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Bush moves from"turned a corner"to "economy is strong and getting stronger

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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-18-04 09:52 AM
Original message
Bush moves from"turned a corner"to "economy is strong and getting stronger
Edited on Wed Aug-18-04 09:52 AM by papau
job creation -stalled at 1.2 million jobs short of the total number of U.S. jobs when he took office

oil prices soar

overall economic recovery slowed

Groups that track poverty and health insurance expect next week's annual Census Bureau figures to show more Americans in poverty and without health insurance.

So George changes the stump speech.

http://www.usatoday.com/printedition/news/20040818/a_econwoes18.art.htm

Concerns over economy persist
Recovery touted by Bush sputters in recent weeks
By Peronet Despeignes
USA TODAY

President Bush was saying last month that the economy had “turned the corner,” but the recovery he's counting on to help drive him to re-election Nov. 2 has hit some potholes lately.

In the past few weeks, job creation has stalled, oil prices have soared to record heights, and the overall economic recovery has slowed. Groups that track poverty and health insurance data say next week's annual Census Bureau figures are likely to show more Americans in poverty and without health insurance.

There has been good news: The U.S. economy has generated more than 1.2 million jobs since the end of 2003, more than in any seven-month period in nearly four years. A recent drop in mortgage interest rates is giving the housing market a boost. And Bush got a ray of sunshine Tuesday, when reports showed upbeat news on inflation, housing and manufacturing.

But for the moment at least, the glow is off the recovery, which could keep the issue in play as Bush battles John Kerry less than three months before the election.<snip>

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BlueEyedSon Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-18-04 09:53 AM
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1. Lies, jive, dupery and deceit!
as USUAL
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Fovea Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-18-04 09:56 AM
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2. LIAR!
What an amazing bit of Pravda.
The only people this is a good economy for is the investing class, and even they are feeling the strain.

For everyone else George, your economy sucks, and that's official.
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michigandem2 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-18-04 09:56 AM
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3. oh yeah ....
I noticed that....he will keep banging that drum until the next job report comes out....he is a liar...and we all should know better..but people will believe...
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snippy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-18-04 10:05 AM
Response to Original message
4. Bush is such a stupid liar.
Lying about the strength of the economy is to be expected from an incumbent, but to say the economy is getting stronger when he knows that second quarter GDP growth is going to be revised downward next week is stupid.
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zbdent Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-18-04 11:04 AM
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5. The stock market, usually where joe average looks at for reference,
(after checking to see if the check in his hands is from an employer or the employment office), is again down under 10000 (for more than an afternoon).
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