Will liberals ever admit that the economy is thriving?

Question

More evidence, as if we actually need more.

http://apnews.myway.com/article/20070727/D8QL197G1.html

Answer 1

They will NEVER say anything positive about this administration...they have attacked this administration on EVERY level during a time of war which is disgusting...their quest for power drives them to always say negative things even if it is a lie...repeat it enough and the weak minded will start to believe it....the ends always justify the means to them...they are soul less and could care less if what they say is not true, and they could care less about the very ones they claim they caring for ....everyone is just a prop to them to regain power.

Answer 2

Last year the Department of Commerce overrated the rate of growth by over 1.5%. And it had to admit it was wrong and that the real rate of growth was .5 or .6% What makes you think the Department of Commerce has it right this time? To begin with 3.4% growth is not a thriving economy. Second, the dollar is dropping like a rock against the Euro and the British pound. Third, gas is rising, inflation is rising, the national debt is rising and the interest we pay on that debt is rising, rapidly rising foreclosures are going to effect the overall housing market and economy, And, the America people as a whole have far too much debt in general. This doesn't even include the rising costs of this war in Iraq. When the roosters come home to roost with a recession and when this problematic economy that I mentioned evolves into a recession, are you going to be first on the boards to apologize to the liberals who told you so?

Answer 3

Corporate profits are up. That helps a specific class of investor, but not the population at large.

Your article mentions that inflation has moderated "ouside a burst in energy and food prices". My friend, for the poor, energy and food are everything, so inflation is in full force down at the bottom of the ladder.

Real wages are stagnant, and benefit packages are being slashed with the defaulted amounts being placed onto the taxpayers' backs.

Add the housing debacle, and you won't find a lot of realists who will say that the economy is thriving. I can tell you that walk-in traffic in the shop where I work is the lowest I've seen it in 12 years.

I'd love to hear what you think the criteria are for this supposedly vital economy and how you think they're helping real people.

Answer 4

It's thriving just the way it was thriving in 1929.
Weak dollar and slumping housing market are ominous signs of what is to come.

The article you linked doesn't really show how the economy is thriving. It says how after a period of slow growth, business and government spending is back up but individuals are tight with high gas prices and poor housing market.

It's not liberals either who are looking at the economy with concern. It's economists.

Answer 5

Not until a Democrat gets into office, then they'll take the credit. It'll sound like this on January 29th, "In the 9 days I've been in office, I have balanced the budget, reformed Social Security, repaired our trade deficit, and am proud to say that our economy is turning around and thriving. Yeah me!"

Answer 6

I don't think the economy is suffering either way.

I know there's been a move towards clean investments and renewable other sources in my region, at least.

You do have very bad timing for this question, however--
Didn't the Dow just drop over 300 points, sending the major world economies down a bit with it? And isn't the housing market bad?
You know the economy is bad when property buying is low. Property is the safest investment there is.

Answer 7

If an economy with foundations made from exploitation of poor third world labor and shifting from a manufacturing to service economy is a "thriving economy" I'd admit it.
To me a thriving economy means decent jobs and plenty of them. Not so here in Michigan.
Thriving foreclosures and lost jobs are the trend.

Answer 8

The common people won't. The rich ones might. If you can afford stock and high prices on everything driven up by fuel doesn't wipe out your stock gains, then you can say the economy is good. For the average working person trying to feed a family of four on less than 100k a year, I would say they are getting into their savings right now. I am glad you are rich enough to enjoy the " good" economy. Most of us are not.

Answer 9

Thriving?

HAHAHAHAHAHA!!!!

Yeah, sure. Last Thursday and Friday, it was REALLY thriving!

NOT!

While you're at it, why don't you tell US which parts of the country are doing the "thriving"?

And I will show YOU the rest of America: Which is sucking into massive personal debt and constant borrowing, with little in the way of personal savings.

How does that stack up to your 2% Fantasy Universe?

Answer 10

I can only see the economy "thriving" for the upper upper class! For this peon, it's the pits!

I make less than $10.00 per hour, my health insurance costs have gotten larger, my company is trying to lay off all older workers and replace them with minimum wage workers, 90% of the merchandise that we sell is made in China or countries in the Middle East (and what happened to the Americans who USED to manufacture those same goods????), the auto companies are in severe trouble, etc. etc.

The economy STINKS for anyone but the top 5% in the US,,,,so I guess we know where you are.

EDIT Your link says "Inflation--outside a burst in energy and food......has remained low"... blah blah blah.....Well, what do we all need??? Energy and food!!!! Duh! These "needs" hit the "little guy" more than anything! And, then there is housing. Have you looked at how many homes have gone into foreclosure? And where are those people living now? On the street??

Answer 11

Hmm....is that why there are 8 million homes for sale in the US right now, with another 500k or so due for foreclosure in the next 6 months?

Can we chalk that up to Bush's booming economy too?

Did you happen to notice that the value of the US dollar slid below the value of the Canadian dollar last week? Have you ever seen that before?