http://www.nytimes.com/aponline/business/AP-Economy.html?hp
But...but...but....those tax cuts have spurred the economy!
But...but...but....those tax cuts have spurred the economy!
U.S. Economy Grows at Slower Pace Than Expected
- Thread starter conjur
- Start date
Typical.. a smaller rate of growth than expected is considered a disaster by the lefties.. Conjur, there is nothing that can happen that would make you say Bush was doing a good job on the economy.
If there was 10% growth, Conjur would be posting how Bush is letting inflation get out of control.
You are the one calling it a disaster. Why do you think it's a disaster?
I just see it as the economy is slowing down...it's not that red-hot economy the Bushies are trying to pawn off on Americans.
Todd33
Diamond Member
- Oct 16, 2003
- 7,842
- 2
- 81
Economy is flat, more people without health care, more people in poverty, the rich get richer via tax cuts, the worst job growth record in 75 years. I'm not sure how Bush can run on the economy. Maybe he can brag about Halliburton stock growth? Well, corporate income is up, but wages are down... He's good for CEOs at least.
On a much better note. Although I will have to find and pay for my own Health Insurance, I am back contracting in the Wireless Cellular Telephone Industry. I just got done with an Interview and I start on Monday.
A lot better than the $8 and $10hr positions, this one is $23hr.
I'll be in a Switch Offices for the Katherine Zeta Jones Company, travelling the entire Country.
I think the main reason people are attacking Bush for this has to do with the economic advisors saying this is the best economy in 20 years.
That's a pretty bold statement, considering incomes have been down for two years in a row (not positive, but if i'm wrong, please point it out), and this is the 3rd year in a row where we have more uninsured Americans, as well as more Americans in poverty.
GDP growth is not the only measure of the economy. Real wage (nominal wage/price), labor market status, inflation, and a heap of other things that have been mediocre or good (but not great) are being ignored when statements such as those are made. There are still 1.1 million less people w/ jobs than in the beginning of Bush's presidency, and although I am not blaming that on him, I'm just angry that they make such obviously ludicrous statements.
I agree with you Crimson, that some people can never let Bush have a victory, just as others will never say that Clinton did anything well. They'll say "Bush/Reagan" are responsible for the boom of the 90's but neither will acknowledge the other's contribution to those times. I guess I have a question for you, it if turns out that a left wing politician's policy helped the economy, but not as well as expected, would you be saying the same thing?
I'm an independent (hate how both parties are behaving, but I think the republicans are a bit more ugly this campaign), and I will acknowledge when someone does something right, even if I don't usually agree with them. With that said, I doubt most people on this board fall under that category -quite sad.
Hopefully the economy will pick up soon. As long as it's better by the time I'm out of college in three years, I'm happy.
That's a pretty bold statement, considering incomes have been down for two years in a row (not positive, but if i'm wrong, please point it out), and this is the 3rd year in a row where we have more uninsured Americans, as well as more Americans in poverty.
GDP growth is not the only measure of the economy. Real wage (nominal wage/price), labor market status, inflation, and a heap of other things that have been mediocre or good (but not great) are being ignored when statements such as those are made. There are still 1.1 million less people w/ jobs than in the beginning of Bush's presidency, and although I am not blaming that on him, I'm just angry that they make such obviously ludicrous statements.
I agree with you Crimson, that some people can never let Bush have a victory, just as others will never say that Clinton did anything well. They'll say "Bush/Reagan" are responsible for the boom of the 90's but neither will acknowledge the other's contribution to those times. I guess I have a question for you, it if turns out that a left wing politician's policy helped the economy, but not as well as expected, would you be saying the same thing?
I'm an independent (hate how both parties are behaving, but I think the republicans are a bit more ugly this campaign), and I will acknowledge when someone does something right, even if I don't usually agree with them. With that said, I doubt most people on this board fall under that category -quite sad.
Hopefully the economy will pick up soon. As long as it's better by the time I'm out of college in three years, I'm happy.
Originally posted by: conjur
Congrats, Dave.
But, too bad Zeta Jones is otherwise attached.
Thanks
I fly out of here Sunday night to Indianapolis for 2 weeks training. Isn't that pretty close to your neck of the woods???
on the contrary, china has managed 9% growth YoY without massive inflation. although perhaps its thanks to the inflow of American dollars thru their Walmart fund.
who will own us first China or Saudi Arabia?
Conjurer is talking down the economy as usual. Thousands of cars will not be bought, houses will not be sold, appliances will be left at Sears and Bestbuy because of this post. Hundred of thousands will be unemployed as companies cutback on their hirings.
Japan leveled out in the mid 90's their strength was in the Auto market, the big 3 made a comeback and now are gaining good ground.Originally posted by: Todd33
Did Japan put us up for sale then?
China is too muh manufacturing, factories can only take you so far. SA is only natural resources, which can also only take you so far. The countries to be afraid of are India and Pakistan, both are well on thier way(if not doing so already by some standards) to surpassing the US in educating their children.
GoPackGo
Diamond Member
- Oct 10, 2003
- 6,496
- 558
- 126
I was watching a financial news program a few days ago and they mentioned that the fortune 500 companies are sitting on over 560 Billion dollars in cash....they are just waiting to spend it...Bet they dont until after the election...
If they spent that much money...it would add trillions to the economy.
If they spent that much money...it would add trillions to the economy.
ya i read that too, some are predicting a hiring boom.
even if they spent half that amount, it would create 8 Million $35,000 jobs
God I hope so. So far it remains an employers market, people are still being overworked for fear of job loss. A good example of this is the significant spike in productivity over the last several years in contrast to the horrible job market.
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