Huge debt is what we have not huge ownership .balance the debt against the growth and you will see the real growth is stagnant and declining with banckruptcy and a reversal of property values .We are lossing ground not gaining .
But as we are falling a man is handing us a double cheesburger and fries to eat so when we hit bottom we are a bunch of fat lazy pigs .
2006-10-22 07:37:42 · 19 answers · asked by playtoofast 6 in Politics & Government ➔ Politics
Let's look at the real numbers and that is the middle class. More homes are being for closed on ,more credit card payments are pass due ,and more people are filing for bankruptcy.
These are the numbers we need to worry about because it is the middle class that keep America what it is.
2006-10-22 07:47:43 · answer #1 · answered by withoutaname 2 · 3⤊ 3⤋
What is artificial about a 4.6% unemployment rate? what is artificial about the dow up over 12000. What is artificial that the reduction of the deficit is accelerated due to the revenue generated by the tax cuts, actually 3 years ahead of schedule? We have had more home ownership under this administration than anytime in history.
Are you measuring the economy on property values? Those values have been a sine wave throughout history, so that is no indicator of the economy. Bankruptcy are due to people pulling money out of their homes to the max, and now the arm has matured and the interest rate is going up. And the home is no longer the value it was, so they are now upside down in the house. This happened in the 90's too. It's not uncommon, its just a cycle.
2006-10-22 14:45:46 · answer #2 · answered by Anonymous · 1⤊ 2⤋
They believe what they want to believe no matter what you tell them.
The economy is not in good shape right now and another recession is forthcoming. Put down your credit cards people!
An economy sustained on consumer debt wont survive.
Oh hey 9-11 just happened what can you do? Go shopping!
2006-10-22 14:59:10 · answer #3 · answered by stephaniemariewalksonwater 5 · 0⤊ 0⤋
Facts about the economy measured by stats:
1. Unemployment is down as is underemployment
2. Most people own their own home,including people below the poverty level.
3. Speaking of the poverty level, the number of people below it is at an all time low.
4. Gas and heating oil prices are plumeting.
5. The stock market is surging.
6. The value of the US dollar is surging.
7. The deficit is way down.
8. Our trade deficit is down. However, our trade deficit specific to China is way up. Although that is good economically, it is bad politically.
9. Crime is way, way down. Although, I completely disagree with this, many people consider poverty to be the root cause of crime. If crime is down, this is a big sign that poverty is down.
10. Liberals are bellyaching about the economy. This is a sure sign that the economy is healthy (liberals are desperate to make it seem the economy is in the toilet).
2006-10-22 14:44:11 · answer #4 · answered by Anonymous · 1⤊ 2⤋
I read one of your previous questions about your grandparents house.If you do the research you will find price compared to income today we are much better off than your grandparents.You think it was better then but you weren't there and their memories are just a bit biased the same as mine are on the past but when I do a little research I find the things I would rather forget.
2006-10-22 15:19:04 · answer #5 · answered by Tommy G. 5 · 0⤊ 0⤋
Maybe because there is actual PROOF of a strong economy, as opposed to the artificial hype YOU are giving it...
One thing I can tell you is that the best guarantee that the economy will fail is for the media to predict that it will...
The media in Florida never stopped predicting that the RE "bubble" would burst... If I was a RE company in FL, I would refuse to give my advertising money to these people...
2006-10-22 14:42:53 · answer #6 · answered by ? 7 · 2⤊ 2⤋
I make over 7 digits and a friend of mine who was looking for a job found 19 offers in less than a month ranging from 65K-120K. In fact I don't know a single person without a job who wants one. My parents are struggling, however they've been struggling for nearly 20 years now so there is nothing unique about now. So frankly it seems to be doing fine to me.
2006-10-22 14:43:17 · answer #7 · answered by crookmatt 4 · 2⤊ 2⤋
Well, lets see...I have a job now and I didn't under Clinton's regime.
As for fat lazy pigs, take a long look at Teddy Kennedy. Is he ever awake? Or is he in a perpetual drunken state where he can't stay awake longer than it takes to walk into the Senate? And this is who the Democrats have making decisions for them...
2006-10-22 14:41:58 · answer #8 · answered by Anonymous · 2⤊ 2⤋
I like your analogy. It is all hype. The new GOP campaign ads show Bin Laden speaking. 5 years since 9/11 and Republicans fail to catch or kill Bin Laden, though they paste him in their ads to try and swing the vote to them with promises of safety against this man.
Fear, I believe so.
2006-10-22 14:43:33 · answer #9 · answered by Enterrador 4 · 2⤊ 1⤋
I agree with the pilot. I am paying $1.99 for gas now. Other parts of my state are in the $l.80's.
2006-10-22 14:44:24 · answer #10 · answered by Jean R 3 · 1⤊ 0⤋