did you know that the bush economy numbers are misleading, the average american is making less?

Question

the price of goods have gone up but not salaries, this is a investors economy. the only ones getting richer are investors on wall street and people who play the stock market as well as corporations.

Answer 1

That's why 62% of Americans aren't confident in the economy. The administration will point to numbers that look pretty, but they don't effect the middle and working classes. It's only getting better for the richest Americans. The rest of America is stuck in a rut.

Also note: this recovery has produced the fewest jobs of any other recovery since WWII. The economy ebbs and flows, sure, but if the numbers are rising, but job creation remains stagnant (it matches population growth right now, so while it's growing, it's net growth over population growth is basically zero) that means it's only the top tier that are enjoying the benefits of the economic recovery.

Answer 2

What's wrong with investors making money? Most American workers are invested Wall Street. Through 401Ks, Pension funds, personal investing in stocks or mutual funds, etc. So their net worth is going up.

You should be ecstatic about shoving this fact in our faces. So why don't you provide a site for this source, so we can all cry and eat crow? You always provide a source (however shaky) when spouting Clinton praises.

Answer 3

~Not only has this administration tried to bamboozel Americans into believing they are doing just fine economically, but you can thank Bush for the following fiscal fiascos:

1. Misleading figures on the amount of oil and gas the U.S. has in its reserves while doing nothing about the rapidly increasing oil and gas prices. Since his family makes big bucks with each oil and gas increase, it's a conflict of interest for him. Family wealth (and Saudi friends) versus American people.

2. Changing the bankruptcy laws to protect the credit card companies.

3. Changing banking regulations to the advantage of foreign investors and to the detriment of American citizens.

4. Supporting policies that provide more monetary benefits to the health insurance companies and less coverage to the policy holders. Over 7,000,000 Americans do not have health insurance due to the rapidly rising cost of coverage. Of this number, 62% are employed in either full or part time jobs.

5. An economic package that concentrated on large tax cuts for businesses and the wealthy and smaller ones for the middle class. He said that that the 2001 tax cuts would create more jobs by increasing the corporate profit margin. Yet, despite these tax cuts, businesses and corporations, large and small, have cut jobs by the tens of thousands. His tax credits have not led to higher employment; quite the opposite. Any decent economist will tell you that tax increases and federal spending cuts lead to an increase in jobs. Bush refuses to do either. Compare this to what happened in the 18 months after Bill Clinton pushed through his 1993 tax increase: nearly 5 million jobs were added to the economy.

6. Bush is the first president in 72 years to record a net loss of jobs during his term — approximately 3.3 million jobs in the private sector. Many of those jobs have gone overseas.

7. Our trade deficit is now at $486 billion and growing. That means that as of 2003, 5% of our Gross Domestic Product was tied up in debts to foreign countries with the interest increasing daily.

8. The rewriting of the tax code to benefit the wealthiest Americans.

9. The number of people living below the poverty line as of 2004 was 34.6 million; more than one-third of them were children. In 2002 alone, 1.7 million people fell below the poverty line.

10. When Bush became president, he inherited a $313 billion budget surplus from the Clinton administration. We now have a budget deficit of half a TRILLION dollars. Other presidents since Herbert Hoover had gone through worse recessions and wars while managing to post positive job-creation numbers.

...and the list goes on.

I am neither a registered Democrat nor a Republican. I became disgusted with both parties and changed to an Independent. My vote is based on the candidate's track record and ability to govern, not on their party affiliation.

Obviously, a lot of Americans cast their vote based on the candidate's party and/or their position on a few "hot issues." Perhaps, if voters paid less attention to campaign ads and campaign mud throwing, and began to pay attention to the person's track record, we might not be in the economic position we are in now.

I pity the next president to take office and have to try to straighten out this mess.

Answer 4

The average American also doesn't need to have an 1800 sq ft house, a luxury car, a cell phone, and doesn't need to eat out every week either. If people would stop trying to "keep up with the Joneses" they could actually save money and suport themselves.

Answer 5

Yes, people are making the SAME as before, but the prices have gone up. The wealth is not trickling down like Cons say it does, it all just stays up with the corrupt CEOs.

Answer 6

good point I don't understand why the truck driver are not protesting like they did with Clinton,When Reagan was in office Our Factory took an 18% pay cut an he was bragging about an 4% inflation.make you wonder sometime

Answer 7

Numbers are tricky. Rest your brain. Go back to reading your comic books.

Answer 8

LORD BE WITH US. THIS ONE'S A GENIUS.

I totally agree.

Answer 9

your right stiff, if you learn to save you will be ok

Answer 10

has he said anything that was'nt misleading?