wshy do libs still say the economy is not booming?

Answer 1

The housing market is collapsing
The dollar isat record lows
Unemployment is edgig upward
wages are not keeping up with inflation
high energy costs are killing consumer spending
inflation is creeping up

Of course, I suppose if you are a neocon whoo is making piles of money off of the slave labor if Chinese children while poisoning America's kids at teh same time, everything's jsut hunky-dory.

Answer 2

The economy is only booming for the upper 5% of the country. For everyone else, real wages are down, job security is non-existant and expenses are up. The cost to by a home has doubled and a four year degree at a public school has tripled in the last 20-30 years (both adjusted for inflation).

Answer 3

Where do you get the idea that the Democrats are saying that the economy is booming? Come back & cite a source for this junk you are posting! Without a source for this bunk, your intention must be just to bait people. I do believe that this is against the rules of Y/Q & A. You are to post an honest question that you want to really know how the rest of the people on here will answer, to perhaps learn something. This is not that type of question.

Answer 4

Because it doesn't fit their preconceived notions that it's impossible for the nation to prosper under a Republican president.

Trust me, I've argued the case, citing various official gov't sources and studies, and they always come up with some ridiculous reason to discount them.

Usually it's because they blame it on inflation, even though all the info I've presented already factored inflation.

It's like arguing with a brick wall. Just accept that they are incapable of believing any fact that doesn't fit their current world view.

Travolta - let us not forget that the dot.com bubble was already bursting as Bush came into office. Look at January 2001 unemployment figures. It ticked up .3% that month, even though Bush only took office on Jan 20th. Also the market was tanking since March 2000, and GDP was declining from 3rd quarter 2000. Of course 9/11 didn't help either.

Answer 5

You mean that with the dollar at an all time low there is evidence that the economy IS booming?

I really hope after reading some of the answers that some of you are just children and can't actually vote.

Answer 6

Because it's not! Watch the news! The stock market has sustained 3 huge losses in the last week. People are losing their homes, oil is near $100 a barrel, and food and milk are going up every day, income levels are stagnant. Pull your head out of the sand and Pay Attention!!

Answer 7

If it were booming, would they have raise the debt ceiling for the fifth time since bush became president?

WASHINGTON, Sept 27 (Reuters) - With the U.S. government fast approaching its current $8.965 trillion credit limit, the Senate on Thursday gave final congressional approval of an $850 billion increase in U.S. borrowing authority.

The Senate voted 53-42 to raise the debt ceiling to $9.815 trillion, the fifth increase in the U.S. credit limit since President George W. Bush took office in January 2001. The U.S. House of Representatives approved the higher debt limit earlier this year as part of the overall budget resolution and the legislation now goes to Bush for his signature.

"We have no choice but to approve it. If we fail to raise the debt ceiling soon, the U.S. Treasury will default for the first time in its history," said Senate Finance Committee Chairman Max Baucus.

U.S. debt stood at about $5.6 trillion at the start of Bush's presidency.

Answer 8

Because compared to historical standards, it is not.

HERE'S WHAT I DID:
I got the real GDP stats from the Bureau of Economic Analyses. I took the percent increase over 4 year intervals. I then ranked them from best to worst. Out of (((18))) 4 year intervals, the supply siders Reagan and Bush Jr ranked 8th, 12th, and 16th.

1 FDR (44') 74.69%
2 FDR (36') 34.62%
3 LBJ (68') 21.81%
4 TRUMAN (52') 21.00%
5 JFK (64') 19.86%
6 FDR (40') 19.32%
7 CLINTON (00') 17.87%
8 REAGAN (88') 15.98%
9 CARTER (80') 13.67%
10 CLINTON (96')13.53%
11 IKE(56') 13.45%
12 REAGAN (84') 12.63%
13 NIXON (72') 12.38%
14 IKE (60') 10.91%
15 FORD (76') 10.62%
16 BUSH JR (04')9.03%
17 BUSH SR (92')8.81%
18 TRUMAN (48') -9.04%

http://www.bea.gov/national/xls/gdplev.xls

EXAMPLE CALCULATION

1996, 8,328.90 inflation adjusted billions of dollars
2000, 9,817.00 inflation adjusted billions of dollars

PERCENT CHANGE = (9817.0/8328.9 - 1.0)*100.0 = 17.87

Answer 9

You might want to ask yourself why the Fed has had to inject billions of dollars to keep the dollar from crashing.

Answer 10

Maybe because two per cent own most American wealth? And their share is increasing. http://faireconomy.org/research/wealth_charts.html