Bush 1 ran it into the ground, Clinton fixed it and all was well, he just got caught playin with the ladies, "I emphasize caught" And now Bush 2 has really messed it up, so is this a lesson, don't ever let this happen again.
2007-05-08 10:05:56 · 20 answers · asked by Anonymous in Politics & Government ➔ Politics
Those of you who think the stock market is doing great have been drinking the Republican cool aid again, the stock market is still less than a 1000 points of where it was when Clinton left office, it should be around 20,000 if we had a good leader, and just because it goes a point or two above where it was doesn't count for much of a record. Employment is a joke, people are working 3 jobs at Mcdonalds and Walmart to pay their mortgages and inflation is high as hell, everything is double in just a few years, and immigration is a mess, atleast Clinton had some control and didn't allow a total invasion. wake up dumb ***'s.
2007-05-10 07:15:54 · update #1
Yes he sure funked this one up!!
2007-05-08 10:11:41 · answer #1 · answered by Ivan S 6 · 1⤊ 6⤋
You know that the Clinton economic boom happened under the watch of a Republican Congress. Also the recession of the early 90's ended and the economy started to grow before Clinton even announced that he was going to run for president, just like how the recession we saw in the early 2000's had already started by the time Bush Jr. took office in 2001. Another good point that could be made is that Clinton just got lucky that he was elected when he was, because it wasn't his raising taxes by about 240 billion dollars over 5 years that got got the economy up and running. All things considered we are lucky the economy is where it is at today, just look at what has happened over the last 7 years; Sept. 11th, how screwed up the middle east is, Enron and all of the other large corporations that have had scandals, Katrina, and any number of other things. You should get on your knees and thank god that the economy is as good as it is.
2007-05-08 10:49:16 · answer #2 · answered by J H 2 · 3⤊ 0⤋
Where do you get your info? The economy is OK,, not great, not bad but OK. GDP growth is around 2% (if I remember correctly). Unemployment is fairly low (~4% or so from memory). It is even LOWER among skilled/professionals (like 1.5%). Inflation is relatively low as well. Interest rates are still relatively low.
And people, how many times do we have to tell you-- the DOW (stock market) is not a proxy for the state of economy.
And folks, let me remind you-- NAFTA started with Bush 41 and Clinton finished the work with congress etc.
I'm not Bush supporter (he's a dufus) but at least be objective folks. Bush has made his share of f-ups.
The economy was already on a down turn shortly after Bush took office. 9/11 sealed the economy's fate for a few years too.
Oddly enough, generally the economy does better when there's a dem in the white house. Same with the market. Oh, and deficit too. Look it up...
2007-05-08 10:25:06 · answer #3 · answered by dapixelator 6 · 2⤊ 2⤋
A couple of things wrong with this, first, Bush one didn't screw it up, and under Clinton the NAFTA was passed, now tell me that didn't mess up our economy, not only in the short term for for as long as we can see. Yes, Bush 2 did mess it up very bad with his illegal war in Iraq, and even worse, he's trying to give more of our jobs away.
Now for those that look at the Dow, and claim how good everything is, it's only good for the people with money, while the middle class suffers, and is being eliminated. The stock market is only an indicator of the wealth for the wealthy.
2007-05-08 10:17:32 · answer #4 · answered by Anonymous · 1⤊ 0⤋
yes there is doubt because he has not nad all your statements have no basis in fact.
Above people who adjust the DOW for inflation are idiots. The DOW is not a commodity. It is a reflection of what all investors think about all economic factors unemployment, earnings, profits, futures, quarterly reports.
Plus libs you often say only the rich invest in stocks so they would nbe the only ones affected, no?
Libs and understanding economics is always laughable!
If you make more than $35K a year AND you do NOT invest in the stock market, you are an IDIOT.
Blackacre: You are a moron. What entity owns the Dow? The Dow is where company's stocks are publicly traded. If the Dow average goes up, indicates that the overall the economy is performing well. So by your logic I should not invest in stocks that are publicly traded because they are worth less than they were in 2000? I would have been better off putting the money in my mattress. Man I can't believe how stupid some people are. Who cares what the "record high" of the Dow is adjusted for inflation. It has no meaning idiot.
2007-05-08 10:25:35 · answer #5 · answered by jonepemberton 3 · 4⤊ 4⤋
The Dow does not mean anything for the average citizen. High gas prices, inflation, crashing dollar and slowing down of the housing market do not make a good economy.
The healthy Dow is just typical Republican spin on a good economy.
2007-05-08 10:23:30 · answer #6 · answered by Anonymous · 2⤊ 2⤋
I see no doubt about it, he's doing quite well in that department, and your going to get a bunch of Clinton bashers, stating that Bush did all the good things that Clinton left behind when he left office, and Bush was trying to fix all the bad things that Clinton started and left behind before he (Bush) gained office. My question to them is this, if Bush was so busy fixing the problems that Clinton left behind for him, how come the man took the first year in office off and went on constant vacations? The Country was in such good shape, Bush had a whole year off to putz around, and even when we went to war, he couldn't take time away from his hunting and fishing, golfing and playing with the boys weekly activities. What a life that man leads, kids over in the Middle East, and he's having a gala ball for the Queen of England, how does a person go about enjoying themselves at parties, while this is going on? Our President is one Cold Fish.
2007-05-08 10:19:12 · answer #7 · answered by Coulterbasher01 4 · 1⤊ 2⤋
Unemployment is one of the leading factors with the economy insofar as the president has influence using fiscal policy, and it is very low right now...where are you reading this crap?
One of the most influential people on the economy is the Chairman of the Federal Reserve which was Greenspan(a Republican) and he can be credited for the booming economy during the Clinton disaster...go open an economics book before your mouth next time...
2007-05-08 10:23:07 · answer #8 · answered by monkey 4 · 3⤊ 2⤋
From what I see in my paycheck, and the national job market, he already has.
The Dow means little to the average American; unless you own a lot of stock, few reap the benefits. And no average, blue collar working American can afford a portfolio now, not when they have to worry if their paycheck will cover their mortgage/rent, medical expenses, taxes, groceries, fuel, etc.
Wages have not kept up with the cost of living.
2007-05-08 10:23:56 · answer #9 · answered by tiny Valkyrie 7 · 1⤊ 1⤋
You must be reading the liberal rags as last time I checked the economy is very strong. Unemployment is low except for all the Illegals that have no place to work as they flooded the market.
2007-05-08 10:15:34 · answer #10 · answered by Anonymous · 1⤊ 1⤋
Is there any doubt you have no idea what you are talking about?? Where'd you go the Karl Marx School of Economics?
2007-05-08 11:02:39 · answer #11 · answered by Anonymous · 1⤊ 0⤋