Treasury's Snow says U.S. economy in 'sweet spot'

[UpInArms]

http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2006-04-26T215501Z_01_N26327629_RTRIDST_0_ECONOMY-SNOW-UPDATE-1.XML

WASHINGTON, April 26 (Reuters) - Treasury Secretary John Snow said on Wednesday the U.S. economy was in a "sweet spot" and said it was important not to unleash protectionist trade forces out of anger toward China.

Interviewed on CNBC television, Snow was asked whether Congressional anger at China's reluctance to let its currency rise might foster passage of legislation that puts up barriers against imports.

<snip>

Snow said the U.S. economy was performing well, which he attributed substantially to Bush administration tax cuts, and said he hoped that cuts in capital gains and dividend taxes would soon be approved by Congress.

"We're in a sweet spot for the economy and we see it in the daily numbers," Snow said. "You see it in the (March) durables orders this morning, up 6.1 percent, I think we'll see strong growth for the first quarter on Friday when that's reported," strong (April) jobs numbers the following Friday when that's reported."

...more...


The estimated population of the United States is 298,593,971
so each citizen's share of this debt is $28,005.95.

The National Debt has continued to increase an average of
$2.06 billion per day since September 30, 2005

[AX10]

1. Of course he went to CNBC for an "interview"

They're all on the same side. :eyes:

[MikeNearMcChord]

2. Don't they test for drugs?

Is Rush missing his oxycotin? I heard he was cranky on his show.

[Waya]

3. Well, sure it is....

...if you're an Exxon Exec......

[opihimoimoi]

4. Sweet Spot my ASS...for them PUBs yes, but for the working class

it sucks and has been under Pub Rule....its all spin from those GOPers....if ya tell often enough,,,it sticks as true

Debt up

Good Jobs down

Fear UP

Homelessness UP

Poverty UP

Progress is down..except for the Bomb Making/etc Companies

Where is the Lychee?

[ReadTomPaine]

5. Sweet spot? Only if you call a grundle a sweet spot.

Look it up ;)

[sandnsea]

6. If you grew up in the 80's,

And were told we were having a booming economy then too, ahem, it was just like this. Shake off anything about economics that you've ever learned from anybody who said the 80's had a booming economy. It was only great for defense and the junk bond kings and the like. Not for working people. We had a couple of years with Clinton, and that's been it since the 60's.

[ismnotwasm]

7. Gross

Do we really have to listen to stupid opinions as well as the sound of boot licking? And I for one don't want to hear a press secretary use terms like sweet spot. To describe ANYTHING.

You're an embarrassment and an asshole, snow.

Hmm, I guess that matchs snow and bush make a perfect match.

[Hawkeye-X]

11. Wrong Snow.

But then again, two snows doesn't make it right.

[ismnotwasm]

13. oops

wrong track mind ;-)

[superconnected]

8. I take it he's invested in Oil and defense.

[rpannier]

9. You know it's a sweet spot if you're

1) an Asian Banker (China, Korea and Japan are the three largest foreign holders of US currency)

2) a member of the Rpoyal family in Saudi Arabia, Kuwait, The UAE, Brunei, etc.

3) an owner of lots of Halliburton stock.

4) the owner of a large repo company or deal in foreclosures

5) a sociopath who thrives on the misery of others to make you feel good.

[Earth_First]

10. Interesting. This sweet spot tastes an awful lot like fruitcake.

(I hate fruitcake.

[Rex]

12. Sweet spot is code for 'paying for gas out the ass'.

Yeah real fucking sweet for corporate pigs and the people who suck their dicks for a living.

[TheCowsCameHome]

14. Hey John, kiss my "sweet spot", you furry-eyed nitwit.

[Lefty48197]

15. The economy has been "strong and getting stronger" for five years now

(if you listen to the liars' club).

[AnneD]

16. UIA....

is it enough that you stir up the SWT, must you stir the pot here too :hi: The last time I experienced a sweet spot, I was getting screw eh er uh umm. Well I'll be, Snow is right, we are in a sweet spot.:evilgrin:

[alcibiades_mystery]

17. The more they say it, the more pissed off people get

These scumbags were at least decent enough in the past not to believe their own bullshit. I think they've slipped over the edge into precisely that. I'm going to have to start posting some "Welcome to the Desert of the Real..." posts for economic news...

[NYC]

18. Must be high fructose corn syrup.

It certainly isn't sugar.

[RUMMYisFROSTED]

19. Sweet spot or brown spot?

*

[InkAddict]

20. I thought a "sweet spot" was between the rock and the hard place eom