Isnt it great that we have the boomingest economy ever under Prez Bush?

Question

Thank God for this man.

Think of what life would be like without him.
Think of how worst our budget would be in much deeper deficits, and how much higher our gas prices would be without him, and how much more hatred there would be for the USA without him, and how we would be headed for a depression without him, and how the middle east would so much more unstable and dangerous without him...and I would hate to think how many countries Iran would have invaded by now if it was not for Bush.

http://news.yahoo.com/s/ap/20071019/ap_on_bi_ge/stretching_paychecks

my GOD, instead of 1 million foreclosures in next few months, we could have been having 5 million foreclosures if Bush was not in charge.

Once again, great job Mr. President....our country is in your "debt".

Answer 1

Yeah its a good thing we had those Clinton years in between all the Republican ones. Clinton did wonders for our country with his free trade agreements that sold out our future.

Answer 2

I hope you're being facetious.
Bush has put American taxpayers TRILLIONS of dollars in debt because of his insane, insipid 'war'.
Gas prices are skyrocketing because Bush and Cheney's oil buddies are manipulating the market, and will continue to do so once Bush's number-one non-military 'benchmark' is put in place, which forces Iraqi's Parliament to surrender two-thirds of its oil fields to foreign oil companies, thus allowing them to literally STEAL Iraq's most valuable economic resource.
There can't be much more hatred for the U.S.A. that there is right now. That's why so many young men are joining AlQaeda, just as so many young men joined the service after Pearl Harbor was attacked.
We ARE headed the worst economic depression in this nation's history. That's why over a million homes are being foreclosed on this month, and a million more will be repossessed next month. The depression will hit shortly after Bush leaves office, probably in October, 2009. That's why you'll see only a mediocre Republican attempt to win the elections next year. They'll want a Democratic landslide so Democrats inherit the depression, and Republicans can return victorious in 2012.

Oh, God help us - I really hope you're being facetious!!
-RKO- 10/19/07

Answer 3

The economy is far from booming. It has shown some moderate growth in a few industries in a few areas of the country. But at what price have those moderate gains been achieved? Record setting deficit spending by the government, record setting credit debt by consumers. Bush merely sacrificed the future economic status for short term, moderate gains.

Answer 4

W. has increased our national debt to $9 trillion and greatly expanded the size of our govt. He has been acting like a free-spending liberal instead of tight-fisted conservative. Shame on him. He has put the bill for his uncontrolled spending on future generations. W. Bush will certainly go down in history as one of the USA's worst presidents. His approval rating has just reached a new low, and he has increasingly become politically irrelevant.

Only a fool would believe that W. has done a good job.

Answer 5

The stock market has averaged only 2% increase per year under Bush's mismanagement. The dollar is at unprecented low valuation versus other benchmark currencies, the US military is a shambles, America is an international laughing stock, and the Bush/Reagan debt has reached $9 trillion.

Way to go, Boy George!

Answer 6

You mean as compared to Lincoln, Washington,Roosevelt??? i don't think of so. i'm no longer a Democrat, no longer even an American, regardless of if I lived there for 15 years, yet i imagine that Bush received't pass down in historic previous because the "incredible prez we ever had". he will be sidelined to a "oh definite, there become this maniac noted as Bush", someplace contained in the margins!!!

Answer 7

The rise in grocery prices also could be partially attributed in the rise in the cost of food. Farmers have been growing corn instead of crops - ethanol - and the prices of all groceries have been rising. Also, the rise in minimum wage means that grocery stores have to raise their prices. Grocery stores are well known to have razor thin profit margins.

Economics is not as simple as "it's the president's fault". There are many many factors involved in the thinning of a weekly paycheck to consider.

Answer 8

I enjoy poking fun at the sheep too.

Truly amazing isnt it? take this guy above me, islam. No matter what you said, no matter what is going wrong, he just states that a purported 4.7 unemployment means all is just great in the USA and we are booming.
lol. So the foreclosure stuff you mentioned, the deficits, all the other stuff you mentioned and that we know to be facts, he just ignores, and merely concludes that all is well and apparently simply because he says so.

Answer 9

Keep Dreaming

Answer 10

TYPICAL BAIT AND SWITCH REPUBLICAN BULLCRAP

What do you do when you want to screw only the working people of your nation with the largest tax increase in history and hand those trillions of dollars to your wealthy campaign contributors, yet not have anybody realize you've done it? If you're Ronald Reagan, you call in Alan Greenspan.
Through the "golden years of the American middle class" - the 1940s through 1982 - the top income tax rate for the hyper-rich had been between 90 and 70 percent. Ronald Reagan wanted to cut that rate dramatically, to help out his political patrons. He did this with a massive tax cut in the summer of 1981.
The only problem was that when Reagan took his meat axe to our tax code, he produced mind-boggling budget deficits. Voodoo economics didn't work out as planned, and even after borrowing so much money that this year we'll pay over $100 billion just in interest on the money Reagan borrowed to make the economy look good in the 1980s, Reagan couldn't come up with the revenues he needed to run the government.
Coincidentally, the actuaries at the Social Security Administration were beginning to get worried about the Baby Boomer generation, who would begin retiring in big numbers in fifty years or so. They were a "rabbit going through the python" bulge that would require a few trillion more dollars than Social Security could easily collect during the same 20 year or so period of their retirement. We needed, the actuaries said, to tax more heavily those very persons who would eventually retire, so instead of using current workers' money to pay for the Boomer's Social Security payments in 2020, the Boomers themselves would have pre-paid for their own retirement.
Reagan got Daniel Patrick Moynihan and Alan Greenspan together to form a commission on Social Security reform, along with a few other politicians and economists, and they recommend a near-doubling of the Social Security tax on the then-working Boomers. That tax created - for the first time in history - a giant savings account that Social Security could use to pay for the Boomers' retirement.
This was a huge change. Prior to this, Social Security had always paid for today's retirees with income from today's workers (it still is today). The Boomers were the first generation that would pay Social Security taxes both to fund current retirees and save up enough money to pay for their own retirement. And, after the Boomers were all retired and the savings account - called the "Social Security Trust Fund" - was all spent, the rabbit would have finished its journey through the python and Social Security could go back to a "pay as you go" taxing system.
Thus, within the period of a few short years, Reagan dramatically dropped the income tax on America's most wealthy by more than half, and roughly doubled the Social Security tax on people earning $30,000 or less. It was, simultaneously, the largest income tax cut in America's history (almost entirely for the very wealthy), and the most massive tax increase in the history of the nation (which entirely hit working-class people).
But Reagan still had a problem. His tax cuts for the wealthy - even when moderated by subsequent tax increases - weren't generating enough money to invest properly in America's infrastructure, schools, police and fire departments, and military. The country was facing bankruptcy.
No problem, suggested Greenspan. Just borrow the Boomer's savings account - the money in the Social Security Trust Fund - and, because you're borrowing "government money" to fund "government expenditures," you don't have to list it as part of the deficit. Much of the deficit will magically seem to disappear, and nobody will know what you did for another 50 years when the Boomers begin to retire 2015.
Reagan jumped at the opportunity. As did George H. W. Bush. As did Bill Clinton (although Al Gore argued strongly that Social Security funds should not be raided, but, instead, put in a "lock box"). And so did George W. Bush.
The result is that all that money - trillions of dollars - that has been taxed out of working Boomers (the ceiling has risen from the tax being on your first $30,000 of income to the first $90,000 today) has been borrowed and spent. What are left behind are a special form of IOUs - an unique form of Treasury debt instruments similar (but not identical) to those the government issues to borrow money from China today to fund George W. Bush's most recent tax cuts for billionaires (George Junior is still also "borrowing" from the Social Security Trust Fund).
Former Bush Junior Treasury Secretary Paul O'Neill recounts how Dick Cheney famously said, "Reagan proved deficits don't matter." Cheney was either ignorant or being disingenuous - it would be more accurate to say, "Reagan proved that deficits don't matter if you rip off the Social Security Trust Fund to pay for them, and don't report that borrowing from the Boomers as part of the deficit."