Is the Failing Economy the icing on the cake of the Bush Presidency?

Question

The economy was the only light in the dark world that is the Bush Presidency. Last week the market dropped faster than Mark Foleys pants at a boy scout meeting and all indications are that we are entering a recession. Has this completed the Bush Tri-fecta of Failure?

Answer 1

The fact has always been that the economy wasn't that good to begin with. The unemployment figures are deflated by the fact that all that is reported are the people that are drawing compensation. Many, many more people are out of work and have given up even looking for it, but they are not counted. The stock market has been inflated since last summer when they adjusted, they do this periodically. They take out the under performers and replace them with stocks that are doing better, So the Dow is really not a good indication. Housing starts have been good, however they are even dropping off some. A better indicator is the number of defaults on mortgages. That usually means that a job was lost and people can no longer afford the payments, or maybe a medical problem has broke them. This is a war time economy and everything should have been booming, but it really isn't and because of deficit spending and supply side economics the picture isn't very bright for the future.

Answer 2

Where'd you get your news? Cartoon Network?

Unemployment's at an all-time low. Stock prices are at an all-time high. And you're saying this is a "failing economy"? Look at stock charts. Look at graphs showing unemployment rates over the past few years. You will see you've been fed lies.

Answer 3

You won't get any sympathy here. Most here still think we are on the right path in Iraq!, that the war is not about oil, and that Iran has WMDs. That we have the largest debt in history under Bush, and that our grandchildren will still be paying China for Bush's good numbers, means only you don't want to confuse them with the facts.

Answer 4

No. What failing economy?

Little grasshopper, your inexperience in life and your lack of knowledge is difficult to hide. You obviously have much to learn and should pay more attention to what history has taught us.

Maybe this is the fault of our excellent public school system, led by those tireless advocates for the "children," the teachers unions.

Answer 5

The economy is still doing great! The market always has corrections....

Late edit for Ginger.....Nice job of cut & paste, as you couldn't have typed that much garbage in the 7 minutes since the question was posed.......

Many of your inferences may have a grain of truth, but out of context are meaningless. You can use half truths to make anyone or anything look bad if you have an agenda

Answer 6

There's a fine line between fact and opinion. Learn how to differentiate the two.

Factually, the economy isn't anywhere near "failing." If you really think it is, you need to jump off of the liberal bandwagon for two minutes and grasp some realistic logic.

Answer 7

Recession according to who? Most economists are saying that this is just a market self-correction that was long overdue. The odds of an actual recession are pretty low. The fact is, unemployement and inflation are low, and the economy is maintaining a healthy 3.5% growth rate. Not exactly what I would call a failure.

Answer 8

Did Mark Foley drop his pants at a boy scout meeting?

Answer 9

Your Kool Aide ruined your economics education and it is clear you don't understand what caused last weeks sell off. Bush had nothing to do with the sell off. China and Alan Greenspan had a part. I pray your brain develops further.

Answer 10

Since Bush took office, the economy has never looked bright
in my eyes. The mere fact that the rich were getting wealthier
while the middle class were falling into poverty, kind of told me
things weren't going in the right direction.
I saw the stock market on the days you are referring to. We are
starting to get real signals that we are in dire need of change.

One example would be the cutting of funding to hospitals.
That in in its self is a disaster waiting to happen. For instance,
one nurse in charge of 30 patients, might be in charge of
100 now. Think of the work burden for the nurse, or how long
one patient would have to wait for pain medication. Also, it means
less employees, which means less jobs. A ricochet effect.

The reason unemployment appears low is because it can be
collected for only 6 months. After your unemployment is ended,
you are counted as nothing. Another good example of trying
to hide the poor.