Why do people claim the economy is good unemployment is low R these statistics verifiable like Voting in USA?

Answer 1

DON"T BELIEVE THE BUSH PROPAGANDA!!!

Answer 2

The unemployment rates at least, do not report the true unemployment. The only ones that are counted are the people that are drawing unemployment insurance, once that runs out they are no longer counted. A good indication of unemployed is to go to your local newspaper and see how man job openings there are. When Bill Clinton was president people were recruiting workers even in entry level positions, my paper had a half to a full page of ads. Now under the Bush administration there are 5 to 10 job openings and most are in skilled positions and insist on experience.

Edit: The stock market is not a good indicator as the NYSE periodically changes the company's that are listed in the Dow, Jones and replaces poor performers with ones that are doing well. This in fact does change the statistic of the Dow.

Answer 3

The current economy is good, but a recession might be in the near future due to uncontrolled spending by the federal government, an outrageous amount of trade deficit with international commerces, and the growing domestic national debt.

For the past 6 years. Congress has allowed the President to amass huge amounts of debts to support tax cuts for business owners, huge increases in the defense budget, and outlandish deals with overseas governments and contractors. All the while Congress has authorized borrowing large sums of money from other countries and the World Bank at high interest rates. They have shown no way of paying the loans back which has driven down the value of American currency because of the international community's disbelief that America will be able to pay it back. This has also lead to an increase in spending for importing products from other nations. Meanwhile, terrible trade aggreements that the Republicans have pushed for have lead America to catch the short end of international trading.

Consumer spending is currently driving the economy despite this administration's lack of fiscal responsibility. Consumers have racked up large amounts of personal debts to keep trying to accomodate their lifestyles and supplement the government's failure to account for cost of living increases. In many cases, consumers have adopted the government's philosophy of borrowing from other institutions to pay off debt at the price of higher interest rates and worsening credit history. These debts will be expected one day and most consumers will not be able to pay them, thus causing and increase in bankruptcy filings, foreclosures, and repossessions which the taxpayer will have to pony up so that the banking institutions will not lose money. In turn, these loses will drive down consumer spending and slow the economy.

As for unemployment, those numbers reflect only the people who are still receiving benefits. They do not show the amount of people that have lost benefits without acquiring a new job. This gives the public the illusion that unemployment is low. A better gauge is to compare the unemployment rate with the rate of jobs that have been created or employers that have hired new employees.

Answer 4

Well the thing with the numbers regarding unemployment is that they don't REALLY count everyone that is unemployed. They count only those that are receiving assistance. There are many people out there that are not receiving anything and that have completely given up on finding a job due to the employment opportunities.

Answer 5

The economy isn't good - it's GREAT!

Those who think otherwise need a serious reality check 'cause the next mild recession is gonna make 'em think the end of the universe is upon us (and, even if they don't think so to start with, the press will carry on as though it is and eventually change their weak little minds).

Answer 6

And the stock market is as high as it's ever been. Thank you President Bush and the Republican Party. But be cautious, the Democrats say they need to change things. Be careful what you wish for.....

Answer 7

It's hard for you to get over those 16 words.

Answer 8

http://news.enquirer.com/apps/pbcs.dll/article?AID=/20070215/BIZ/702150301

Maybe you should stop drinking the Kool-Aid and listen to the Fed chief.

http://www.conservativeworld.us/