2007-06-01 14:13:59 · 11 answers · asked by Anonymous in Politics & Government ➔ Elections
Do you live under a rock? It isn't. Bought any gas lately? That has affected everything. I feel sorry for the people who are ignorant enough to think the tax cuts benefited the average working American. Yeah, right. If you make over $300,000 it certainly helped you. Bush is spending our grandchildren's future wrecking the future economy as well as the current economy..
2007-06-01 14:30:50 · answer #1 · answered by lcmcpa 7 · 3⤊ 0⤋
I assume you are speaking of the US economy.
Let us see, the unemployment rate is measured by how many people, as a percentage that should be able to work, are collecting unemployment benefits. A person may only collect unemployment for a period of 12 months or until their allotment runs out, usually 26 weeks of full time payments. The actual rate of people who are not working is around 9%, the rate of people who are underemployed by at least 50% of their previous wage is 23%.
Bankruptcy is at an all time high in the middle-income levels but down in the over $100,000 area. It currently takes a household income of $57,000 per year to purchase a median home priced at $212,000 so only about 25% of the population can afford to purchase a house and of those, 90% are two income families.
Illegals take another 7% of the jobs that pay a declarable income.
Are you sure the economy is so great?
Economic reports originate from how well large corporations are doing and most of them are doing a record business; unfortunately, it is a record business overseas. IBM is handing out 1500 pink slips this summer and Motorola will be doing the same to a tune of 5000 jobs around Christmas time. Stock is up because of the companies that have moved overseas yet still fall under the protection of the Federal Government, have cut their expenses. Laying off Americans and then hiring Indians, Filipinos, Chinese, etc overseas for pennies.
The crunch is already hitting the American Middle-Class hard and as soon as the federally funded construction peters out, you will see a huge downfall in the standard of living; unless you are in the upper 10% of the population.
Enjoy what Free Trade has brought.
2007-06-01 21:37:19 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The Tax cuts which I hope the Democrats can't rescind. The most inflationary item in our economy are interest rates. Contrary to the Federal Reserve Bank policy raising interest affects all items in the economy. Interest has gone up 400% while gasoline has only gone up about 100%. All of us help pay the interest on the national debt. I believe that the Federal Reserve board and the Internal Revenue Service are the worst things to happen to this country in the last Hundred years.
2007-06-01 22:07:48 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It's not. It's sluggish right now actually.
When an everyday necessity like gas climbs to new records, consumers spend less and have less confidence to spend money.
I'd suggest you find a site with the current state of the economy.
2007-06-01 21:18:36 · answer #4 · answered by Josh 4 · 0⤊ 1⤋
Tax cuts
2007-06-01 21:19:22 · answer #5 · answered by LIL_TXN 4 · 0⤊ 0⤋
The Bush tax cuts. See it get even better if the FairTax is ever enacted
2007-06-01 21:16:49 · answer #6 · answered by Dan 4 · 1⤊ 0⤋
Bush tax cuts only reason.
2007-06-01 21:24:34 · answer #7 · answered by Anonymous · 0⤊ 0⤋
dude where have you been the economy sucks.
2007-06-04 09:59:26 · answer #8 · answered by rsmoe69 2 · 0⤊ 0⤋
It is not have you bought a tank of gas lately
2007-06-01 23:15:39 · answer #9 · answered by paul65265 2 · 0⤊ 0⤋
We are in the Matrix and it's all an illusion.
2007-06-02 04:08:17 · answer #10 · answered by Bloatedtoad 6 · 0⤊ 0⤋