Clinton walked in on an economy that was on a major upswing, and when he left it was on it's way down. Under Bush the American economy has added more than 6.3 million jobs since the fall of 2002, and Employment is near an all-time high. The unemployment rate (4.6 percent) is well below the average for each of the PAST FOUR DECADES. Home ownership is at a record high. Real disposable personal income has risen almost 14 percent since President Bush took office; and core inflation rose just 2.3 percent over the past 24 months. The Dow Jones industrial average has risen from under 7300 in 2002 to around 14,000 for most of this year. Tax revenues are at an all-time high, and so is total household net worth. We really need to look for news in other places than our liberal mainstream media. They will NEVER give you the truth about ANY Republican.
2007-10-20 00:08:22 · 21 answers · asked by Kingler 5 in Politics & Government ➔ Politics
Looking at the responses above it is clear the LIBERAL drive by media has done their job to report the news they wish us to hear the way they wish it to be. Sad.
2007-10-20 00:32:00 · answer #1 · answered by stupidcaucasian 6 · 7⤊ 6⤋
Fact:
Home owneship might be at an all time high based on 2005 figures BUT FORECLOSURES are at an all time high. So the point is now moot.
Fact:
Wages are growing slower than inflation avg 2-3% wage increases vs. 4-6% cost of living increase
Fact:
Bush came into office with a $6 trillion surplus. NOW The national debt as of 10/20/07 12:00 am is $9,058,999,808,678.72. Our national debt is INCREASING $ an alarming $1.43 Billion EVERY DAY. This means that my household alone owes $89,602.77, including my 4 year old, towards this " great" economy's debt.
http://www.brillig.com/debt_clock/
Fact:
Jobs are going overseas faster than ever before. Go and tell the people in Michigan, SC about how great the economy is doing.
Fact:
China and Japan hold $985.8 Billion of our debt. If they decide to call that debt in, we're screwed.
http://www.ustreas.gov/tic/mfh.txt
Fact:
When the crow, the deficit is down, don't be snowed. All it means is that they did not add as much debt this time around vs the year before. It does not mean that the deficit is any lower
http://www.brillig.com/debt_clock/faq.html
Fact:
Unemployment calculation is FALSE. The way unemployment figures were calculated was CHANGED back in the days of Reagan.
Prior to his changing it, the umemployment rate took into consideration adults 18 years and older entering into the job market for the 1st time and unable to secure a job. It also took into consideration, those who had been on umemployment and their benefits ran out and/or they were "underemployed"- meaning they were not working in the field or at the same pay rate as before. Once the change was made, it created the "false" sense that unemployment has dropped. The calculation only counts those who collect unemployment. Once they drop off the rolls, such as their benefits running out, they are assumed to be employed although that might not be the case.
There are thousands of people out there who are unemployed or underemployed and they are not factored into this "great economy"
2007-10-20 01:36:40 · answer #2 · answered by thequeenreigns 7 · 5⤊ 3⤋
Even as Clinton was leaving Washington, the American economy had begun to move into a serious recession. The recession was mainly due to the bursting of the dot com bubble. Clinton's economy would have been nothing without new technology soaring the stock market to great heights.
America's belief in it invulnerability was shattered on 9/11 when 19 Arab hijackers slammed domestic airliners into the WTC and the Pentagon. What happened that day could have been prevented, but after 8 years of Clinton's undermining the intelligence agencies, and emasculating the military we were left defenseless.
Despite 9/11, Katrina and Iraq our economy is growing and our deficit is shrinking. The deficit is at it's lowest in 5 years, and at an average 40 year low. Tax cuts do work to strengthen the economy.
Our president has also beefed up the intelligence and national security. The Liberals will do and say what they will but the proof lies in their actions. Another example would be Harry Reid casting aspersions on a citizens free speech, and spinning it!
The news media IS liberal with lies check out NYT and ABC reports with the Limbaugh/Reid letter, they left out many truths!
And that is the truth!
2007-10-20 00:41:35 · answer #3 · answered by Moody Red 6 · 6⤊ 3⤋
why is it that what Clinton did is seen as a failure (the could desire to attain out and make homeownership a doable option in life). we could be sparkling, the rationalization for the "forcing" banks to offer loans became to no longer provide human beings properties that they couldnt have the money for. the belief became to make homeownership a actual option. Dont get it twisted while Sally and Bob with 850 credit scores walked interior the financial institution with 25k jobs they left with 4.00 rates of pastime. while Shaniqua and Tyrone walked in with seven-hundred credit scores and 55k jobs they left with 8.5% rates of pastime. (particularly sorry i had to flow there yet its actual) The disparities in what human beings the place paying in accordance with demographics is and became incredible. human beings blame Bush through fact he allowed his administration to offer out undesirable contracts with taxpayer money, he has us caught in this "conflict" and he gave companies very great tax cuts and in certainty surpassed over something of the U. S.. If this recession became headed this form in 2004 we could blame Clinton yet as a central authority PPBE worker.... i be attentive to greater useful sorry. to be straightforward I blame banks that broke peoples backs with rates of pastime that have been remarkable, extremely some those I certainly have heard approximately are down astonishing usurious
2016-10-13 06:40:14 · answer #4 · answered by kosmoski 4 · 0⤊ 0⤋
The way the government fixes things that become a problem is to change the formula in the calculation or put a positive spin on it. Here's a few things that have been changed.
In calculating unemployment, young people who are just entering the job market for the first time and can't find a job are not counted. People who have have their unemployment benefits expire and haven't found a job are not counted as unemployed any longer. People who work as independent contractors, and there is a great number of them in today's labor market, don't get counted as unemployed when their work peters out because they don't qualify for unemployment benefits.
As far as inflation numbers go, staples like food, energy cost, medical care, prescription drugs, college tuition, and most other items you spend your money on in order to live day-to-day are not even considered any longer in the inflation rate. Items that historically go down in price from year to year like TVs and other electronics are the major items used in calculating core inflation.
The stock market or the DJIA is only 18% higher than it was in the year 2000. This is the smallest gain in any comparable period. This gain is not a result of increased production. It is a gain that relates only to the decline in the value of the dollar during that time.
Speaking of which, In 2000 one dollar equaled 1.34 Euros. Today one dollar equals .69 Euros. That equates to a 48% loss in value on the international currency market in 7 years. The government is putting a positive spin on this very negative problem. It's good for businesses. Businesses get to earn more dollars when they convert their foreign currency for goods sold abroad. But you, the individual, end up spending more of your dollars for imported products, like oil. Businesses get more profit, and you have less disposable income. Not a good trade off, in my opinion.
You you believe everything that you put forth in your question, you have been completely taken in by false data and political spin.
btw. I'm not a liberal. I am a fiscal conservative.
2007-10-20 00:59:02 · answer #5 · answered by Perplexed Bob 5 · 3⤊ 4⤋
Have you by chance looked at the national debt--your debt--lately? Or have you by chance looked at the deficit that so-called Conservatives developed?
Our great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-grandchildren will be paying for Bush's "wonderful economy." Think about that when you remember how nice it was to receive that $400.00 pitance, "Tax Relief for America's Families," in 2001. Ultimately, how much will that bribery payment cost us in the end?
How do you think this is all going to affect the economy WHEN (not if) the spring unwinds? Look at the value of the U.S. dollar overseas. No one has faith in our economy anymore.
Naturally, the final impact will occur in about two years--sufficient time for a new president to be elected and take the fall.
Also, You note that the Bush Administration has added 6.3 million jobs since 2002--but you don't say since taking office. The reason: because jobs have been lost. The increase jobs are in the government/defense arena, or sectors that support those areas.
You don't discuss the imploding real estate market.
By the way, I am a Conservative Republican--one that doesn't wear blinders.
2007-10-20 00:30:23 · answer #6 · answered by James S 4 · 4⤊ 6⤋
The state of the economy varies dependent on who you ask. Ask someone that lives in Appalachia and has had most of the jobs go to other countries about how well he thinks the economy is going. Ask the realtors that have too many houses to sell because the foreclosure rate is out the ceiling. You are delusional and very naive if you cannot look at this country and see the damage your Bush administration has done to it. I have to agree with the posting that says it is incomprehensible how any American can support this tyrant in anything. I would love to know where you get the statistics that you have quoted. You go ahead and keep your rosy glasses on so you can see the world as lollipop land. I don't believe it for a moment. Also nobody needs to tell me the truth about Republicans......I have observed their behaviors now for several years. I will never vote Republican again.
2007-10-20 00:22:47 · answer #7 · answered by kolacat17 5 · 6⤊ 7⤋
The only people losing their homes are the ones who borrowed money that they could not afford to pay back! There is a reason they are call SUB-prime borrowers!
Yes the media is Liberal and the kool-aid drinkers who believe that everything should be paid for by the government should move to another country.
If we don't have a strong military, we can count on the next fight being right here on US soil! That means, vote for the Republican ticket in 2008!
2007-10-20 01:06:42 · answer #8 · answered by Anonymous · 5⤊ 5⤋
maybe he should get blown in the white house and then lie about it. Or maybe he needs to stain a blue dress. In my opinion Clinton was a lier and a cheat
2007-10-20 04:44:55 · answer #9 · answered by arwilcox187 2 · 1⤊ 2⤋
My response is what Nelson from the Simpson's says
"HA,HA"
This is almost as humorous as Quayle when he said he was going to run for president.
2007-10-20 01:56:49 · answer #10 · answered by Michael M 6 · 3⤊ 1⤋
Its funny how the liberals here think that the deficit is the same as the national economy which is doing quite well! Thank you George W. Bush!
2007-10-20 00:56:00 · answer #11 · answered by Anonymous · 6⤊ 4⤋