2006-07-08 11:26:13 · 13 answers · asked by kellzzz24 1 in Politics & Government ➔ Politics
The economy is very good. Unemployment is extremely low, new home construction is up, tax collections are up. The economy is doing so well that the Federal Reserve keeps raising interest rates to keep the economy from running away into massive inflation.
Our true problem is spending. Congress has spent many years now burning through the taxpayers' hard earned money like they're drunken sailors on leave.
2006-07-08 11:33:10 · answer #1 · answered by Farly the Seer 5 · 0⤊ 0⤋
The economy is in real trouble. What growth we are seeing is driven by a self consuming credit system that is out of control. Those pointing out growth, housing sales, unemployment aren't looking down the road. People aren't cashing their checks, paying the bills, going shopping and then depositing the rest in a savings account. The reality is we are cashing those checks and then pulling out plastic to cover what they didn't. Even those with high salaries are living beyond their means. In time credit debt will exceed the ability for many to cover that minimum payment and our economy will grind to a halt.
2006-07-08 11:43:10 · answer #2 · answered by krain723 2 · 0⤊ 0⤋
Do you define Economy as what the papers report or do you want to base it on actual indexes?
Our index growth is great, the stock market is great and personal buying power for most private citizens is at an all time high. Any one who sees the economy as negative will always have a half full glass or at least someone to blame for their situation.
2006-07-08 11:35:06 · answer #3 · answered by amglo1 4 · 0⤊ 0⤋
well... it's a war time economy, with very high debt, so it should be excellent... but I think it's not quite living up to that...
The jobs being created seem to be of lower quality than those that are lost... which is good news for the upper levels of the population... lower wages, due to lower level jobs... but overall, I don't think it will be good for the economy long term...
in short... I think it you're wealthy, it's the best it's been in years... tax cuts for investors (majority of which are wealthy), tax cuts for big business and more business friendly policy...
but if you're not, it doesn't seem so good... the trickle down seems to be trickling down to Chinese residents and not to American ones... interest rates are going up, gas prices are going up, insurance rates are skyrocketing, education prices are skyrocketing... while wages aren't increasing at the same rate...
2006-07-08 12:03:51 · answer #4 · answered by Anonymous · 0⤊ 0⤋
A war economy
2006-07-08 11:49:25 · answer #5 · answered by ggarsk 3 · 0⤊ 0⤋
in 1980 Reagan so we were 1 trillion in debt.and said that going to be an economy Dunkirk,David Stock man his budget director,want to cut and cut,It didn't work,so he left office,now were 9 trillions in debt,500million of the budget each years just pay for the intrest,I spell that wrong.I am worry a lot about it
2006-07-08 11:38:52 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Canadian currency at par for the first time in 25 years.
2006-07-08 11:34:17 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Good, it couldn't be better. At the moment you can buy oil futures with US dollars and in a couple years they will be converted to secure Euros.
2006-07-08 11:33:55 · answer #8 · answered by Rocketman 2 · 0⤊ 0⤋
Excellant and getting better
2006-07-08 11:30:06 · answer #9 · answered by Dr. Bugly 4 · 0⤊ 0⤋
Alive and well, thank you very much !
2006-07-15 02:56:51 · answer #10 · answered by babo02350 3 · 0⤊ 0⤋