Has Bush lost it on the economy? The network news (ABC, NBC, MSNBC, CNN) would have you believe that it is not

Question

The Dow is nearing on 12,000 showing that the economy is strong and has recovered!

Unemployment is at 4.3% the lowest in history.

The Trade deficit has been CUT IN HALF 3 years ahead of scheduled.

The tech industry that got US in trouble the last time for lying to investors is now moving at a decent rate! Sure those jobs don’t pay the same that they use to, but they were filled with corruption and little productivity.

Soon it will be an employees market.

President Bush said that tax cuts would help us, and help the economy. He never reduced spending but increased it in education, and military.

WHAT HAPPEN?

Answer 1

All indicators are that the economy is booming right now. The administration is just doing a horrible job of getting that message out and of course you can't rely on the news media to report on good news from a Republican administration.

Answer 2

I can't speak for anything but Michigan, maybe you should come here and try to find a job. The economy despite it being a war time economy is in the dump and your figures are ambiguous. The Dow just went through a cleaning taking the poor performers out and putting winners in. So that figure is probably not a good indication. The unemployment figures are not even close as they only count those still on unemployment many more then that have run out of unemployment and are not being counted. The tax cuts went to the top 5% of the people and the middle and poor got very little, I think it is figured that the middle class got $20 that's all $20 is not that much help. Supply side economics has never worked, not with Nixon, Not with Reagan, Not with the first Bush and certainly not now.

Answer 3

The United States is currently borrowing $665 billion annually from foreign lenders to finance the gap between payments to and receipts from the rest of the world, an amount equivalent to $5,500 per American household. This borrowing entails serious costs for the U.S. economy. However, these costs have been hidden for the past few years, predominantly by the historically low interest rates, which resulted from the Federal Reserve’s attempts to spur economic recovery after the 2001 recession and from a downturn in domestic investment. This happy scenario will not persist indefinitely, and when interest rates rise, the costs of U.S. borrowing will have serious economic consequences:

• With no improvement in the current account deficit, the external debt of the United States will rise from 24% of total U.S. gross domestic product (GDP) at the end of 2003 to 64% by 2014.

• The cost of servicing just the additional debt incurred from 2004 to 2014 will rise to 1.7% of GDP by 2014, the equivalent of $250 billion in 2004 dollars.

Recent declines in the value of the dollar, while a welcome development, must be more broadly based among a larger cross-section of trading partners to bring the international accounts of the United States back into rough balance. Specifically, nations that actively manage the value of their currencies must allow the value of these currencies to rise vis-à-vis the dollar.

Answer 4

Clinton/Gore legacy. Eight years of Peace, Prosperity and a Budget Surplus.
Bush/Cheney: We, live under the rule of the largest civil government, measured in budgetary terms, in history. Federal spending alone in fiscal year 2006 is expected to be over $2.7 trillion, which means the federal government spends $7.4 billion a day or $5.1 million in every minute of the year.

Answer 5

Our unemployment rate may be down but what kind of jobs are they? Our government seems intent on sending good paying blue collar jobs to foreign countries!
We are up to our neck in dept to China...

Our government is failing middle-class Americans!!

Answer 6

Within 5 years the US will suffer one of the biggest economic recession as a result of individual citizen debt and over ex tented commitments globally which will increase the overall US debt. You got it, he screwed up major.

Answer 7

Well, when the economy was bad, the liberals said it was Bush's fault.

So I hope they are praising him for such a strong economy now.

Answer 8

Ask Michigan.

Answer 9

It's called tax cuts works every time it is tried.

Answer 10

millions to fund a pointless war, really what do you republicans think will be accomplished when the war ends? And when nothing is I want you to email me to tell me what was accomplished