2006-10-31 07:20:38 · 9 answers · asked by Anonymous in Politics & Government ➔ Politics
It would be nice if you had 1/2 a clue.
No we're not in a recession.
The dow is not a proxy for the economy. We have been out of the recession for a while now--- that being defined has having positive growth in GDP.
2006-10-31 07:24:44 · answer #1 · answered by dapixelator 6 · 2⤊ 0⤋
The economy is in a lot worse shape than you can imagine. Capital investment is way down, and that's an extremely reliable predictor for the future. Real wages (inflation adjusted) for the middle class are stagnant, a highter percentage of the new jobs that are being created are low skill, dead end jobs, the housing market, another very important component of the economy, is tanking, and there's the small matter of the deficit and the interest on the national debt. There comes a time when the nation will have to pay its bills!
2006-10-31 15:58:49 · answer #2 · answered by Muscat 4 · 0⤊ 1⤋
The Trade defecit has set records for the past 2 years
Comunist China pours billions of dollars of their crap into our country Good jobs go to India and Pakistan
If the economy is so good how come we still run defecits in the 100's of billions. We should be able to balance the budget.
Enron, Worldcom, Tyco steal the the life savings of thousands
EXXON MOBILE made record profits gave its CEO a 400 million retirement package and we got 3 dollar a gal gas
Say goodby to the middleclass and the Ameican dream
fatcats on wall street are not a measuring stick for the economy
2006-10-31 15:28:50 · answer #3 · answered by gdeach 3 · 1⤊ 1⤋
Well if I was a risk taker, I would be short at this level. Since you are long the Dow, perhaps you should pick up an application at Micky D's or Walmart as a backup plan, just in case I'm right. Down with Dictator Dumbya!!!
2006-10-31 16:36:30 · answer #4 · answered by rhino9joe 5 · 0⤊ 1⤋
When a loaf of bread costs $2.50 & a new car is $50,000,
I'm not impressed with the dow at all. Of which has no
affect on my life, whats-so-ever.
2006-10-31 15:23:45 · answer #5 · answered by Calee 6 · 0⤊ 0⤋
Of course!
I have absolutely no evidence to back up my claims, but as long as I keep saying that the economy is in bad shape, it reflects poorly on the Republicans.
Silly.
(bread at my local BI-LO is $.79, and you can buy a car for less than $10k, or some for more than $2.5m... I guess its up to you to be SMART SHOPPER, maybe when you grow up you'll understand...)
2006-10-31 15:24:34 · answer #6 · answered by salaamrashaad 2 · 0⤊ 1⤋
Who said we are in a recession? Democrats certainly don't dispute that wealthy people are getting super-wealthy right now!
Now, about the other 98%...
2006-10-31 15:37:20 · answer #7 · answered by thehiddenangle 3 · 0⤊ 1⤋
just wait till the election goes by
2006-10-31 15:24:04 · answer #8 · answered by steve c 4 · 0⤊ 0⤋
highest national debt in US history....
stay in school
2006-10-31 15:39:19 · answer #9 · answered by bush deathgrip 2 · 0⤊ 1⤋