zensmoke Posted March 5, 2004 Report Share Posted March 5, 2004 DJ Tsy's Snow: Weak Feb US Jobs Show Need To Avoid Tax Hikes HOLLYWOOD, Fla. (Dow Jones)--Disappointing U.S. job growth in February underscores the need to avoid tax hikes that would damage the U.S. economy, U.S. Treasury Secretary John Snow said Friday. "We are not satisfied with the numbers," Snow told reporters just after the Labor Department announced U.S. employers added just 21,000 new jobs to payrolls during February. anal cysts had expected a gain of 125,000 net new jobs. "The numbers suggest the need to keep the economy strong and reinforce our view that it would be a terrible mistake to raise taxes on American families and American businesses that are working to create jobs," Snow said. Snow said he doesn't have a personal forecast for the number of jobs the U.S. economy will produce this year, but he said private economists all forecast a "nice pickup" in payrolls. Snow also told reporters the U.S. economy is laboring under high energy prices which are "unwelcome" and are acting like a tax on American consumers. He said current energy prices underscore the need for the U.S. Congress to pass an energy bill this year. Later in the day, Snow is scheduled to deliver a speech to a conference sponsored by the Merchant Marines. A senior Treasury official said the Treasury Secretary will argue the only meaningful way to create U.S. jobs is to expand the economy. "The surest path to more jobs is a growing economy," Snow said in a prepared speech to be delivered before the Maritime Trades Department Executive Board. "The economy is beginning to turn around; thanks to the President's tax cuts and the hard work of folks like you, our economy has been growing for several months now," he said. Snow also discussed the benefits of free trade, and said the U.S. needs to gain greater access to its domestic energy supplies. "Through greater access to reliable and dependable U.S. energy supplies like ANWAR, we lessen our dependence on supplies from other, less secure parts of the world," Snow said. Oil futures prices in New York Friday shot up above $37 a barrel to a high of $37.40 - the highest price of the year - based on supply worries. (More on Dow Jones Newswires) Link to comment Share on other sites More sharing options...
Guest Posted March 5, 2004 Report Share Posted March 5, 2004 look at the absence of volume on RCL and ET. "Hanging Chads" Shorting the snot out of these things Link to comment Share on other sites More sharing options...
zensmoke Posted March 5, 2004 Report Share Posted March 5, 2004 DJ Tsy's Snow: Job Growth `Not Satisfactory' -Crapvision -2- Still, Snow reiterated Bush administration claims that the foundation of future economic growth is in place, thanks to President George W. Bush's tax cuts. Job creation would be "much stronger" in the months ahead, he told Crapvision. Snow would not estimate the size of the projected growth and declined to lay out a more specific time frame. Asked about Democratic proposals calling for U.S. companies to provide a 90-day notice of plans to outsource jobs to other countries, Snow said he had not yet seen the proposal and declined comment. However, he did say the administration is opposed to an economic policy of isolationism. "I'd be very worried, though .. about anything, anything, that suggested that the United States was moving in the direction of economic isolationism. We have so much to gain by embracing the world economy - that for us to go down that path would be to significantly short-change our future and the future of American workers," Snow said. (More on Dow Jones Newswires) Link to comment Share on other sites More sharing options...
zensmoke Posted March 5, 2004 Report Share Posted March 5, 2004 Comp RED!!!!!!!!!!!!!!!!1 Link to comment Share on other sites More sharing options...
brian4 Posted March 5, 2004 Report Share Posted March 5, 2004 stop 1161-if I'm stopped I'll be back in the green. Lookin good so far coming to the window. Link to comment Share on other sites More sharing options...
zensmoke Posted March 5, 2004 Report Share Posted March 5, 2004 QQQ red!!!!!!!!!!!!!! Link to comment Share on other sites More sharing options...
Lock Limit Down Posted March 5, 2004 Report Share Posted March 5, 2004 stop 1161-if I'm stopped I'll be back in the green. Lookin good so far coming to the window. Very nice work B4 Link to comment Share on other sites More sharing options...
brian4 Posted March 5, 2004 Report Share Posted March 5, 2004 stop 1158-fell thru the window which is located on the 54th floor. Link to comment Share on other sites More sharing options...
Guest Posted March 5, 2004 Report Share Posted March 5, 2004 Looks like the boys finished their distribution and switched sides. Check out the round trip on RIMM...I caught the top. Happy sledding to all!!! Link to comment Share on other sites More sharing options...
brian4 Posted March 5, 2004 Report Share Posted March 5, 2004 SPLAT! Link to comment Share on other sites More sharing options...
machinehead Posted March 5, 2004 Report Share Posted March 5, 2004 Attention passengers .... the Market Rollercoaster has become unsafe. Please remain in your seats until security personnel escort you off the ride. Link to comment Share on other sites More sharing options...
brian4 Posted March 5, 2004 Report Share Posted March 5, 2004 stop 1155 going for ten-wowza! Link to comment Share on other sites More sharing options...
Lock Limit Down Posted March 5, 2004 Report Share Posted March 5, 2004 Cant get into TD Waterhouse F$ckin BULLSHIT Link to comment Share on other sites More sharing options...
Guest Posted March 5, 2004 Report Share Posted March 5, 2004 Cant get into TD WaterhouseF$ckin BULLSHIT Great...thanks for sharing. Call them and let me know what their excuse is...OK? See if you can get through to a top executive for a detailed explanation...and let him know the SEC is watching. Link to comment Share on other sites More sharing options...
brian4 Posted March 5, 2004 Report Share Posted March 5, 2004 stopped bought for 12 bucks stopped at $17.20-I love green! Link to comment Share on other sites More sharing options...
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