How's the economy looking today?

Question

For everyone who called us chicken littles...it seems the markets are dropping all over the world, and China is adding a 20% rate on our deficit (which they own). So I ask the 'conservatives' who support Bush's economic plan, how's it looking through your eyes? I need some hopeless optimist to help me see the 'plus' side to his policies...and remember, the dems haven't raised your taxes, so don't blame them...

nope, I don't think that raising taxes is the answer, I think that reduced spending is the answer...which is why I am conservatyive, and Bush co is not. But that wasn't the question, but I guess your non answer shows me what you think./..

so many hopeless optimists! I think I found my 28%.

Answer 1

They'll just tell you that it is a natural decline and that it'll be up in a matter of days.

Problem is, they can never seem to answer this question: How are we replenishing the millions of dollars per day that we're spending on the war in Iraq?

Answer 2

The drop has NOTHING to do with taxes. The market is up this morning in China's trade. That's a good sign. NOW is the time to buy, becaus one week from now the market will begin to flow upward to record breaking marks as it has done over the past years. The market always does this and anyone that keeps up with it was expecting it. after all the record breaking highs the time has come to bring it into CHECK. Buy now and hold on for the upward ride. Bush had nothing to do with this, it's the markets way of attracting more and bigger investors, but it's good for us small investors too.This is a GOOD thing.

Answer 3

His economic plan is essentially the correct path. But his fiscal plan is and has been the problem.

You really need to differentiate between the two, because they are NOT the same thing.

The fiscal spending has been horrendous, with very liberal spending increases on all accounts and the addition of large entitlements. Not what any fiscal conservative would want. I consider Bush's new-found fiscal conservativeness after the Dems gained Congress to be insincere at best and politically partisan at worst. But do you really expect Dems to decrease the outlays?

But the economic plan is fine - lower taxes, more incentive to invest, more incentives for ownership, etc. All we need is to keep those lower tax rates permanently.

Answer 4

You think raising taxes and giving more money to the government would help?

You said it yourself, the market dropped (one day) all over the world. Since, according to Dems, only the wealthy own stocks, what's the worry anyway? The "little guy" isn't hurt by this market correction, by their thinking anyway.

Market corrections are part of the game.

Answer 5

The market has gone up for 4 YEARS, has set new highs almost on a daily basis, company's are reporting record profits. and the market falls ONE DAY and you say it's Bush's fault. It is obvious you know nothing about the economy. By the way as of now the Dow is up on the day.

Answer 6

If you look, the DJIA is up about 11% over the last year, including yesterday's drop. The S and P is up about 10% over the same time. Looks fine.

Just as those who poormouth the economy wouldn't place much weight on one day of increase in value, I wouldn't place much on one day of declines.

Answer 7

I'll be honest its not all that dismal. The fiscal may be taking a knock with all those billions being spent on Iraq but the overall economy including trade surplus etc is not really bad.
C'mon cheer up!

Answer 8

Markets flutuate from day to day. There was an amazing decrease in the markets in1988, I think maybe 15% or so in one day, maybe more, and the world was just fine.