why do liberals deny that the US econmy is BOOMING?

Question

i know, i will hear all sorts of lies and hatred but the stock market doesnt lie aand neither does housing sales and the low unemployment rate.

so vent liberals, call me names i like it!

Answer 1

Because they try to manipulate public opinion by saying whatever is convenient, without regard to fact or reason. Then they take public opinion polls to 'influence' voters and politicians alike...

I am sure unemployment would be a lot lower if we did not have millions of new illegal immigrants among the unemployed.

Answer 2

The unemployment rate is the highest since the great depression. Corporate profits are higher than ever, but the median family income has gone down by over $9000/year in the last 5 years to the lowest rate in history (adjusted for inflation). The US economy isn't booming at all! 0.1% of the people in the country are doing better. Everyone else is doing worse. That is not a healthy economy...that is feudalism and is not sustainable. It will crash if it continues.

Corporate profits has little to do with the overall economy of the nation. It's great if you are the head of a corporation, but the lowered standard of living is bad for everyone else.

Fascism is, in part, the embrace of corporatism. This is what is obviously going on. How do corporate profits help you unless you happen to be one of the moneyed?

Median family income really shows the true state of the economy, and ours is crashing. If you enjoy having blinders on and cheering while your life goes down the tubes, go for it...but don't drag the rest of us down with you!

My father likes to say "Figures never lie, but liars sure can figure". To really understand the significance of statistics, one must understand what the figures are measuring and how. They 4.5% unemployment rate is based on how many new applications for unemployment are approved compared to the number of people in the country eligible for employment. The percentage of people that are actually unemployed or underemployed compared to the number of people that actually want to work (not counting stay at home parents, etc) is more that 13%, compared to 9% at the end of the Clinton administration. You also have to consider which areas the job growth (which has been a net loss every year that Bush has been president and is the lowest percentage in the history of our country) has been in. Service industry (mostly sub-living wage jobs) have grown considerably, while living wage manufacturing and other middle class jobs have dropped sharply.

Answer 3

Housing sales are dropping and we may be headed for a real estate bust similar to the one we had in the 80's. Unemployment figures are notoriously inaccurate since they only reflect government jobs and do not take into account the private sector. Don't believe everything FOX news tells you, go out and read a book. We have not had a minimum wage increase in 10 years! How is that possible in such a booming economy?

Answer 4

Because it isn't. It's growing at a fair clip, but the housing market is beginning to deflate, job growth is pitiful (keep in mind that 144,000 people join the ranks of the employable every month, so a month that creates less than 144,000 jobs means a net gain in unemployment) and real wages have been dropping for the better part of a decade. Is Bush responsible for all this? Hell no; the goverrnment in general has only limited ability to control GDP, but it does shape the direction and tone due to its sheer size, and in that respect his fiscal policies have to be viewed as failures.

Answer 5

Liberals think income polarization is the problem. Basically the rich are getting richer, the poor are getting poorer, and middle class jobs are disappearing which forces the formerly middle class to take lower paying jobs. This is a recipe for disaster especially for the conservatives and for the economy as a whole but the conservatives in power are ignoring it.

Answer 6

I believe unemployment is what 4.5%?
Damn near record lows.
Stock market booms
All in the face of record high gas prices? Which are obviously as you know, now falling.

You can't get a liberal to admit anything that Bush has successfully done. It just won't happen. So they continue to rally the "we hate Bush" crowd and hope for the best. When, back in reality, that's a minority crowd. That's why they continue to lose.

Answer 7

The economy is not booming, only the bottom line of big business is exploding from cheap overseas labor. 70% of our IT jobs have been exported to India. 100% of our textile jobs have gone to China. Nearly 50% of our manufacturing jobs and engineering jobs are now in Mexico. Domistic corporations like GM and Ford, who cannot export labor, are dieing on the vine.
Our government has become a plutarchy, for the rich and by the rich. And you have swallowed the bait hook line and sinker.

Answer 8

It probably depends on how you measure it. If you look at numbers like the stock market, yes the economy is doing OK. Not sure I would say booming but definately not bad. If you look at average American income or amount of disposable income then the ecomony is in bad shape. Since there is no universal measurment that is why you have defering opinions.

Answer 9

the economy is coming back sloooooowwwwly- because of the PEOPLE not because of George W - who was the one to create the brutal DIVE in the economy, plus the one who expanded government, instead of (as promised) reduce it.

And he was the one who blew the surplus and gives RECORD BREAKING deficit on - wow! a great investment like IRAQ-
sweet!

so how much is your gas these days- it was $1.29 when W took office- hows it going on paying rent or mortgage for (americans) ya? Is your job keeping up with the cost of living-

In california, Arnold just signed a bill allowing Walmart NOT to have to provide health insurance to it's workers.

* I hear America the Beautiful playing in the background *

Best,
Omni-

Answer 10

So you can ignore that the housing market is about to burst? You can ignore we are a nation that lives on borrowed money?
Low unemployment numbers mean nothing at all.
I dont want to call you names at all sexy I want to love you with a 2 x 4 and some lube.Maybe not the lube it depends.

Answer 11

It's because they do look at the facts that they come to their opinion. When you say the US economy... that means the whole US economy... not just what you pick to come to your opinion. Remember, we are the United States of America. So when you say the US economy is booming...include all of the economy.