Do you think the American economy is as good as President Bush and Wall Street proclaim it to be?

Answer 1

The economy is doing WONDERFUL. If you happen to be part of the richest 1% of Americans. The stock market is up, which benefits only them. Taxes cuts that affect only them are still in place. And pay is WAY up. A TYPICAL CEO now makes 1000 (!) times what a typical employee in his company makes.

If, on the other hand, you're part of the middle and lower class... well, this ride isn't for you. While stastics show that employment is up, what they don't indicate is how UNDERemployed people are. Considering that the minimum wage hasn't changed for the better part of a decade while inflation is happily on the march, many people are earning less adjusted dollars now than they were just six years ago.

And, of course, when you average the super-rich into everybody else, things look rosy. So who cares that virtually all of the economic growth is going to the hyper-rich and virtually none of it is 'trickling down'? Just the other 99.9% of America.

Answer 2

Yes! Bush and the Wall street don't make up the statistics they get these statistic and info from government agencies like GAO the same ones they used when Clinton was president the only difference is the press praised Clinton everyday for the economy, since the press dislike Bush so much what makes you think they would give him any credit?

Answer 3

WOW... our economy is good because real estate has tripled!!? You must not see how this kills the dollar. Real estate tripled because in order to snatch more money from the avg person you need to tax more. 8.7% of 100k is nothing compared to 8.7% of 300k. This way it is hidden from the tax increase most people think of from their pay checks. Also on the topic of using real estate as a barometer for the economy, take a look at the East and West coast values.... They have been driven up so far beyond a reasonable rate they are now stabilizing and getting ready to take a nice plunge.

And I agree with the outsourcing... We are all getting paid so that we can put our money back into a nice large corporation to hoard a fat retirement plan for the few at the top while saving millions on paying 10 cents on the dollar to the Indian and Chinese worker.

What a Great American economy our kids will be learning about in their history books written in Chinese.

Answer 4

I do think the economy is as good, if not better, then we are told. Although President Bush and Wall Street don't know everything, Alan Greenspan has suggested that the economy is doing very well.

Answer 5

Yes, the economy is currently very strong. Pretty much everyone I know who are in the ages of 22-26 are doing well. Investments are performing well this year and even inflation is only a bit higher than it should be.

I do think there is a growing gap between the rich and poor and that will have to be fixed in the next decade. Overall though, people have jobs, salaries are decent, inflation is in check, interest rates are good, and stocks are on fire. Can't beat that.

Lastly, if you think this is a weak economy then you are in trouble.

Answer 6

One could only hope. a simple look at my bank account tells me otherwise.

Wall Street is all about stocks. Less than 20% of Americans own 80% of the stock in America. In other words, the rich are getting richer. Wall Street has no bearing on the lower and middle class which includes the vast majority of Americans.

In the Bush economy:

college tuition has doubled
health care costs has doubled
the national debt has doubled
5 million more families have gone into poverty
record numbers of home foreclosures
record personal debt (credit cards to exist)
record lows on personal savings

and so on, and so on.....

Answer 7

Yes. Gas prices have decrease enormously and I feel as an economy, Americans who want to "do well" are not really complaining. Everytime you mention Bush, people can't help but to feel that The Iraq War still plays apart on largely on our Defense and that can make for a critical eye on the economy.
Now Smile!

Answer 8

Absolutely not! The economy is in huge trouble. See the Economic Institute for some analysis of the numbers.

http://www.epi.org/

This Gov site will give you data on how much of our debt is owned by foreign entities. Hint: It's around 51%, China is our #1 lender which also happens to where we get most of our goods more & more as we manufacture less & less. In the "old" days(like 1990), foreign debt was considerably less.

http://www.ustreas.gov/tic/shl2005r.pdf

The information is there for the reading, although it's much easier to watch the pundits pretend everything is great!

Answer 9

No, its much better.

Anybody crying about a weak economy right now has no idea whats going on. Housing values TRIPLED in some urban areas under a Republican congress. The markets are up as well, making HISTORIC levels. This is what we saw from the Republican congress under Clinton after the Republican revolution of 1994. They need to slow our growth a bit to tame inflation (& Bernanke is doing this like an artist) and we're golden.

Answer 10

No, once they have out sourced all of the labor in the United States then there will be no economy. Our government is a what can you do for me government. Politicians vote to pass bills not for the good of the people but for the betterment of themselves. Take NAFTA and CAFTA they are free trade agreements that was so important for our country and they were supposed to create all these jobs but in reality they have costed the American people millions of jobs. America has lost almost all of it's manufacturing sector. Our country was built on industry and now because of all the free trade agreements all the industry is going to China, Pakistan, Honduras, and so on. What will happen if there is another world war, The US will be screwed because we will not have the capability to manufacture goods needed for the war effort. We will be crushed by China or one of these other countries in which we have out-sourced all our labor to. Our country is in bad trouble and I fell sorry for our kids.