Do you believe the President is doing a good with the US economy? Explain your answer?

Question

Do you believe the President is doing a good with the US economy? Explain your answer

Answer 1

with the economy... overall... has been ok... overall growth over the past 6 years has been marginal...

Bush inherited a stock market that was basically setting records everyday... and now it's starting to do it again... but overall growth, like I said, has been marginal...

the actual unemployment rate has gone up from the rate that Bush inherited... it's higher now than the day he entered office... but.... relatively, it's still fairly low...

pay raises have been lower than the overall rate of inflation for Americans overall... so, you're probably making less real money now, than you were in 2000, accounting for inflation...

healthcare costs and education costs (especially college tuition) have went through the roof...

the federal debt is HUGE and the trade deficit has setting records... but it may be starting to stabilize...

the home market has hit the skids... but there are signs the market may be starting to revive...

but the economy really only represents those who have money... and the stock market too... since a relative small percentage of the population has a great degree of the wealth...

so, the economy has been ok for the people who have an interest in it... the top 30 or so percent of Americans...

so if you're in that bottom 70... you probably haven't noticed much difference... maybe a little tax cut... and things getting more expensive... that's about it...

Answer 2

I think he's done an excellent job.

Bush inherited an economy that was just starting to feel the effects of the dot.com bubble bursting. For proof, the unemployment rate went up by 0.3% the very month he took office, even before he had a chance to implement his first economic policy. Then just 8 months later, we got hit with the economic hit of 9/11.

Yet because of his tax cuts, he helped the economy get back on it's feet. Since the end of 2002, here are the relevant stats.

In Dec 2002 unemployment was at 6.0%. In Dec. 2006 it was at 4.5%

In Dec. 2002, there were 130,186,000 people employed. In Dec. 2006, there were 136,214,000, and increase of almost 6 million new jobs.

Since Dec. 2002, the average hourly wage has increased $1.85 or 12%. Inflation grew at only 11.7% for that time.

Tax revenues have increased so much, that the federal budget deficit has been coming in lower than expected the last two years. Imagine that, cutting taxes actually increased tax revenue. Just what conservatives have always said.

While the markets have not regained their bubble highs, they have had 3 very solid years of gains.

Answer 3

On the economy, the President has done nothing but sign bad bills into law. The last good thing he did was the tax cut.

In the past 2 or 3 years (since the damn war) Congress and good ole Pres have signed multiple bills into law that have led to the elimination of middle class jobs and an increase in the cost of living to those that cannot afford it.

The rise in minimum wage is the newest joke.

Every time the minimum wage is raised, it automatically gives a income cut to everyone else. If you have earned skills and responsibility and showed up to work when you were supposed to, you don't make minimum wage. And now, the slackers get a raise and you get nothing.

Except higher prices everywhere you go. Thanks alot Congress.

Our economy is getting ready to take a huge crap. The President and Congress are so far removed from the real world that they won't see it coming, until 1000's are in soup lines.

Answer 4

Yes, I do. The stock market is very strong, unemployment is very low, and where I live, they can't build fast enough. My husband and have excellent jobs; in fact, every single person I know who wants a job, has a job - and the vast majority of them have jobs with benefits.

My community has more jobs than employees. It's not at all unusual to see a restaurant or shop close temporarily due to lack of employees.

When I was in Chicago last year, and Washington state the year before, things looked pretty much the same as they do here - you practically can't turn a corner without seeing new construction.

The so-called "surplus" of the Clinton years was more a cooking of the books than an actual surplus.

Good enough explanation?

Answer 5

Absolutely not!!! And in several ways he signed for american jobs to go to other countries(my husband works at a huge factory called whirlpool half the people have lost their jobs and they are talking about closing the american plants down all together) He is spending all this money on a war because he thinks he is playing god. And he is watching out for his oil buddies and all americans are paying for that.

Answer 6

that's a competent occasion of ways constrained the worlds expertise is whilst related to what existence is relatively like over in China. I surely have been to China many circumstances, and conversing from first hand journey enable me to refute the thought that China is shining occasion of *suitable working circumstances/wages*. the usually happening chinese language workers circumstances may well be an OSHA nightmare. they have no secure practices like we interior the U.S. have. there is rules In China, notwithstanding it is sparkling to anybody who has been there that they do no longer look to be enforced. the thought for the period of China "human beings's precise to very own components secure" is relatively the epitome of naivety. i even have considered the government are available and take total tracts of land, totally inhabited with tips from business corporation's and abode's alike. there replaced into no reimbursement paid, purely a word telling them that their sacrifice replaced into an affidavit to their patriotism, or something of that nature. It happens normally, without recourse. united states of america of america replaced into no longer created with tips from our forefathers as a bastion of Capitalism, it replaced into to be a bastion of Freedom. The fix for our monetary device isn't greater government and regulation. That recipe is what have been given united states of america of america into this mess first of all. interior the absence of government interference, it is not likely that a lender might quantity a private loan to a individual with a low credit background, making no down charge, and offering no verifiable employment background. yet under stress of the governments community reinvestment act and Fannie Mae and Freddie MAC buying up or ensuring such mortgages, a lender will. The blame for our present day monetary mess rests with a Socialist trend interior the government. the main significant participant being a mix of the Federal Reserve board protecting costs of activity artificially low and the congressional and White abode marketplace interference interior the call of greater abode possession. interior the clamor for greater regulation over our monetary establishments, has certainly all and sundry bothered to invite no remember if human beings in government understand what they are doing?

Answer 7

Actually I do. First of all, after all the bickering and hollering is finished, if people would check the status of the current deficit, they will find that it's been going down even though we're still in Iraq. Next, in my state the current gas price is down to $1.85 a gallon, a new and more recent reduction. Mergers are going up which means that failing companies are merging with larger more successful corporations so they do not have to file bankruptcy, which is a plus. So, all in all, I'd say..Yes.

Answer 8

Hell yes! Record high stock market,low unemployment,low interest rates,non existent inflation and this is despite all of the bad things that have happened in the last few years.9/11, Katrina and such.

All this and lower taxes!

Answer 9

No. We have a dollar that is worth four cents of the 1913 dollar. I realize that Bush is not to blame for 94 years of inflation, but when the deficits that he is running now are monetized (and the printing press start running), you will see massive inflation.

I will be impressed with his handling when he calls for dismantling the federal reserve, and a return to the gold backed dollar. I'm not holding my breath.

Answer 10

Yes because research shows the economy is on top. The market is setting records and jobless rate is down.



http://www.whitehouse.gov/news/releases/2003/01/20030107.html