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April 20, 2006
Weekly Jobless Claims Drop... Significantly

The Bush Boom continues...

The number of new people signing up for jobless benefits last week fell sharply, a fresh sign that employers are feeling better about the business climate.

The Labor Department reported Thursday that new applications filed for unemployment insurance dropped by 10,000 to 303,000, the best showing since the beginning of April. The level of new jobless-benefit filings suggest that the labor market is maintaining decent momentum.

Last week's decline was steeper than analysts were expecting. Before the report was released, they were forecasting claims to fall to 308,000.

Liberal spin to commence immediately.

UPDATE: Dow, S&P hit 5-year highs...

Posted by Matt at April 20, 2006 09:46 AM



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Comments

From the April CBO report....

The federal government ran a deficit of $305 billion in the first half of fiscal year 2006.....

Good job Chimpy......you hired a bunch more defense contractors and my kids get to pay their salaries.

Posted by: muirgeo [TypeKey Profile Page] at April 20, 2006 10:08 AM

Posted by: muirgeo [TypeKey Profile Page] at April 20, 2006 10:16 AM

Muirgeo, remember the dotcom bubble? If the economy under Clinton was actually a stable one the bubble wouldn't have burst during Clinton's last fiscal year.

so keep spinning.

Posted by: KCJ at April 20, 2006 10:31 AM

The economy is really doing great. I've recommended HAL stock when it was at 70 to try and help the dimocrats posting on B4B. HAL hit 75 and I again recommended it on B4B. Well today it's hit 83.97 and is still going higher, even if a few 'smart' republicans take some profits.

Now you dimwits can complain all you want, but if you choose to stay out of the Bush Boom, it isn't Bush's fault. It is purely yours alone.

I'm planning to profit all I can from this economic boom we are blessed with, and pay more taxes in the process. GWB you are doing great!

Posted by: dl [TypeKey Profile Page] at April 20, 2006 11:25 AM

"Clinton Economy" What a laugh!
My portfolio improved after the Republicans took control of the House in 1995 and continued to grow until I pulled out of the market just before the dotcom bust. A good thing too, as the corporate scandals were just about to be brought to light when Mr. Bush took office. The Bush Justice department began a crackdown of the corporate raiders that the Clintonistas ignored in the 1990’s.
After 2001 I got back in the market and been doing gangbusters ever since.

You're right, dl, these numbskulls can ignore the economic opportunities all they want, they're the ones that will be serving us pina coladas at the beachside resorts we’re staying at in our early retirement.
Cheers!

Posted by: Bane of Liberals' Existence [TypeKey Profile Page] at April 20, 2006 12:18 PM

I guess there opening up more Wal-Marts.

In actuality, we are witnessing a slow decline from a superpower to a nation indebted to communist foriegn powers.

So let's continue to lower taxes, consolidate power and wealth in the hands of fewer elites and saddle the public with massive deficits.

It's "Mission Accomplished" for Compassionate Conservatism."

Wade

Posted by: Wade at April 20, 2006 12:21 PM

Oh, I just love this.

Clinton gets his horn blown while Rome burns and he is a hero. Bush valiantly defends this nation against a horde or whores (democrats, liberals, liberal democrats, pro-homo liberal democrats, baby-killing pro-homo liberal democrats who can't wait to see this nation destroyed and turned into agiant Greewich Village) while growing the economy faster than any President in history (look it up, losers), and he's the bad guy.

You guys are a joke and everyone knows it.

Posted by: Conservative to the Core [TypeKey Profile Page] at April 20, 2006 12:25 PM

Clinton? That Rhodes Scholar has been out of office for 6 years. So America's problems are now totally 100% Bush and Republican controlled Congress's problems. That is until Novemember rolls around and republi-jokes are voted OUT!!

America has become more a debt 'junkie' than ever before with total debt of $44 trillion with the highest debt ratio in history.

That's $147,312 per man, woman and child or $589,248 per family of 4, $44,312 more debt per family than last year.

Last year debt increased $3.5 Trillion, 5 times more than GDP. Household debt soared 12%.

And, the above does not include unfunded pensions and medical promises.

2 great questions Blogs For Idiots:
1. Can the production of debt forever replace the production of goods and savings?
2. Can Americans forever borrow their way to prosperity?

Easy Answer, butt boy.....NO WAY !!

2005 was a new, all-time record high in debt ratios of the household, business, and domestic financial sectors, also record debt ratios owed to trust funds. In the past year the debt record was even more scary, household debt increased 2 times faster than the economy and the federal government's bite out of trust funds set another record high.

In 2003, the average credit-card debt of US households with at least one card was $9,205, up from $2,966 in 1990, according to the research firm CardWeb.com, that's 310% higher. Even students are learning how to go into debt up to their necks. The federal General Accounting Office, according to AP's Martha Irvin in January 2002, says college students are graduating with an average of $19,400 in student loans. Additionally, average student credit card debt rose 46% from 1998 to 2000, according to the student loan agency Nellie Mae. Meanwhile, universities promote credit cards issued by agencies who kick-back to them.

So Blogs For Dorks, choke on those numbers.

[NOTE: Choke on this, your banned, think before you call us idiots and dorks.]

Posted by: Impeach Bush [TypeKey Profile Page] at April 20, 2006 12:48 PM

Hey there 'Impeach Bush', you sound so intelligent... now why is it you aren't making any money? Sounds like you know it all according to your posts. Having trouble putting all that liberal intelligence behind the idea of investing eh?

Like 'Bane of Liberals' Existence' says

"they're the ones that will be serving us pina coladas at the beachside resorts we’re staying at in our early retirement."

I'd like to have a Bloody Mary please with salt around the rim. Thanks, and I'll leave you a nice tip....

Posted by: dl [TypeKey Profile Page] at April 20, 2006 01:06 PM

Liberal fool,
When you plagiarize from a website word for word you should at least give them credit for the thought, since you don't have an original thought in your empty liberal head. http://mwhodges.home.att.net/nat-debt/debt-nat.htm
You and Michael Hodges have overly simplistic assessments of the debt. The debt is dynamic, not static, there isn’t a debt per person formulation that is the least bit accurate.

Students graduating with higher debts can expect to pay back those loans with the improved economy, dip-stick, defaults on those loans are running at slightly lower rates than when I was in college.

Credit card debt grew from Clinton’s 1998 rate to Clinton’s 2000 rate? Good argument.

Posted by: Bane of Liberals' Existence [TypeKey Profile Page] at April 20, 2006 01:10 PM

Wade,
A trade deficit is not a debt. How much do you owe to China?

No wonder you people can't make any real money; you don't understand simple economics.

Posted by: Bane of Liberals' Existence [TypeKey Profile Page] at April 20, 2006 01:15 PM

From DemocracyNow.org One website that really hates America.

I remember a business man that was interviewed quite extensively about the issues told me, “Well, Juan, you know, if you borrow $1,000 from a bank and you can’t pay it back, you’re in trouble. But if you borrow $100 million from a bank and you can’t pay back, the bank’s in trouble;” and so that, you usually are in a better negotiating position when you owe a lot of money than when you owe a little bit of money.
To answer your 2 questions, you would need to understand more than you do now. Because you cannot comprehend the answers.
2 great questions Blogs For Idiots:
1. Can the production of debt forever replace the production of goods and savings?
2. Can Americans forever borrow their way to prosperity?
clues for the clueless Leverage & Knowledge

Posted by: dl [TypeKey Profile Page] at April 20, 2006 01:28 PM

Posted by: mcain08 [TypeKey Profile Page] at April 20, 2006 01:32 PM

Liberal moron,
Not a PHD, but a Master’s from U of Washington; I’m a government fiscal analyst; I work at a major university dealing with loans, grants and investments, What are your qualifications?

Polls only prove that there are easily led morons like you that are more than willing to spend someone else’s money in a cause that you don’t really understand.

And now, with your third grade education, I’ll explain it again; a trade deficit is not a debt. What part of that don’t you get?

The gloom and doom economists are Keynesian economists that believe the government is a consumer, and with governmental debt they cannot consume as before.

Here's the part you will never understand; the debt is a liability owed to the bondholders which coincidentally are Americans. The amount of foreign investment in our debt has remained constant since the 1980’s.

Now, unless you have something other than parroting your favorite liberal sound bites, I’m done with you.

Posted by: Bane of Liberals' Existence [TypeKey Profile Page] at April 20, 2006 01:47 PM

...But, but , its still the worst economy in 50 or 100 years. Face it Demorats, this issue is a loser, just look at the polls. between 60% to 80% of the people think they are better off/just as well off as they were in Jan. of 2001. If you could not win on this issue in 2004, you can't win on this issue in November.

Posted by: Tina at April 20, 2006 02:17 PM

...Uh, sorry Tina, perhaps you should go look at the new Fox poll. You know, the FOX POLL that shows the president's approval at 33%. According to FOX, more than 70% think the economy is only fair to poor. 56% think it's getting worse. I'm glad everyone on this blog is doing great. Maybe that's why you voted for him. Too bad the rest of us Americans have to suffer for your benefit but I guess that's the GOP way.

Posted by: 3moreyears [TypeKey Profile Page] at April 20, 2006 02:49 PM

3,
Here’s where you have to put all the information together;
1) People believe the economy is in poor to fair shape
2) People believe their economic situation is as good or better since Mr. Bush took office.
Therefore, the MSM is doing a good job of convincing people that, other than themselves, there is nothing to celebrate in all the good fiscal news. But, the MSM can't convince people that their own situation is worse off.

Here’s another way to look at it;
1) When polled, people give Republican in Congress low scores
2) When polled people think democrats would do a better job
3) By 55-70% (depending on the poll) people think their Congressman is doing a fine job and should be re-elected.
Therefore, Republicans maintain control of both houses of Congress.

And still one more;
1) Mr. Bush is not running for re-election.

Posted by: Bane of Liberals' Existence [TypeKey Profile Page] at April 20, 2006 03:36 PM

3moreyears - Ya can cry all you want. If you aren't doing good in this economy it is your choice.

Too bad the rest of us Americans have to suffer for your benefit but I guess that's the GOP way.
Seems like under the Clinton Bust or Blown Bubble economy, a lot of people lost their IRA's and retirement money but I guess that the Democratic way.

Given the choices of Bubble & Bust or a steady growing Bush Boom most Americans would prefer a steady growing economy.

You know people are responsible for their own situation under both parties. But Democrats think that the government OWES THEM, and I do not believe in that type thinking. I would much rather the government make rules then stay out of the way and let me EARN INCOME. That's why we vote for Bush, and that's why we're all doing great.

Posted by: dl [TypeKey Profile Page] at April 20, 2006 03:48 PM

Bane,

Wow! the Dow went from 3,000 to 10,500 under Clinton and that was bad now under Bush it's gone from 10,600 to 11,342 and that's when you made all your money? Sounds like you missed out on the real boom.

Posted by: muirgeo [TypeKey Profile Page] at April 20, 2006 04:08 PM

. Muir,
The Dow went from 3,200 when Clinton was elected to 3,600 in 1995 when the Republicans took over the house of Reps.

It went from 3,600 to over 11,000 under Republican governance.
But, don't let facts get in your way, keep spinning.

Posted by: Bane of Liberals' Existence [TypeKey Profile Page] at April 20, 2006 04:12 PM

Nice and comfy in that gobment job are you Bane? No wonder. Maybe you should try supporting yourself instead of sucking of the gobment teet. But I here there is a lot of money to be made off the gobment if you have the right connections. Hypocrite!

Posted by: muirgeo [TypeKey Profile Page] at April 20, 2006 04:16 PM

Loser,
I've owned two successful businesses and my wife owns a law firm.
While you are still complaining that your welfare check isn't enough for imported beer, loser.

Posted by: Bane of Liberals' Existence [TypeKey Profile Page] at April 20, 2006 04:23 PM

The new Fox Poll that you cite does not contain a question citing are you better off that you were four years ago? So linking job approval to this question does not quite work. If you scroll down further to Question #34 in the Fox Poll, they ask a question about the number of jobs created in the past year, and 53% then "feel better" about the economy.

Also, housing, an asset owned by more than two thirds of people, increased from $300,000 to $800,000 in my area since January of 2001. I bet the national stats would show the same. In fact, the past five years have had consecutive home sales.

One more thing, the stock market is now at a 6 month high per CNBC "New's Flash. This is just reported on Fox and I'm sure the Communist News Network will follow soon, if they even have a business reporter.

Posted by: Tina at April 20, 2006 04:27 PM

Bane,

According to the Bloomberg poll Demorats only have a 4% preference over Republicans in the generic ballot. This poll came out yesterday. Its down from double digits. Its not enough for the Rats to gain control of Congress.

Posted by: Tina at April 20, 2006 04:29 PM

But Tina,
Washington apples aren't as jucey as they were five years ago and Bush's approval rating is below 40%!
Do I have to spell it out for you?

Posted by: Bane of Liberals' Existence [TypeKey Profile Page] at April 20, 2006 04:55 PM

Tina,
Since 1994 polls have shown that voters profess to support democRATS ... right up until they get into the voting booth.

Posted by: Bane of Liberals' Existence [TypeKey Profile Page] at April 20, 2006 04:57 PM

It went from 3,600 to over 11,000 under Republican governance.
But, don't let facts get in your way, keep spinning.

Whoa, wait a minute here, you cannot have it both ways. So Clinton is not responsible for the Dow going from 3600 to 11000, but he is responsible for the Dot Com bust. On one hand you tell us the economy during Clinton years was not good because it was just inflated Dot Com companies, but on the other hand you are trying to take credit for the economy during the same time.

If you want to look like you have some integrity, pick one consistent, logical viewpoint.

Posted by: Brokeback [TypeKey Profile Page] at April 20, 2006 08:51 PM

Speaking of polls, has Mr. Noonan found the quote or link where Rasmussen claims all his polls are flawed by 5%?

Posted by: Brokeback [TypeKey Profile Page] at April 20, 2006 08:54 PM

Can anyone point me to the speeches Clinton made when he was running for office where he laid out his plan to decrease the deficit? Create a surplus? Because I don't remember him running on such a plan. I'd be happy to read the archived speeches, because I have yet to see what he, or his administration, or his policies, did to decrease the deficit or create a surplus. Except for slashing military spending, that is.

He was in a great position, as the increased R&D budgets of major companies were finally bearing fruit, with new products and new technology---budgets increased by the Reagan tax cuts. He was in the right place at the right time, as the Internet took off and there was this wild enthusiasm about anything techie. And his ability to indulge in his oft-quoted "loathing for the military" in ways more basic than merely telling them they could not wear their uniforms in the White House added some money to the pot.

But was it a plan? Was it a strategy? Was it a tactic? If it was, where are the plans, reference, party platforms, financial agendas of his administration? Could it be that it just happened, and then he said "I Meant To Do That"?

As opposed, of course, to the clearly stated and clearly acted-upon Bush financial plans, upon which he campaigned, which he explained, which he executed, and which we can see in action.

Posted by: Almiranta [TypeKey Profile Page] at April 20, 2006 08:57 PM

[NOTE: Choke on this, your banned, think before you call us idiots and dorks.]

So you cannot call people dorks or idiots on this site, but moron is OK. Oh yeah, and telling people they should kill themselves is OK. And, saying all liberals should be round up and killed is OK. The integrity of this place is overwhelming.

Is sarcasm acceptable?

Your deleting and banning what keeps this site alive. What are you going to do once you delete and ban all liberal posts?

Here is a mock conversation:

Bane: Bush is the coolest person ever, cooler than Jesus.

Noonan: yep

Margolis: What's going on? Let me try to find something I can cut and paste so I don't have to think for myself.

Noonan: yep

Bane: yep

I can't wait for that.

Posted by: Brokeback [TypeKey Profile Page] at April 20, 2006 09:01 PM

Not sure how much Clinton is to credit/blame for the 90s economy, but I'm 100 percent sure he's 100 percent to blame for cutting the defense budget and the CIA budget, and for not nabbing Osama when he could which put us in this mess today. Thanks, Bill...and I voted for you!!!

Posted by: John at April 21, 2006 12:32 AM

but I'm 100 percent sure he's 100 percent to blame for cutting the defense budget and the CIA budget

100 percent to blame? And you are 100 percent sure of that? I don't think the government works that way. The president cannot create and pass the budget on his own. I am not saying he has no responsibility with the budget, but your 100 percent figure is way off.

Posted by: Brokeback [TypeKey Profile Page] at April 21, 2006 08:57 AM

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