G.W. smacked the nail right on the head with the tax cuts. the U.S. economy is the greatest ever, even better than what Reagan did. don't you agree?
2007-09-24 16:51:57 · 14 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
Every day I thank the great economy of this country that i can go to my part-time job stocking shelves and make more money working 10 hours a week while going to University than most people make working 80 hours a week in a year! Of course it's great, and the people that complain that the economy sucks ought to get out of their little holes and try living in a place like Sudan for even one day!
2007-09-24 17:00:36 · answer #1 · answered by bananaquack728 2 · 1⤊ 2⤋
On the outside the economy looks excellent I agree. War is big business and there are more pharmacuticals that cure and cause many diseased, the health dept is doing great because of failing health all around the country. Money is being made but not by the right people, under this economy the rich get richer and the middle class gets dumped into the lowerclass. yes this great economy eliminated comfortable life for most middle class americans. If your a fascist this economy and soon to be police state is great!!!! NOT
Oh and if our economy is going to continue to be great then why did bill gates buy 1/3 of the worlds silver and invested the rest of his american dollars into euros. So this is the rise before the fall everyone. Be prepared, lots of canned goods people!!!! National sovreighnty is disappearing and the global elite reap the profits!!NEW WORLD ORDER!!!
2007-09-24 17:27:12 · answer #2 · answered by stonehouse421 2 · 3⤊ 1⤋
maybe that's a campaign promise--"in case you pick me, historic past will coach..." Unemployment is in basic terms 6.a million % in September. throughout the time of the Nineteen Thirties unemployment reached over 25%. even nonetheless, there are some extreme concerns appropriate to the money furnish, and underemployment is often the Phantom hazard, that allows you to talk, in those employment numbers. Sub top mortgages had their roots in social engineering of Clinton. loss of regulatory reform to fulfill the stressful situations wrought by ability of affirmative lending falls on Bush and the Congress. the real blame fall on any of the politicians in this democracy greater frightened approximately re-election than responsible management. maybe we ought to constantly make a regulation that each and each Congressperson and Senator take a direction in Economics.
2016-10-09 19:26:50 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Hopes you are being sarcastic. The only ones doing well are oil companies, defense contractors, and Haliburton. GWs tax cuts and huge deficit spending will cripple this economy for years to come, much the same as Reagan policies did.
2007-09-24 17:12:49 · answer #4 · answered by ndmagicman 7 · 3⤊ 1⤋
HAHAHAHAHAHAHAHA
The Rich kept all the money they stole. Old David Stockman and his Voodoo economics didn't work under Reagan and they didn't work under Bush.
If Bush knew they were a failure, why would he give the rich the tax-cuts? Must be so the rich could keep them.
Why is it when they steal from the poor to give to the rich it is NEVER "redistribution of wealth", but it always is if the rich ever have to pay anything?
2007-09-24 17:00:57 · answer #5 · answered by cantcu 7 · 4⤊ 1⤋
You honestly think this is the best economy "EVER"? For whom? I assume the upper and upper middle class and if that's the case are you considering Ancient Rome? Britain at the hight of colonialism? I think the world has seen better markets. I'm just going out on a limb though...
2007-09-24 17:01:51 · answer #6 · answered by Anonymous · 3⤊ 1⤋
the economy's success is only a byproduct from heavy government overspending and benefits to corporations
this can't last forever. look what happened to the soaring house market... that is where the rest of the market is going...
keep in mind that real wages are still falling, the richest people are getting even greater shares of the economy...
a good time to be a fatcat capitalist, yes
2007-09-24 17:01:04 · answer #7 · answered by MrPotatoHead 4 · 3⤊ 1⤋
yeah, you just wait....taxes bounce...so what goes up..must come down..then it bounces back up. He wont let it stay long, the cuts are for people to get back into buying...mostly houses, thats where the big taxes are......most people will think.."oh taxes are cheap lets get all this stuff, and get in on some credit...then POW....we are so in debt..there is no way, we can stay this way...i sale real estate..the biggest complaint...taxes....so when these flex rates, short arms,ballon payments hit...we are gonna be worst off than before.
2007-09-24 16:59:51 · answer #8 · answered by Anonymous · 3⤊ 1⤋
Not really.I believe that this horrific war has sparked the economy.If the economy is ooming like you say,why are all the programs a failure.Politicians are paid to lie.If you believe that the majority of them are your friend,then you are living on a different planet with a totally misconcued reality system.We had a surplus,but it was plundered by arrogance,and corruption
2007-09-24 16:58:40 · answer #9 · answered by Anonymous · 5⤊ 2⤋
Interest rates are lower then Reagan and Clinton,
Unemployment rate is lower then Reagan and Clinton,
Budget defecits are higher but being tamed (like Reagan) and Clinton nearly got it too balanced thanks to the Internet economy (no doing of his own).
That does not mean there are not problems - the housing problem is a serious one that needs to be addressed by yet lower rates and smarter lending.
2007-09-24 16:56:07 · answer #10 · answered by netjr 6 · 3⤊ 3⤋