Are you better off? How do you see the economy?
2007-01-11 12:14:19 · 15 answers · asked by antidisestablishmentarianism 2 in Politics & Government ➔ Other - Politics & Government
I myself am, I cannot speak for everyone else.
2007-01-11 12:18:11 · answer #1 · answered by Anonymous · 4⤊ 1⤋
Bush praises the performance of the Dow, it has broken its all time high, he is proud of 12 record closings during his entire 6 years in office that is an average of 2 a year. I wonder what he would do if his performance equaled that of Clinton. Would he claim he deserved the noble prize in economics if he ruled over 277 record breaking days; this is what Clinton accomplished. Clinton averaged 34.63 record days a year. Clinton 277 Bush 12.
On January, 20 1993, the Dow Industrial Average was 3,241.95 on January 20, 2001 it was 10,587.24. The Dow increased by 7345.29 points, it grew 226.57% during the Clinton years. That is 28.32% per year.
The Dow, when Bush took office it was 10578.24 and today it is 12194.13. It has gone up by only 16% in 6 years. That is an average of 2.6% a year. the Dow needs to climb to 23,987.51 in the next 27 months if Bush is to have the same rate of growth as Clinton.
Under Clinton the budget was balanced, GDP grew at a faster rate, more jobs were created, inflation was lower, productivity grew faster, so who did better? That question is a no-brainer, Clinton.
2007-01-11 20:20:19 · answer #2 · answered by in2320 2 · 2⤊ 4⤋
well, since the collapse of the dotcom boom that temporarily boosted the economy (which some uninformed people above want to magically credit clinton for its climb), Bush's policies have reinvigorated it.
Unemployment is below 5%, and 5% is considered full employment due to the transient nature of some jobs. The stock market is hitting record highs (without the dotcom scams). So tell me how the economy is not doing well.
2007-01-11 20:22:37 · answer #3 · answered by Anonymous · 2⤊ 2⤋
If you were to look at the Dow Jones, then yes, however, almost all that money goes to the top 1% of Americans. The middle class and the impoverished have seen an economic decline not to mention the possibly catastrophic effects of our current national deficit.
2007-01-11 20:26:45 · answer #4 · answered by John S 3 · 1⤊ 1⤋
I am better of and I am in the US Army. The tax breaks have helped me buy a home, invest more money for retirement and even save a little. My wife and I both are officers in the Army and we thank god every year for the tax breaks President Bush has given us.
2007-01-11 20:29:09 · answer #5 · answered by Damn Good Dawg 3 · 3⤊ 1⤋
I hate to use an internet slang, but LMAO...hell no. We're screwed. We have such huge deficits that we might as well shoot our children for them with the mess they'll be stuck with, or myself since I'm 20. Our trading deficit with China just reached yet another record high under this president.
The true Conservative agenda proposes spending less, conserving; this wolf in sheep's clothing spends more than a "crazy" liberal while lowering taxes. In essence, the Republican philosophy (at least the neo-con) has been "borrow and spend," as opposed to "tax and spend." They approved raising our national debt to over $7 trillion dollars, but hey, everything's great, right?
Which makes more sense?
2007-01-11 20:25:08 · answer #6 · answered by ajm48786 3 · 0⤊ 2⤋
We certainly are - and we are NOT rich!
Our local economy is absolutely BOOMING. Restaurants and some stores have to close occaisionally due to lack of help. New homes and businesses are coming in. Life is pretty darned good.
Unemployment is low nationally, and don't we now have more homeowners than ever?
2007-01-11 20:18:12 · answer #7 · answered by Jadis 6 · 3⤊ 1⤋
I think you should ask one of the thousands of people that lost their job in the past 6 years. Right wingers will say of course it is because they look at the stock market as an indicator. The stock market is up, but at what cost? How many people had to lose their jobs to make a company profitable?
Four people that I worked with lost their jobs two months ago. How would they say the economy is?
2007-01-11 20:20:06 · answer #8 · answered by David L 6 · 3⤊ 3⤋
If Clinton emptied the Treasury into the Military industrial complex, can you imagine the phony economy he would have created like Bush has...
2007-01-11 20:38:54 · answer #9 · answered by 1776_2007 2 · 0⤊ 3⤋
Yes. Unemployment is down, inflation is in control, wages have grown, productivity has grown, housing prices while falling this year have still risen significantly since he took office. All facts.
Personally I am much better off.
2007-01-11 20:18:23 · answer #10 · answered by castlekeepr 4 · 3⤊ 2⤋
yeaup, it have grown alot since its crash in 2000.
i am better off i guess. its tough to tell because i was in highschool when he took office and didnt have any money and now i have a good job. he didnt have anything to do with it though thats for sure.
someone mentioned that dollar being weaker. learn something dude because its not THAT important. only a little important.
2007-01-11 20:18:19 · answer #11 · answered by Mike 3 · 4⤊ 2⤋