Yesterday after Pookie told me how damn bad the economy was...

[SIN'til8?]

I heard on the news that our trade deficit shrank as we exported a record number of goods and services overseas...

Tell me Pookie, "How DID we do that after having lost MILLIONS of jobs that haven't been replaced?"

You workin' two jobs?

 

[woody54]

I heard on the news that our trade deficit shrank as we exported a record number of goods and services overseas...

Tell me Pookie, "How DID we do that after having lost MILLIONS of jobs that haven't been replaced?"

You workin' two jobs?

I thought Halliburton was the biggest contributor there and their tax havens dont promote trickle down.
War is such a profitable business and the Patridiots are so willing to sell their grandchildrens heritage to finance the short term, deranged war games of that Texas cabbage purporting to be your leader.

 

[Sinful Minx]

Re: Re: Yesterday after Pookie told me how damn bad the economy was...

I thought Halliburton was the biggest contributor there and their tax havens dont promote trickle down.
War is such a profitable business and the Patridiots are so willing to sell their grandchildrens heritage to finance the short term, deranged war games of that Texas cabbage purporting to be your leader.

not that I agree/disagree with you but i'm lol@texas cabbage

 

[SIN'til8?]

Oh, I see.

The WAR dividend!

You give us no good reason then to chose peace Woody since it is obviously a loss-leader...

 

[woody54]

Re: Re: Re: Yesterday after Pookie told me how damn bad the economy was...

not that I agree/disagree with you but i'm lol@texas cabbage

 

[RobDownSouth]

I heard on the news that our trade deficit shrank as we exported a record number of goods and services overseas...

Tell me Pookie, "How DID we do that after having lost MILLIONS of jobs that haven't been replaced?"

You workin' two jobs?

LOL, great spin, m'boy.

The trade deficit shrank at a good clip last month, not because we were "exporting a record number of goods and services overseas" as you claim, but rather because the price of imported oil dropped a bit.

It's also worth remembering that the trade deficit hit its ALL TIME HIGH last month ($48 billion dollars) thanks in part to the mismanagement of the economy by President Bunnypants.

And if you factor out oil from the equation (just for fun, you really shouldn't), the trade deficit is growing at an alarming 10 percent pace.

 

[woody54]

Oh, I see.

The WAR dividend!

You give us no good reason then to chose peace Woody since it is obviously a loss-leader...

Peace is an ecomonic disaster, it will never happen. It aint capitalism and hence ain't 'merikan.

Much better to redistrubute the wealth higher up the money tree with overseas borrowing to be paid for by the average Joe who thinks its the right thing and doesnt realise he is being fleeced.

 

[woody54]

Re: Re: Yesterday after Pookie told me how damn bad the economy was...

LOL, great spin, m'boy.

The trade deficit shrank at a good clip last month, not because we were "exporting a record number of goods and services overseas" as you claim, but rather because the price of imported oil dropped a bit.

It's also worth remembering that the trade deficit hit its ALL TIME HIGH last month ($48 billion dollars) thanks in part to the mismanagement of the economy by President Bunnypants.

And if you factor out oil from the equation (just for fun, you really shouldn't), the trade deficit is growing at an alarming 10 percent pace.

President Bunnypants, Hahahahahaha

Is this a name calling competition on the side

 

[SIN'til8?]

There is no thing as a deficit in the long-run Throb...

Look at Japan.

We used to have a huge-ass trade deficit with them back in the 50's and 60's when they were the source of all our cheap shit! That imbalance of trade enriched them, raised their standard of living and made them wealthier.

Then we took them to the cleaners on over-priced land and forced them to operate factories here when their population demanded higher wages.

Think of is as a Social Progam for the world that actually makes us stronger (and it wasn't just falling oil prices because they fell only briefly in case you hadn't noticed, high prices, which btw is what your party has been wanting for the longest time are here to stay unless we find more here...).

Now, according to the Association of Manufacturers, we have gained more jobs than we lost, but unlike the Labor Department stats, they count NEW businesses...

Now, are you willing to bet that the deficit will not continue to shrink, but to go up?

 

[SIN'til8?]

Cackle you Jackyl...

Reuters
U.S. Trade Gap Falls Unexpectedly
Tuesday July 13, 5:59 pm ET
By Doug Palmer

WASHINGTON (Reuters) - The U.S. trade deficit narrowed unexpectedly in May as stronger growth by U.S. trading partners and the weak dollar helped propel exports to record levels, according to government data on Tuesday.

The May deficit totaled $46.0 billion, well below a median estimate of $48.3 billion from Wall Street analysts surveyed before the report.

Analysts said the smaller-than-expected trade deficit will likely boost second-quarter U.S. economic growth. Meanwhile, a trio of other reports painted a mixed picture of consumer spending trends, a key driver of the U.S. economy.

The trade gap narrowed for the first time in six months despite the highest prices for imported oil in nearly 22 years, which helped push overall imports to a record high as well.

Jim Glassman, senior economist with J.P. Morgan Securities in New York, said the trade report should prompt forecasters to raise estimates of second-quarter growth by "a half a point or so," depending on the June trade numbers.

Gross domestic product growth was 3.9 percent in the first quarter, and second-quarter estimates from analysts appeared to converge near 4 percent after Tuesday's data.

EXPORT BOOM

U.S. exports jumped nearly 3.0 percent to a record $97.1 billion in May, as overseas companies stepped up purchases of capital goods and industrial materials ranging from civilian aircraft and industrial engines to computers and drilling equipment. Exports of autos and parts also set a record.

The data boosted the dollar against other major currencies and pushed gold prices lower. Treasury bond prices eased on expectations for stronger economic growth.

The stock market ended little changed, as investors sorted through a mixed bag of corporate earnings.

Strong U.S. consumer demand sucked in record levels of auto and auto parts imports and also sent imports of food, beverages and animal feeds to a new high.

A separate report showed consumers are increasingly optimistic about the U.S. economy.

Investor's Business Daily and TechnoMetrica Market Intelligence said their economic optimism index rose in July to 57.3 from 52.8 in June. A reading above 50 indicates optimism.

The six-month outlook -- how consumers feel about the economy's potential in the next half year -- gained 4.9 points to 57.1.

The gauge is based on more than 1,000 interviews during the first week of July, and foreshadows the widely watched University of Michigan survey -- due Friday -- along with the Conference Board's consumer sentiment index.

But two other reports on Tuesday showed U.S. chain store sales were anemic last week, as unseasonable weather cooled demand for summertime items.

Sales growth remained steady last week, compared with the 0.9 percent increase in the previous week, the International Council of Shopping Centers and UBS said in a joint report.

But compared with the same week a year ago, sales increased 3.4 percent, slowing sharply from the 4.4 percent growth pace of the preceding week, the survey found.

A second report by Redbook Research showed sales at major retailers slipped 0.5 percent so far in July compared with all of June.

PERFECT STORM

The dollar's weakness in recent years has fueled a rebound in exports from a low of $77.0 billion in September 2001.

"The perfect storm of an overvalued dollar and sluggish world demand that significantly eroded our exports has largely passed," Jerry Jasinowski, president of the National Association of Manufacturers, said in a statement. "(The report) shows clearly that the export recovery is gaining significant momentum."
The steady export growth is also an indication that other major economies are doing better, analysts said.

"You're looking at a ... picture of global activity. We know U.S. growth is strong, the economy's rebounding," Glassman said. "Rising exports are a good sign trading partners (are) moving ahead as well."

Despite the smaller monthly trade gap, the deficit remained on track to surpass last year's record of $496.5 billion. In the first five months of this year, the trade gap soared to $231.0 billion from $208.7 billion the same period last year.

U.S. imports increased fractionally in May to a record $143.1 billion, aided by a record $10.5 billion oil import bill. U.S. imports from OPEC countries hit a record $7.4 billion and the trade gap reached a record $5.6 billion.

 

[SIN'til8?]

To a liberal, be it war, peace, or the economy, oil is ALAWYS their first answer…

 

[SIN'til8?]

"The trade gap narrowed for the first time in six months despite the highest prices for imported oil in nearly 22 years, which helped push overall imports to a record high as well. "

 

[SIN'til8?]

"despite the highest prices "

 

[SIN'til8?]

Re: Re: Yesterday after Pookie told me how damn bad the economy was...

LOL, great spin, m'boy.

The trade deficit shrank at a good clip last month, not because we were "exporting a record number of goods and services overseas" as you claim, but rather because the price of imported oil dropped a bit.

 

[SIN'til8?]

 

[SIN'til8?]

Bye Throb...

Gee, that was easy.

NEXT!

 

[SIN'til8?]

Not unlike the climate, the economy is a chaotic system Pookie. And not unlike CO2 emmissions, one cannot simply pull out ONE stat and present it as the STATE of the economy or even AN indicator...

You will need probably a dozen sets of negative stats to counter my positive indicators and the above remarks from the people who make and count the jobs as well as the comments of the people who make their living paying attention to the economy outside of political argument.

Have a nice day doing research. Like I said, you're gonna have to look high, low, long and hard to build a case for electing Kerry based upon the disaster of tax-cuts.

 

[SIN'til8?]

It's the economy...





STUPID!

 

[Pookie]

... Despite the smaller monthly trade gap, the deficit remained on track to surpass last year's record of $496.5 billion. In the first five months of this year, the trade gap soared to $231.0 billion from $208.7 billion the same period last year.

U.S. imports increased fractionally in May to a record $143.1 billion, aided by a record $10.5 billion oil import bill. U.S. imports from OPEC countries hit a record $7.4 billion and the trade gap reached a record $5.6 billion.

The devil is in the details. But thanks for providing them!

 

[Pookie]

It's the economy...





STUPID!

Yes, it is.

The growth rate for the first quarter was recently revised downward, to an annualized 3.9 percent from 4.4 percent, after the Commerce Department factored in a larger-than-expected trade deficit. Factory orders fell in May for the second straight month, led by declining auto sales. Consumer spending, the economy's biggest engine, may be slowing, too, according to many retailers. Both Wal-Mart and Target warned last week that June sales will be weaker than previously expected.

http://www.usnews.com/usnews/biztech/articles/040712/12fed.htm

 

[Pookie]

one cannot simply pull out ONE stat and present it as the STATE of the economy or even AN indicator...

You will need probably a dozen sets of negative stats to counter my positive indicators and the above remarks from the people who make and count the jobs as well as the comments of the people who make their living paying attention to the economy outside of political argument.

"The June reading of the Chicago Purchasing Managers Index came in at 56.4, a steep decline from the previous month's reading of 68, fueling speculation in the market that the pace of the economic recovery is beginning to slow down substantially."

 

[Pookie]

Want more, AJ?


http://www.epinet.org/images/snapshot20040628.gif


"The main reason for poor wage growth is the lingering effect of the longest jobless recovery on record, which has left considerable slack in the labor market. Even though nominal wage growth has sped up a bit over the past two months—growing at an annual rate of 2.2% in April and May compared to an average of 1.7% over the prior two months—wage growth has clearly been reduced to a low rate because of years of job losses and high unemployment. "

 

[Pookie]

More, AJ?


http://www.jobwatch.org/ima/20040604_3changeinprivateafter650.gif


"Greatest sustained job loss since the Great Depression"

 

[SIN'til8?]

You still have a long row to hoe...

That's simply not enough.

You are cherry-picking because you will not get beyong politics and you have the compulsive need, like LT, to always be right, no matter what.

So go ahead professor, link the numbers to tax-cuts.

This should be good. I have coffee, cheese, and plenty of time in which to be ejumicated...

 

[SIN'til8?]

If you want to try and argue that, then do the graph FROM the Depression to now and let's compare it to when ya'll controlled the Congress and Jimmy Carter was President...

THAT was the greatest job loss since the great depression and we didn't have to get attacked to get that performance!

That was Democrat over-taxation all the way baybee!