LT Rob Lyon, serving in Iraq I appreciate the support we have been getting here in Iraq. Knowing that folks like you are out there, not just for the support, but to provide much needed diversion, is greatly appreciated.
The first shipments of Chrysler cars built by China's Chery Automobile
Co. could reach the U.S. or Europe within 30 months, Chrysler said on
Wednesday, opening the door for Chery to be the first mainland auto
maker to do so.
Chrysler -- which is being sold by DaimlerChrysler
AG to Cerberus Capital Management -- and Chery will develop,
manufacture and distribute Chery-made small and sub-compact cars in
North America, Europe and other major automotive markets, they said.
The deal was first announced last year but had been delayed by the sale of Chrysler.
The companies said the first auto would be a Dodge model, and as the cooperation developed the partners would look at other Chrysler brands.
A report released today by a marijuana public policy analyst contends
that the market value of pot produced in the U.S. exceeds $35 billion —
far more than the crop value of such heartland staples as corn,
soybeans and hay, which are the top three legal cash crops.
seized on a drop in the unemployment rate to its lowest level in more
than five years to assert today that tax cuts are working and the
economy is strong, giving the party an opportunity four days from
Election Day to highlight an issue it has counted on to offset bad news
about the war.
Hours after the Labor Department announced that the unemployment
rate had fallen to 4.4 percent in October — down from 4.6 percent in
September and the lowest rate since May 2001, when it was 4.3 percent —
President Bush mocked Democrats for predicting that the administration’s tax and spending policies would wreck the economy.
Steve Conover uses an animated illustration to help explain how the national government rolls over debt.
"if our economy continues growing at a sufficient pace, our grandkids
will never have to pay it back. Never. Nor will our
grandkids’ grandkids, either."
That if clause seems key. I'm reminded (from decades ago) of a couple who leased expensive cars with balloon payments. Before the balloon payment was due, they simply traded for a new car at the same dealer, rolling the balance over to the new car. Each time, they were digging themselves into a deeper hole. I lost contact, and don't know how that story turned out.
In February, the administration projected a budget deficit
of $423 billion for the fiscal year that ends in September.
Such a shortfall would set a record and exceed last year's
deficit of $318 billion.
But private analysts and experts at the Congressional
Budget Office have said they believe the deficit for 2006 could
come in closer to $300 billion.
A $123B positive swing. Not bad!
The easing of the deficit has come amid
stronger-than-expected tax revenues in recent months, a trend
for which the administration credits President George W. Bush's
But Democrats ... accuse the administration of
inflating the February original budget deficit forecast to try
to highlight a picture of improvement.
Yeah, right. The Administration was willing to take all that HARSH criticism back then just so it can show improvement now.
"The Bureau of Economic Analysis
once again revised its estimate of the economy’s growth rate upwards.
It’s news of this kind that keeps me optimistic. I continue to wonder
why more politicians don’t pick up on the overwhelming importance of
I’ve recalibrated the Debt Clock (at upper right) accordingly. The
revised growth rate, combined with a month of little change in debt,
reduced the debt-to-GDP ratio by a full half point from 65.1% to 64.6%."
This guy has a way of making me feel better about the US economic situation despite huge government deficit spending. Hope it works for you also.