news-record.com

Dan, instead of taking JDR's link from above as the absolute truth ,I decided to read the entire article. I suggest you do the the same and you will see as usual he left out some interesting tidbits like this: "Aftermath
Recovery from one of the Nation's most severe recessions
since the 1930's was underway in the first half of 1983 ;
inflation had abated and interest rates had fallen enough to
induce some consumers to purchase large ticket items . The
degree to which consumers continue to increase spending
on a new car, house, or other major items will strongly
influence the strength of the recovery . However, despite the
step-up in production, capital spending has remained weak
during the first half of 1983, perhaps because manufacturers
recognize that consumer spending has not been consistently
strong in recent years . For example, the auto industry had
increased production levels substantially from a year earlier ;
but, while machine tool orders, often an early indicator of
trends in capital spending, were on the rise during the first
half of 1983, some manufacturers of autos and other goods
were delaying taking delivery of (and thereby actually purchasing)
new machine tools until demand for their own
products strengthened or until interest rates improved .
Employment losses in steel and auto manufacturing, and
in several of their supplier industries, are not solely the
result of the last cyclical downturn but also reflect a restructuring
of these basic industries to deal with increased foreign
competition, high wages, plant inefficiencies, and reduced
demand. Although recovery trends in autos and steel were
evident by late 1983, neither is expected to reattain previous
peak employment levels ."
Other durable goods industries, such as fabricated metals
and machinery, are not experiencing long-run secular declines
and are thus expected to resume their prerecession
growth patterns . The electric and electronic equipment industry,
in particular, is expected to grow quite rapidly during
the 1980's, consistent with the strong demand for computers
and telecommunications products . Despite projections of
rapid growth, this industry is expected to account for only
a small proportion of total future employment growth, because
it has a relatively small workforce with high productivity
. However, while there may not be a large number of
jobs created in firms producing electronic components, there
could be sizable job growth in industries using their products-
computer and data processing services, defenserelated
industries, communications services, petroleum and
natural gas extraction, and many more. Defense spending
should also boost the effects of the recovery in a number of
industries, but is more likely to benefit the community in
which a defense contractor is based rather than an industry
as a whole. In light of all these factors, the recovery of
durable goods industries from the 1980-82 recessionary
period could be slower and more calculated than during past
expansions."

James also mentioned joblessness, Reagan and a number of other things. How do you know what rmacz's comment was in reference to? Just another case of you jumping to conclusions.

Yeah, I kinda miss the daily "you are nothing but a toothless, retarded hick with last night's supper on the front of his shirt who got a computer for Christmas" routine. The 'tin horn flag waver' is a classic, but he will be forever be linked to 'flaggate'.

He made a big deal of knowing Kay 'n Chip and when she got elected, he disappeared. Are we to think he is now rubbing elbows with Dingy Harry and John Kerry? (btw, rumour has it that Kerry served in Vietnam, can you confirm this?)