Blogs by Lawrance G Lux
Labor--Further Information
8/7/2004 6:15:12 PM
The Job surveys came out Friday, and they are bad.
The estimate for new Hires in July is less than forty thousand. The Fed has to raise the Interest rate on Short-term in order to maintain the viability of the Dollar in relation to other Currencies. Business investments for July are said to be good, but this appears to be only in the area of Production outsourcing. Business investment domestically is consistent with the last Downturn. Imports are up, and Consumer Spending is down, so domestic production is losing its position in the American market.
There are serious measures which can be taken to head off further decay in the American economy, but the neoconservative approach of the Bush administration refuses to heed the warning signs, or to accept remedial action. This position will probably be forced into change, if the August Job surveys portray as bleak a picture. No Republican can enter the Election season with such economic numbers. Bush could win the Election, but lose 70 seats in the House, and several in the Senate. He will have great difficulty himself, attempting to run for office, if the numbers stay bleak through September.
The Bush enclave, even the elder Bush, has always expressed an insensitivity to Public sentiment, if that sentiment demanded a limitation to the excesses of the class to which they belong. This is Corporate Executives and One-Percenter Wealthy. I believe We have another one-term President. lgl
Post a Comment new!
More Blogs by Lawrance G Lux
• Spending Plans - Wednesday, May 25, 2011
• Alternate Blog - Thursday, November 18, 2004
• Tax Proposals - Monday, November 08, 2004
• The Election Result - Wednesday, November 03, 2004
• The Osama Tape - Saturday, October 30, 2004
• Post-Election - Thursday, October 21, 2004
• Pre-Election Issues - Sunday, October 17, 2004
• The Debate - Friday, October 01, 2004
• Effect of Outsourcing - Wednesday, September 29, 2004
• Current Economic State - Tuesday, September 28, 2004
• Congress Continues to stick their Heads in the Sand - Wednesday, September 22, 2004
• August Economic Indicators. - Thursday, September 16, 2004
• Best We can Get. - Monday, September 06, 2004
• I smell a Rat. - Friday, September 03, 2004
• Compassionate Conservativism - Thursday, September 02, 2004
• Bush Has Lost Florida - Sunday, August 15, 2004
• Labor--Further Information - Saturday, August 07, 2004
• The Labor Market - Monday, August 02, 2004
• Construction of Fantasy - Saturday, July 31, 2004
• Presidential Responsibility - Sunday, July 11, 2004
• Minimum Wage - Tuesday, July 06, 2004
• The current Economic Problem - Saturday, April 03, 2004
• Eat Crow--Maybe - Friday, April 02, 2004
• New Employment Figures - Thursday, April 01, 2004
• Recession Dating - Saturday, March 06, 2004
• Greenspan Misread It! - Monday, February 23, 2004
• Trade Deficit and Job Growth - Saturday, February 21, 2004
• The Tax Issue - Monday, February 16, 2004
• Productivity Gains and Job Growth - Thursday, February 12, 2004
• Labor Report - Friday, February 06, 2004
• Defense and Homeland Security - Wednesday, February 04, 2004
• Bush Budget Estimates - Saturday, January 31, 2004
• Deficit: Brokings Economic Studies - Thursday, January 29, 2004
• Pension Relief - Thursday, January 29, 2004
• $477 Billion?--What a Joke! - Monday, January 26, 2004
• Income Inequality - Sunday, January 25, 2004
• Revisionist Economic View - Saturday, January 24, 2004
• Economic Data Distortions - Thursday, January 22, 2004
• State of the Union Address - Wednesday, January 21, 2004
• Consumer Confidence - Friday, January 16, 2004
• Consumer Debt - Monday, January 12, 2004
• Job Stats - Monday, January 12, 2004
• Job Picture - Friday, January 09, 2004
• Interest Rates - Sunday, January 04, 2004
• Playing with the Numbers - Saturday, January 03, 2004
• Mad Cow - Thursday, January 01, 2004
• Year Review - Wednesday, December 31, 2003
• HALLIBURTON - Monday, December 29, 2003
• Nafta and the Economy - Saturday, December 27, 2003
• Ouestions? - Tuesday, December 23, 2003
• Deafening Silence - Sunday, December 21, 2003
• Multiemployer Pension Plans - Tuesday, December 16, 2003
• Natural Gas Prices - Saturday, December 13, 2003
• November Sales Increase - Thursday, December 11, 2003
• CBO Monthly Report - Monday, December 08, 2003
• The way is goes. - Friday, December 05, 2003
• Revised Numbers - Friday, December 05, 2003
• Jobs - Thursday, December 04, 2003
• New Information - Sunday, November 30, 2003
• Latest data - Saturday, November 29, 2003
• Making Sense of the Economic World - Monday, November 24, 2003
|
