Wow, look! Good Economic News!

[JazzManJim]

Today, the Dow Jones jumped 144 points and the NASDAQ Composite was up 50 points. THE S&P 500 was up 24 points and has gained 16 percent since its low in early October. The gains were spurred by the news that consumer spending, a leading econimic indicator had risen .7 percent. That may not seem like a big jump, but consider that the experts predicted only a .3 percent jump. Consumer spending accounts for about 2/3 of the US economy, so this jump is a very good sign.

Jobless claims dropped 8,000 this week to 388,000. The four-week moving index of jobless claims also dropped below 400,000 for the first time in ten weeks.

These are all signs that the economy is still righting itself from the wallop it took over a year ago.

You'd normally not hear this, because, as so often happens, the bad news gets posted loudly and shilly by a certain poster. I won't mention this person except to say that his name is in all caps and involves a color. I can't help but notice his silence in not saying anything about this thus far.

 

[70/30]

Hey, genius. Maybe it has something to do with something Saddam said recently. Really, I'm waiting for people to fully compliment GWB on his handling of the situation, "Negotiation through Force". Anyone that believes he would have gone to the UN without DEMo pressure needs to get the chip out of their brain.

 

[nike]

Jim! So great see you, it seems like forever. *huggles* How ya been?

 

[greybeard]

it's an Ayn Rand thing...........

this does seem like a "soft spot" to me.........of course I'm still working........and saddam still pulls the strings...............

greybeard

 

[JazzManJim]

I"m doing well, hon. How are thigns with you??

 

[teddybear4play]

Hey, genius. Maybe it has something to do with something Saddam said recently. Really, I'm waiting for people to fully compliment GWB on his handling of the situation, "Negotiation through Force". Anyone that believes he would have gone to the UN without DEMo pressure needs to get the chip out of their brain.

What's your point?

So he went to the U.N. Won't change anything. Saddam will still dick with us, and there will still be a war.

In fact, in his letter accepting UNSC 1441, he was upset that the U.S. didn't deal with it unilaterally, but rather supposedly bullied the rest of the world.

So to him, multilateralism was irrelevant.

TB4p

 

[70/30]

Who cares what Saddam wanted? He would have had more support from the Muslim world and could have seriously fucked Israel up. CONs have maintained Saddam was bloodthirsty and insane from the onset, his statement about wanting a unilateral US attack seems to concur. When speaking of the Stock Markets, give credit to DEMs, Europe, China (even NK's lame attempt) for greatly helping to prevent absolute chaos and economic disaster.