The economy is doing really well by any definition. The stock market has reached an all time high based on "revived consumer optimism" But yet Molly Ivin's column today says it ain't so.....that things are really bad.
Why is that when the stock market reached an all time high under Bill it was brillinant leadership but when the market exceeds that of Bill George gets no credit at all from the dems/libs.
Do you dems/libs understand "double standard"?
2006-10-27 01:04:18 · 7 answers · asked by barrettins 3 in Politics & Government ➔ Elections
Asleep you are absolutely right on in your analysis. I have taken several Macro economics courses including graduate level. While you and I understand the President has little to do with the Economic cycle most people do not grasp that. I was only appealing for some fairness. You reasoning is sound and I do agree totally.
2006-10-27 02:06:23 · update #1
The economy is a function entirely of its own accord. It fluctuates from the mean on a pretty standard schedule, and perhaps you'll notice an equation similar to a sin wave growing linearly... Presidents have almost no control over the economy, as does anyone else. Take a macro economics course and you'll see that the while some may believe the president decides the economy, it's actually the economy that decides who becomes president by weighing how "well" the previous one did. George doesn't get credit and in my mind neither did Bill.
2006-10-27 01:10:54 · answer #1 · answered by asleep 2 · 0⤊ 0⤋
I am a conservative and I do not believe the economic news, because I am too intelligent to be taken in by fake news. The economy is NOT structurally strong.
If I was to borrow $1,000,000, I could legitimately claim I was a millionnaire. However, I would have to try to find someway to repay this debt, and my finances would NOT be healthy. I would be able to purchase many symbols of wealth, and I could pretend to be wealthy and I could convice gullible people that I really was wealthy, until the bailifs came to take it all away.
An economy being trillions of dollars in debt to the the international banks, which is being funded by the dollar's status as international reserve currency and the co-operation in that by the Chinese and Russians and Indians and almost everyone else, So long as this remains the case it can continue to stay in a moderate level of debt. The USA relies heavily on the Chinese and Russians maintaining their dollar reserves to maintain this debt. This situation cannot, by any definition, be described as healthy.
Just from a national security point of view it is hurting the US as Bush has not got the power in the UN security council to insist on anything anymore. He wanted chapter seven resolutions drawn up against North Korea and was forced by China and Russia to back down and have resolutions NOT backed up by force.
Why? because the way he has relentlessy borrowed money to fund his catastrophic, delusional illegal liberation of Iraq. He bet that the oil would fund the cost of invasion and the reconstruction and LOST.
Now China has Bush by the short and curlies, if he goes too far for them, they dump their dollar reserves, switching to the Euro, and Americas "healthy" economy collapses overnight. A financial collapse of massive proportions, making the 1929 market crash seem small by comparison.
Do not believe the hype, they are telling you what you want to hear and it is BS!
2006-10-27 09:01:59 · answer #2 · answered by kenhallonthenet 5 · 0⤊ 0⤋
This white hot hatred the media and the left have for Bush has made it impossible for them to think clearly. Any good news is seen as a victory for Bush and the GOP. They would rather see America fail and weaken then see Bush/GOP recieve any credit.
2006-10-27 08:29:22 · answer #3 · answered by digitsis 4 · 0⤊ 0⤋
Imagine the crushing DEFEAT when the capture of Osama Bin Laden occurs or we have Iraq in position to where we can star withdrawing our troops. The libs will be weeping and gnashing their teeth then.
2006-10-27 09:05:35 · answer #4 · answered by just the facts 5 · 0⤊ 0⤋
its merely to try and discredit what the GOP is doing for hopes of knocking the GOP out come election time
2006-10-27 08:05:50 · answer #5 · answered by The Ego 2 · 1⤊ 1⤋
Oh, did you also notice that gas prices went down a couple of weeks BEFORE ELECTIONS??
2006-10-27 08:05:32 · answer #6 · answered by Anonymous · 1⤊ 1⤋
Why do you ask?
Do you have some good news?
I didn't think so!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
2006-10-27 08:13:36 · answer #7 · answered by Anonymous · 0⤊ 0⤋