Further Proof that the Liberals are Wrong about the Economy?

Question

Have they been caught in their lies again? They keep hammering about the deficit and the economy, the Bush tax cuts being irresponsible, etc. But the fact is, the economy is doing well, better than projected, the deficit is being cut at a faster pace than projected.

Read it and weep!

http://www.breitbart.com/news/2006/10/06/D8KJ8R2G1.html

Sitara, where do you think tax revenues come from? If companies are making money, that's a good thing. It means jobs, it means productivity, etc. If companies are taxed to death, that means job cuts, outsourcing, etc.

Answer 1

They are wrong about unemployment, it the lowest it has been since the 1950's.

The government is receiving more money in taxes now than in any period in history, even adjusted for inflation. Because Bush's tax program is working.

The Dow is at it's highest point ever. And these are real gains, not the inflated dot-com economy of the late 90's.

There are over 20 million illegal aliens and over 15 million are working. The 5.4% unemployed are either in areas where local government must change their economy to stimulate it, or they are people who just choose not to work. Many of these illegals are not in minimum wage jobs, many make a decent income; not every illegal is a $5 an hour gardener.

Companies are increasing payrolls faster than any time since the 80's.

This economy is excellent. The libs are feeding the masses lies. They are using the Foley debacle to draw attention from the facts that people are better off now then they have been in almost 15 years.

Answer 2

And how in the world is the deficit dropping? Because it conveniently doesn't mention it on that site. If the deficit is dropping, then the facts are being distorted and exaggerated on your site you have there, which is widely known to be conservative by the way. The only thing helping us is the oil our govt is extracting from Iraq, which has yet to pay for the total cost of the war anyway.
The govt is becoming more wealthy, but the adverse effect is true for the middle-class. This is a reason why more people are forced into employment.
If you know about the market, you will understand that our "economic success" will be short-lived with the few policies in place there are to back it. Maybe you didn't notice, but today I saw the Dow Jones show only red arrows. No greens at all.
Even if we lived in a parallel universe and you were correct, Bush will never reduce the deficit by the amount of money he has so far spent. Not to mention, Bush will continue to spend until he leaves office. Think about it.

Answer 3

You're using "the deficit is being cut at a faster rate than projected" as *good news*? Geez, that's like your doctor telling you that you're going to die of cancer in 30 days instead of 29 -- it's still bad news. And you quoted a notoriously unreliable source.
The economy stinks. All of these things are below 2000 levels: worker production, wages, inflation, unemployment, rate of job creation, rate of growth of the GDP, all stock market indices (except the Dow, which is only 30 companies and all BIG ones that benefit from Bush's big-company-lovefest-policies, and even it took 6 years under Bush just to get back to where it was in 2000), home sales, new home starts, home ownership rates. Interest rates and the deficit are the only things that are UP, and those are both bad things.
Given all those facts, how can you say the economy is "doing well?"

Answer 4

Yesterday's number released by the US Labor Department caused the economy to cough. Only 51,000 new jobs were created, short of the projected 200,000 given the fact the economy is growing. So what does this mean? Now if job growth could fall in line with the economic growth, that would make for a healthier economy.

Answer 5

Its still almost $300 billion and that not counting the deficits that were greater in all his years in office (except for 2001 when he had the benefits of Clintons budget).

Plus, you're not seeing the real budget deficit which is closer to $700-800 billion

There are several things which are off-budget (e.g. Iraq war)

Congress has its own set of books to make themselves look good -- or rather not as bad as they really are.

So much for conservatism from a R controlled House, Senate and White house

Answer 6

There wouldn't be a deficit to cut if this president and congress weren't spending money had over fist just to keep their base happy. Don't forget that this president came into power with a surplus.
Maybe the reason the corporate profits are so high is because the oil companies are having record profits quarter after quarter.

Answer 7

Liberals are always wrong about the economy. They think it's the government's job to keep the economy going at the same time they levy tax after tax against the corporations that actually do keep the economy going.

Answer 8

You are perfectly correct, my friend. Liberals shudder at the thought that the American people might figure out once and for all that tax cuts are good for the economy. It would ruin all their plans to start hiking them endlessly again once they regain power. We must all remember that liberals don't view money the same way the rest of America does. The people believe--rightly so--that our money belongs to us. Liberals have always believed that all money belongs to Big Government. Just more proof positive that liberalism=socialism.

Answer 9

Lets see what happens in 8-15 years when there is no middle class. That is all based on corporate profits. How many of the average american is doing better? The average american is making less than they have been.

Answer 10

Could you explain to me how a smaller than expected deficit is "responsible"? So he is increasing the federal debt a a slower rate than expected. It is still INCREASING the federal debt.

The easiest way to explain this:
Every month you charge $500 on your credit card and pay off $250. One month, you decided to only charge $400, and pay off $250. Using your logic (and Bush's), that would be a good thing, but most logical people see it as still adding another $150 to your debt.