SInce the economy is booming again, will the Democrats give the praise to Bush?

Question

When Bush came into office, and the internet bubble burst, many Democrats blamed Bush for the bad economy.

We,, the stock market just hit a record high, unemployment is down to Clinton-era levels:
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?request_action=wh&graph_name=LN_cpsbref3

The PPI, a measure of inflation, is pretty low:
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?request_action=wh&graph_name=WP_ppibrief

So the economy is doing pretty well. Now, most sensible people know this has nothing to do with Bush, but we are talking about Democrats here.

So, I am not available to accept your apology, and to hear you guys say that George Bush has turned the economy around, and it is completely his doing that is making the economy so great. After all, it was his fault when it was bad, right?

Or do you only blame Bush when he does something bad???

** Sorry, I meant I am NOW available to accept your apologies. Just line up, lower your heads in shame, and admit that George Bush has strengthened our economy.

Answer 1

I agree with your well researched and articulated points. The problem is that the "Bush is the Devil" crowd just keeps beating the hate speech drum. No matter what happens they will try to put some spin on the issue that makes President Bush the scape goat for all that is bad.... even the weather.

If you listen to the major media outlets, they ALL reported last night that this market is not a credit for the average American. And they say that unemployment is only low because people are now forced into jobs that they do not want.

Ahhhhh, excuse me... the market is a reflection of the stability of the business that runs this country. If they do not do well, they can not hire, or expand. And if you are forced into a job you do not like, to bad. Go get better skills... don't whine to me that you are unemployable. This country is not built on a guarantee of anything.

Answer 2

The stock market is a small indicie of the overall economy. The economy actually has experienced the slowest groeth in 4 years at 1.3%. Use this formula to determine the Real GDP and that will tell you the real story. GDP = C + I + G + NX
consumption (C), investment (I), government purchases (G), and when we add the net exports (NX) (Exports-imports (a negative number). Simply picking one of these indicies does not give an acurate picture of the economy. The current Housing and mortgage issue is a trailing indicator, which is an indicator of the economies health after it has begun taking effect. The current indicator is that we have trouble looming in the near future, but in the long run we will be ok.
we are however exoperiencing a record defecit that is causing us to have to borrow money like never before. To pay back this borrowing the governmwnt raises interest rates which gives people less disposablee income. I assure you, don't get to happy because of the stock market we haven't felt the full impact of this yet.

Answer 3

No Bush will not get any credit for the economy. Here is a article you should read that compares how the Economy is presented in the media for Clinton and GW Bush.

http://www.freemarketproject.org/specialreports/2004/jobs_study/sr20041014.asp

To answer the question another poster had about the foreclosures. This is happening due to the fact that the banks offered Adustable Rate Mortgages and people used these to purchase homes. If the banks were not so liberal at lending money to people with questionable finances, this would not be a problem. I had a ARM, saw the rates rising and locked on a 5.9% 30 year loan before. I used the ARM as a bridge to get a lower rate on a 30 year loan. Anyone who buys a house long term using an ARM without refinaning it after 2 years is an idiot!

OReilly - If you have 29.9% credit card debt and interest payments and cannot file for bankruptcy, who's fault is that? Did the credit card company force you to go buy things that you probably did not need? Credit is available to everyone, its how you use it that determines how your financial situation will be. If you cannot pay cash for it at the end of the month, you probably should not be buying it.

Evan B - If you are in debt up to your eyeballs, who's fault is that? You made the choice to go into debt. Maybe you need to talk or read a book by Dave Ramsey on how to get out of debt. His web site is http://www.daveramsey.com.

Answer 4

You people are truly insane aren't you. Poverty levels are at an all time high. People are earning less than ever, and the jobs that you are so proud of that cut unemployment, are at walmart, target and oh yeah in the US govt. since he added 20,000 jobs last year. The only reason you see anything going up or down in the good way is because people are more willing to explore when the economy has a chance to stabilise under a Democratic ran Congress. Note the last 46 years and 6 of those sucked, who ran congress then? Be real, they are trying to bankrupt the US so they can stop federal funding for many services, like wildlife preserve. See that they wanted to cut 80% of the endangered species list so they could use those areas for their own purposes.

Oh yeah the gap between classes, highest since 1929, right before the great depression. Not saying that will happen, but what rises must fall. Don't count all your pennies yet, all this credited money being made, at somepoint it actually has to be real, no one has the money to make it real. When that happens you will see an enormous crash.

Answer 5

War always boosts the economy...in some ways.
Bush's time in office will cost the next generation a huge toll in broken alliances, world unrest, deficit and a huge debt.
Besides, have you done your research on the economy? It is not so booming. The real estate market dropped 18% last month, the largest drop in history. Stocks are doing good, but what goes up must come down.....and the bigger question is why did it go up? Is it a false jump...? I think so. Oil prices in our country are at an all time high...and getting higher.
What I think will happen is that the mess GWB leaves will be blamed on the Democrates by the Republicans in the next term.

Answer 6

We didn't have a deficit when a Democrat was in office.(And the Democrat didn't do it by ravaging and plundering the working poor.) You may hang your head in shame now. We are inducting you into the Hall of Shame right now. It's official.

Answer 7

I comprehend Bush is began undesirable financial gadget reason 9.a million unemployment usa. Obama tried restore sparkling with restoration financial strengthen stick worse strengthen reason 9.2 unemployment lose jobs. because of fact Obama have been worse 3 365 days financial. Congress or senate not bypass constantly agrue over yet bypass it longer.

Answer 8

Don't hold your breath waiting for the apology. Republicans never gave Clinton credit for the economy. In fact, republicans like Newt tried to take the credit.

Answer 9

That is the joke of the day

The drooling at trying to bring down Bush Democrats praise Bush? Good one

Here in Michigan we see the destructive path of liberals. Single Business Tax, soon a 7% tax just for being a small bussiness owner plus .5% tax on income

Yet the Dems here all blame Bush not the Unions.

Answer 10

"So the economy is doing pretty well. Now, most sensible people know this has nothing to do with Bush, but we are talking about Democrats here."

Spot on, why does he deserve the credit?

He destoryed the economy that was built under Clinton and he just restored it to the way it was before but with massive debts instead of savings.