Strong jobs growth could trim profits

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June 4th, 2004, 01:48 PM
JaxSon

Strong jobs growth could trim profits

I know, I know...it's Friday afternoon. But here we go: It seems as if techs changes his stupid sig every other day. This is in response to his latest garbage.

From CNN/Money

Quote:

Employers are adding jobs at the fastest pace in four years, a government report showed Friday, which is great for workers but could worry investors if it slows recent white-hot gains in corporate earnings.

Friday's Labor Department report showed an increase of 248,000 jobs outside the farm sector in May, compared with a revised gain of 346,000 for April. Economists surveyed by Briefing.com forecast the May report would show a 225,000-job gain.

Quote:

And the strength in the job market is starting to be seen in workers' paychecks.

For the second straight month average hourly wages rose 0.3 percent, last month to $15.64.

Oil extends slide under $40

Quote:

Oil prices eased further below $40 a barrel on Friday as an OPEC deal to pump more crude outweighed underlying fears of political instability in top producer Saudi Arabia.

Light crude for July contract fell 57 cents to $38.71 a barrel on the New York Mercantile Exchange, following an 80-cent drop on Thursday when OPEC agreed a two-stage output increase of 2.5 million barrels a day in July and August.

Must be another secret deal between the Saudis and Bush, huh? j/k ;)

Survey: executives see strong growth

Quote:

The latest reading on executives' business outlook finds many expecting to add staff and increase capital spending in the next year.

A survey of 101 Chicago-area senior executives by accounting firm KPMG found nearly three-quarters said their companies were performing better than 12 months ago, and about the same percentage predicted their companies would be performing better a year from now.

The survey said 40 percent expected to increase hiring, with only 7 percent expecting to cut staff. In addition, 48 percent said they expected to increase spending on capital improvements and technology, and 39 percent expected to increase the number of markets their companies serve.

Hmmm...must be Bush's fault. again, j/k ;)

Of course, there is other good news but I suppose we could harp on the bad...as I'm sure somebody will.

TGIF :drink:
June 4th, 2004, 01:57 PM
WebHead

Oh
June 4th, 2004, 02:00 PM
DocPC

Here we go again......./me shakes head :rolleyes:
June 4th, 2004, 02:04 PM
ilovetheusers

Quote:

Originally Posted by DocPC

Here we go again......./me shakes head :rolleyes:

Oh, I don't know. I think it's good just to sit back and watch the poo fling. Sometimes it's fun to through the poo and try to duck it as it's coming at you.
June 4th, 2004, 02:08 PM
techs

There you go again.
Line by line:

Quote:

Employers are adding jobs at the fastest pace in four years

Of course 3.5 of those years were BUSHES. So basically your telling us that Bush finally had three months that WERE NOT AS BAD AS THE GREAT DEPRESSION?
Read my sig for the truth.

Quote:

Friday's Labor Department report showed an increase of 248,000 jobs outside the farm sector in May, compared with a revised gain of 346,000 for April. Economists surveyed by Briefing.com forecast the May report would show a 225,000-job gain.

Once again read my sig.

Quote:

And the strength in the job market is starting to be seen in workers' paychecks.

For the second straight month average hourly wages rose 0.3 percent, last month to $15.64

Now this is downright SHAMEFUL. Workers LOST disposable income for the second straight month due to Gas and Oil hikes, Health insurance increases,
Drug price increases. Are you arguing that any month people have less disposable income is a GOOD month?

Quote:

Oil prices eased further below $40 a barrel on Friday as an OPEC deal to pump more crude outweighed underlying fears of political instability in top producer Saudi Arabia.

I knew it would happen. Someone would try to spin the huge oil price hike to their advantage the first day it went down.
Well, it is still WAY TO HIGH. And isn't interesting that Bush who is the President most strongly supported by the energy companies is in office during these obscene price hikes.
So now you are saying its a good thing that oil is almost 40 a barrel because it used to be 41 per barrel?

Quote:

The latest reading on executives' business outlook finds many expecting to add staff and increase capital spending in the next year.

A survey of 101 Chicago-area senior executives by accounting firm KPMG found nearly three-quarters said their companies were performing better than 12 months ago, and about the same percentage predicted their companies would be performing better a year from now.

Quote:

The survey said 40 percent expected to increase hiring, with only 7 percent expecting to cut staff. In addition, 48 percent said they expected to increase spending on capital improvements and technology, and 39 percent expected to increase the number of markets their companies serve.

Read the link. This is not a CNN survey. It is an accounting firms survey. So an accounting company who may stand to make money in good economic times funded a poll that showed, you guessed it, good economic times ahead.
And all they are saying is that they expect things to be better than they were during the last year. The year we had the worst economy since the Depression.

It is sad that we have lowered our expectations so dramatically. We always held that our President shoud have created jobs while he was President. No way for Bush.
We expected our disposable income to go up! Not down. And now we settle for a partial increase to offset increases in prices. In other words were happy we have only fallen behind by a certain amount?
We are expected to be glad that oil is 40 per barrel instead of 41 per barrel.

So sad. There will never be the kind of employment we had during the Clinton years. Because the corporations want the high unemployment.
June 4th, 2004, 02:14 PM
Zil

Funny how good news for America (economy going up, NOT DOWN), is STILL bad news according to techs. Can we at least credit Bush for this "small" upturn?
June 4th, 2004, 02:18 PM
techs

Quote:

Originally Posted by Zil

Funny how good news for America (economy going up, NOT DOWN), is STILL bad news according to techs. Can we at least credit Bush for this "small" upturn?

Absolutely Zil. Yes the Bush tax cuts have stimulated the economy.
But will you at least admit that what is being touted as great economic news is only because its being compared to how truly awful things were for over 3 years?
June 4th, 2004, 02:19 PM
techs

Quote:

Funny how good news for America (economy going up, NOT DOWN), is STILL bad news according to techs. Can we at least credit Bush for this "small" upturn?

Funny how bad news for American workers (their disposable income going DOWN, NOT up) is good news according to Zil. Can we at least credit Bush for this "small" downturn.
June 4th, 2004, 02:41 PM
Zil

Quote:

Originally Posted by techs

Absolutely Zil. Yes the Bush tax cuts have stimulated the economy.
But will you at least admit that what is being touted as great economic news is only because its being compared to how truly awful things were for over 3 years?

And it looks like Bush did something about it, he fixed it! He deserves the credit for the tax cuts, the recovering economy, home ownership at record levels. He pulled us out of the mess, will you now admit that he has actually done something good?
June 4th, 2004, 02:47 PM
Zil

Quote:

Originally Posted by techs

Funny how bad news for American workers (their disposable income going DOWN, NOT up) is good news according to Zil. Can we at least credit Bush for this "small" downturn.

Quote:

Originally Posted by techs

Now this is downright SHAMEFUL. Workers LOST disposable income for the second straight month due to Gas and Oil hikes, Health insurance increases,
Drug price increases. Are you arguing that any month people have less disposable income is a GOOD month?

Where in any article posted by Jaxson does it say their disposable income is going down? Yet again, please provide proof of your claims.
June 4th, 2004, 02:52 PM
edball

Quote:

Originally Posted by Zil

And it looks like Bush did something about it, he fixed it! He deserves the credit for the tax cuts, the recovering economy, home ownership at record levels. He pulled us out of the mess, will you now admit that he has actually done something good?

Never !

WOTPPP !
June 4th, 2004, 02:54 PM
jaeger

Quote:

Originally Posted by ilovetheusers

Oh, I don't know. I think it's good just to sit back and watch the poo fling. Sometimes it's fun to through the poo and try to duck it as it's coming at you.

If you set things up right, it isn't so bad when the chimps go at it again.

https://forums.windrivers.com/
June 4th, 2004, 02:55 PM
Major Kong

My loss of income stems from my wife wanting to put Pergo flooring down in 4 rooms of the house.

:wave: Me waves goodbye to a goodly amount of dead presidents! :wave:
June 4th, 2004, 02:57 PM
edball

Quote:

Originally Posted by jaeger

If you set things up right, it isn't so bad when the chimps go at it again.

http://jaeger.serveftp.net/ignored.jpg

ROFLMAO !! https://forums.windrivers.com/images.../2004/12/1.gif

WOTPPP !!
June 4th, 2004, 02:59 PM
edball

Quote:

Originally Posted by Major Kong

My loss of income stems from my wife wanting to put Pergo flooring down in 4 rooms of the house.

:wave: Me waves goodbye to a goodly amount of dead presidents! :wave:

Your supposed to distract them from those ideas. https://forums.windrivers.com/images.../2005/03/1.gif
June 4th, 2004, 03:04 PM
WebHead

Oh
June 4th, 2004, 03:05 PM
techs

Quote:

Originally Posted by Zil

Where in any article posted by Jaxson does it say their disposable income is going down? Yet again, please provide proof of your claims.

Of course its not in any article posted by JaxSon. It has only been on the news EVERY DAY since the price of oil skyrocketed.
Are you claiming a that the average American has more disposable income over the last month with the price of gas skryrocketing.

from the article by JaxSon, a part he left out:

Quote:

But average wages have risen just 2.2 percent over the last 12 months, a sign that employers still have the upper hand in negotiating pay raises, according to economists.

Are you really trying to say that as gas has skyrocketed the past two months people have more disposable income?
June 4th, 2004, 03:08 PM
techs

Once again Bush has tried to pull the wool over your eyes. He hopes you just read what he wants, hear what he wants as he keeps taking from the middle class and giving it to the wealthy and the corporations.
June 4th, 2004, 03:10 PM
techs

I want back the economy I had before George Bush took office!
June 4th, 2004, 03:20 PM
Zil

Arguing with you techs is like arguing with a broken record. You still don't agree that a .3 percent increase in someone's wage is still good news (as compared to it dropping). You still weasel out of every argument, you still can't fess up to the fact that you were WRONG about the economy, you still can't provide unbiased data for your arguments and you still grab at small little things when you have pontificated about job loss for the last 2 months. I mean, you can't even keep your Bush bashing out of the joke threads.

As for me, I grow weary of arguing with "Mr. Broken Record". Therefore, I am not going to post/argue anymore on your conspiracy theory, blind-hatred-for-Bush, good-news-for-America-is-bad-news-for-Democrats, we-have-a-weak-candidate-so-we-have-to-attack-Bush-nonstop, threads. I get more out of the "Friday" & new "Thurday" threads than arguing with you. :thumbs:

One less political person to argue with, I'm out of this political crap.

PS, when Bush is re-elected, I wonder if u will finally STFU.
June 4th, 2004, 03:26 PM
Cleetus

Quote:

Originally Posted by Zil

PS, when Bush is re-elected, I wonder if u will finally STFU.

It only got worse for Clinton, why should Bush get any better treatment?
June 4th, 2004, 03:28 PM
techs

If you read my posts you would see I ALWAYS have proof for what I say.
I think that the whole Bush crew are hiding from debate. They post and run. Just like their candidate they cannot stand up to the facts.
I was actually sad for Bush in his last press conference.
He looked so inept.
June 4th, 2004, 03:37 PM
techs

O by the way. How can our economy be doing well when we need to borrow 350 billion a year?
Some of the programs Bush wants to cut next year so the wealthiest won't lose their tax cuts.
They include:
Education
Veterans Benefits
Healthcare

So how can the economy be doing well?
It isn't.
June 4th, 2004, 03:54 PM
Commander Klarg

Quote:

Originally Posted by Zil

And it looks like Bush did something about it, he fixed it! He deserves the credit for the tax cuts, the recovering economy, home ownership at record levels. He pulled us out of the mess, will you now admit that he has actually done something good?

I wouldn't go so far as to say the economy is 'fixed'. There is a great deal more 'pulling' needed before we are back to the level we were during the Clinton years (I don't give a rat's @$$ about who should get the credit for it, so put a cork in it).

I'll give him credit for the tax cuts, but the other stuff? You cannot prove one way or another if Bush's solution was the reason for the current recovery. I'm guessing that it has more to do with the market bouncing back from the dot-com bubble bust, and the waning of the 9-11 FUD.

Home ownership is at an all time high mainly because of the almost ridiculously low interest rates. And that came from Alan Greenspan and the Federal Reserve, not Bush.

And as far as Techs SFTUing: he has as much right to campaign for his choice of president as JaxSon does with his. As long as they don't fall into personal attacks like they did in the recent past, I would just as soon hear what they both have to say.

JaxSon makes some good points: things are looking up. But, Techs also makes a good point in saying that one can only go up after hitting the bottom.

My $0.02, FWIW. YMMV.
June 4th, 2004, 04:02 PM
Zil

Thanks for the idea, jaeger. "Mr. Broken Record" = ignored.

https://forums.windrivers.com/
June 4th, 2004, 04:35 PM
techs

Quote:

Originally Posted by Zil

Thanks for the idea, jaeger. "Mr. Broken Record" = ignored.

http://www.theschumacherfamily.com/techs.jpg

When the Bushies realize they have no basis for their absurd claims they just run and hide. Giving patriots a chance to save our country from the Bushies.

Cool. The Anti-Bush movement is growning day by day.
June 4th, 2004, 04:51 PM
JaxSon

GO USA!!!
GO USA!!!
GO USA!!!

There...try to make that look bad. :grin:
June 4th, 2004, 04:54 PM
JaxSon

Quote:

Originally Posted by techs

Cool. The Anti-Bush movement is growning day by day.

I think the correct spelling for that is "groaning". :grin:
June 4th, 2004, 05:02 PM
cisco2

I must admit I'm concerned about Bush's performance when it comes to our international reputation. I'm generally in Bush's favor but I think he's done a very poor job with international relations. Then there's the federal budget defecit. That's gotta get fixed. Those are the only real issues I want Bush to address.

As for the economy...

Bush is not responsible for the recent job growth and, economic gains, stock market rebounds, or gas prices.

Any more than he was responsible when they all went south after the Y2k boom fizzled.

That's a market economy for you. Upswings, downswings.

Really not under any one man(or woman)'s control.

I don't mind hearing people debate issues our government(s) can, do, or should address but listening to all this about Bush being responsible for the economy is just silly. The last time there were sun spots, I lost cellular reception. Think I'll blame Bush. He's president, must be his fault.
June 4th, 2004, 05:03 PM
techs

Quote:

Originally Posted by JaxSon

I think the correct spelling for that is "groaning". :grin:

Nope. You heard it right.

Uh Oh, just heard on msnbc that most of the jobs that were created were low salaried, low or no benefits jobs in the food service and healthcare industries.
There is real "concern" that we are not creating good paying jobs. (according to the business reporter)
Link to follow. I just heard it on Msnbc so it might take a couple of hours to find it.
June 4th, 2004, 05:05 PM
techs

Quote:

As for the economy...

Bush is not responsible for the recent job growth and, economic gains, stock market rebounds, or gas prices.

Any more than he was responsible when they all went south after the Y2k boom fizzled.

That's a market economy for you. Upswings, downswings.

Really not under any one man(or woman)'s control.

I disagree fully. While the economy is a colussus that takes time to respond to changes nonetheless it responds quite quickly to things like oil price hikes, tax cuts, deficits etc.
In fact just take the deficit. Putting the United States under such trememdous debt has made people fearful. They are putting their money into different places than if we had a balanced budget.
In fact it just took a couple of slight changes in the banking law that spawned the S and L disaster.
June 4th, 2004, 05:08 PM
JaxSon

Quote:

Originally Posted by techs

...read my sig.

But your sig changes every other day or so. A couple of weeks ago, it was blaming Bush's policies for the upcoming summer terror attacks. A couple of days ago, you had a link for anybodybutbush...today it is for bushwatch. What's it going to be tomorrow? Perhaps a link to haliburton.

Why don't you ever post a link for John Kerry? Oh yeah...

But bushwatch.com, my gawd, what a bunch of highly partisan garbage! At least when I posted about
John Kerry History Page it was all done tongue-in-cheek. Everybody knows it is just for fun...like when they had that pic with the demos head up their butt in response to international terrorism. But to put that cr*p in your sig really says a lot about U!

Keep it up! :thumbs2:
June 4th, 2004, 05:21 PM
techs

Quote:

Originally Posted by JaxSon

But your sig changes every other day or so. A couple of weeks ago, it was blaming Bush's policies for the upcoming summer terror attacks. A couple of days ago, you had a link for anybodybutbush...today it is for bushwatch. What's it going to be tomorrow? Perhaps a link to haliburton.

And bushwatch.com, my gawd, what a bunch of highly partisan garbage! At least when I posted about
John Kerry History Page it was all done tongue-in-cheek. Everybody knows it is just for fun...like when they had that pic with the demos head up their butt in response to international terrorism. But to put that cr*p in your sig really says a lot about U!

Keep it up! :thumbs2:

Tongue in cheek? You kept quoting it. And it was absolutely disrepectful. It was from a guy who is mentally ill. How does that help any discussion.
And while I will grant you that many of the groups and organisations on the site I linked to might be biased. At least it has articles and opinions by respected journalists and others.
When you click on the News you are taken to a page that lists stories and editorials in the Washington Post, New York Times, USA Today. And the links lead to the actual stories, not excerpted twisted versions.
You're links are things like coverup.com
Gee, Ya think maybe it is a special interest/wacko website?

I keep changing my sig because politics is not helped by little catch phases and slogans. I believe that many Americans have been sold on the idea they can make their political decisions based on "sound bites"
To understand an issue you must look at it from different angles.
You won't find me basing my support for a candidate or a party based on some simplistic slogans. I will keep changing my sig as the situation needs.
June 4th, 2004, 07:51 PM
JaxSon

First off, every one of my links in this post (except for John Kerry History Page ) have been from CNN/Money. Definitely a right-wing leaning media outlet...NOT!!!

That's exactly why I quoted from them. If THEY would put out positive info about the Pres, then it must really be good news!

But it's always negative with you...Bush sux, Bush lied, anybodybutBush, blah, blah, blah.

And again, why don't you ever post a positive link about your candidate, whatzisname, John Kerry? Oh yeah, that's right... :grin:

EDIT: Hey, I just went over 300 posts! woo-hoo!!! :drink:
June 4th, 2004, 08:21 PM
techs

Quote:

Originally Posted by JaxSon

First off, every one of my links in this post (except for John Kerry History Page ) have been from CNN/Money. Definitely a right-wing leaning media outlet...NOT!!!

That's exactly why I quoted from them. If THEY would put out positive info about the Pres, then it must really be good news!

But it's always negative with you...Bush sux, Bush lied, anybodybutBush, blah, blah, blah.

And again, why don't you ever post a positive link about your candidate, whatzisname, John Kerry? Oh yeah, that's right... :grin:

EDIT: Hey, I just went over 300 posts! woo-hoo!!! :drink:

No FACT posted in the CNN/Money link was questioned by me.
In fact I quoted them in my replies.
I also pointed out that the news was only good in relation to the fact that after such an extremely long period of very poor economic news it looked good.
And thats what I pointed out. That 248,000 jobs is nothing to brag about. We went 8 years of averaging over that amount etc.
The part about oil prices going down below 40 is good news. But it is up from less than 25 a year ago.
And you quoted a story about a poll by a large accounting firm.
The ONLY facts quoted by you indicate things are better than they were and were expected to get better. That is like saying 10 people died of starvation last year but only 9 this year. Lets have a party. When for 20 years only 2 people died of starvation. See how you are trying to make any positive news sound like things are good when they are still very bad. They have a long way to go to just get back to where we were before Bush took office.

btw the stock market is essentially at the same point it was when Bush took office. You may start talking about the good economy when it reaches 13,000 and when we get back the three million jobs we lost and then get an average of 288,000 for every month Bush is in office. And when our earning power gets back to where it was when Bush took office. And when the number of people without health insurance gets back to the rate it was when Bush took office.

Every time you are stuck for an answer you try the "Kerry just as bad, or worse"
Well, Bush had his chance and he screwed it up royally. Kerry advocates returning to our successful past policies. Not dramatic or inspiring, just practical and effective.
So mabye it doesn't sell as well as "were gonna turn the middle east into a health club"
June 5th, 2004, 06:41 AM
techs

I just came across this so even though this thread is dying I thought this was important enough to post.
JaxSon quoted a CNN/Money article. The article was basically reporting the results of a KPMG acccounting firm survery.
Who is KPMG?
Here's a link to Frontline report on tax shelters.
http://www.pbs.org/wgbh/pages/frontl...s/tax/schemes/

"KPMG is the number one promoter of tax shelters. They have been under investigation for years for legal violations.
From the link:
In July 2002, the Justice Department and the IRS accused KPMG of failing to provide documents requested by the government and filed this civil lawsuit in an effort to force the firm to disclose information about tax shelters it has marketed since 1998. KPMG argued that the information requested by the Justice Department was protected by accountant-client and attorney-client privilege. The case is still pending in federal court and in December 2003, the Justice Department accused KPMG of further withholding documents, saying that its actions "demonstrate a concerted pattern of obstruction and non-compliance, threatening the integrity of the IRS examination process."

So as you can see KPMG has a huge interest in showing that companies will make a profit next year. Because then their market for tax shelters will expand.
Just FYI