Has The Booming Bush Economy Passed You By? Dow At A Record High Today!!?

Question

Bush tax cuts are working for America and corporate earnings are way up...unlike the faux Clinton economy built on the false hopes of the inflated dot.com boom.

I am celebrating this weekend and buying another gas guzzling SUV.

http://dailynews.att.net/cgi-bin/news?e=pri&dt=070418&cat=news&st=newsd8oj817o0&src=ap

My sympathies to the many liberals responding...I realize that after taxes on your Starbucks paychecks it does not leave much left over to invest in the stock market.

Ilitrix...California is not really part of America any longer.

only p....you got it correct...Clinton economy was built on corporate excess ie. WorldCom, Enron etc and on a dot.com boom with companies that generated no real profits.

Did I mention Bush did this after inheriting a Clinton recession and the aftereffects of 9-11 on our economy?

Answer 1

Libs have a short and selective memory. That whole Dot.com fiasco temporarily bloated our economy. Bush and his fiscal policies rebounded and now we have real growth. But you won't see that on CNN will you

Answer 2

Sorry buddy, but it was on mixed results. Get real. The economists from all over the world are saying we are heading to a huge recession because of the huge increase in foreclosures which are going to rocket in this coming year. They are already up 800% in California from last year alone.

California isn't part of America anymore? You better hope it is otherwise your economy is going to really take a nose dive and fast. California alone has the 5th largest economy in the world.

Lots of companies during the Clinton years boomed and are still around making huge profits: Microsoft, Apple, Starbucks, Dell, Hewlett Packard, Cisco, etc etc. Not all of these dotcom companies went bust: Amazon.com, Ebay, Yahoo, Google, Craig's List, etc etc. Are all doing well and all started during the 90's. And, these are just a few. It took 5 years to regrow the stock market and go above the highs of the 90's. And, it didn't really go down that far to warrent it taking that long. This economy isn't so great. It's a war economy and it's not going to last unless you want endless war. But it will break the back of our economy before it will improve it in the long run. Now we have inflation, rising interest rates, a huge rise in foreclosures that are going to effect the retail value of other home owners by driving down the values of homes. We have gas over $3 a gallon now and about $200billion a year going to oil corporations as government subsidies. Which you all know is our tax money. How does it feel to pay 3 times for your gas guzzling tank on your SUV every time you fill it up? You like getting ripped off from the multi billion dollar profiting oil corporations?

BTw, the recession had nothing to do with Clinton. Go read the economist for a change and stop listening to Fox.

Answer 3

Im no longer an "out of paintings liberal slacker"....Im a 40 six 12 months previous expert thats invested properly, have a secure retirement waiting, have not any concerns and have voted republican my finished grownup existence.......yet I dont see a similar destiny for my infants, the roles are going away, Washington has offered the middle classification out, we are on the line to having purely the better and decrease classification in this u . s . a .. We even have checklist domicile foreclosure, a checklist deficit, a reductions fee drawing close 0, an ever increasing commerce deficit, a devalued dollar, a well-being care equipment in disrepair, Sorry dude yet this booming economic equipment is merely being enjoyed by using those interior the better earnings brackets. permit me ask you this, while a rustic is prospering shouldnt evryone earnings it extremely is prepared to paintings for it? That useful isnt obtrusive from the $6/ hr get entry to tiers jobs interior the paper.

Answer 4

More Repub propaganda.

Clinton, FDR, JFK/LBJ could have said the same thing. Practically every president could have boasted that a certain stat is at record levels when they were president. However, if you compare the percent increase per president, you will see Keynesian Democrats outperform tax cuts for the rich Repubs on practically every category.

The stock market was higher under Clinton then under Reagan. Are you going to say Clinton was superior just because of that? No. You want to look at the percent increase, not absolute value. Absolute values on such things as stock markets, real GDP, tax revenues, tends to increase in time because of population increase and the increase in market due to technology breakthroughs.

Answer 5

Just be sure to lock in some gains before the recession that is coming soon. I failed to do that at the end of the Clinton regime and I am just now recooping those losses.

Take charge of your 401Ks and do a little management. Take some gains!!!

Answer 6

No my income has doubled in the last 4 years. Im almost debt free except for a student loan which I dont owe that much on.
The stock I own has went up in value 10% just this year so far.

Things are doing ok for me.

Answer 7

As a lowly working stiff, higher corporate earnings because of cheap labor in another country isn't putting any money in my pocket. So yes, the Bush economy has passed me by.

Answer 8

No. But mom bought some duct tape - so your "Strap-On " problem is under control.(cheaper than getting you Viagra - mom's happy ).
So give her a call. I got the camera loaded and we can all rock and roll - as they say.....

Answer 9

cheers to that!

got the biggest bonus of my life this year... so i'm not complaining. too bad we can't keep GW for 4 more years!

Answer 10

Liberals still whine "the sky will fall anytime now...."