Post #294,286
10/5/07 1:05:44 PM
10/5/07 1:06:55 PM
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How Robust is the Current Economic Expansion?
Some proponents of the 2001 and 2003 tax cuts have argued that the economic and employment growth of the past few years establishes that these tax cuts are \ufffdworking\ufffd and have had strong beneficial effects.
Examination of a broad range of key economic indicators, however, indicates that this economic expansion has not been especially robust. To the contrary, relative to expansionary periods in the past, the current recovery has, on balance, been somewhat weaker than average. In fact, with respect to GDP, consumption, investment, wage and salary, and employment growth, the current period is either the weakest or among the weakest since World War II.
Moreover, the economy\ufffds performance over the past five and a half years has overall been weaker than its performance in the early 1990s, in years following significant tax increases. GDP growth has been slightly weaker than in the 1990s, and job creation, wage and salary growth, and investment growth have been substantially weaker. From [link|http://www.cbpp.org/8-9-05bud.htm|The current expansion has been weaker than average, only corp profits have grown]
Seamus
Edited by Seamus
Oct. 5, 2007, 01:06:55 PM EDT
HOW ROBUST IS THE CURRENT ECONOMIC EXPANSION?
Some proponents of the 2001 and 2003 tax cuts have argued that the economic and employment growth of the past few years establishes that these tax cuts are working and have had strong beneficial effects.
Examination of a broad range of key economic indicators, however, indicates that this economic expansion has not been especially robust. To the contrary, relative to expansionary periods in the past, the current recovery has, on balance, been somewhat weaker than average. In fact, with respect to GDP, consumption, investment, wage and salary, and employment growth, the current period is either the weakest or among the weakest since World War II.
Moreover, the economys performance over the past five and a half years has overall been weaker than its performance in the early 1990s, in years following significant tax increases. GDP growth has been slightly weaker than in the 1990s, and job creation, wage and salary growth, and investment growth have been substantially weaker. From [link|http://www.cbpp.org/8-9-05bud.htm|The current expansion has been weaker than average, only corp profits have grown]
Seamus
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Post #294,289
10/5/07 1:24:28 PM
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the war costs are going to hit us with massive inflation
just like vietname came home to roost in the late 70's. Your site is a tad biased dont you think? Not a person who believes in profit to be found anywhere on the board. thanx, bill
Quantum materiae materietur marmota monax si marmota monax materiam possit materiari? Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free american and do not reflect the opinions of any person or company that I have had professional relations with in the past 51 years. meep
reach me at [link|mailto:bill.oxley@cox.net|mailto:bill.oxley@cox.net]
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Post #294,304
10/6/07 11:31:24 AM
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Why is it biased? Its stated goal to look at
budget policies from the perspective of low-income citizens. That by itself doesn't make it biased. Now, if they didn't state that up front, then you would have a point.
Seamus
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Post #294,290
10/5/07 5:29:22 PM
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The fact that it has done this
in the face of a doubling of the cost of energy, and compare that to what happened to the economy mid 70s and I think this expansion, while "ordinary" from a numbers perspective is actually damned surprising.
Too much of today's music is fashionable crap dressed as artistry.Adrian Belew
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Post #294,307
10/6/07 11:36:12 AM
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Or it could be that the ecomony is getting used to
fluctuating oil prices.
The discrepancy in the growth of corporate profits being so much stronger than the other indicators is what worries me for the long term health of the economy.
Seamus
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Post #294,396
10/7/07 9:33:34 PM
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Some are....some aren't
Look at Toyota and GM.
GM's Hummers, which made them massive profits per unit....suddenly aren't selling as well.
Toyota, with tech licensed from Ford, is still making a bundle.
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