WHY DO NEOCONS CLAIM THE ECONOMY IS "BOOMlNG" WHEN AMERICANS SAVINGS WERE AS LOW AS THEY HAVE BEEN IN 74 YEARS

Question

IF THE ECONOMY IS AS "ROBUST" AS THEY SAY IT IS, WHY ARE PEOPLE SPENDING EVERYTHING THEY MADE PLUS 1%?

WHICH MEANS THEY ARE PUTTING EXPENSES ON CREDIT CARDS.

74 YEARS AGO THE COUNTRY WAS IN A DEPRESSION, BY THE WAY.

Answer 1

CLINTON PERMANENTLY DAMAGED ECONOMY
Near the end of his term he pushed the world to let China join the WTO.
Both China and illegal aliens slow tax revenue growth. They are causing the lowering of family incomes for middle class Americans.
USATODAY.com - Average family income drops 2.3%
http://www.usatoday.com/money/economy/income/2006-02-23-fed-incomes_x.htm
Blame Clinton for China being in the WTO which is causing a record growing trade deficit. That trade deficit is resulting in the undermining of the middle class which is slowing tax revenue growth. http://graphics.jsonline.com/graphics/bym/img/mar06/CHINA24g.gif

I will first off say that Clinton was a good president. However, Clinton has seriously damaged the U.S. economy. Because of Clinton the trade deficit with China will top $1 trillion a year within 10 years. Clinton pushed the U.S. to agree to having China join the World Trade Organization.
China is causing the loss of high paying U.S. jobs. And illegal aliens are undermining increases in family incomes.
Clinton has caused China's economy to explode with growth and our trade deficit to explode. The HIGH OIL PRICES are due to China's growing demand for oil which did not exist ten years ago.
About Mexico: A non-biased report said illegal aliens take 1/3 of all new jobs created in America. That dilutes wages and puts Americans out of work. The real unemployment rate(u6) for the U.S. is running at over 7%.
References:
1) "China's booming economy is sucking in a huge amount of oil " "Why are oil prices so high?"
http://news.bbc.co.uk/1/hi/business/3708951.stm
2) DEMOCRAT WEBSITE: Clinton's Risky China Gamble by Robert Kuttner http://www.commondreams.org/views/031200-101.htm
3) Clinton Urges Congress to Approve WTO Deal with China http://english.peopledaily.com.cn/english/200001/11/eng20000111X110.html
4) Tibet supporters outraged by Clinton's WTO deal with China (MF) http://www.tibet.ca/wtnarchive/1999/11/16_5.html
5) ILLEGAL ALIENS TAKE 1/3 OF NEW JOBS by: www_minutemanproject_com Latinos entering the country between 2000 and 2004 were hired to fill more than one-third of all new jobs in the United States last year according to the Pew Hispanic Center. http://www.mercurynews.com/mld/mercurynews/business/11550761.htm
6) 97% OF ILLEGALS TAKING JOBS AWAY
and only 3% work in farming. "While 3 percent of unauthorized workers are employed in agriculture, 33 percent have jobs in service industries and substantial shares can be found in construction and extractive occupations (16%) and in production, installation and repair (17%)."
Pew Hispanic Center Offers Fuller Portrait of Unauthorized Migrants http://pewhispanic.org/newsroom/releases/release.php?ReleaseID=33

Answer 2

I used to be a leftist. I have learned a few things since then. Countries ruled by socialists, militarists, religious fundamentalists, dictators and royalty fail. Foreign colonialist and racist interference fails. The only societies that work are progressive, democratic, capitalist, individualistic and free. They do not place ridiculous limits on women and their rights. Most Middle Eastern countries do not have the same standard of living as Western countries. Only two have reasonable standards of living--Israel and Turkey.

So I would not renege on the principles of free trade, the invisible hand and free markets. Certainly, I support a higher minimum wage and things like housing programs, more education, subsidies for small businesses, health care and tax credits for daycare, but social programs and subsidies are different from Big Brother government with unions and no free trade. Clinton was right about his approach to the economy. Reagan was, too. People had money back then. Goods were cheaper. Get rid of sales taxes and introduce tax cuts for low-income earners. I don't need the hammer and sickle, thanks.

Answer 3

Because the rich ARE getting richer. Who do you think the neocons are? That's why Bush's approval rating is at 29%...because those are the ones benefiting from the so called boom. Hey but they are gonna pump another $250 BILLION into the defense industry so their take on the economic boom (war) will now be $789 BILLION...never mind we now have a national debt of nearly $7 TRILLION...Reagan must be proud since he only managed to run the debt up to $5 Trillion before Clinton straightened things out and left a $500 billion surplus. Man the 1990's seem like a whole different era don't they?

Answer 4

Most economic numbers are about the here and now. Which means that when debts are to be collected and a majority of the population does not have it, the economy will reflect it then.

Republicans tend to only look at the present state of affairs when they talk about the economy. They do not pay attention to the fact that eventually all debts must be paid. When the country reaches a recession because our credit with the world bank has plummeted and the national debt is too far out of control, they will do what they always do, blame it on Bill Clinton.

Also, they do not count the middle class. They only take economic stock of the upper class, mainly their buddies.

Answer 5

Your figures dont include 401ks, Iras Stockmarket, ect. and Americans are saving twice as much as Europeans. The economy has been booming for along time, but Liberals want to mislead the public so if you dont take the time to verify everything they say then youll vote on them, and they will do what they said they wouldnt.

Answer 6

The economy is good......what's the problem? Everyone spends what they want to spend no matter who's in office...that is unless the interest rate climbs to another all time high like when Jimmy Carter was in office. Shoot, the interest rates for buying a home were at 18%. The economy is great! Only one problem...

The latest news is that AMERICANS who are retiring to Mexico with their SS money created a ten Billion deficit.

Answer 7

Where are you getting your so called facts? I suppose the entire US gov't is neocon by your limited rationale. In case you fell asleep in basic economics class, our economy is not based on saving, it's based on spending. Here are a few links to help you get your head screwed on right.

Answer 8

neocons don't make you get a credit card. that a foolish liberal idea. liberals want all to have a number just like the Nazi's did.

Answer 9

Once again, they make zero sense. What is left to say....

Answer 10

Because my freind they are fools.