nO....
2006-10-29 10:42:07
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answer #1
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answered by Juliette 6
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That is a good question. The housing market is starting to tank in most places. The Fed has stayed steady on rates to stave off inflation, but soon they may need to charge the slumping housing market because it is a key indicator on the well being of our economy. However, our stock market has hit a record for serveral days in a row...what gives?? I'm sure lower gas prices helps not to mention the upcoming election.
We buy more goods from other countries than we export so that is not good either. All I can say is if the Democrats take over the house, our taxes WILL go up and that money going into the coffers should be used by the public on commerce.
Like I said good question..will be reading the other replies..
2006-10-26 22:38:39
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answer #2
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answered by AmplePressure 2
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It is doing remarkably well. Not just the stock market, but the number of jobs and pay are up.
The size of the national debt is down, especially in proportion to gross national product. The only thing lagging is the resale of existing houses, which is a problem since for most people, there house is their largest asset
by worth, and the value may be dropping in some areas.
2006-10-26 22:38:46
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answer #3
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answered by Susan M 7
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It's not great, but I would say fair. Unemployment is reasonably low. Stock prices are high. Interest rates aren't too high, but home prices are having trouble. The price of gasoline is lowering because of the election. The government deficient is high, but not discussed much. However, what is the forecast for next year? Let's hope good fortunes for everyone!
2006-10-26 22:41:05
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answer #4
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answered by bonacker 4
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no....the foundation our our country, automotive, has taken a hit and continues to take a hit ever since 9/11.
GM, Ford, all the big boys are reorganizing, slashing thousands of jobs, cutting pensions, dividends on stocks, you name it to stay alive.
Ford alone reported for last quarter they lost 8.1 billion....BILLION. GM has been in the same boat as well losing in the billions.
If either of these companies collapse....you will see a ripple effect through the economy like no one alive today has seen, not since the depression.
Then figure in the billions the illegals are shipping back to Mexico instead of spending here. And add in the multi billions that Wal Mart hands over to China monthly for the goods they stock their shelves with.
All this American money but its going out of our country...then you figure we are borrowing 2 billion a week from China to fund the iraq war.
Any basic 5th grader can do the math and see it can't add up.
2006-10-26 22:38:50
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answer #5
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answered by Anonymous
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You're darn right the economy is good right now. Best
it's been for many years now. We have had many
rough years in the past ( no jobs, long lines at the gas
pumps, ration stamps, travel at a standstill, wars and
more wars, air raids, and slumps in many businesses.
We are living the good years right now. Enjoy them as
it can change in a heartbeat.
2006-10-26 22:38:59
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answer #6
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answered by Anonymous
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It's not a question of what I "feel." I feel that the cost of goods and services has increased substantially in the last couple of years - but my paycheck hasn't increased proportionately. I sure feel that!
But forget feelings, let's look at the record. Personal income has grown an average of 1.4% over the last three years, but inflation has grown an average of 3% per year during that same time. Growth slowed for the nation in most states last year. Growth in real U.S. Gross State Product (GSP) slowed from 4.2 in 2004 to 3.5 in 2005. Those are real numbers, and they don't feel good to me!
2006-10-26 22:52:45
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answer #7
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answered by keepsondancing 5
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the best I've ever seen I'm forty years old and i make more money than i ever made before and i see more home construction then i have ever seen and i did construction fifteen years ago. i hear every few days records broken at the stock market. what else am i to believe. oh yea unemployment has been lowest in years. i live in NJ and we have the lowest in years.
2006-10-26 22:37:37
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answer #8
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answered by tan t 3
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The Dow Jones is aroun12,000 the best in 20 years, sounds good to me.
2006-10-26 22:36:07
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answer #9
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answered by BUTCH 5
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our economy is super strong ,only the liberaly run media dosint want anyone to know it is, think about it, our enimys have bene waging war on us on every front even financial and our economy is growing, you tell me.
2006-10-26 22:37:58
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answer #10
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answered by a1 3
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It is great for entreprenuers and stockholders. But for blue and white collar, it is good in that we have employment, bad in that wage gains aren't as strong.
2006-10-26 22:39:13
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answer #11
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answered by WJ 7
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