Does the Bush ECONOMY work only for EXXON and ENRON?

Question

not the middle classs outsourcing syndrome
and buy outs

Answer 1

what do you expect when you have an ex oil company owner running the "free world"

Answer 2

Seems alot only want to say Enron went under and is bankrupt..

But yet Lay and Skilling and the rest of the high level execs got compensation packages while regular employee's got everything taken from them, including pensions.

So....Enron is a great example of the middle class getting the shaft while the rich laugh it off.

Answer 3

It works for all. Have you checked those tax receipts streaming in from those rich people? Tax cuts led to greater tax receipts (very difficult concept for a Dem). They never do get it. God Bless America.

Ever more money to fund government programs for political pet causes. Congressmen never fail to spend every cent of increased revenues. Sometimes, it just takes them some time to have the levels of spending catch-up to that of the tax windfall.

Congressional spending levels are absolutely despicable. Rally against that and don't look to strangle the geese that lay the golden eggs (the private sector). They are this country's bread and butter.

Answer 4

ENRON!!!! ENRON!!! Dude...Enron went down the tubes a year or more ago. They went out of business. They faked records to make it look like they where making profits to raise the stocks. Then the people who knew about it. Sold when it was the highest. That's why Martha Stewart went to jail for a while.. Not like she had it hard. She probably baked cookies all day.

Answer 5

THE TRUTH ABOUT BUSH'S ECONOMY:


"Bush Administration Fails to Jumpstart Economy
As of May, 2005, there have been 893,000 jobs created over the first 52 months of the Bush presidency - a gain that is due solely to the 917,000 jobs created in the government sector that offset the 24,000 jobs lost in the private sector. Since the Great Depression, no other president who served at least 52 months has overseen a net loss in private sector jobs through this point. In addition to lack of job growth, real weekly and hourly wages have declined since the start of the recession. At a time when middle-class Americans are experiencing stagnant wages and vanishing benefits, CEO pay continues to rise.
Source: Center for American Progress, Economic Policy Weekly, Jenna Churchman, June 6, 2005

Legislation Reflects Bush Business-Friendly Climate, Weakens Consumer and Environmental Regulations
President Bush and the GOP-controlled Congress are moving to extend corporate tax breaks, allow oil drilling in the Arctic National Wildlife Refuge, and limit lawsuits against corporations — including a settlement of asbestos litigation that has driven 70 companies into bankruptcy. The pro-business momentum is accelerating, analysts say, in part because the steps are easier to take in the lower-publicity atmosphere of a non-election year. A bipartisan deal, moreover, which allowed some of Bush's long-stalled judicial nominees could also be a boon to US corporations. Janice Rogers Brown, a conservative, anti-regulation judge from California, will serve on the D.C. Circuit Court of Appeals, where most cases that affect government regulation are heard. Early in Bush's second term, Congress passed a law sought by banks and credit-card firms that makes it harder for individuals to declare bankruptcy. Another new law shifts most class-action lawsuits from state to federal courts, a move aimed to reduce huge verdicts against corporations.
Source: The Christian Science Monitor, "Washington More Open to Business Than Usual," Gail Russell Chaddock, June 9, 2005

Bush Budget Slashes Education, Veterans' Health Care, Law Enforcement, and Environmental Protections
The Bush administration's budget for the 2006 fiscal year will cut non-defense discretionary spending, including education, veteran's health care, law enforcement, and environmental protections. In all, President Bush's fiscal 2006 budget plan calls for elimination of or drastic cuts from 154 programs. Funding for the Iraq war, however, was recently increased. A House subcommittee approved an initial $45 billion for military operations in Iraq and Afghanistan next year, two weeks after Congress approved $82 billion for this year's costs of the conflicts. Although President Bush argues that it is too early to request money for the wars during the 2006 budget year, which starts Oct. 1, with no timetable for withdrawing U.S. troops from Iraq and Afghanistan, war costs are certain and many lawmakers are reluctant to wait for his request.
Source: Washington Post, "Bush's '06 Budget Would Scrap or Reduce 154 Programs," Judy Sarasohn, February 22, 2005; Washington Post, "House Bill Would Provide $45B More for War," Liz Sidoti, May 24, 2005"

MUCH, MUCH MORE. Go read for yourself.

(oh, and for the dude who had the nads to post about "Reagan's economy? Smoke and Mirrors, babe. VOO-DOO ECONOMICS. ****-on-the-Poor Economics...Known as "trickle-down" in your world.)

Answer 6

Yes and the day will come that they expect the middle class to pay their credit card bill, but the problem is that when it comes due at this rate there may be no real middle class left to pay for it. Chances are it will degenerate into a class war civil war and America will be broken up into at least two nation states.

Answer 7

Do not make me laugh. Enron is bankrupt. And, Exxon that is owned by President Chavez of Venezula. So the answer is no.

Answer 8

Years ago I used to buy into whining generations claim. Then I started my own business (sold it) Actually looked for a job instead of waiting for a hand out. Had to move, but got a great job and manage to put two kids in college. Take accountability for yourself instead of waiting for the government to take care of you.

Answer 9

Bush once said that the president of enron was a good ole boy. WHat do you think?

Answer 10

Well...the average unemployment rate right now is the lowest average in the last 4 decades. And seeing as how the top 10% of earners pay over 65% of taxes, I don't quite follow your "logic".

Answer 11

I can only speak for myself and I my income has doubled since he took office. My company has not outsourced anything.