2007-03-17 09:05:17 · 18 answers · asked by Anonymous in Politics & Government ➔ Politics
I love how the Bush Cult only has personal tales of success and prosperity and can provide us with NO factual data or links to back up the right wing hate radio claims of a "booming economy"....
so bloody typical.
2007-03-17 09:20:39 · update #1
SOooooooo, noone really has an answer, just a bunch of of the same old horse hooey I have been seeing for seven painful years...
Look, don't bother answering if you are just going to bleat - I really want to know WHERE IN AMERICA is this economic boom taking place?????????? WHERE WHERE WHERE?
2007-03-17 09:32:08 · update #2
I've gotten around quite a bit this past year and a half and I know of no place that is truly booming. There may be places that have very high employment, but the jobs people have do not have any benefits or they have virtually worthless benefits. Like healthcare with $600 per year per person deductibles and no dental plan at all.
Most of the middle class is awash in insurance costs of one kind and another. They've had their benefits and their retirement plans raided. And they are barely making it. So bad is the situation, most of the middle class could now be considered working poor.
2007-03-17 09:41:41 · answer #1 · answered by Vernon 3 · 2⤊ 2⤋
You almost are making a good point here then you allow your partisan hatred of the President get in the way.
Unemployment is low. Take home pay is on the rise. Factory orders for durable goods are rising. While new home sales have slowed the rate is still rising contrary to what the newspaper headlines tell you. Consumer confidence is high. That points to a pretty decent economy by any standards.
Now onto China. You are right that China is a key to the potential unfolding of our economy. They hold massive amounts of our debt. You can see the results every time the Chinese stock market takes a hit it sends ripples through Wall St. Also, the fact that the EU holds significant amounts of US debt could be a serious problem. As the Euro gains against the dollar it makes it cost more to pay the debt off.
So while our economy is doing quite well there are potential pitfalls. The overspending by Government that is causing our massive debt being the biggest one.
2007-03-17 16:21:05 · answer #2 · answered by meathookcook 6 · 3⤊ 3⤋
Not in Michigan that is for sure, houses are being lost, people in default of mortgages, every economic indicator is showing Michigan in a deep recession. This has always been the case with supply side economics's, it just does not build a strong economy for anybody but the very rich.
2007-03-17 16:15:44 · answer #3 · answered by Anonymous · 6⤊ 2⤋
Hey Genius, take a look at the Stock market, the Chart of Economic Indicators and your own paycheck, then give yourself a reality check and quit checking your intelligence level with a dipstick.
OH Yeah, someone remind our friend that it was the UAW insisting that janitors make $25 per hour while Toyota and Honda produced a superior vehicle for far less money that destroyed Michigan. Whoopie Doo for unions.
2007-03-17 16:28:50 · answer #4 · answered by Anonymous · 3⤊ 4⤋
I agree with you...if the economy was so strong then there wouldn't be a nose dive at the housing market loosing strength. We are in for a rude awakening soon.
As for all these "jobs" what are the people doing? Working 25 hours at Walmart is NOT a job to raise a family on.
2007-03-17 16:14:27 · answer #5 · answered by hera 4 · 7⤊ 2⤋
Personally I like the myth that buying products made in another country helps our economy. What a bunch of crap.
All that does is transfer our wealth to whatever country is producing the product.
Actually WALMART has harmed America more than Osama
2007-03-17 16:20:37 · answer #6 · answered by Anonymous · 5⤊ 2⤋
One should live in Michigan and see what is happening. Very few jobs left in this state due to many jobs going to China. What will happen in the next five years? Scary.
2007-03-17 16:36:22 · answer #7 · answered by Anonymous · 2⤊ 2⤋
This Booming economy is an illusion. When we start paying off the deficit we'll see what kind of economic Legacy Bush brings to the table.
2007-03-17 16:09:27 · answer #8 · answered by Gary W 4 · 9⤊ 4⤋
I can say that I have done well under the Bush administration. As far as people losing homes, they signed the dotted line and should have know that an adjustable rate mortgage means that the interest is variable and the payment could increase. You should never gamble what you cannot afford to lose.
2007-03-17 16:16:23 · answer #9 · answered by vegaswoman 6 · 3⤊ 6⤋
the booming economy is taking place in the pockets of the very rich by way of tax cuts.
2007-03-17 16:09:08 · answer #10 · answered by Anonymous · 9⤊ 3⤋