Say Anything Blog

Funny how you don’t hear main stream media harpies caterwauling about the congressional approval rating the way you do about the President’s.  In fact they seemed to have stopped bashing Bush for this when it was made clear that Congress actually does worse than the President.

C.

And how many employees will all of these “rich” people have to lay off to make up for the extra taxes they are paying eh?

Why not just put that capital into tax free muni’s instead of expanding businesses?

Yep, brilliant Dems, brilliant.

Rob you heartless bastard, don’t you realize they don’t want to raise taxes, but they have to do it, they are forced to do it, they have no choice, because it is ‘for the children.’ Of course, every damn thing they do is for the children, hell when Ted ‘I kill my dates’ Kennedy takes a crap, it is all for the children.

Sadly, I fear there are millions of Americans that will buy the hearts and flowers appeals crap from the Democrats as the reason for the increased taxes and because Bush spent billions killing children at home and abroad, and it will not cost one Democrat in the next election cycle. Cynical? Yep, I am rapidly getting very cynical!

No matter the age or state of health, for a military man it is always glorious to tilt at windmills, rescue a fair Dulcinea and be a gallant knight in armor in a glorious cause.

Oh the glee, oh the glee........Now you guys can blame the recession on the dems.
But the economy was.....robust....roaring....the tax cuts were working.....damn dems.
It’s Clinton’s fault.

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

What a retarded idea.  Take money from the people who have to best capacity to create new wealth.

Democrats are retards.

Mark D: YES! The tax cuts were and are working!

Yes! If a recesssion develops after the Bush tax cuts are riscinded and/or these tax increases take effect, the economic downturn will be the fault of your Leftist pals.

No matter the age or state of health, for a military man it is always glorious to tilt at windmills, rescue a fair Dulcinea and be a gallant knight in armor in a glorious cause.

so Neiman,
in your honest opinion, do you feel the economy is heading up or down?

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

I am not an economic expert, there are many here that have a much greater knowledge of economic theory than I do; so mine is a man of the street viewpoint. That being said, if the tax cuts are left in place, despite the budget deficit and the high war costs, and with costs of government being controlled, I think the economy will continue to boom for many, many years.

No matter the age or state of health, for a military man it is always glorious to tilt at windmills, rescue a fair Dulcinea and be a gallant knight in armor in a glorious cause.

Try this,
Do you feel the economy is better today than it was a year ago?

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

Mark D.: YES! Absolutely!

No matter the age or state of health, for a military man it is always glorious to tilt at windmills, rescue a fair Dulcinea and be a gallant knight in armor in a glorious cause.

Unemployment’s pretty much the same.

There are over a million more people working.
Hourly earnings look good.
Productivity Rocks!
There’s a sale at Penny’s.

What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.

Oh, now you mention the sale at Penney’s and I’ll have to worry and wait until tomorrow to get over there and buy sweat socks in bulk! Thanks!

No matter the age or state of health, for a military man it is always glorious to tilt at windmills, rescue a fair Dulcinea and be a gallant knight in armor in a glorious cause.

The best economic indicator in the US.....bulk sweat socks are still a bargain at Penney’s.

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

When you make campaign promises to end the war and then when it comes down to it, you chicken out and let one little rich jerk from Texas push you around, people aren’t going to think too much of you. Cowards.

Politicians fail the IQ test again!!!

Americans care about their jobs, not the isolated possibility that they will die at the hands of a Muslim extremist.

Do Americans themselves understand what they need to do in order to make our nation more competitive?  In most cases, not.  All Americans must wake up to what we need to do in order to bring competitiveness and productivity back to our corporate operations.

It’s not too late.

http://www.amazon.com/Easy-Out-Corporate-Addiction-Outsourcing/dp/0313345023/ref=pd_bbs_sr_1/002-6485868-0284055?ie=UTF8&s=books&qid=1193437996&sr=8-1

I am trying to understand Mark’s question.  So here is my answer:

For the 1.3M+ people that have jobs now that didn’t last year, yes the economy is better.  For the Americans that have any investment at all in 401k’s, stocks, or mutual funds that have seen the S&P 500 increase by almost 15% in the last 12 months… yes.  And both of these things are reflected in growth in tax revenues at the Federal and State levels.

With the problems with Real Estate prices, there is no easy fix.  And most folks with any real money are sitting on the sidelines and keeping their money out of REITS.  Folks that have property bought on Spec are in deep crap.  Those are the breaks.

With the dividend tax cuts set to expire, the corporate tax rate sure to climb along with windfall profits taxes on some businesses, and with income taxes for the top tax bracket going through the roof, where does the smart investment money go?  Where will the economic growth come from?  Manufacturing already hurt by higher costs, taxes, and a weak dollar?  Home building hurt by investors being scared off by the Dems raising taxes on Capital Gains?  Stocks hurt by slowing earnings growth and hampered by dividend tax rate increases?

What is your answer Mark?  Raise taxes?  Is there an economic problem occuring or not?  If you are saying the economy is going into the shitter, is your answer to raise taxes?  Or is the economy doing great so it makes sense to raise taxes now? 

Are you advocating raising taxes despite the fact that the economy is slowing and the dollar is falling?  Our economy isn’t in a recession right now.  We need taxes lowered on corporate earnings to improve our competitiveness and decrease the trade deficit to strengthen the dollar.  We need lower capital gains taxes to encourage investment that creates jobs.  And we need lower dividend taxes to decrease the double taxation effect on investment money.

IAP - Americans care about their jobs, not the isolated possibility that they will die at the hands of a Muslim extremist.

And then there are the rest of us who aren’t one track thinkers.

We’re Americans as well. Plus don’t attempt to speak for us. Many Americans do care about the “isolated possibility” of an Islamic led war. History tells us that we would be remiss not to be concerned about the threat.

Justin

My point as I have mentioned before is, you boys babble of how the tax cuts created this super robust economy, while my position is the economy grew due to lowering the interest rates more than tax cuts and that is why we are heading(already started) for a recession while tax cuts are still in place.
I have no problem with cutting taxes so long as spending is cut.
Federal and state revenues are in decline and will continue due to a slowing economy.

If tax cuts will ward off a recession then why did Ben lower interest rates knowing it will create inflation when all dubya would have to do is cut taxes and pass the debt onto our kids?

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

Calling Captain Obvious.

He’s lowering the interest rates because he raised them too much.

What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.

Federal and state revenues are in decline and will continue due to a slowing economy.

Fact: The “slowing” economy grew at a 3.9% annual rate last quarter.

If tax cuts will ward off a recession…

False premise; tax rate reductions stimulate economic growth by leaving more money in the private(productive) sector.  Recessions are caused by govt taxation and regulation, which distorts markets and prevents them from growing.

If life doesn’t begin at conception, why do they call it birth control?

3Q2007 GDP Growth Rate - 3.9%

Not quite sure that we are heading for a recession.

Now, I can understand your point that it was not simply the tax cuts that caused the economic growth, if at least you are willing to concede that the last 5 years have been a period of extensive and rapid growth since 2003 and if we assume for sake of argument that it is merely coincidence not causality that the tax cuts coincide with the beginning of the period of robust growth.

So the question posed to you which of the following effects is does raising the tax rates have on future economic growth from here:

A. Increase growth rates because businesses are already too competitive with the rest of the world and higher taxes will encourage new investment in business and job creation.
B.  Neutral because economic growth has nothing to do with tax rates.
C.  It will slow down economic growth, despite the fact that Mark claims we are headed into a recession.  It will ensure that we head into a recession, instead of just having Mark claim we are.

Interest rates are only part of the picture and interest rates have been steadily rising for the last four years.  Yet the economy has continued to grow. 

I am a small businessman and if tax rates rise, it effects me more than anyone.  I am already dealing with a 20% rise in labor costs because of the minimum wage.  Higher taxes take money out of my pocket.  Why deal with the hassles of owning and running a business if the government is going to dictate my labor costs will increase by 20% and then raise my marginal tax rates to 50%?  And it isn’t just me.  It is all small businesses.  And if you take money out of my wallet to give to minimum wage employees and to the government, that takes away my investment capital.  I am already robbing my 401k for startup funds.  Oh, yeah, and there is a major credit crunch because of subprime mortgages and a general feeling by investors that the economic climate is on the downturn, not because of a recession, but because of the Democrats wanting to raise taxes.  Tax increase strike fear and panic into the market.  Our capital flees to other countries where investment capital earns a better ROI.

The equation comes down to something like this.  You have $100,000 extra right now.  You could invest the money or buy a new mercedes.

If you invest it you might earn $7,000 of which the various levels of government take say more than half (Rangel numbers).  So you get $2,500 a year in income with your investment.

Or you get a new Mercedes.

Which would you do?

What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.

Incidentally the first few years of the high taxes actually look pretty good because people are spending lots of money. 

However in the not so long run the economy starves because of a lack of new investment.

What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.

I have no problem with cutting taxes so long as spending is cut. Federal and state revenues are in decline and will continue due to a slowing economy.

If tax cuts will ward off a recession then why did Ben lower interest rates knowing it will create inflation when all dubya would have to do is cut taxes and pass the debt onto our kids?

Because core inflation is under 3%.

We have the Walmart effect that keeps inflation down because of constant improvements in the efficiency of the market at delivering goods.  The only real inflation is in energy costs due to higher oil prices and raising or lowering interest rates cannot do anything about that.

And because the deficit has been cut by over 60% in the last three years due to higher revenues, despite the tax cuts.

I am not sure I follow the circular logic of increasing taxes to deal with a problem of revenues increasing.  If you want to fix the deficit, fix entitlements.

I want a robust economy with consistent growth, manageable inflation, available business capital.  This provides class mobility for folks like me to escape the middle class and move into the upper middle class.  This provides jobs at all levels of the economy.  This fully funds my 401k and provides me with a REAL RETIREMENT, not a piss poor government allowance when I turn 67.  Fix entitlements first.  Cut spending.  Lower taxes.  Make government more efficient.

The Dems offer Socialized Medicine, higher taxes, higher wages which leads to higher inflation.  And all of these things will lead to larger deficits.  You cannot knock Bush’s answer when the alternative is so much worse.  It is clear that things are working and have worked.  All you are doing is predicting the economy will slow down into a recession despite solid evidence to the contrary, but Dems have said this since 2004.  And they denied that the economy was growing even then.  And now, three years later, all their doomsday scenarios that were proven wrong then are still being repeated by you Mark.  What has changed?

Federal and state revenues are in decline and will continue due to a slowing economy.

Where do you come up with these figures.  Please show me some objective evidence of that.  All of the evidence is complete to the contrary.

Well fist off, the 3.9% GDP was due to the .8% deflator, the difference between current dollar GDP and real GDP. Do you really think inflation in the 3Q2007 was at a 40 year low? Too bad no one mention that when jumping up and down how robust the economy grew.
The real GDP should be more like 2%
Todays reports (PCE, Auto Sales etc) show how things have slowed and is not what the GDP numbers showed.

The deflator is a measure of inflation
Here are the Current Dollar GDP and Real GDP
The difference is the deflator

2000q1 4.7 1.0
2000q2 8.3 6.4
2000q3 1.6 -0.5
2000q4 3.8 2.1
2001q1 2.8 -0.5
2001q2 4.4 1.2
2001q3 0.2 -1.4
2001q4 3.6 1.6
2002q1 4.3 2.7
2002q2 3.7 2.2
2002q3 3.9 2.4
2002q4 2.4 0.2
2003q1 4.4 1.2
2003q2 4.8 3.5
2003q3 9.7 7.5
2003q4 4.9 2.7
2004q1 6.8 3.0
2004q2 7.4 3.5
2004q3 6.0 3.6
2004q4 5.9 2.5
2005q1 7.1 3.1
2005q2 5.5 2.8
2005q3 8.1 4.5
2005q4 4.8 1.2
2006q1 8.4 4.8
2006q2 6.0 2.4
2006q3 3.4 1.1
2006q4 3.8 2.1
2007q1 4.9 0.6
2007q2 6.6 3.8
2007q3 4.7 3.9

Rex Nutting explains......

MarketWatch article on the GDP

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

Justin
I have been reading for the past few months how the revenues lost due to the housing are taking it’s toll.

A few links....
I don’t have time to search right now.

Mish’s Global Economic Blog

MarketWatch

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

I have been reading for the past few months how the revenues lost due to the housing are taking it’s toll.

Those revenues aren’t “lost”; they are simply being redirected into more profitable uses.  Duh.

If life doesn’t begin at conception, why do they call it birth control?

I’m amazed how rapped up you get about short term market fluctuations.  If you had any investments in the market (do you?) you would know that short term market movements mean almost nothing (unless you’re playing the short markets) but are good fodder for media scare tactics, tactics that you seem to relish.

It’s Holloween time.  BOO!!

You don’t have to be a moron to be a liberal Democrat but it sure helps.

r108

Those revenues aren’t “lost”; they are simply being redirected into more profitable uses.  Duh.

You are always good for a chuckle.
Do you think before you type?

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

http://www.ustreas.gov/press/releases/hp603.htm

Overall, receipts in FY 2007 were 6.7 percent higher than in FY 2006, marking the third consecutive year in which receipt growth outpaced growth in GDP.  Receipts rose from 18.5 percent of GDP in FY 2006 to 18.8 percent of GDP in FY 2007.  This level of receipts is above the 40-year historical average of 18.3 percent.

Not quite sure what you are getting at here.  Tax receipts as a percentage of GDP are at an all time high and tax revenues grew at almost twice the rate of inflation and GDP growth.

Are you sure you are talking the same numbers or is there some more reliable source than the Treasury on tax receipts?

sorry, not an all time high.  Just well above the historical average.

You are always good for a chuckle.

When the Superior Man hears economic truth, he immediately puts it into practice;
When the middling man hears economic truth, he wants to know more about it;
When the fool hears economic truth, he chuckles; if he did not chuckle, it wouldn’t be the economic truth.

If life doesn’t begin at conception, why do they call it birth control?

Just heard on the news that foreclosures are double over what they were a year ago.  Panic!!!
Oh, there is now one forclosure for every 196 mortgages; 0.5%...not such a big problem.
Managing the news.  You just have to ignore the screaming headlines and go for the truth.

If life doesn’t begin at conception, why do they call it birth control?

r108

Those revenues aren’t “lost”; they are simply being redirected into more profitable uses.  Duh.

Then please explain that when a consumer slows down on their purchases at the mall and puts off buying a new car and decides not to upgrade to a bigger house due to lack of easy cheap credit, and the possibility of receiving a pink slip at anytime, and revenues from sales tax and transfer/property tax decline(lost), where are they redirected too if that person doesn’t or can’t borrow the money?

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

Is this your personal experience, Mark, or is it something you just made up?
To make it simple for you: If you don’t spend your money on one thing, you either spend it on something else, save it or invest it.  That wasn’t so hard, was it?
I have never been in favor of residential housing as a major investment; it’s good to secure your home, if you are in a position to afford it, but trying to use residential housing as a productive use of ones money is a bad idea, and going beyond your means to do it is simply bad management.  The subprime market simply robbed the rental market, which reduced return on those solvent investors with rental properties.  That’s only one small part of the problem, but you might take a hint from it.

If life doesn’t begin at conception, why do they call it birth control?

Then please explain that when a consumer slows down on their purchases at the mall and puts off buying a new car and decides not to upgrade to a bigger house due to lack of easy cheap credit, and the possibility of receiving a pink slip at anytime, and revenues from sales tax and transfer/property tax decline(lost), where are they redirected too if that person doesn’t or can’t borrow the money?

http://money.cnn.com/2007/10/05/news/economy/jobs_september/

Job growth was back on track in September, according to a government report that showed a rebound in hiring by U.S. employers and revised away an earlier job loss that had triggered alarms about the economy.  U.S. payrolls posted a net gain of 110,000 workers in September, the Labor Department said. That’s roughly in line with the forecast of a 100,000 gain by economists surveyed by Briefing.com.  The September jobs report revised away the previously reported August job loss that had preceded the Fed’s first rate cut in four years.  The Labor Department also now estimates that August had a gain of 89,000 jobs, a big upward revision from the originally reported 4,000 job loss in August.

http://www.bloomberg.com/apps/news?pid=20601103&sid=aVgdiS6KyGxo&refer=news

Adjusted for prices, spending rose 0.1 percent in September, the smallest gain since June, after a 0.6 percent increase the prior month, the report showed. Because the increase in spending was smaller than the gain in incomes, the savings rate rose to 0.9 percent, from 0.8 percent in August.

Disposable income, or money left over after taxes, increased 0.4 percent after a 0.5 percent gain.

Inflation-adjusted spending on durable goods, such as autos, furniture and other long-lasting items, rose 0.4 percent and purchases of non-durable goods increased 0.3 percent. Spending on services, which includes utilities and accounts for almost 60 percent of all outlays, dropped 0.1 percent, the first decline since May.

Spending grew at a 3 percent annual rate last quarter, helping economic growth accelerate, the government said yesterday. Purchases probably will grow at a 2.1 percent annual rate this quarter, economists surveyed by Bloomberg News said last month.

What Mark is trying to say that a 2.1% gain is not as big as a 3% gain, therefore consumer spending is not growing.

And a 100,000 job creation number is not as good as a 200,000 job creation number therefore you better expect a pink slip in your box at work.

So r108, did they foreclose on the homes coz the owners have the money but decided to spend it on something else, or saved or invested it?
No, they are being foreclosed coz they bought a home they can’t afford (ask Bat One, he sells them) and now they will have to cut back on consumer spending which will result in a decline in tax revenue that will not be redirected.
As far as rental property, rents always follow real estate.

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

Justin

The Labor Department also now estimates that August had a gain of 89,000 jobs, a big upward revision from the originally reported 4,000 job loss in August.

How many of these jobs in the August revision where government jobs?

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

So r108, did they foreclose on the homes coz the owners have the money but decided to spend it on something else, or saved or invested it? Of course not, but that wasn’t what I said. The investment money now flowing out of the subprime market is flowing to where it will get a good return. You jump back and forth from the macro level to the micro level, which is just a way to find something negative somewhere.
No, they are being foreclosed coz they bought a home they can’t afford (ask Bat One, he sells them) and now they will have to cut back on consumer spending which will result in a decline in tax revenue that will not be redirected. A decline in tax revenue is a good thing, not a bad thing.  Govt takes way too much.
As far as rental property, rents always follow real estate. Wrong again.  The people who moved out of rentals into ownership without the means to do so will now have to move back into the rental market.  Duh. I repeat, those who invested soundly and who manage both their investments and their properties well will be rewarded as money flows into the rental market again.  It’s not rocket science.

If life doesn’t begin at conception, why do they call it birth control?

Did you ask that because you wanted me to look it up for you or did you ask that to make a point or in reality, did you ask that to simply distract the argument away from the reality that job creation was at 110,000 for September?  You are making yourself look like a horses ass to spout off your bullshit that is so easily refuted.  You are wasting our time by throwing shit at the wall to see what sticks, but I will humor you with posting the job creation numbers from the BLS.

http://www.bls.gov/news.release/empsit.nr0.htm

In September, total payroll employment rose by 110,000 to 138.3 million, seasonally adjusted.  From June to September, employment growth averaged 90,000 per month; during the first 5 months of 2007, average growth was 147,000 per month.  In September, several service-providing industries gained jobs, while manufacturing and construction employment continued to decline. 
(See table B-1.)

Health care employment continued to expand in September (33,000), with job gains in ambulatory services and in hospitals.  Over the year, health care added 396,000 jobs.  Employment in social assistance increased by 12,000 in September and by 98,000 over the year.

Employment in food services and drinking places increased by 25,000 in September.  This industry has added 355,000 jobs over the year.

Within professional and technical services, job gains occurred in September in accounting and bookkeeping services (10,000) and in management and technical consulting services (10,000).  Job losses continued in employment services (-35,000); this industry has lost 203,000 jobs since its recent peak in December 2006.

In retail trade, building material and garden supply stores lost 17,000 jobs over the month.  Financial activities employment edged down in September. Despite a gain of 6,000 jobs in commercial banks, credit intermediation lost 12,000 jobs over the month.  Since February, employment in credit intermediation has fallen by 46,000.

Manufacturing employment decreased by 18,000 in September.  Over the year, manufacturing lost 223,000 jobs.  In construction, residential specialty trade contractors shed 15,000 jobs over the month and 160,000 since February 2006.

I will ask again
How many of these jobs in the August revision where government jobs?
Please look up how many of the revised August number were government jobs.

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

I will ask again How many of these jobs in the August revision where government jobs?
Please look up how many of the revised August number were government jobs.

What’s your point, Mark?  I thought you lefties want everyone to work for the govt.  You should be enthusiastic about this economy, if your fantasies were actually true.

If life doesn’t begin at conception, why do they call it birth control?

r018

Wrong again.  The people who moved out of rentals into ownership without the means to do so will now have to move back into the rental market

Even with all those empty condos? How will they be able to afford high rents when they couldn’t afford a mortgage?
There are plenty of empty condos and they are still building more that will enter the rental market as the developers give up and take them off the market and that will lead to a pricing war for rental property owners. 
What happens in many cases is they move in with someone else, move back home with mom and dad or find an apartment. If they lost their home it’s usually due to a debt load that will take time to straighten out so they look for the most economically feasible situation.
Also as the economy declines many single renters move back home or take in roommates making more units available to rent.
Rents follows real estate. Rents go up when real estate goes up, and rents come down when real estate comes down.

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

Even with all those empty condos? How will they be able to afford high rents when they couldn’t afford a mortgage?
There are plenty of empty condos and they are still building more that will enter the rental market as the developers give up and take them off the market and that will lead to a pricing war for rental property owners.

Your profound ignorance of fundamental economic principles continues to amaze me, Mark.  Excess supply brings down prices.  Duh.  It is better for economic growth for the majority of investment to be made in the business sector, not the residential housing market.  Govt regulation has once again produced market distortion, with the resulting adjustment period to follow.  It’s just one sector of a market that is a fairly small part of the overall economy.

If life doesn’t begin at conception, why do they call it birth control?

r108

Excess supply brings down prices

Hmmmmmm....  Rents will come down due to “Excess supply brings down prices”
OK...I got it now.... Rent follows real estate.

Govt regulation has once again produced market distortion, with the resulting adjustment period to follow

Yeah...damn Greenscam......lowering those interest rates down to a 40 year low so banks and mortgage companies could make a shitload of money by lending money on risky stuff and then makin poor shareholders take the fall as they run and cash out and head for the hills.

It’s just one sector of a market that is a fairly small part of the overall economy.

Oh that’s right....I remember Benanke & Co. saying how it is contained.
It sure is a big small part of the economy though.

SAN FRANCISCO (MarketWatch)—Bond insurers slumped on Thursday amid concern that they may be hobbled by rising defaults on subprime mortgages and downgrades of the asset-backed securities tied to those loans.

It’s all them damn subprime loans that Bat One is selling.

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

Mark: Your ignorance and arrogance continues to amaze.
Here’s some more scareology for you: Foreclosure rates have “skyrocketed”, doubling since last year.  Of course, since the foreclosure rate is now 1 for ever 196 mortgages, it’s still only 0.5%.  Let’s all panic!
/sarcasm

If life doesn’t begin at conception, why do they call it birth control?

57,000.  That must be some kind of conspiracy… wait, August is when teachers go back to work. 

From September 2006 to September 2007, net government employment at all levels increased from 22,076,000 to 22,304,000 or a net change of 228,000.  That is a roughly 1% increase in total employment in that sector. If you check the total BLS statistics, that is actually under the 1.2% growth in payroll of all sectors meaning that government job creation is actually decreasing as a percentage of the total workforce.

But of course, you knew that didn’t you?  Or were you just looking at the 57,000 more government jobs created in August instead of year over year increases which smooths out seasonal fluctuations?

Federal government employment actually shrank by .8% during that time.  All of the job growth was created at the state and local level, with over half of that coming in the education sector.  So net is that all of the government job growth was at the state level and most of that was in education.

VAST.  RIGHT.  WING.  CONSPIRACY.  To use federal dollars to create federal government jobs so that the jobs numbers look better so that Bush can be Hitler.

I will ask again How many of these jobs in the August revision where government jobs?
Please look up how many of the revised August number were government jobs.

Did I answer that question for you or do you want to ask again?

Did you ask that because you wanted me to look it up for you or did you ask that to make a point or in reality, did you ask that to simply distract the argument away from the reality that job creation was at 110,000 for September?

Will you answer my question?

Justin
Ya got me.

did you ask that to simply distract the argument away from the reality that job creation was at 110,000 for September?

Yup of the 110,000 jobs created in September, a whopping 37,000 were government jobs. That means a mere 73,000 private sector jobs were created.

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

Government added 36,000 useless workers.

The usual leftie love for taxation and growth of govt is only for when the Dems do it.  What hypocrisy!

If life doesn’t begin at conception, why do they call it birth control?