is dropping, with 1.5 million fewer workers than in November, 2001.
There are two major factors driving these seemingly paradoxical numbers.
First, efficiency has increased dramatically, allowing fewer workers to produce more goods. Part of this is due to the investments made in computer and related technology, fueling a 15.5% increase in computer related output.
Manufacturers also are investing heavily in machinery and heavy equipment. As they invest more in equipment to improve efficiency, the result is that fewer workers are left on the payroll. This is true even in China, where the total manufacturing workforce has declined while production has exploded.
The second factor driving the paradox is that our economy is migrating toward a service and information base, away from manufacturing. In 2004, manufacturing was only 12.7% of the GNP, down from 13.2% in 2001.
If you walk a shopping aisle in Wal-Mart, and see the huge volume of imported merchandise, you think that we’re losing our manufacturing to overseas operations. But the truth is that we’re producing more goods now than ever, not less.
It is true that we have many trade issues, but the point here is that in the marketplace, we need to understand the power of improved machines and information, or our competitors—both foreign and domestic—will pass us by.
King Solomon said that it’s supposed to work like this—“A wise man is strong, and a man of knowledge increases in power” (Proverbs 24:5 NASB). Let us make sure that our increased knowledge and manufacturing works to our benefit.
Steve Marr is the former CEO of the fourth largest import-export firm in the U.S., a company which facilitated international trade for many of the largest companies in America. Currently, Steve consults with with businesses and ministries utilizing ancient Biblical principles for success in today's marketplace. Click here to contact Steve, or visit his website at www.businessproverbs.com.
"Why, it appears that we appointed all of our worst generals to command the armies and we appointed all of our best generals to edit the newspapers. I mean, I found by reading a newspaper that these editor generals saw all of the defects plainly from the start but didn't tell me until it was too late. I'm willing to yield my place to these best generals and I'll do my best for the cause by editing a newspaper." --Robert E. Lee
[ edited by Bear1949 on Aug 1, 2005 07:05 PM ]
posted on August 2, 2005 09:58:26 AM
OK bear, I'll bite. Exactly where is this increased manufacturing and where can I find these products. I mean I am a patriotic American and I'd like to buy some of these products.
Probably a large portion of these products are guns, explosives, knives and other products used to kill people and foment wars and revolutions and other such patriotic endeavors.
[ edited by getalife on Aug 2, 2005 09:59 AM ]
posted on August 2, 2005 03:27:28 PM
here you go, getalife.....buy away
---
Consumer Spending Rebounds, Factory Orders Up in June - Good Signs for the Economy
By Jeannine Aversa The Associated Press
Published: Aug 2, 2005
WASHINGTON (AP) -
Consumers rediscovered their appetite for shopping in June, boosting spending by a strong 0.8 percent. It was fresh testament to the economy's momentum as it headed into the third quarter.
The monthly increase in spending, reported by the Commerce Department on Tuesday, came after consumers tightened their belts in May, leaving spending flat.
Consumer spending plays a key role in shaping economic activity and thus is closely watched by Federal Reserve Chairman Alan Greenspan and other economists.
"July is shaping up to be another firm month for spending, though perhaps not quite as explosive in real terms as June," said Steven Stanley, chief economist at RBS Greenwich Capital.
Incomes, the fuel for future spending, [b]grew at a nice clip of 0.5 percent in June, better than the 0.2 percent gain registered in the previous month. The pickup in income growth dovetailed with an improvement in the jobs climate in [b]June, when the unemployment rate fell to 5 percent, a nearly four-year low[b].
Both the increase in incomes and in spending were the largest since April. The spending and income figures are not adjusted for inflation.
Separately, U.S. factories saw orders rise by a solid 1 percent in June, offering more evidence that manufacturing is on solid footing, the department said in a second report. The showing matched economists' forecasts.
The advance, which followed a 3.6 percent jump in May, largely reflected increased demand for "durable" manufactured goods, including machinery, computers, electrical lighting equipment and boats. Demand for "nondurable" goods, including food, paper and plastics products, fell.
On Wall Street, the good economic reports helped to lift stocks. The Dow Jones industrials gained 60.59 points to close at 10,683.74.
The performance in consumer spending and income growth in June was in line with analysts' expectations. Before the release of the report, they were forecasting spending to rise by 0.8 percent and incomes to increase by 0.4 percent.
With spending outpacing income growth, the personal savings rate - savings as a percentage of after-tax income - dropped from 0.4 percent in May to zero in June. That was the worst showing since October 2001, when the savings rate fell into negative territory - posting a 0.2 percent decline, a record low.
Economists, however, cautioned that the picture of savings isn't as bad as it looks. The savings rate doesn't provide a complete picture of household finances because it doesn't capture gains from such things as real estate or financial investments.
High energy prices didn't crimp consumer spending in June.
Consumers boosted spending on big-ticket goods, including cars and appliances, by 2.9 percent, compared with a spending cut of that size in May.
Spending on nondurables such as food and clothes went up by 0.7 percent in June after dipping by 0.2 percent the month before.
Spending on services rose 0.5 percent in June, following a 0.6 percent in May.
Consumers did their part to keep the economy moving ahead at a chipper 3.4 percent pace in the April-to-June quarter as a whole, the government reported last week.
Analysts believe the economy will do even better in the current quarter if businesses replenish inventories.
One of the main forces tempering economic growth in the second quarter was that businesses cut back on inventories. That chopped 2.3 percentage points from economic growth during the second quarter.
Wanting to make sure expanding economic activity and rising energy prices don't fan inflation, Federal Reserve policy-makers are expected to bump up interest rates by another quarter percentage point when they meet next Tuesday.
Such a move would mark the tenth increase of that size since the Fed began to tighten credit in June 2004.
An inflation gauge tied to the consumer spending and income report that is closely monitored by the central bank showed that prices - excluding energy and food - were flat in June and were up 1.9 percent from June last year. That suggested the Fed can stick to its current approach of modest, quarter-point rate increases in the coming months to keep inflation in check.
AP-ES-08-02-05 1732EDT
"Whenever the nation is under attack, from within or without, liberals side with the enemy. This is their essence." --Ann Coulter
And why the American Voters chose to RE-elect President Bush to four more years. YES!!!
posted on August 2, 2005 04:23:15 PM
Yes Bear and Linda_K we all know that the service industry and the rich are getting richer in the U.S. The problem is the middle and working class Americans are getting poorer its called separation of class.
Now you can both bring what you call good news, to the Americans you both call "LAZY" Americans that are standing in unemployment lines.
If anyone is tired of the further separation of class Bush and the republican controlled houses bring. You can vote their AZZ's out of office in 2006.
Or better yet let God help the unemployed through Bear's link to the guy that consults with businesses and ministries utilizing ancient Biblical principles for success in today's marketplace. Then vote the PHONY (Anti-Christian) republican AZZ's out of office in 2006.
If anyone doesn't believe there is a Class War being waged by the republicans. Those people need to contact me because I have a few bridges in Central America to sell Ya. Now with CAFTA in place, these bridges will make a great addition to your financial portfolio.
posted on August 2, 2005 04:45:47 PM
The class war comment reminds me of something I once heard Connie Rice (Liberal commentator and cousin to Condi Rice) say. She said she and her cousin were really working for the same goal - one wanted to narrow the gap between the rich and the poor the other wanted to narrow the gap between the millionaires and the billionaires.
posted on August 2, 2005 06:21:35 PM
cherishedclutter, darn I guess I can't sell you a CAFTA bridge.
We all know a lot but (not the majority of Americans) are doing just fine and making more money than ever. Most of the "I HAVE PEOPLE" are doing everything they can to keep it that way and only that way.
Now that the abortion issue is settled. More middle and working class people will start voting for their own well being. This vote should begin to end the republican class war by voting the "I HAVE" PEOPLE OUT OF OFFICE.
posted on August 2, 2005 06:36:54 PM
Peepa - I have a completely serious question for you... why do you hate people that have money so much? I'm not talking about people that inherited money, I 'm talking about people that got an education, learned a skill set, got experience and excelled to a point where they became wealthy? Why is wealth a bad thing. When you talk about people that have built up large companies or built successful carreers why wouldn't you want those people top move into government? Aren't they the ones that have the experience and knowledge to make things better?
I can understand why you dislike career politicians, but why do you dislike people that are able to create financial success?
~~~ • ~~~ • ~~~ • ~~~ • ~~~
No, I'm saying -- I'm merely -- I'm saying what I'm saying. I don't know why I'm always having people say, are you trying to say -- you know what you can do if you want to know what I'm saying is listen to what I'm saying. What I'm saying is what I said ...
posted on August 2, 2005 07:48:44 PM
fenix03, I don't "hate" anyone. If I have ever used the word "hate" it was by mistake. Whacked out right wing Republicans seem to love to use the "hate" word. I have said before I am not going to play the "hate" game with anyone.
posted on August 2, 2005 07:51:16 PM
OK - I'll give you that. Why do you dislike them so much?
~~~ • ~~~ • ~~~ • ~~~ • ~~~
No, I'm saying -- I'm merely -- I'm saying what I'm saying. I don't know why I'm always having people say, are you trying to say -- you know what you can do if you want to know what I'm saying is listen to what I'm saying. What I'm saying is what I said ...
posted on August 2, 2005 10:00:42 PM
Linda_K: I'm talking about American made products, not what people are buying. What can I buy that is American made besides hamburgers at McDonald's. Sure the stock market is up. Factories that are American owned have moved overseas and are manufacturing goods with fifty cents an hour labor instead of fifteen dollars or more an hour labor. In your cut and paste you mention clothes. Here in my part of the country clothing manufacturers are shutting down and moving out of the country, probably to Central America now that CAFTA has passed. Maybe some items are assembled in the US but the parts were manufactured elsewhere.
I'll even throw in a cut and paste for you that puts this "spending is up and the economy is great" in a different light. And by the way Pat Buchanan is generally considered a conservative.
Using the Clinton playbook for enacting NAFTA in '93, the White House is twisting arms and buying votes to win passage of the Central American Free Trade Agreement.
And the seductive song the White House is singing sounds familiar. It is the NAFTA theme song. CAFTA will ease the social pressures that have produced waves of illegal aliens. CAFTA will increase U.S. exports. CAFTA will not cost U.S. jobs. Fool me once, shame on you. Fool me twice, shame on me.
If Tom DeLay's caucus delivers 200 votes for CAFTA, economic patriots will begin to look outside the GOP for leadership.
In 1993, Republicans, by four to one, signed on to NAFTA. They believed the promises that our $5 billion trade surplus with Mexico would grow and illegal immigration would diminish. They were deceived. The NAFTA skeptics were proven right. The U.S. trade surplus with Mexico vanished overnight. Last year, we ran a $50 billion trade deficit. Since 1993, 15 million illegal aliens have been caught breaking into the United States. Five million made it, and their soaring demands for social services have driven California to bankruptcy. As for Mexico's major exports to us, they appear to be two: narcotics and Mexicans.
With Middle Easterners turning up on the Rio Grande, patriotic Minutemen are patrolling the border because President Bush will not enforce our immigration laws. Who can believe this White House is serious, then, about halting the invasion from the Caribbean and Central America?
It is time for Republicans who represent a Middle America that never wanted NAFTA to tell the White House the old talking points will no longer do. The open-borders, free-trade ideology of Clinton and Bush has run its course and begun to endanger our national existence.
Today, "free trade" is about something other than the simple exchange of goods. Henry Kissinger tipped the Trilateralists' hand in 1993 when he wrote that NAFTA was the "architecture of a new international system," a great "step forward toward the new world order."
Today's trade agreements are about reshaping the world to conform to the demands of transnational corporations that have shed their national identities and loyalties and want to shed their U.S. workers. Tired of contributing to Medicare and Social Security and having to deal with Americans who need health-care and pension benefits, they want to dump them all and hire Asians who will work for $2 an hour.
Trade treaties have become enabling acts by which global companies desert their home countries. CAFTA will enable U.S. firms to shut down factories here, lay off their labor force, and hire Dominicans and Costa Ricans, but retain free access to the U.S. market. They get to fire their American workers – and keep their American consumers. What a deal.
NAFTA and CAFTA are the shield laws of corporate absconders.
What these companies want ultimately is a world government that will protect their absolute freedom to go where they wish and do what they want – the country be damned.
Before Republicans go down to the well of the House and vote for CAFTA, they need to look at what has already happened to America.
Under Bush, 3 million manufacturing jobs have disappeared, one in every six. States like Pennsylvania, Michigan and Illinois – which went for Reagan twice – are gone. A shift of 60,000 votes in the GOP bastion of Ohio, and Kerry would be president.
The U.S. trade deficit in 2005 will exceed $700 billion – 6 percent of our entire economy. We are awash in foreign debt.
With China, our trade deficit last year was $162 billion. Beijing is using its trade surplus to buy U.S. bonds, giving her a giant claim on U.S. interest payments – and to build and buy the ships, planes and missiles needed to fight a naval war off her coast. Wal-Mart is subsidizing China's strategic buildup.
The industries we are losing now are not only textiles, shoes, TVs and toys, but autos, airplanes and computers. We are no longer the self-sufficient nation of 1940 or 1960. Even American sovereignty is being eroded, as the World Trade Organization orders Congress to change U.S. tax and trade laws, and Congress meekly complies.
America can yet turn this around, but we are reaching a tipping point – where a sovereign, independent and self-sufficient American republic will cease to be.
Thirty House Republicans can stop this process cold by just saying no to CAFTA. The Business Roundtable will get over it. After all, they have no place else to go.
This thread is not about CAFTA....we already had one on that. And your article is outdated....the bill PASSED in both Houses.
I take it you're a fan/supporter of or voted for Patrick J. Buchanan in 2000? He's LOST THREE presidential elections.....the last one in 2000 as the candidate from the Reform Party. Maybe those losses tell us that he didn't have enough support from voters for his views. lol
My article was to show our economy is SOUND....strong. What's improving...and by how much. Nothing more....and it certainly wasn't about NAFTA nor CAFTA.
"Whenever the nation is under attack, from within or without, liberals side with the enemy. This is their essence." --Ann Coulter
And why the American Voters chose to RE-elect President Bush to four more years. YES!!!
First you did not answer my main question as to where I can buy American made goods. You merely point out in a cut and paste that people are buying more goods and what types of goods, presumably on credit. You simply changed the subject.
Your assumption is totally incorrect that I am a fan of Patrick Buchanan. I simply happen to agree with him on a few of his opinions, one of which is CAFTA, another being his stand on neocons. I do not walk in lockstep with any one political philosophy unlike some people on this board.
And lastly I know that his essay was written before NAFTA passed but it still has salient facts that apply to this thread, mainly that jobs are leaving the country and going overseas. Buchanan said, "the U.S. trade deficit in 2005 will exceed $700 billion–6 percent of our entire economy.....under Bush, 3 million manufacturing jobs have disappeared, one in every six....the U.S. trade surplus with Mexico vanished overnight. Last year, we ran a $50 billion trade deficit....the industries we are losing now are not only textiles, shoes, TVs and toys, but autos, airplanes and computers. We are no longer the self-sufficient nation of 1940 or 1960...." Saying Buchanan's editorial is outdated is kind of like saying Orwell's 1984 is no longer relevant because it is 2005 and it was published in 1949.
You said, "buy away," but didn't tell me what I could buy that was being made in the US. And that was my point, that things are NOT being manufactured in the UNITED STATES.
posted on August 3, 2005 09:16:17 AM
LOL....so now you want me to give you specific items and specific stores to find what you might be looking to buy, getalife?
Manufacturing jobs have been decreasing for close to 30 -40 years....it didn't just start under this administration nor when NAFTA was passed. I can remember my own Mother being upset about all the Japanese products that were being imported to the US, and not American made. Like some do now about all the items made in China.
We've been turning into a service country since I was a young girl....and I recall reading about the decrease in manufacturing and that we were beginning to turn, job wise, into a 'service', rather than manufacturing country even then.
I think I did address your question:
you asked: Exactly where is this increased manufacturing and where can I find these products.
and I was pointing out what was said about manufacturing:
"[i]Separately, U.S. factories saw orders rise by a solid 1 percent in June, offering more evidence that manufacturing is on solid footing, the department said in a second report. The showing matched economists' forecasts.
The advance, which followed a 3.6 percent jump in May, largely reflected increased demand for "durable" manufactured goods, including machinery, computers, electrical lighting equipment and boats[/i]."
[These would be items manufactured here in the US.]
I mean I am a patriotic American and I'd like to buy some of these products.
So there you go....go buy yourself a boat....and 'get-a-life'.
~~~~~~~~~~~~~~~~~~~~~~~~
"Whenever the nation is under attack, from within or without, liberals side with the enemy. This is their essence." --Ann Coulter
And why the American Voters chose to RE-elect President Bush to four more years. YES!!!
The first two sentences in the "copy paste" that started this thread other than Bear's introduction are as follows:
1)In a little noticed report, the Federal Reserve reveals that U.S. manufacturing output increased 0.9% in June, the biggest improvement in 18 months.
2)That means our total manufacturing output has reached record levels.
These sentences basically set the agenda or topic for the rest of the article which goes on to talk about how much more manufacturing is going on in the US.
So my question was, what are those items and where can I buy those items that might be relevant to my life and those of other Americans that are manufactured in the United States. So far you have neglected to anwser the question.
I don't know your age but you must be young as America was a manufacturing giant in the fifties and into the sixties as I was growing up. We led in cars, tv's appliances, iron production, you name it we led. Every year there was an expectancy that things would be better next year and they were as far as economics went. In the fifties and sixties the phrase "made in Japan" was a synonym (A word or an expression that serves as a figurative or symbolic substitute for another) for junk.
I don't think anyone here is going to argue that manufacturing jobs haven't been decreasing. Are you not getting that for some reason?
My point again is that jobs have been being lost in our manufacturing sector for DECADE'S.....not just since President Bush was elected and re-elected. So...that President Bush is not to blame for all of this. It's been our COUNTRY'S policy for a VERY long time.
Basically what it all boils down to is there have been more supporters of free trade....than those who oppose it....or it wouldn't be like this now. And that it would be our CONGRESS and President's from BOTH sides of the aisle who have voted on/signed the passed bills on ALL the different trade agreements with ALL the countries we do business with.
"Whenever the nation is under attack, from within or without, liberals side with the enemy. This is their essence." --Ann Coulter
And why the American Voters chose to RE-elect President Bush to four more years. YES!!!
posted on August 3, 2005 10:41:22 AM "President Bush is not to blame for all of this"
Broadcasting that nonsense is linda's raison d'etre
If anything happened in a previous century under a different president then, according to linda, the blame does not lie with the current leader.
With that convoluted thought in mind, Bush is responsible for nothing according to lindalogic.
She has lost this argument, getalife but don't expect her to shut up. Your logical replies will only be met by nonsensical comments which generally have no bearing whatsoever on the topic. I've often wondered if she believes that a number of random words on a page, some in upper case letters and some bold are enough to make it appear to some here that she has formulated a reasonable reply.
posted on August 3, 2005 10:51:05 AM
Answer the question Linda_K. I'm asking, what are these products and where can I buy them? You seem to be missing the point or you are just plainly unable to answer the question. And I'm talking about products relevant to my life not yachts.
By the way the 3rd sentence was, "But at the same time, manufacturing employment is dropping, with 1.5 million fewer workers than in November, 2001." So yes I understand that .
You say: "My point again is that jobs have been being lost in our manufacturing sector for DECADE'S.....not just since President Bush was elected and re-elected. So...that President Bush is not to blame for all of this. It's been our COUNTRY'S policy for a VERY long time."
I'm glad you admit that decreasing jobs in the manufacturing sector has "been our COUNTRY'S policy for a VERY long time." Perhaps one of the relevant facts in this is since 1968 Republicans have held the presidency for 12 of those 37 years. On the other hand I find it hard to believe that losing manufacturing jobs should be anyone's policy.
posted on August 3, 2005 10:51:05 AM
LOL...helen....flapping your old jaws again....falsehoods always.
This President SUPPORTED CAFTA. Think everyone's clear on that fact.
Our CONGRESS voted FOR it's passage. Think everyone gets that FACT.
Dems voted for it too....as I've already pointed out.
Yes, it is normal to look back on HISTORY when discussing an issue such as trade agreements. That way we get to see ALL presidents who have supported and passed trade agreements during their administrations.
And it is a FACT that it didn't start with this President.
Anything other than that....is only individual disagreements about free trade.
Our other choice for President this term was kerry....and HE supported free trade agreements....just look to his voting record. clinton's administration passed several trade agreements...including NAFTA and trade with China.
So...be as angry as you wish to be....this President got what he wanted passed....by our Congress...which included democrats.
~~~~~~~~~~~~~~~~~
"Whenever the nation is under attack, from within or without, liberals side with the enemy. This is their essence." --Ann Coulter
And why the American Voters chose to RE-elect President Bush to four more years. YES!!!
[ edited by Linda_K on Aug 3, 2005 10:56 AM ]
posted on August 3, 2005 10:59:20 AM
Hey getalife, I see you got Linda_K to admit that Bush lost jobs for Americans by her saying about Job Lost "that President Bush is not to blame for all of this.." Right Linda_K, Bush and the republican controlled houses are only responsible for jobs lost since he was crowned and then re-elected by lying to the American people.
Every time Linda_K is making a statement these days defending Bush she is getting trumped over and over. Oh well no one can defend this President any longer.
posted on August 3, 2005 11:03:12 AM
Helenjw, I would only hope that simple questions posed would be addressed and they aren't. And I do agree that Bush isn't to blame for anything. One should never blame a puppet for a bad play. One must blame the puppetmasters, Cheney, Wolfowitz, Rumfeld etc.
And I also understand that nothing is ever the fault of the Bush administration. The messenger is always to blame. The messengers being the media, and anyone who speaks against the administration.
posted on August 3, 2005 11:10:46 AM
LOL getalife.....I HAVE answered your question.....because you don't like it....isn't my problem. I think you sound like an educated person who could easily search out your OWN question....since mine doesn't meet with your approval. I'm sure you know what 'durable goods' are....and some of the other areas listed. You COULD pull up the full report yourself if you choose to enlighten yourself on just what exact items they're talking about.
But on the 'things that aren't important to you - or YOU won't use' LOL....it's not all about YOU and what you would buy. Here in our state boat manufacturing is BIG business....for a small industry state. We have tons of fishermen and sporting enthusiasts here....sport/speed boats and all kinds of different boats are manufactured here....because we sit right in between two huge lakes. So it's VERY important to OUR local economy.
It appears you're trying to imply there is NO manufacturing going on in the US anymore. That would be totally incorrect. Your personal lack of knowledge about what items are still being manufactured in the US does not change the facts that there are people employed in that area. The numbers of American's employed in all the manufacturing businesses in America - can be found on the DoL website. If no manufacturing were going on....there'd be no manufacturing jobs....to be watched and reported on.
"Whenever the nation is under attack, from within or without, liberals side with the enemy. This is their essence." --Ann Coulter
And why the American Voters chose to RE-elect President Bush to four more years. YES!!!
posted on August 3, 2005 11:30:59 AM
Linda_K, I live in Panama City, Florida, so I have some idea of what goes on in boat manufacturing, sport fishing, commercial fishing and the interplay between the various interests of the three.
In this area commercial fishing is a dieing industry. There are a lot of high dollar boats manufactured but most locals can't afford $30,000 to $3,000,000 yachts. The area is being trashed by developers most interested in making a dollar. There are probably 50 condominiums under construction and the major supply of labor is Mexican.
Boatbuilding (yachts unaffordable by most people) isn't the topic however. It was used as an example of manufacturing that isn't relevant to most people. I am merely pointing out that manufactured items used in everyday life are coming more and more from foreign countries. About the only thing in WalMart made in American is the sign that says MADE IN AMERICA.
posted on August 3, 2005 11:42:38 AM
getalife - YOU'RE point it out? That was your point?
I think almost everybody in American is aware of the fact that FOR DECADES we have been losing manufacturing jobs. We're turning into a service industry....and there IS job growth in OTHER areas. Things change....and this change has been brought about by BOTH sides of the aisle.....as I have repeated over and over and over. And which I acknowledge at least THREE times before. Didn't 'get' it any of those times?
You don't like it....then write to your representatives and tell them. IF your Senator or House Rep voted FOR CATFA....then vote them out in the next election. You're not going to convince many that the job loses haven't been happening for a VERY LONG time.....not just continuing under this administration. PERIOD!!!
"Whenever the nation is under attack, from within or without, liberals side with the enemy. This is their essence." --Ann Coulter
And why the American Voters chose to RE-elect President Bush to four more years. YES!!!
posted on August 3, 2005 01:59:59 PM
Hey Peepa - Is there some reason you are not answering the question I posed to you?
~~~ • ~~~ • ~~~ • ~~~ • ~~~
No, I'm saying -- I'm merely -- I'm saying what I'm saying. I don't know why I'm always having people say, are you trying to say -- you know what you can do if you want to know what I'm saying is listen to what I'm saying. What I'm saying is what I said ...
posted on August 3, 2005 02:18:05 PM
because he thinks you side with the 'righties' here too often. lol
I think his answer might be something along this line.
I envy those who started with nothing and made something of themselves....or of a business that they worked hard to get off the ground.
I'm jealous that they have accomplished so much in their lives and I haven't been able to do the same....so I resent them all. Damn those 'rich' people who have earned their position in life because of their own brains and hard work. How DARE they.
But he won't because he doesn't want others to see that he's not happy he's only made it to the position he now finds himself in, in his life.....while others have been so much more successful and have earned financial benefits.
His 'glass ceiling' was much lower than others apparently....and he wants those rich people to pay...pay...pay because HE didn't get to their levels. They should hare it with him....spread the wealth they've earned by darn.
"Whenever the nation is under attack, from within or without, liberals side with the enemy. This is their essence." --Ann Coulter
And why the American Voters chose to RE-elect President Bush to four more years. YES!!!
posted on August 3, 2005 03:25:46 PM
Nothing to really debate here. Bear's post is essentially Chapter 1 in any Economics textbook, ie: the Evolution of Economies. Now we realize that many of our liberal posters here think companies should pay somebody $75K to sew together athletic shoes or put on left hand car door mirrors, but in the real world this doesn't happen.
posted on August 5, 2005 11:53:00 AM
The Department of Labor released its Summary of Employment Report today.....here are the stats:
Remember jobs created in:
May = 126,000
June = 166,000 [revised]
and now, today:
Friday, August 5, 2005.
THE EMPLOYMENT SITUATION: JULY 2005
Nonfarm employment grew by 207,000 in July, and the unemployment rate was unchanged at 5.0 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today.
Over the month, payroll employment rose in many service-providing industries.
Unemployment (Household Survey Data)
[Other subject related data]:
In July, there were employment gains in many service-providing industries, including retail trade, professional and technical services, financial activities, food services, and health care. (See table B-1.)
Both the number of unemployed persons, 7.5 million, and the unemployment rate, 5.0 percent, were unchanged in July. A year earlier, the number of unemployed was 8.2 million and the jobless rate was 5.5 percent.
Over the month, the unemployment rates for most major worker groups--adult men (4.3 percent), adult women (4.7 percent), teenagers (16.1 percent), whites (4.3 percent), and Hispanics or Latinos (5.5 percent)--showed little or no change. The jobless rate for blacks declined from 10.3 to 9.5 percent over the month. The unemployment rate for Asians was 5.2 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.)
The latest snapshot from the Labor Department (search) offered strong evidence that the job climate is improving considerably.
Boosts in hiring came in retailing, education and health services, financial activities and construction. But factories shed jobs for the second straight month.
With the labor market improving, the Fed is keeping close watch for signs of inflation, especially any from the compensation front.
Workers' average hourly earnings rose to $16.13 in July. That was 0.4 percent more than the average in June of $16.07. The increase was the most in a year.
"Whenever the nation is under attack, from within or without, liberals side with the enemy. This is their essence." --Ann Coulter
And why the American Voters chose to RE-elect President Bush to four more years. YES!!!
[ edited by Linda_K on Aug 5, 2005 01:26 PM ]
So...that President Bush is not to blame for all of this. It's been our COUNTRY'S policy for a VERY long time.
lol