As the Dow Jones gets over 14,000 today, why do the liberals say the economy is not doing well?

Question

Also, why is this "poor economy" W's fault.

It appears this question or some semblance of it has already been asked. Maybe somebody will come up with real answers to mine, though. The previous ones have just called Bush a liar and talked about the Iraq war. ANSWER THE QUESTION.

Answer 1

This "poor economy" is the fault of whoever lowered taxes. So it must be W's fault. When consumers have more to spend, they spend. When inventory has to be replaced, workers are hired. When workers are hired, unemployment goes down. In my state (Alabama), unemployment is less than 4%. I was taught in college economics that full employment occurs at 6% unemployment. There are people who are always going to be "between jobs". Of course, unions are not as strong in this state as they are in the north where unemployment is more of a problem. Of course the north is more liberal than the south, so who's crying now?

Answer 2

Besides begging the question regarding what liberals are saying about the economy, do you really think that the Dow Jones Industiral average is a very good indication of what state the economy is in?

And if so, do you really think that Dow at 14,000 is a good showing? That's only a 27% increase over 6 years. That sucks. The Dow rose 188% over Clinton's first 6 years in office.

Answer 3

Well first off it not just liberals saying the economy is bad,

its almost everyone that doesnt make money from the numbers producedby the Dow-Jones,

Its every person that has started looking for a job after the factory closed, its every family that just recived the sherif sale notice on their forclosure,

the husband that realizes this month his son or daughter wont be going to the next semester of collage cus he cant cover what his or her part time job and student lons cant pay, its the mom in wall mart having to tell her sick kids "no" cus she has to chose between food or medicine,

Thats who is saying the economy is bad and guys like you look at the numbers in the market and assume that everything is fine because your profits are up,

wow

Answer 4

Because you can not get socialism to take root in a strong capitalistic society.

Because the republicans do not have someone like Al Gore taking credit for the Internet before the Internet Stock Bubble burst.

President Bush gets blamed for everything.

I blame him for the poor state of the media, they have stopped fair reporting and slander the very country in which they live and work. If President Bush put them in their place like I would like him to, we would not have to deal with lies and propaganda.


avail_skillz: You have no clue how the DJIA is computed do you? Looks like you did a quick search and copied the list of companies without understanding the weights given each.

Answer 5

Because Liberals don't work.
They judge the Economy on how much their Welfare Checks go up.

Why the lies? 86% of the Working People now own Mutual Funds.
Most Working People have 401ks, IRAs, and are building up their Pensions. These are all in the stock market.
If Democrats worked for a living they would know this.

Answer 6

So you think Aerospace/defense profits going up during a time of war, is something to brag about?
The Dow is going to go up with record profits reported from oil companies. most of which do much of their work outside of the USA.
Does "Made In China", "Made In Taiwan", "Made in India", "Made in Pakistan", "Made in Indonesia", mean anything at all to you?

Do you even have a clue what the DOW Jones is? It once was a great indicator of economic factors, but when many of those comapnies don't do their manufacturing in the united states, its easy for them to make huge profits regardless of the state of the US economy.
Considering 70% of American employment is in small businesses, who are getting hit the hardest by high gas prices, i would say that the DOW doesn't reflect as much as you think it does since it only averages a few larger corporations.

Answer 7

Because the Dow Jones is not the entire economy....have you seen our national debt? This is the ammount of debt our country is in at this very moment. I call that some great economy

Answer 8

The economy ROCKS - for only 2% of Americans.

I don't know about liberals, but I don't have money to play the stocks. I'm living hand to mouth now days thanks to outdourcing and frozen wages.

I never had this problem when... oh never mind, I bet you don't care for Bill or an across the board economy.

Answer 9

So it is supposed to be the Republicans who are more in tune with the economy yet this one seems to think the whole economy is the stock market. Dream on, dream on.

Answer 10

If liberals had a good understanding of the economy, do you honestly think they'd still be a liberal?