Is Bush's "booming" economy being driven by deficit spending, mass layoffs, and lost pensions?

Answer 1

Stop failing your drug test lib. You will keep your job if you don't smoke the wacky tabacky.

Answer 2

Well, well, Chi Guy, I am impressed by this question. Usually your questions are weak attempts to bash Bush, but this one has some meat behind it. Congrats! (but I still insist you read Atlas Shrugged)

The deficit spending really is not helping the economy because the money is not being spent on material goods that substantially increase domestic production and profits. If the deficit spending were being directed at road building or something domestically consumed, it would have a much greater effect on the economy.

Those mass layoffs will have a dual effect. They make a company's bottom line look good, but raise the unemployment level. Since unemployment has been quite flat, it is having a negligible effect. Layoffs aren't always a sign of bad fiscal health. Sometimes layoffs are actually a sign that a company has finally made the commitment to go back to its core business where it can be profitable again.

Lost pensions are definitely helping unscrupulous businesses such as airlines (who I think frequently deserve to go bankrupt; I can't even put my disdain for airlines into words fit to print). This is a real loss for individuals, but it has the dual effect of keeping the business afload.

All in all, the booming economy isn't benefitting as much as you'd like to think from these three issues you pointed out, but I have to commend you on an excellent and insightful question.

Answer 3

Pensions are going by the way side because they aren't needed any more. They have out lived their usefullness and simply cause those companies to struggle to compete with others who don't have them.

Mass layoffs? You do realize that our unemployment rate is still at an extremely low number of 4.5%? Or productivity is actually up quite a bit and most of that is in the service area.

The biggest boost to the economy is the lowered taxes. Even JFK understood this and when he pushed through lower taxes, the economy took a nice boost. Reagan also did it and we all know the boost that occurred there.

The only reason that there could be a pop when it comes to housing is because of stupid people who grabbed adjustable interest rates when we were at 50 year lows. Those peoples interest rate (and their payments) had only one way to go and that was up. But of course, lets blame their stupidity on President Bush, always seems to work for you Libs.

Answer 4

I'm sure that some deficit spending does have a short-term boost to the economy, as deficit spending always does. I'm not aware of any recent "mass layoffs" although that could be true...

No, I think the "booming" economy is that we have finally been able to break through all the over-inflated crap in the economy from the Clinton administration, stuff like the following:
1) Refinancing of long-term governemnt debt into short-term
debt
2) Allowing corporations to "fleece the flock" using unfair bookkeepping practicies
3) Ingoring the threat to national security by terrorism
4) Increased political pork-barrell spending
5) Higher taxes
6) Increased regulation in all matters
7) ... and on and on

All of those are problems brought in by the Clinton administration that we had to break through and recover from--and that recovery did take some time because those offences were so... horrific!

Answer 5

My heavens, I never have been flashed, but I did unintentionally flash a few folks once. I was in the hospital some time back and decided to take a stoll to the vending area. Well, I wasn't thinking about what I was wearing and, let's just say that those hospital gowns don't leave a lot to the imagination on the backside. The nurse came up from behind me and put a blanket over my shoulders . . . I was wondering why it was a little drafty back there!

Answer 6

You said it well and the house of cards will soon crumble ( god i really and truly hope not)
We currently as a nation owe
8,826,093,372,343.57
Every man woman and child owes $29,247.48.
Our debt is held by Japan, China, Saudi Arabia, Mexico, France and countless others. If they ever decide to call in that debt, we're screwed and this so called "booming" economy will go bust. The shaky housing bubble, the overinflated stock market is creating the illusion.

Answer 7

The company that I work for just had a 20 million dollar expansion and hired 150 new full time employees!

Answer 8

Well, the economy is booming for all Bush's big oil and big business buddies.

Answer 9

No, it's being driven by me making loads of money in the stock market.

Answer 10

The only business that bush likes to see booming is the oil business.

Answer 11

No, it's being driven by some of the highest levels of productivity and employment in US history.