How About That Bush Economy, Folks?

Question

Tax cuts are paying down the deficit, Growth is fantastic, good paying jobs are plentiful, my tax cut helped pay my gas bill for May... now, I have to run to the pharmacists for more xanax.

Answer 1

I paid more in taxes this year than ever before. My salary remains pretty much where it has been for the last few years because my employer can't afford to give raises.

The deficit is the highest it has ever been. Our trade deficit is getting worse. Home prices are falling and that is because people can't afford to buy houses. Supply and demand.

Because of gas prices, food and everything else is going up. No caps are put in place like Nixon did to help people afford the basics.

Oh, yeah the Bush economy is great alright if one is a millionaire.

Answer 2

What exactly makes a good economy? Can we look a one month down turn in one aspect of the economy and say that it is now bad? Here are a few points to a good economy:

1. Stock market - rates of return on investments are high. Continues to grow. Please don't bring that lame liberal garbage that it is getting too high. When Clinton had the internet bubble and stocks were soaring eveyone gave him credit for a great economy so you cant turn around and dis-credit this economy because the stocks are "too high".
2. Unemployment - rates are very low. No not everyone is making millions but since when does everyone have to make six figures or more before it is a good economy? In the words of Charlie Brown "Good grief"!
3. Interest rates are still very low - if you don't think so then maybe you are too young to remember the Jimmy Carter days when interest rates were 12%+.
4. Tax cuts - this is the reason for the low unemployment. They have also generated more tax revenue because now that more people are working more people are paying into the system.
5. Consumer spending - even though gas prices are high consumers are still out buying stuff. The economy must be good otherwise consumer confidence and spending would be decreasing instead of increasing.
6. GDP - is still growing showing strong growth for the economy.

There are many other factors that fit into the health of the economy as well that all tie together. If we take and study all aspects of the economy we can easily come to the conclusion that the economy is thriving.

Answer 3

It is great. My taxes are low. I got a massive refund this year.

The gas prices are not set by the government, as much as anyone thinks they are. They are set by simple supply and demand.

The slowdown in the economy is just a bump in the road. It will rebound this summer, as the housing market picks up.

The facts are unemployment is low, the stock market has never seen so many highs, business are pulling in record breaking profits. This all points to a great economy.

Answer 4

Is that supposed to be satire? If so, it's not very good.

Tax cuts are NOT "paying down the deficit" the deficit is growing every second. Nine trillion dollars PLUS, to be exact.

Growth is non-existent. The housing market had the sharpest decline in FIFTY YEARS last month.

"Good-paying jobs" is an oxymoron or a blatant LIE, take your pick. Wages are stagnant and have actually been DECLINING in real dollars since bush.

As for your "tax cut helped pay" your gas bill.......uh, sure.

Now I *DO* believe your comment about the xanax.

Answer 5

Sounds like you need more than Xanax to counteract your acid trip. This economy has problems, but it is nowhere near as bad as a democrat-dominate economy would be. Do you really think that tax cuts are bad? You must think that higher taxes are good, then. If you think the government can handle our money better then WE can, you really do need some anti-hallucinogenic pharmaceuticals. I live in a democrat stronghold state, and we are having a one-state recession!! The rest of the country is still doing fairly well.

Answer 6

Yeah boy, I just hope he manages to quadruple our national debt one more time, triples our trade deficit (again), and keeps them gas prices stokin' up another $2/gallon before he leaves office.

Hey, 8 billion dollars every month to the war in Iraq is peanuts. I mean, it's not as if our kids and grandkids will mind paying our debts.

Answer 7

The highlight of this economy is the stock market, and it has gone dangerously high. It reminds me of the bubble in 2000.

Answer 8

Yahoo just reported the economy is the lowest since 2002.

Answer 9

Job Creation Continues – More Than 7.8 Million Jobs Created Since August 2003

April 2007 Marks 44th Consecutive Month Of Job Growth

Today, The Bureau Of Labor Statistics Released New Jobs Figures – 88,000 Jobs Created In April. Since August 2003, more than 7.8 million jobs have been created, with more than 1.8 million jobs created over the twelve months ending in April. Our economy has now added jobs for 44 straight months, and the unemployment rate remains low at 4.5 percent.

The American People Are Using The President's Tax Relief To Produce Strong And Lasting Economic Growth

* Real After-Tax Personal Income Increased At A Strong 4.5 Percent Annual Rate In The First Quarter. Per capita, real after-tax income has risen by 10.4 percent – more than $3,000 – since President Bush took office.
* Real Wages Rose 1.3 Percent Over The 12 Months Ending In March. This is faster than the average rate of the late 1990s economy, and it means an extra $765 in the past year for the typical family with two wage earners.
* The Economy Has Now Experienced Over Five Years Of Uninterrupted Growth, Averaging 3.0 Percent A Year Since 2001.
* Since The First Quarter Of 2001, Productivity Growth Has Averaged 2.8 Percent. This is well above average productivity growth in the 1990s, 1980s, and 1970s.
* Consumer Spending Increased At A Solid 3.8 Percent Annual Rate In The First Quarter.

Allowing Tax Relief To Expire Would Result In The Largest Tax Increase In Our Nation's History

As A Result Of The President's Tax Cuts, Every Taxpayer Who Paid Taxes Will Get Tax Relief This Year. In addition to cutting taxes on everyone who pays income taxes, the Administration has doubled the child tax credit, reduced the marriage penalty, cut taxes on dividends and capital gains, and put the Federal death tax on the road to extinction. As a result, in 2007:

* 113 million taxpayers will receive an average tax cut of $2,216.
* 45 million families with children will receive an average tax cut of $2,864.
* 27 million small business owners will receive an average tax cut of $4,711.
* Over 5 million individuals and families will see their income tax liability completely eliminated.

Strong Economic Growth Has Helped Produce Record Levels Of Tax Revenue, Which Is Helping Us Toward Our Goal Of A Balanced Budget. Receipts have increased nearly 35 percent since the tax relief was fully implemented in 2003, and the deficit has declined by $165 billion in the last two years.

* Record Tax Revenues Generated By Our Growing Economy Helped Us Reach The President's Goal Of Cutting The Deficit In Half Three Years Ahead Of Schedule.
* Spending Restraint And Keeping Taxes Low Will Help Us Reach The President's Goal Of Balancing The Federal Budget By 2012.

Unless We Act To Make Tax Relief Permanent, Americans Will Face A Massive Tax Hike. The President's tax relief is set to expire at the end of 2010. If this happens, hard-working Americans will get stuck with the bill:

* If you have children, your taxes would go up by $500 for each child;
* If you are in a family of four making $60,000 a year, your taxes would go up by more than $1,800; and
* More than five million low-income Americans who now pay no income taxes would once again have to pay.

Answer 10

You got that right .
I've been saying that for months
Do you think someone should wake up Bush and tell him ?