Kerry is a pilot?

Newps wrote in message news:NXvRb.167758$na.277405@attbi_s04...
The economy officialy recovered in late 2002. We are already in our
second year of the good economy.

I once heard an economist jokingly define a recession as when his
friends lose their jobs. A depression, on the other hand, was when HE
lost his job.

The problem with this recovery is that it's a technical recovery only.
GNP has stopped decreasing quarter per quarter, that's the official
definition of the end of a recovery. That's the way it was defined
when I got my econ. degree and still is. But, that says nothing about
jobs still decreasing, and the ones that are being created are more
often contract temporary positions than permanent ones.

Also, indications are that the net icome for the working public, ie
those that make the majority of their income through jobs, has
decreased. Greenspan encouraged a housing boom to replace the dot com
boom. That's softened the impact of the recession greatly. But it's
a limited thing. People can only refinance and spend so much.

So, yes. We're technically out of recession, and I'll be happy to
take any good news I can get. But in this case it doesn't necessarily
mean much.

-Malcolm Teas

In article , Malcolm Teas
says...

Newps wrote in message
news:NXvRb.167758$na.277405@attbi_s04...
The economy officialy recovered in late 2002. We are already in our
second year of the good economy.

I once heard an economist jokingly define a recession as when his
friends lose their jobs. A depression, on the other hand, was when HE
lost his job.

It's not all gloom and doom, GDP and personal income are up, unemployment is
down; each of these are forecast to continue improving through 2004. If only
we could get Bush to veto some of the drunken crazed pork barrell spending by
congress things would look even better.


Jan 2004, Bureau of Labor Statistics: “...the unemployment rate, at 5.7 percent,
continued to trend down, the of the U.S. Department of Labor reported today.”


Jan, 2004 “Wall Street Journal: “The economy has momentum heading into 2004.
Economists see solid growth, improvement in the labor market and growing
corporate profits.

Economists who participated in the semiannual forecasting survey expect growth
at around a 4% inflation-adjusted annualized rate throughout the year - starting
with growth of nearly 4.5% in the first quarter. They believe unemployment will
ease toward 5.5% and profits will grow 15.9%.”


December 2003, Bureau of Economic Analysis: “Personal income increased $44.0
billion, or 0.5 percent, and disposable personal income (DPI) increased $39.2
billion, or 0.5 percent, in November...”

Malcolm Teas wrote:

I once heard an economist jokingly define a recession as when his
friends lose their jobs. A depression, on the other hand, was when HE
lost his job.

And a panic is when your wife loses *her* job.

George Patterson
Great discoveries are not announced with "Eureka!". What's usually said is
"Hummmmm... That's interesting...."

You point out many things that are true... I do not consider myself a
luddite, nor ignorant of the impossibility of turning back the clock; nor of
reversing the industrial revolution so we can all return to Eden: But in
the name of improving the bottom line for the corporate share holders we
exported the smokestack industries leaving ourselves at the mercy of others
to produce and sell back to us those things made of metals and stamped out
by great thumping presses... Then the toaster, and furniture, and clothing,
and glass ware, and on, and on... Then we exported the making of machines
that make machines, also in the name of profit margins, now we are dependent
upon foreign sources for our precision tool machinery... Then we exported
the manufacturing of the televison we gave the world, because there was more
profit, and now we buy all of our television sets from abroad... Next, the
camera went overseas, and the film industry is rapidly following.... Then we
exported the technology of the computer chip we were foremost in inventing,
and now we depend upon others to sell us the chips to make the computers,
again because it was more profitable... Now, the highly skilled software
jobs are fleeing, like thieves in the night, to India because the corporate
CEO can increase profits and make a bonus of millions... And, currently we
are in a titanic struggle over food tariffs and if we lose our sense of
purpose we will become dependent upon foreign sources for a majority of our
basic foodstuffs...
Once, we become totally a nation of hamburger flippers where is the money to
buy the foreign products we are dependent upon going to come from?
denny

"Malcolm Teas" wrote in message
The problem with this recovery is that it's a technical recovery only.
But, that says nothing about
jobs still decreasing, and the ones that are being created are more
often contract temporary positions than permanent ones.

"Dennis O'Connor" wrote in message
...
You point out many things that are true... I do not consider myself a
luddite, nor ignorant of the impossibility of turning back the clock; nor
of
reversing the industrial revolution so we can all return to Eden: But in
the name of improving the bottom line for the corporate share holders we
exported the smokestack industries leaving ourselves at the mercy of
others
to produce and sell back to us those things made of metals and stamped out
by great thumping presses...

The People wanted cleaner air and to get there industry had to leave.

Then the toaster, and furniture, and clothing,
and glass ware, and on, and on... Then we exported the making of machines
that make machines, also in the name of profit margins, now we are
dependent
upon foreign sources for our precision tool machinery...

No, the tool industry is no computerized and obsolete machines are made
overseas.

Then we exported
the manufacturing of the televison we gave the world, because there was
more
profit, and now we buy all of our television sets from abroad...

The best analog picture tubes still come from Pennsylvania. (Sony 27")

Next, the
camera went overseas, and the film industry is rapidly following.... Then
we
exported the technology of the computer chip we were foremost in
inventing,
and now we depend upon others to sell us the chips to make the computers,
again because it was more profitable...

Automated founries don't require many workers and the dies still come from
America. Much like hybrid corn, we control the flow.

Now, the highly skilled software
jobs are fleeing, like thieves in the night, to India because the
corporate
CEO can increase profits and make a bonus of millions... And, currently we
are in a titanic struggle over food tariffs and if we lose our sense of
purpose we will become dependent upon foreign sources for a majority of
our
basic foodstuffs...

Shouldn't we allow the People of India to pull themselves out of poverty?

Once, we become totally a nation of hamburger flippers where is the money
to
buy the foreign products we are dependent upon going to come from?
denny

Services.

"Malcolm Teas" wrote in message
The problem with this recovery is that it's a technical recovery only.
But, that says nothing about
jobs still decreasing, and the ones that are being created are more
often contract temporary positions than permanent ones.