http://www.alternet.org/columnists/story/43430/
2006-10-30 04:21:08 · 13 answers · asked by omnimog 4 in Politics & Government ➔ Politics
The economy is doing OK -- but not remarkably well. We still haven't caught up to the broad positions of strength the economy enjoyed in the late 1990s up to 2000. Many economists are projecting a recession (and some are saying it's already started, given the housing market collapse). Productivity is down, real wages are down, GDP is down, trade deficits are up (did you know the US is a debtor nation to every single one of our trading partners in the world?)...
Hardly cause for celebration. That the Dow is up just means that a few big companies have had great results -- hardly surprising given the current administrations taxation and government spending policies. It'd be hard for GE to have a loss when the US government gives them billions in military contracts every year...
2006-10-30 04:26:11 · answer #1 · answered by Anonymous · 2⤊ 0⤋
the link you provided is incredibly biased. The economy is doing ok. Presidents and congress have little to do with how good or bad the economy is. The financial state of America runs in cycles, Good for about 6-8 years, poor for about 2-4 years. It has been that way since the early 19th century regardless of who is in power. We the American people are the determining factor of how the economy fares, not the government. That is not to say that sometimes the government cant influence economic factors, but for the most part that influence is minimal.
2006-10-30 12:34:02 · answer #2 · answered by Anonymous · 1⤊ 2⤋
Actually, the economy is doing great considering how far we have come since 9-11. Do you remember the recession that 9-11 caused. We have retaliated well and now the economy is on the move... UP!
2006-10-30 12:30:20 · answer #3 · answered by blahbluep 2 · 0⤊ 1⤋
Only for the wealthy. The dow is up but housing prices are dropping like flies, gas prices are still high and we're still shipping our jobs out to Red China faster than you can say Wal*Mart.
2006-10-30 12:23:03 · answer #4 · answered by Do You See What Happens Larry? 5 · 0⤊ 1⤋
Only if you believe the government's "facts" and figures. Please keep in mind that they calculate inflation by ignoring housing and transportation costs but instead base it on the cost of a dish-washing machine (aka durable goods)
2006-10-30 12:24:14 · answer #5 · answered by mymadsky 6 · 1⤊ 0⤋
yes despite the rantings of the Dems
2006-10-30 12:23:05 · answer #6 · answered by Anonymous · 1⤊ 0⤋
Yes, esp considering all the obstacles it has had to overcome.
2006-10-30 12:22:56 · answer #7 · answered by yupchagee 7 · 0⤊ 0⤋
There is a big diff in my paycheck and my checkbook. Does that answer your question ?
2006-10-30 12:26:56 · answer #8 · answered by R W 6 · 1⤊ 0⤋
dude $ is loosin its value every day and d inflation is as high as ever.
Wut do you think????
2006-10-30 12:24:34 · answer #9 · answered by edgar h 2 · 1⤊ 0⤋
I am doing pretty well ...thank you
2006-10-30 12:42:36 · answer #10 · answered by Anonymous · 0⤊ 2⤋