Why all the gloom and doom?
I hear people talk about the %26quot;mess%26quot; - what mess???? Bush has made a mess of IRAQ but certainly not AMERICA.
I sometimes see bumper stickers that read %26quot;had enough? vote Democrat%26quot; - - - Enough of WHAT? Growth? Low unemployment? Rising incomes?
NO, I HAVE NOT HAD ENOUGH OF THAT!!!!
Low unemployment, low inflation, at the peak of the interest rate cycle - that%26#039;s outstanding performance?inflation rate
Economically I have never been able to figure out what mess people are talking about. Some folks get in over their heads on their mortgages and all of a sudden the sky is falling? Come on people should look around.........
Low unemployment, low inflation, at the peak of the interest rate cycle - that%26#039;s outstanding performance? loan
There has been no mess made of America. I agree that I haven%26#039;t had enough yet either of the booming economy...even my charitable donations are up because my income is! (yes libs my taxes are up too since I make more now, that should make y%26#039;all happy).|||Good post.
We have come through a recession, a terror attack, natural disasters, financing a war, and corporate crime and still have a great economy.
I%26#039;ll take some more of that.|||I think bumper stickers are stupid, but I think the %26quot;enough%26quot; is referring to all the corruption and war.
How great is the economy when it%26#039;s based on credit? Do you think America can borrow money forever?
I see. Well, I do agree with you. I was throwing that out for the sake of arguement. Sometimes I hear about how China owns our national debt.|||You can thank the Fed for those numbers. People forget the mid to late 70%26#039;s and the early 80%26#039;s when we had an inactive and weak Fed. Volker came along and put monetary policy on the right course and since then inflation, unemployment and interest rates have been under control.
People have short memories and forgot about double digit inflation, interest rates and unemployment happening all at the same time.
But then again Carter was president at the time.........|||So many people just have one thing on their mind while cashing their checks,(Bush %26amp; Cheney are Bad). Everything in their lives aren%26#039;t as important as that.|||This is the liberal mindset. Doom and Gloom sells better than happiness. I have done better under Bush than any other President. The voices of the happy are stifled by the voices of the liberal media.|||We are headed into a recesssion. But if the neocons want to stick their heads in the sand--fineby me. It will hit in 2008--and their rhetoric and political slogans won%26#039;t change that. So will rising inflation.|||Wait, soon you%26#039;ll hear the clamor of little propagandist claiming that the low job rate is caused by more %26quot;burger flippin%26quot; jobs, low interest rates are caused by people losing their homes, rising incomes are the rich getting richer off the backs of the poor, blah, blah, blah, blah.........
Remember, they need to convince people that it%26#039;s bad out there, not for them of course, but for everyone else. That message plays well to the ignorant.|||Same with me.|||do you buy anything?? do you have kids in college?? do you pay for any health insurance??
inflation is exceeding wages big time. Real income has been down every year Bush has been in office.
the value of the dollar is at an all time low.
college tuition has doubled since 2000.
health care costs have doubled since 2000.
savings for the average American is at an all time low.
debt for the average American is at an all time high.
foreclosures at an all time high
bankruptcies at an all time high|||Keep drinking that Kool-Aid! Bush has taken us from a surplus to a 3.2 TRILLION dollar deficit. Sooner or later someone is going to have to pay that debt and if he has his way it won%26#039;t be the rich. Unemployment numbers are not high because so many that are out of work have given up and those that do get a job get burger flipping wages. Wake up, you and your children and your grandchildren will be paying for this joker%26#039;s mistakes for the rest of their lives.|||The mess I see is an America that is divided more than even before. People are holding on tight to their partisan titles and refusing to budge.
And, must we remind you, our country is in debt $9 trillion. This after having a surplus of $230 billion when Clinton was in office.
I%26#039;ll also remind you that home forclosures are at an all-time high, the number continues to rise and Americans are in more personal debt than ever before.|||Alan Greenspan was on the Daily Show with Jon Stewart, he didn%26#039;t seem the least bit concerned with our economy. He was very relaxed and confident. I like the money I am making, and I am also giving an increase to charity and paying higher taxes as I move up in tax brackets. Alas, though, we probably should change course so we can actually use Hillary Care.|||Because smart people realise it%26#039;s a house of cardswaving in the wind and at any moment it could come tumbling down.
Stop living right in front of your face, use a little foresight and intelligence. That%26#039;s why we%26#039;re having this housing issue today.|||I won%26#039;t bother answering all of these but you are being fooled by Bush economics. That%26#039;s what Greenspan was trying to say. Tax cuts MUST be accompanied by equal cuts in spending-that%26#039;s supplyside economics. Bush is instead using Keynesian economics(using high goverment spending to spur the economy).
They also believe in positive prapaganda. By making you believe the economy is good, you spend more money which spurs growth.|||Low inflation? Are you kidding me? How about Bush running up the largest national debt in modern US history.
Have you not looked at a simple graph of the DECLINING value of the US Dollar?
Many other countries are now stocking Euros instead of USD.
I highly suggest watching a few documentaries about our money system and how it will eventually collapse.
Remember history class and those Europeans buying a loaf of bread with a wheel barrow full of currency? Or using it for heat in the winter?|||I really don%26#039;t think inflation is LOW. I don%26#039;t know about you, but I pay 300 a week for groceries for my family. That%26#039;s about 175 dollars a week more than 7 years ago. My gas budget is up about 300 a month for my family. Housing has doubled if not tripled in many areas. Yes I have been making more, but Is your standard of living any better? I have much less extra money than I had 7 years ago. That is the mess. Yes I have had enough. Your BUSH stinks!!!!!!! That should be a bumper sticker.|||Under the pretty dress, the underwear has holes.
The mess, is that we have a stock market unrelated to the real or projected wealth of the company. The way we get those rosy figures is to drop the unemployed and no longer eligible. You also have to consider the fact that we have yet to see the tremendous influx of mortgage companies that went bankrupt. Low inflation is a joke, they removed food and energy costs from that equation a while ago, those have been on the increase, along with medical costs, and they far exceed the rate of inflation. But you can buy a luxury car for about the same. I buy a lot more food and electricity and gas and oil than I do luxury cars, but maybe that%26#039;s just me.
The mess most people refer to though is the coming mess where we have to start paying for a war that%26#039;s costing us ten billion a month. Why we can afford to pay for this war when we claim we can%26#039;t afford to give our citizens health care when it would only cost one-twelfth of this per year is another story.
The bills for this war come due after he leaves office. Leaving the next president to in all probability be a one-termer.
So now you know, what looks good on the outside, has nothing to do with whats happening on the inside, but sooner or later, the outside wears thin and we are left with our asses hanging in the wind.|||growth in the U.S. has been the result of borrowing by both the government and people. This can continue as long as someone outside the U.S. is willing to finance our debt and the Federal reserve floods the world with U.S.dollars. It will soon all end in a big,big mess|||2% Inflation. In a recorded conversation today slash interview by Ron Paul, Ben Bernake stated that inflation was running at 2%. You can see it at the URL below. In the interview, Ben said that %26quot;The inflation rate is something we pay close attention to...%26quot;.
Now that is said. Most of the production people in my company has been let go or laid off. The majority of Production is moving to China. And that 2% rate does not include food or gas. If it did the, rate is more like 18%. It looks good but times are tough and look worse ahead.
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