When the dow hits 12000 and the price of a gallon of gasoline goes below $2 per gallon on average nationwide and unemployment at 4.6% will they still keep lying about the economy and say it is bad?
2006-10-12 03:14:07 · 9 answers · asked by Anonymous in Politics & Government ➔ Politics
Because if they told the truth, it would make this administration look good.
2006-10-12 03:18:33 · answer #1 · answered by Anonymous · 7⤊ 1⤋
I think you are using rather arbitrary criteria for judging the economy.
Most people are concerned that their incomes have stagnated at best, while increases in profits are going exclusively to top management.
Economists -- and speculators -- try to guess the future. The heavy deficit, and the borrowings from overseas, seem not to have done much damage to the economy -- yet. But as interest rates rise, the USA will be impoverished, the dollar will depreciate (a hidden tax -- in fact the oldest one in the world).
Bad news always gets headlines because it sells papers. It is also wise for those with money (and jobs) at risk to be aware of what is likely to happen.
The Nobel prizewinner this year -- Prof. Edmund Phelps -- won his prize for something encouraging: that inflation doesn't invariably mean unemployment.
But with real estate values falling in much of the country, I think people are feeling worse off. Few people own stocks except through their pension plans; the price of gasoline ($7 a gallon where I live in Europe) may or may not go up this winter. But whatever the media are doing, it isn't lying. They're just not saying what you would like them to say. So start your own blog.
2006-10-12 10:19:20 · answer #2 · answered by Anonymous · 3⤊ 2⤋
Don't be a fool. There are many economic indexes out there, and the price of oil and the Dow average are NOT good indicators of the public spending. Both are highly artificial. IT is no coincidence that the price of Gas is lower today, just before an election! It is the cash register that determines the economic health, and that is the indicator the media is following. IF you think the economy is going well, you live in a vacuum. The Euro has risen dramatically in the past year compared to our dollar, and that is a terrible sign...our inflation and national debt is out of hand, and it is beginning to come home to us, and will get much worse in the future. We cannot have a national debt of 4-5 Trillion dollars and NOT pay the piper.
2006-10-12 10:22:43 · answer #3 · answered by Anonymous · 1⤊ 3⤋
because they can! but as far as my income it has increased 20% over the last three years..another thing the economy is fluctuating but in the upper movements..we are in great shape plain and simple..thr problem with 90% of the us is they wait on the federal government..here in pa we took it to the state government and didn't wait on them..we increased the minimum wage up to i think $7.50 a hour that has to be met in 2 years most are doing it now ! we are starting the push that makes it illegal to rent or employ aliens here illegally..20 of our 60 plus counties are this way now where the people who employ or rent to them get fined and jailed! don't forget we are a democrat state but there is always room to negotiate and we do we are taking back the power from big government and you should to! power to the people! hey i'm a conservative and allot of the democrats around here are conservative as well! take back your state and make it better! as far as the 3 trillion we are in debt,don't worry about it.. what you never here about is the 140 trillion we are owed by other countries ! amazing huh?
2006-10-12 10:30:00 · answer #4 · answered by Anonymous · 2⤊ 1⤋
Don't forget that revenues are up from spending and the budget deficit is down 23.9% from last year, despite Bush's tax cuts and the cost of the war.
OR is it due to the tax cuts? Hmmm. The libs will deny that for sure.
2006-10-12 10:17:44 · answer #5 · answered by El Pistolero Negra 5 · 4⤊ 1⤋
Guess you've never taken an economics class. The Dow is a terrible economic indicator and gas prices are also a lousy indicator as well. The economy is luke warm at best and fluctuates every quarter.
2006-10-12 10:18:51 · answer #6 · answered by Franklin 7 · 1⤊ 5⤋
Yes, until a Democrat is in Office, then they will lie the otherway and say that the economy is great. Thats what they did for slicky willy.
2006-10-12 10:18:03 · answer #7 · answered by danzahn 5 · 7⤊ 1⤋
Because we have a republican in office. It goes against their agenda. The sad part is that many people still believe these lying morons.
2006-10-12 10:19:19 · answer #8 · answered by Anonymous · 4⤊ 1⤋
Yes, it's what they do best.
2006-10-12 10:16:45 · answer #9 · answered by Anonymous · 4⤊ 2⤋