Why do the libs insist the economy is so bad?...is it blind hatred for anything associated with George Bush?

Question

or bad math skills?

If things are so bad, why are they so good?
With all the gloom coming out of Wall Street, the Democrats on the campaign trail and the mainstream media, a remarkable thing just happened: Real gross domestic product, the best summary report of the American economy, came in at a breathtaking 3.9 percent annual rate for the third quarter. In fact, following the 3.8 percent growth rate for the second quarter, the U.S. economy has posted its strongest quarterly growth in four years. The economy actually appears to be speeding up, following the relatively sluggish performance of the prior 18 months.
On top of this, the inflation rate is actually slowing down. The consumer spending deflator is reading 2.1 percent for the past year, compared to over 3 percent six quarters ago. The core inflation rate is down to 1.9 percent, below the Fed's 2 percent target.
http://www.townhall.com/columnists/LawrenceKudlow/2007/11/01/despite_the_gloom,_more_bush_boom

ck4829..I was thinking of doing just that...after all...I am the great right wing conspiritor......

Answer 1

I currently own 2 homes and I'm living very comfortably. Things look good and should
continue to be as long as we vote Republican
in 08!

Answer 2

Your stats are way off. Also you are using the pick and choose option by any politician in power. You forget many stats that for tell of bad economy. How come the dollar is at the all time low against many foreign money? Why is the trade deficit at a all time low? Why is the middle class shrinking and the poor class growing? Why are Americans at the lowest point every at saving for the future. What about the record high amounts of credit to the average American? I can go on longer but you get the point. A real conservative would know that you are not telling the true stats of the economy.

Answer 3

The article you're referring to says the budget defecit is $160 billion. In reality it's over half a trillion dollars. That's how much we've actually borrowed in the last year. If you don't believe me, look at the US National Debt Clock at: http://www.brillig.com/debt_clock/

The reason the economy has been so strong is that taxes have been so low. But they're artificially low. We've been borrowing an average of $1.39 billion a day since September 29, 2006. The budget defecit does not reflect how much money we actually have to borrow annually. All the emergency spending is not reflected in the budget defecit.

Answer 4

Well to be fair, it's not just liberals. An appreciable part of the American public in general believes the economy is bad.

Gas prices are a bellwether for many Americans. Paying an extra $50-100 a month just on gas alone takes a sizeable bite out of peoples' wallets. And that doesn't even take into account the increase in prices for other products that rising gas prices cause.

Joe Lunchbucket doesn't really care about 3.8 % growth rate, because his wallet isn't growing 3.8%.

Answer 5

I believe that people interpret the economy as being bad because their wages and salaries are stagnant or losing ground compared to common things that they purchase every day like gas, milk, dinner in a restaurant, movie tickets, etc. I am sure that the GDP is going up, but I don't think that my personal finances are really affected if it goes up or down. Corporations and large companies profits are better reflected by the up or down of the GDP.

GDP can be contrasted with GNP or gross national product, which the United States used in its national accounts until 1992. The two terms GDP and GNP are almost identical - and yet entirely different; GDP (or GDI - Gross Domestic Income) being concerned with the region in which income is generated. That is, what is the market value of all the output produced in a nation, the United States, for example, in one year. GDP concerns itself with where the output is produced and not who produced it. Meanwhile, GNP (or GNI - Gross National Income) is a measure of the accrual of income or the value of the output, produced by the "nationals" of a region. GNP concerns itself with who "owns" the production. If we take the USA as an example again, GNP measures the value of output produced by American firms, regardless of where the firms are located. This compares to GDP which is concerned with where the production takes place and not if the company is an American firm or not. Supposing that a firm can be defined as American in an economic world where most large firms are actually global groups.

From my point of view, it seems like the corporations are doing fine because they have shipped most of the manufacturing jobs to countries with low labor costs. Call Center in India, toys manufactured in China, etc. And the companies that have to manufacture here like home condtruction and service oriented jobs, drive the salaries of their employees down by hiring low skilled or undocumented workers. Drive by a home construction site and see for yourself.

Statistics are statistics, but why myself and other people feel the economy is bad is because the financial rewards are not being equally shared and I find myself going more and more in debt from common, everyday living expenses.

Answer 6

The gaping chasm between the fewer and fewer who won more and more, and the rest of us, who have less and less every year has widened faster under Bush than anyone.

The most recent statistics show that for half of the population, earnings are down.Thus, even with low inflation, people can buy less and less -- yet they're putting in more hours than ever (those who have jobs -- I notice you don't mention unemployment).

You may think that a society in which .1% own 99.9% of everything, and the rest are their serfs is a good thing.

Why do cons insist the economy is so great? Is it blind hatred for everyone, including their own children and grandchildren, or are they completely brain-dead?

Answer 7

None of this 'stuff' has anything to do with Geo. W. Bush.

Now, if you 'dissect' your Q, you will see that you have created a 'play on words'.

"...is it blind hatred for anything associated with George Bush ?"


You HAVE actually said, in effect, that "....the economy is so bad" DUE to George Bush !! LOL !!

All the other 'detractors' of Dubya on your list of answerers are right. The 'UPPER CLASS', so to speak, are reaping these windfalls. The average person is suffering greatly, especially with the purchasing power of their limited dollars.

You DO have to know that our(my) Canadian dollar, worth only 61 cents American in early 2002, is now worth $1.05+ American. This is NOT due to any 'forces' in Canada, it's due to the wretched performance by Dubya et al, including his "war" and continuing lies. He has also created huge windfalls for the well-off, which are NOT 'trickling down' to the average worker.

Typical neo-con Republican greed !!

'Nuff said.

OOps !!

NOW, 'David W', is blaming the ''Enron' thing on Bill Clinton !!

'Tis to weep for these poor, lame-brained, neo-cons who just don't get it !!

What in gawd's name could Bill Clinton have done while this 'neo-con' thinking company's big-wigs were 'cooking up' this 'nightmare' !!

Had anyone in ANY place with ANY conscience known ANYTHING about 'Enron', they should have spoken up !!

Clinton had obviously no clue as to what was going on.

Geez, what losers, these whining Repubnuts are, especially now that it's obvious that another Clinton will be running the show !! LOL - and she's gonna make W. pay, believe me !! Dubya will be the 'pariah' that he really is, forever, and he darned well deserves to be totally vilified when he leaves office, if not eventually put in jail along with the REAL president, Cheney !!

Answer 8

With one of the higher deficits and warning that if congress doesn't get spending under control, we will head in the direction of a depression. We are upset because it isn't sustainable. Once those troops come back there will be need for several hundred thousand more jobs in the US. Reason, for every troop in the field there are a handful of civilian workers handling the day to day things that we won't need if we aren't in a war.

Answer 9

Because they know people will get voted back in if the economy is good. Im convinced thats the only reason Clinton made it back in. Sadly, what people people in this country tend to care most about is money.

But the economy right now is good and that makes liberals look bad so they might not be elected. They have been trying to get the message out that the economy is bad to hurt perception to backup the claim that a "change is needed."

Answer 10

Oh yes incredibly legitmate source linked here.

Why not source "The Us Dept of Labor"?

Housing has slumped harder in the last two months than in the previous TWENTY EIGHT YEARS. Foreclosures have doubled and are continuing to rise, due to a lack of government regulation and oversight into "sub-prime" and "zero-interest" mortgages, Americans are further in debt now than they have ever been and our Vice President told the US Treasury Dept "Deficits Don't Matter". The Fed just had to drop prime interest rates again to stave off an incipient recession. The stock market is up 200 points one day and down 800 the next. Oil is selling for record money and big Business is making BILLIONS on maintaining an artificial worldwide shortage. There are over 28 million unemployed people in this country (just because their unemployment benefits ran out, doesn't mena they got jobs, but they are no longer counted as unemployed after benefits run out), businesses are closing factories and subverting US labor unions, "outsourcing" and "offshoring" hundreds of millions of jobs, replacing US workers with child slave labor in India and other foreign countries, receiving hundreds of millions in taxpayer funded subsidies all while earning RECORD profits, (for which they pay virtually no tax), and awarding themselves multi-million dollar bonuses they neither earned nor deserve, all while forcing the few US workers they HAVE to keep hired for public Relations work overtime off the books so they don't have to adhere to US Labor laws.

Answer 11

Maybe due to the escalating gas prices, heating prices, loss of manufacturing jobs, rising food costs, rising health care costs, lousy housing market, and a record debt by our commander in thief.
But what do I know, I am just an employed father of 3 paying my mortgage, feeding my family and buying insurance.

Not blind hatred of Bush but hatred of what Bush has done to our great nation and how cons seem to defend the corrupt lying whore, and YEAH that includes you pal.