how is the economy good? (crime is up, unemployment up, gas prices up)?

Question

how is the economy so good when prices are going up and saleries aren't being adjusted to inflation. while ceo's continue to get tax breaks and corporations expand while workers benefits are cut and jobs are outsourced.

for the ignorant- crime is a outcome of a bad economy the worse the economy the more people will commit crimes to feed their families.

Answer 1

As a rule when they argue that the economy is good it is because of the increase in jobs. Which there is an increase and a rather large one, unfortunately it is mainly in very low-paying jobs, jobs that quite a few are unwilling to take (very hard to work at McDonalds after practically any other job).

Bush is arguing trickle-down economics. The rich are making much more money, and it is assumed they will use this money to create more businesses to make themselves more money, but the natural side effect of the rich creating more businesses for themselves is that there should be more jobs for the rest of us (blue-collar workers). We have yet to see it actually work out, and it didn't do so hot when Reagan gave it a shot, but the theory is a sound one. I just don't think it will work in the end myself, but I'm not an economist.

Answer 2

Um...crime is not part of the economy. Crime results from a weak social structure, not economic woes. Honest people don't steal, even if they're poor. If they're dishonest, the only difference is whether they steal from their neighbors instead of from their jobs.

And, for those of you who have no perspective (like you're 20 years old, and have nothing to compare it to), this economy is not bad at all. Get a grip on reality. This is way low unemployment, the economy is booming, corporations ARE expanding (how is that bad?) and jobs are increasing. And outsourcing of jobs is neither new nor a sign of a weaker economy.

Now, I agree with you that inflation is starting to become a problem, and I think that's the real achilles heel of this administration's policy. I think you might just see a weaker economy in the future resulting from this administration's policies. But you won't see that in full bloom until 2008 or later. Probably, the next president will get blamed for it, because people are foolish about economics.

If you want to rant and rail against government policy, at least get your facts straight. It's so frustrating to hear people get it all so wrong. No wonder we elect such idiots!

Yeah, so what if you don't like Bush. Tell me what there was about Kerry's economic policies that was any better!!! That's right, NOTHING. They were virtually identical, and equally foggy.

Answer 3

Wow. You're wrong on so many points it's hard to know where to begin.

The economy, since Bush forced through tax cuts in his first term thereby igniting the economy and fixing the recession he inherited from Clinton, has been on an unbelievable roll. Real household wealth is at an all time high, there are more homeowners than ever, corporate profits are at historic highs while real income (which isn't supposed to be "adjusted for inflation") has increased, on average, for all working Americans.

In fact, the number of unfilled jobs, as reported by the Department of Labor, has INCREASED to more than 5 MILLION from the 2.2 million just two years ago. The economy is so hot that employers can't find enough employees ... might be a reason why so many people don't mind Mexicans coming here.

Answer 4

Crime is up as a result of the liberal criminal-coddling policies of the 90s. We are now seeing how well that worked. (And seriously, how many people are stealing loaves of bread to feed their families? Not too many, I can guarantee you that, it would make front-page headlines if that were the case.)

Unemployment is very low right now, even the liberal media has to admit that. What they are complaining about is taht not enough new jobs have been created. However, if unemployment is low, how can we keep creating jobs? There has to be someone to work at these created jobs.

Gas prices are up. That is not the fault of the government. That is due to something called DEMAND. We, as consumers, set the prices for gas. If we didn't want/need it so much, it wouldn't cost so much.

I haven't had any benefits cut. Neither has my husband or anyone I know. The stock market is doing fine, I'm at a 33% return over the last 3 years.

What exactly are you belly-aching about?

Answer 5

The economy is not all that bad. GDP continues to grow (albeit not really fast-- good thing).

Unemployment is under 5%. IN 92 and 93 it was in the 7% range. In the early 80's it had hit 10% range. Kicker tho is not knowing how many people haven't found employment.

GDP grew at annual rate of 5.3% in Q106 Not bad.

Inflation isn't all that bad either--

But there are problems-- Costs of energy are going to stay high
Our budget deficit is out of control and could be a real problem in the next few years.
Trade deficit has been a problem for decades-- that needs to be fixed too.
Health care costs keep squeasing everybody in the economy from big bus to small bus to the individual.

Answer 6

And what exactly does crime being up have to do with the economy? Sorry, I missed that in economics class....i must have dosed off during that lecture.

And sorry to tell you this, but ur wrong. Unemployment numbers are low, not high, crime is actually down, but gas is up. The stock market is up, hooray. People are earning money, thats why the ecomomy is good. Crime rate has nothing to do with it. Gas prices doesnt either. You are looking at the wrong factors of a strong economy, friend. Plus ur wrong about the wrong factors ur looking at.

Maybe economics is not ur strong point?

Answer 7

The economy is good because the government for the most part is staying out of it. The more they get involved, (with price controls, minimum wage, etc.) the more businesses and consumers suffer. Gas prices are actually going down as the free market is at work, so the next time you see a "bad" economy, look to government involvement.

Answer 8

It's not. Basically, they like to say the economy is doing better when the stock market is on the 'up' which doesn't really affect the majority of ppl.

If you examine wages closely, they are actually going down. Ppl are making less for the jobs. GM is currently in the middle of an employee buyout so they can begin to pay employees less. This is only going to get worse while the price of goods is only going to get higher.

Answer 9

Ist..Crime is down, inflation is stable, the DOW is up, CEO's get what they EARN! As far as your so-called tax info..let me educate you:
The top 5% of wage earner pay 72% of all taxes...the bottom 50% pay nothing after you subtract what they take out of the system.

Get your facts straight then come back and say something half way intelligent

Answer 10

You need to find a better source of information. There are millions of more jobs now then five years ago. Prices go up all the time. I remember ten-cent-a-loaf bread and nine cent a gallon gasoline. Prices go up because employees demand more money per hour. That means employers have to charge more for their products. Which means that employees will demand more money per hour to make up the difference, which means that employers will charge more for their products..... Get the drift.