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August 04, 2004
Service Sector of Economy Surges, TooI honestly don't understand how George Bush's job approval isn't at 88%: Aug. 4 (Bloomberg) -- U.S. service businesses, which account for the bulk of the economy, expanded at a faster pace in July, powered by more orders, according to a private survey. The Institute for Supply Management's index of financial services, construction, retail and other non-manufacturing enterprises rose to 64.8, from 59.9 in June. The index has been greater than 50, signaling expansion, since April 2003. The economic expansion may be gaining strength after higher prices for energy and other goods crimped consumer spending last quarter, economists said. ... Economists expected the Tempe, Arizona, institute's index to rise to 61.5, according to the median of 63 forecasts in a Bloomberg News survey. Estimates ranged from 57.9 to 64.7. The index reached a record 68.4 in April. ... The survey's employment index declined to 50.0 from June's 57.4, which was a record. The U.S. may have added 243,000 jobs in July, according to a survey of economists before Friday's employment report from the Labor Department. Service-providing industries added 122,000 workers in June, which was the smallest increase since February. The slowdown in hiring last month may have been a blip, economists said. ... The number of Americans filing first-time claims for unemployment benefits have averaged 345,633 a week so far this year, compared with 402,115 for all of 2003. The four-week moving average of claims was 336,300 in the four weeks ended July 23, according to the Labor Department. The institute said Monday that it's [sic] gauge of U.S. manufacturing rose to 62 in July from 61.1, helped by increased orders and production. Factory Orders Up Again: Boosted up half a percent in July. Schadenfreude Update! Our great allies, the Germans, experience persistent and now rising unemployment. Poland can't be happy to see so many Huns with idle hands.
posted by Ace at 11:36 AM
CommentsRobert Reich on NPR this morning: "The economy needs to add 380,000 jobs every month for the next three in order for Bush not to be the first President since Herbert Hoover to lose jobs overall in his term." This is the new (old) line for the Kerry campaign. Bush needs an effective strategy to counter it and I have yet to see it. Of course that may be because the media isn't publicizing it, but I don't think so. Posted by: on August 4, 2004 12:11 PM
"Poland can't be happy to see so many Huns with idle hands." Great line. At least they have nothing to fear from the unemployed French. And as a reminder, American liberals think America can only be great when we start doing what Europe does. I concede their point only as respects Italian ice cream. Posted by: on August 4, 2004 12:14 PM
Robert Reich is a worthless midget troll. And the continued sniping about how the president, any president, is somehow directly responsible for jobs lost "in his term" is vacuous, in the extreme. Just as it would be stupid to attribute any job gains directly to that same president, any president. Doing so ignores several important things that are out of the president's control. For instance, that he doesn't even indirectly hire or fire anyone other than his staff of 2000 or so folks. For another, less importantly, economic cycles, which sadly don't line up to start and stop every fourth November. These flaws, combined with a breathtaking disdain for the intelligence of the electorate, are why Reich and his comrades always trot out such tripe. They honestly expect it to be believed. Repetition does not make truth. Posted by: Patton on August 4, 2004 12:29 PM
About the closest thing the Europinks have to an army these days is the "reserve army of the unemployed". I believe there's something in Marx's Das Kowbell about that. Posted by: Paul Zrimsek on August 4, 2004 12:45 PM
But you gotta admit, Reich is great in those Travelocity ads. Posted by: David on August 4, 2004 01:13 PM
BWAHAHAHAHAHA! David, that was perfect! Reich is the Travelocity gnome. You know, I have to agree. Thank God I had swallowed my sip of coffee before I read this, or you would have been in deep trouble, mister! Posted by: Maranna on August 4, 2004 05:32 PM
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| The Deplorable Gourmet A Horde-sourced Cookbook [All profits go to charity] Top Headlines
Funniest thing I've read about the Virginia mess. Back when they were hustling the referendum through the assembly both Senators, Warner and Kaine, advised them to go slow and play by the rules. Louise Lucas said she respected them but didn't need advice from the "cuck chair" in the corner. The gerrymandering was overturned and Louise is heading for the big house. Edward G. Robinson voice "where's your cuck now?" I posted his post on twitter and it's gotten 25K views so far. Thanks, Smell the Glove Chris
Forgotten 80s Mystery Click That Sums Up the Democrat Communist Party Today
Something is wrong as I hold you near Somebody else holds your heart, yeah You turn to me with your icy tears And then it's raining, feels like it's raining
"It's f**king f**ked."
-- reportedly a genuine comment offered by a "senior Labour source" Correction: I wrote that Labour is losing 88% (now 87%) of the seats it is "defending." I think that's wrong. The right way to say it is the seats they are contesting -- that is, they don't necessarily already hold these seats, but they have put up a candidate to run for the seat. It's still very bad but not as bad as losing 87% of the seats they already held. Basil the Great
"The end of the two party system in the UK" as first the Fake Conservatives and now Labour chooses political suicide rather than simply STOPPING THE INVASION
Incidentally, the only reason this didn't already happen in the US is because of the Very Bad Orange Man (who is right on 85% of all policy calls and extremely, existentially right on 15% of them)
No political party that is NOT also a doomsday religious cult would EVER choose a cataclysmic loss -- and possible extinction as a party -- to support a toxically unpopular favoritism of NON-CITIZEN ILLEGAL MIGRANTS over actual citizen voters.
Only a cult does this.
Now they've lost 84%.
Annunziata Rees-Mogg Update: They've now lost 88% of the seats they're defending. As I mentioned earlier, I think I heard that London will not bail them out, as many of those Labour seats will probably flip to "Muslim Independent" or Green. Detroit's 5am vote will not save them.
Yup, Labour is losing 80% of its seats...
The British Patriot Wow, up to 1700-2100 seats. It's not incredible that this is happening. It's incredible that the Davos crowd is so absolutely determined to privilege Muslim "migrants" over the actual native population who elects them, no matter how loudly the natives scream that they want to be prioritized, that they will gladly self-extinguish as a party rather than simply representing the interests of their own voters. Astonishing. Remember, when they call other people "cultists" -- they are the ones so imprisoned in their social reinforcement and discipline bubbles that they will choose political death rather than dare upset the Karen Enforcement Officers of their cult. Update: Now they've lost 83% of the seats they were defending. (((Dan Hodges))) Nick Lowles
STARMERGEDDON: In early returns, Reform gains 135 seats, Labour loses 90, the Fake Conservatives lose 36 (and I didn't even know they could fall any further), the Lib Dems lose 4, and the Greens gain 6. Note that the only other party gaining seats is the Greens and they're only gaining a handful of seats.
Update: Reform now up 145, Labour down 98. Labour projected to lose Wales -- where they've ruled for 27 years. Fulton County Georgia just discovered 400 boxes of ballots for Labour Update: REF +156, LAB -107, CON -45 Brutal: In four out of five council seats where Labour is defending, they've lost. 80%. I'm sure it's not this simple, but Reform is straight taking Labour's and the "Conservatives'" seats. They've lost almost exactly what Reform gained. If understand this right (and warning, I probably don't), all of London's council seats are up for election, and Labour might lose hugely there, as their old voters abandon them for Reform, Muslim Indenpendents, and the Greens. REF +190, LAB -134, CON -56.
Updates on the Labour collapse in council elections -- which wags are calling #Starmergeddon -- from Beege Welborne. There are about 5000 seats up for grabs, Labour is expected to lose 1,800, Reform will probably gain 1,580, up from... zero. So this would be more than that.
People claim that while Labour has adopted the Sharia Agenda to appeal to the million Muslims it allowed to migrate to the country, those voters are ditching Labour to vote for the Muslim Independent Party or the Greens. Delicious. This shadenfreude is going straight to my thighs. Oh, and if Starmer loses about as badly as expected, Labour will toss him out of a window Braveheart style and replace him. He will announce he is resigning to spend more time with his Gay Ukrainian Male Prostitutes.
Media bias and senationalism are as old as, well, the media:
![]() That was written by Denny O'Neill and illustrated by, get this, Frank Miller. Editor to the Stars Jim Shooter was in charge at the time. I always thought the gag was original to the comic book, but in fact the "Threat or Menace" headline was a satirical joke about media bias and sensationalism for a long while. The Harvard Lampoon used it in a parody of Life magazine: "Flying Saucers: Threat or Menace?"
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