|
|
|
|
|
| If George W bush is doing so bad why is the economy doing so good?
Posted: 4/28/2007 1:28:06 AM |
GM, FOrd, major job loses, should of seen this one coming due to technology, automation, competitive foriegn cars. Lay offs had nothing to do with politics, hell we don't need 80,000 workers to put together 1,000 cars a day the damn industries are losing their asses now days. Higher cost to run the plant, soring medical cost, hell now you got robots to do the job for free. It's just the way things are now day, you lose your job go getcha another one there's plenty out there.
This might make a little sense if Ford and GM weren't doing so poorly.
and their are not plenty of jobs that pay skilled manifacturer level wages. You try and get a decent job in Flint and see if you can. | |
|
Thales
|
Joined: 4/21/2007
Msg: 77 | |
| |
| If George W bush is doing so bad why is the economy doing so good?
Posted: 4/30/2007 10:31:19 AM | GM, FOrd, major job loses, should of seen this one coming due to technology, automation, competitive foriegn cars. Lay offs had nothing to do with politics, hell we don't need 80,000 workers to put together 1,000 cars a day the damn industries are losing their asses now days. Higher cost to run the plant, soring medical cost, hell now you got robots to do the job for free. It's just the way things are now day, you lose your job go getcha another one there's plenty out there.
__________________________________
Taco Bell is always hiring until they have robots that work for free.........jajaja.
We dont need anyone buildig cars here. We dont build anything , anymore.
Even Industy not losing its A$$ are moving to China."Just the way it works."
China a great example of unregulated Capitalisum.
GM is building its newest plant there. We wont need any US workers. | |
|
| |
| |
| If George W bush is doing so bad why is the economy doing so good?
Posted: 5/2/2007 12:06:10 PM | | I'm an actual economist and yes the US economy is on shaky grounds for the past5-6 years. There is almost too many areas of weaknesses in the ol' US economy that has us North of the boarder concerned since our economies are intertwined. Hell, one could do a PHd thesis on this topic since it is so vast right now. | |
|
| |
| If George W bush is doing so bad why is the economy doing so good?
Posted: 5/4/2007 5:04:10 PM | | I read articles where dumb a s s e s like this think Bush is a good thing for this country and it makes my want to choke the living S H I T out of them... There's now over 3000, families whos' lives have been totally devastated because they lost a loved one in Iraq.... Ask them if Bush is doing OK..... He lies and has lied about everything you can think of...from his military service record, reasons for the war in Iraq to not having any control over the gas prices. Do you think all of his butt buddies that are raking in millions of dollars a year, care if they have to pay $5.00 a gallon for gas. Bush and his oil buddies are screwing the average hard working american. As for the Iraq war, it was total Bush S H I T... bring our troops home, then carpet bomb the damn place.... I have two sons in the military and if they were fighting for this country, that would be one thing... I'd be fighting also... But to have them risking their lives for the lying, money stealing **stards in washington...just isn't right...... Fortunately, we only have 2 more years of Bush and hopefully, we'll still have a country, worth having...... He'll go down as the worst president in american history.... He was nothing but a silver spoon baby. Now, his nothing but a GOLD spoon **stard, unfortunately it's with the american peoples GOLD...... I've lived long enough to see ten presidents plus know the history of the rest and this man....is the very worst this country has ever seen..... Now, would you like me to tell ya how I really feel.... | |
|
| If George W bush is doing so bad why is the economy doing so good?
Posted: 5/5/2007 9:25:24 AM |
Tax cuts for the wealthy and multinational companies have broken the backs of many of the social programs designed to help the working poor.
Contrary to your belief, government and social programs don't creat jobs for the working poor. The working poor benefit when government gets out of the way of those doing the actual hiring and paying of salaries>>>Business owners... so they can expand and hire more people. Getting out of the way can mean a lot of things such as less constraints, rules and regulations...and yes, lower taxes.
Outsourcing is costing us jobs and companies can no longer compete against cheap overseas labor.
You're absolutely right!!! And I wish like heck we could get those jobs back here. The reason that companies in the US can't compete with overseas labor is labor unions in the US. And who are the biggest supporters of labor unions? The democrats. Even Theresa Heinz Kerry's company uses overseas labor.
more children live in poverty
First, what is the poverty level? Second, what is your source on this?
________________________________________________
The economy is not suffering as badly as most of you want so desperately to believe. What I see in reading this thread is a hatred for Bush rooted so deeply that some of you just want the economy and the country to suffer.
Not one person had a rebuttle for my first post in this thread. | |
|
| If George W bush is doing so bad why is the economy doing so good?
Posted: 5/6/2007 11:30:12 AM | Charles, you missed the point. Businesses go overseas to save money - usually on taxes and labor. More of them would stay here if it were more economical. They need more 'incentive' to produce work here and keep more money here in our own economy. That's my point.
Now I'm not suggesting that we get rid of labor unions but the fact is that union labor generally costs more than non union labor. In the 20s and 30s when workers had very few rights the unions were a great thing. Today there are union workers in construction, assembly lines etc earning $20 to $30/hour or more. If a company can pay someone half that or less in a country where taxes and the cost of living is much lower they'll do it. I have a friend who works for a well known lawn mower company in the US. He said they send all of their engine parts to Mexico, have them assembled there, then returned. It saves them a whopping $10 a lawn mower!! Now that isn't much and I...... and I'm sure you too would be willing to pay that extra $10 for a new mower if it meant keeping the work here. But when they make thousands of lawn mowers it's a big savings for them.
Regarding your comment on ridding of the unions and going back to working for a dollar a day. Charles, Charles.....we both know that no one is going to work for that kind of pay here...union or not. | |
|
| If George W bush is doing so bad why is the economy doing so good?
Posted: 5/6/2007 12:10:40 PM |
Charles, you missed the point. Businesses go overseas to save money - usually on taxes and labor. More of them would stay here if it were more economical. They need more 'incentive' to produce work here and keep more money here in our own economy. That's my point.
Any serious study on corporate welfare has found it to be a miserable failure. The companies that move in to take advantage of it in the end employee to few people to pay for their "welfare" with the increase in personal income tax. So it ends up being a subsidy that costs more to supply than will ever be gainned from it.
The $10 a mow doesn't sound like much and I doubt many would mind paying that extra to keep jobs in their own country, but the reality is that alot of retail mark-up is to the tune of 400% so that extra $10 on the manufacturing side translates into atleast an extra $40........ Two near identical mowers side by side one $40 more but assembled in your own backyard and guess which one will still out sell the other.
Any company will pay as little as it can get away with to its employees. Canada has a decent example of this. Alberta is again in a boom cycle, so jobs are plentiful and employees worth keeping are enticed with higher wages and better benefits. I've heard that Timmies pays over $15/hr(and they are still profitable and charge the same prices for products), now here because they can fill those same jobs at minimum wage they do ...... this is extra profit for the franchisee. WalMart even made the news having to fly in Mexicans to work at their stores in Alberta because no one there would take those jobs for what they offer. So cut the taxes for business and watch your own income tax go up, while big business flies in Mexicans and Jamaicans to work for them on US soil because the employers still won't be willing to pay a decent living wage unless they have no other choice. | |
|
| If George W bush is doing so bad why is the economy doing so good?
Posted: 5/7/2007 11:38:15 AM |
You're absolutely right!!! And I wish like heck we could get those jobs back here. The reason that companies in the US can't compete with overseas labor is labor unions in the US. And who are the biggest supporters of labor unions? The democrats. Even Theresa Heinz Kerry's company uses overseas labor.
what about jobs that dont have labor unions? typical solution for a complex problem. I was in the IT industry for 6 years. I was making $50 k before my job got sent to india. A friend of mine was making $90k, when he got canned. We didnt belong to a labor union. so crap about labor unions cause ALL the problems is crap. that line may work in other states, but not in a state where its a right to work state
seriously its easier to hire people who barely speak english but have a higher level of education, for less money, then keep your American staff on. the problem is money...
shrub is a loser, they dressed him up in a suit and made him look pretty. the economy bytes. i did better under clinton then under shrub. | |
|
| If George W bush is doing so bad why is the economy doing so good?
Posted: 5/7/2007 5:00:00 PM | MrBad, I was referring to skilled labor and not the IT industry. Unfortunately it's a fact that production costs less overseas due to labor and taxes. And union work is usually skilled labor such as construction, truck driving, maintenance, assembly etc
You may well have done better when Clinton was in. I was doing well when Clinton was in and I've done well since Bush has been in. But my success is not determined by who's in the white house. It has nothing to do with either of them. My success is dertermined by me. By what you wrote I'm betting you've got a good education behind you...not to mention several years of experience....both of which look good on your resume. I can understand your frustrations over losing your job to someone overseas. But is Clinton to blame for the jobs that got sent overseas during his administration?
The economy is not bad as many of you want to believe. | |
|
| |
| |
| If George W bush is doing so bad why is the economy doing so good?
Posted: 5/8/2007 3:49:32 AM | (To Hell with 1984. Think Animal Farm. We win !)
(I've heard it all before. )
I understand the basics.
Loud and clear.
And here's what I see.
I'm stuck on this truly beautiful planet with a bunch of great human beings,
- and a bunch of turds.
(Everything else is your problem.)
I see Bush's 'Owners' letting this dimwit bully (p)Resident illegally run our country
into the ground. A petulant 3rd grader in his sixties wrecking & killing things for fun.
That's part of the plan ya' know.
Wreck everything so the 'Owners' can come in later and scoop up the leftovers.
It's like - Sure, go out and play Little Boots, have a good time, we don't care.
Just make sure you say what we tell you to say.
(Remember the pretzel beating ?)
So, with all the power in the World - the insane monkey puppet king goes on a rampage.
Lookee what I decidered !
"I think the Iraqi people owe the American people a huge debt of gratitude."
~ G.W. Bush, 60 Minutes - 1.12.07
Girl being lifted by grandfather from a pile of bodies after a U.S. bomb
(What the Hell is noble about this ?)
Our troops are idling in the kill zone in the middle of a civil war.
And 20,500 more family members are going into this meat grinder.
Not counting the extra 20,000+ support troops.
Or the 40,000 Blackwater and other contract mercenaries.
This is NOT a surge.
It just brings the troop levels back up.
(Because the rest are all dead and maimed, remember ?)
The "Surge" is going to spread out over time because we only have 9,000 troops to send.
As usual for the Bush administration, it's all bulls**t.
So where are these extra "Surge" troops coming from ?
They're scrambling.
Because we ARE stretched so thin.
8,500 soldiers from 43 units in Germany and Italy have received official word that they will
be deploying to either Iraq or Afghanistan later this year.
Thousands more may be involuntarily called for tours
The Marine Corps will ask thousands that have been released from duty to come back.
On 1.11.07, General Pace announced that the Pentagon has abandoned its limit on the time
a Citizen-soldier can be required to serve on active duty. (Read - Forever.)
Meanwhile, the troops that are there are without guns, supplies, or armor.
The Coalition Of The Leaving Dept.
The Italians have left, and the Slovaks are about to. Britons want to start getting out,
and so do Danes and South Koreans. Washington's top war partners, London and Seoul,
are looking to draw down their forces, and they are not alone. Italy, once the third-largest partner
with 3,000 troops in Southern Iraq, brought the last of its soldiers home last month.
Britain, America's chief ally, hopes to cut its 7,000-member force in the southern city of Basra
by several thousand in the first half of the year. Prime Minister Tony Blair is preparing to
announce a withdrawal of about 2,600 soldiers. Slovakia is bringing home its 103 soldiers
early next month.
"It's an American war, and we have nothing to do with it", said Mikulas Krkolak,
a bartender in Bratislava, summing up the souring mood in many coalition countries.
Bush Insanity Dept.
Recently, Bush's 'Owners' pumped him full of drugs and hid him away from the press in the
basement library, put a camera on him and made him read a teleprompter.
He said -
Troops will now go door to door making friends !
Embedded with and under the command of Iraqis !!
And... They'll be based in the police stations that are Favorite targets !!!
And... Because there aren't enough police stations,
our troops will be stationed in Iraqi's homes surrounded by drop in place concrete walls !!!!!
What TheHell!!!
That's insane !!!
Freeze ! You will be my friend ! Is that understood you maggot !
Our Great Military, instead of protecting us, is being wasted, on oil business deals.
A $350 Billion Dollar Lynching.
I'm disgusted by the brutal lynching of Saddams double.
(Saddam had perfect teeth. His wife and mistress said that it's not him)
It was like watching a bunch of hooligans hang a cat.
The only thing missing was the firecracker up his butt.
And to add insult to injury.
When they hung Saddam's half brother, they made his head pop off.
I think what really pisses me off about this piece of human garbage more than my anger
against his 'Owners', is that he gets enjoyment from the misery and death of others.
To the 'Owners', it's just business.
And what does this little f**kwad think of all this ?
To him, it's ****in' hilarious.
"...I have found this to be an exhilarating, joyous experience." ~G.W. Bush, 1.31.07
Wheeeeeeee !!!!
'Scuse me...
...
...I think I'm gonna be sick...
...
Sorry 'bout that.
It's disturbing to even look at him.
It's like looking at something grossly obscene and evil.
He makes my skin crawl.
He's a bad liar.
He knows he's lying.
And he knows you know he's lying.
And it makes him smirk.
- It's like being hit in the face with a dirty wet mop. Over, and Over, and Over again.
I see Citizens across the globe scared sh**tless about what's coming down the pipe.
(Are you taking advantage of your second amendment rights yet ?)
I see 'We The People' trying to throw a monkey wrench into the works.
We voted in overwhelming numbers to defeat the electronic vote stealing machines.
- And it's not because we particularly like the Dems.
What must it be like to be the most hated man on the planet in history, and just not care ?
Bush is a traitorous-murdering-bank-robbing-cowardly-piece-of-loser-chicken-s**t.
Here's your legacy Mr. Bush -
Victory at last ! You beat Satan !
(For the first time in your life, you're finally successful at something.)
George Bush will go down the annals of history as a monster.
I'm not even going to bother with the SOTU.
It was a joke.
(McCain slept through it.)
No mention of Afghanistan - the other war we're losing.
No mention of New Orleans -
"The work that has begun in the Gulf Coast region will be
one of the largest reconstruction efforts the world has ever seen."
~ G.W. Bush, 9.15.05
(He's a lying sack of s**t!)
Time Is Short.
And I'm not just talkin' about the Mayan calendar's odometer rolling over in 2012.
The rapture ?
Kiss my ass !
(Suddenly I get any Lamborghini Murcielago LP640 I want, right ?)
: )
This administration really is just a bunch of a***oles.
F**k this administration.
F**k all the anti-Americans that support this insane bullshit.
There's a collective madness about them.
They stick together like insect colonies.
And, no thanks to them, there's another shit storm coming.
(Hang on everybody.)
A fifth group of U.S. ships should be sitting in the Persian Gulf about now.
America's tail is twisting in the wind.
The 110th Congress is acting like a battered wife of 12 years.
They've been forbidden from holding hearings previously.
So - they can't just jump in with impeachment right away.
That strategy will fail.
They NEED to have evidentiary hearings.
They NEED to get these evil **stards on record.
UNDER OATH !
They need to hold investigations.
Then, the TRUTH will guide the necessary actions.
They need our support.
And guidance.
Keep contacting them and let them know, "You want them to uphold The Constitution !"
They have a lot of catching up to do.
(Unless they're complicit, well, you know your constitutional duty.)
It took 6 years to get to this point.
It may take 6 years to clean it up.
It hasn't been 6 weeks.
We're all chomping at the bit.
I see the elite and peasant alike being 'punked'.
I see a bunch of criminals who've cased the joint,
robbed the place, killed the shopkeepers and customers, and left us vulnerable.
Tell me again why our troops are there ?
Because 9/11 was an inside job.
(And You Know It.)
"Undertaking this 9/11 thing," she said, "is like throwing yourself on a grenade,
but it makes everything so clear."
WTC 7 - Why would a building be conveniently wired for demolition so that in the event some
other buildings suddenly fell down, you could 'pull it' and maybe no one would notice.
Iraq is going according to plan.
Their Plan.
o Let them kill each other off.
o No child shall live.
o While 'They' dig in.
o Split the spoils.
o And sell it off.
(Are you in ?)
I guess it's the enormity of the heist that truly stuns me.
And make no mistake, it is a heist.
The 'Owners' wanted it.
The corporations wanted it.
The Saudi's wanted it.
The Israeli's wanted it.
A joint news conference between Rice and Saudi Arabia's Foreign Minister Saud al-Faisal.
Riyadh, Saudi Arabia - January 16th 2007 - Rice warns firms that Iran may face further sanctions.
Aside from the fact she doesn't look happy to be in front of her boss's, boss's, boss,
look to the left and see the gold fringe on the flag.
That's the flag of the U.S. Coup.
The flag with the gold or yellow fringe has no constitution, no laws, and no rules of court,
and is not recognized by any nation on the earth (until now), and is foreign to you and the United States of America.
But then, historically I'm not surprised.
Just like the Europeans and the Native Americans.
Just like the Templars in the South of France.
Just like Spain and the Aztecs.
Just like Kosovo.
Just like Darfur.
You name it.
There are lots of 'em.
All the time.
As we speak.
Your taxes help pay for 'em.
Your contributory consumerism helps fuel the corporation.
Back to the point -
Ideologically, Mesopotamia can never be conquered.
War has been an historical constant.
The first recorded war was around 3200 BC.
They started to become common around 2500 BC.
Our Little Boots might as well try to force Democracy on Martians.
What's needed is diplomacy.
By adults.
But there is no diplomacy because these bullies are not diplomatic.
Or adult.
These bullies turn people into red mist and go on vacations, or go shopping.
Condi Rice is useless.
Blah, Blah, Blah.
Other nations laugh and wince when our people show up.
"Death Squad" Negroponte is now the "Real" Secretary of State.
Dick Cheney is just Saudi Arabia's ****.
...Luke...I Am Your Father...
During a press conference, I watched Gates hands shake defending this lie.
(He's not stupid. He's seen how they chew people up and spit them out.)
F**k these maniacs.
F**k this infestation of America.
F**k these rabid bugs.
Impeachment ?
Try Prison !
They can Byte Me !
I love America.
I'm proud of my country.
And I'm prouder'n shit of our troops.
The most Valiant and Noble badasses ever.
They need to be taken away from Bush and Cheney.
They can't have them anymore.
We can't let them send them to Iran.
Or Syria.
Or Lebanon.
Or Somalia.
Or Nigeria.
Or anywhere else.
They need to leave.
Either by resignation, or by constitutional means.
The Iraq surge is a trip-wire ploy -
Send a small enough surge to ensure mass casualties daily
to garner a revenge movement in the U.S. so they can escalate the war(s).
(We've still got troops in a losing war in Afghanistan !)
3 tours of duty in Iraq.
4 tours of duty in Iraq.
By our Armed Services and National Guard.
The National Guard is supposed to be for here at home !
Not these foreign theaters of war !
While Bush is gleefully trying to run over reporters with a tractor,
our troops are going crazy.
Some are killing themselves.
"There are more people waiting for me to pull this trigger than there are waiting on
my return to the states. I'm done hurting. All my life I've been hurting...end this pain."
~ Michael Crutchfield, in his 2-page suicide note, found dead north of Baghdad.
The Iran Suicide / Death March Dept.
So what's sitting in the Persian Gulf off Iran ?
The USS Eisenhower, The Carrier USS Enterprise, The Carrier USS Boxer,
The Carrier USS Iwo Jima, The Carrier John C Stennis, and the US Navy strike group
led by the assault ship USS Bataan.
The Carrier USS Ronald Reagan is on its way now too.
These ships don't travel alone.
They come with a contingent of defensive attack ships.
Figure a minimum of about 50 ships about now.
Why ?
Why indeed.
Look for another Gulf of Tonkin event to justify the "nukular" attack on Iran.
This is insanity. To the Nth degree.
$10.00 a gallon gas.
A depression the likes of which we've never seen.
A global economic collapse of the dollar.
But in the "owners" minds, it won't matter.
They will control the oil, hence the fuel, hence the food.
You and your family are just bumps in the road.
I don't know about you, but I've had more than enough.
To hell with these NeoNazi mo fo's.
They may not care, but I sure as hell do !
RESCUE OUR TROOPS
AnySoldier.com provides soldier contacts, and you read through the names and select the
ones you wish to support based on their lists of what they need and want. AnySoldier even
has a search capability so you can easily identify specific needs and requests.
The soldiers are volunteers for this effort, they see the "ATTN: Any Soldier" line and put your
letters and packages into the hands of soldiers who don't get much or any mail.
Iraq Veterans Against the War (IVAW) is a group of veterans from Operation Enduring
Freedom and Operation Iraqi Freedom. We are all committed to saving lives and ending the
violence in Iraq by an immediate withdrawal of all occupying forces. We also believe that the
governments that sponsored these wars are indebted to the men and women that were
forced to fight them and must give their Soldiers, Marines, Sailors, and Airmen the benefits
that are owed to them upon their return home.
Veterans Against the Iraq War "Veterans against Iraq War is a coalition of American
veterans who support our troops but oppose war with Iraq or any other nation that does
not pose a clear and present danger to our people and nation."
Military Families Speak Out "Military Families Speak Out is an organization of people who
are opposed to war in Iraq and who have relatives or loved ones in the military. We were
formed in November of 2002 and have contacts with military families throughout the
United States, and in other countries around the world.
The Fisher House program is a unique private-public partnership that supports America's
military in their time of need. The program recognizes the special sacrifices of our men and
women in uniform and the hardships of military service by meeting a humanitarian need
beyond that normally provided by the Department of Defense. These homes enable
family members to be close to a loved one at the most stressful time -- during the
hospitalization for an unexpected illness, disease, or injury.
Operation Uplink You can donate calling cards so military families can stay in touch
during their extended separations.
United Services Organization: Care Packages you can donate money to the USO to help
sponsor care packages sent to the troops through this site.
American Gold Star Mothers an organization of mothers who have lost a son or daughter
in the service of our country.
Gold Star Families for Peace families of soldiers who have died as a result of war are
organizing to be a positive force in our world to bring our country's sons and daughters
home from Iraq, to minimize the human cost of this war, and to prevent other families from
the pain we are feeling as the result of our losses.
Blue Star Mothers are moms who now have, or have had, children serving in the military.
They assemble and ship Care Packages to the soldiers.
Bring Their Buddies Home organizing Bring Their Buddies Home Acts of Art around
the country. Imagine hundreds of vigils, with thousands of people, all at the same time,
standing in silence, envisioning our troops coming home.
soldiersvoices.net provides an up to the minute forum from the soldiers about and in Iraq.
Alive in Baghdad lets you know what it's like there.
Support for U.S. Army 1st Lieutenant Ehren K. Watada facing Court Martial Feb. 5, 2007.
On June 22, 2006, Lt. Watada stepped forward as the first commissioned officer to publicly
refuse deployment to the Iraq War and occupation. he faces court martial and up to 4 years
imprisonment (reduced from an original 6 years maximum) for refusing to deploy and for
speaking out against a war that he believes is illegal.
Or you can simply Impeach the **stards yourself.
And Finally For This Issue -
What's It Gonna Be America ?
If, as Bush said, "when the final history is written on Iraq, it will look like just a comma",
- I'm gravely concerned of what the rest of the story might be.
Everyone needs to be an activist.
Anyway you can.
Before it's too late.
Keep your powder dry. | |
|
| If George W bush is doing so bad why is the economy doing so good?
Posted: 5/8/2007 10:34:06 AM | | I still think the economy's doing great despite all we've been through thanks in large part to his tax cuts. Even more cuts would continue to stimulate the slowing economy. Market looks pretty good to me as well. Let's remind ourselves: We had the recession which started under Clinton (by the way that economy was driven by the dot.com bubble which produced all sorts of revenue despite his desire to tax - thank God the Repulicans were in control of Congress to keep that in line), 911, war, and high gas prices. Took the market from a low of (what, something like 7,000) to a high of (not yet 14,000). Pretty impressive! | |
|
| |
| If George W bush is doing so bad why is the economy doing so good?
Posted: 5/8/2007 11:57:13 AM | "I still think the economy's doing great despite all we've been through thanks in large part to his tax cuts."
Then you either don't understand how the economy works, you aren't paying attention, or you're another Bush apologist who believes he can do no wrong.
from the Answer desk at MSNBC.com:
"One simple way to figure the budget impact of Bush’s first term is to look at how much new Treasury debt the government has sold to make up for the deficits since he took office. In Jan. 2001, the total Treasury debt held by the public stood at $3.9 trillion. As of Wed. Jan. 19, the figure was $4,423,975,930,565.56 (or $4.4 trillion.) So regardless of whether you attribute this increase to tax cuts or war spending (or both), the U.S. government is $500 billion further in debt after Bush's first term.
As for the second term, the outlook isn’t much better. A lot depends on whether tax cuts scheduled to expire at the end of the decade are made permanent -– and on when U.S. troops finally leave Iraq. Last June, the Congressional Budget Office estimated that the final bill for the war could hit nearly $400 billion. The CBO figures the accumulated federal budget deficits will hit $2.3 trillion by the end of the decade. And the White House’s own estimates for the second term estimates the total Treasury debt held by the public will reach $5.5 trillion by 2008. (See Table 20, bottom of the page.) That would put the accumulated price tag for both terms at around $1.6 trillion, or a little over $200 billion a year.
That's not counting the White House plan to overhaul Social Security. Until the details of the proposal are formally unveiled, it's impossible to say what it will cost. But if some payroll taxes are diverted to individual accounts (the main idea behind the plan), Congress would have to kick in more money to pay for people who are already retired or expect to do so soon. That could easily add another $1 trillion or more to the Bush deficits."
Almost 3 trillion in debt thanks to Bush tax cuts. The cuts did little to improve consumer economics either. Most people paid down debt with the cuts....the only way cuts like that stimulate the econmy is if people spend it consuming goods.
And don't get to enamoured of what the stock market is doing. It was running pretty high before the dot.com bubble you mentioned burst.
According to USA Today from 7/17/03, the recession of 2001 lasted eight months ending in November of 2001...meaning it began under Bush...not Clinton.
from boston.com 4/28/07-
" The US economy grew at a 1.3 percent rate, its worst performance since early 2003, the Commerce Department said'
Straight from the governments own mouth. Believe what you want, Bush is not only killing our troops but he's also killing our economy | |
|
| If George W bush is doing so bad why is the economy doing so good?
Posted: 5/8/2007 3:39:42 PM | A stock market driven by the overseas profits of Corporations, and a devalued dollar really doesnt seem like a solid market, to me.
I wonder how the stockmarket helps Joe and Jill working stiff? Trickle Down?
Foreclosers here just exceded 1988.....Reagan years. I remember how good those were.
My new home lost 1/2 its value.
| |
|
| |
e-wok
|
Joined: 9/25/2006
Msg: 97 | |
| If George W bush is doing so bad why is the economy doing so good?
Posted: 5/8/2007 6:19:42 PM | What happens when the Iraq war is over? The US economy is largely stimulated
by this war and once the war concludes, what stimulant will take it's
place? And when this loss is married to the bleak economic conditions
back home, and that nasty debit, would that mean the US collapses on itself? | |
|
| If George W bush is doing so bad why is the economy doing so good?
Posted: 5/9/2007 12:15:00 AM |
A stock market driven by the overseas profits of Corporations, and a devalued dollar really doesnt seem like a solid market, to me.
I wonder how the stockmarket helps Joe and Jill working stiff? Trickle Down?
Foreclosers here just exceded 1988.....Reagan years. I remember how good those were.
My new home lost 1/2 its value.
This is on point. The fact of the matter is if you only care about the stock market then you will say the economy is doing well. This is hardly a way to gauge whats going on in the average household however. The common working person is doing far worse than they did in years previous. It is more difficult than it has been in some time to find a job that pays well. On top of this add the HUGE numbers of people without insurance and job security has become a myth from those fairy tale books. People changing jobs faster than some people change their socks. Many of the "higher paying" jobs have gone offshore to countries where these mega-corporations can get VERY cheap labor and bypass labor laws and often human rights regulations. Looks like the Capitalists are having a field day at the common mans expense once again.
Trickle down does not exist. It is more likely that the rich will save their money then to take risks with it right now. Even they know if they admit it or not they are acting like things are not so rosy. (they are investing in traditionally secure risk free, investments that people use in bad times and depression/recessions) The uncertainty of oil, the war in Iraq and the fear (even if they are totally based on overblown hype) of terrorism in the future means that it is far more prudent for someone with some wealth to invest it in more secure ways than opening businesses and hiring people to do things.
The housing market is going down rapidly and the common middle class folk only have property as their investment. Sad thing is they are loosing their asses! USA will look like a third world country in the not too distant future I am afraid. There will be a small group of ultra wealthy and the rest will live in squalor at the rate we are going now. No war is going to fix that. (war only really benefits the ultra-wealthy these days because you cant even go work in the "bomb" factories any more to make a living. They send most everything except the highest security stuff over seas.
Bush's tax cut for the rich has not produced much for the lower classes because trickle down economics works as good as a rusty gun with cement stuffed in the barrel. It looks good on paper, it may even trick a few people into thinking its a good idea but, in the end its a crock of shite.
The only way these people are staying in power is because they are playing on peoples fears and racism on the immigration issue. They are attempting to shift the blame from their shoulders to the "Mexicans."(there are many democrats guilty of this too BTW) I am sorry but, the Mexicans did not give the big corporations corporate welfare to move their operations off shore. They generally are doing jobs most Americans don't want to do but, the power of these wedge issues is incredible.
People who have no business voting for scumbags who would take their tax money and give it to a company to take jobs away from them to a place where they can mistreat another group of people and then lie and blame it on a poor immigrant who is trying to make a better life for their family in an honorable way is SICK! Sad thing is people sell themselves and this country down the toilet over stuff like immigration and gay marriage! WAKE UP !
To summarize Bush is one of the worst presidents this country has seen since Grant, Nixon and Reagan. He will be added to the history book as another Lame duck who thinks he laid the golden egg.
| |
|
| If George W bush is doing so bad why is the economy doing so good?
Posted: 5/10/2007 11:03:44 AM | "my new home lost 1/2 its value" ^^^^^^^^
Bob .. your home wasn't WORTH that much in the first place ... the over inflated housing market is just as much a bubble as the Dot.Com era was ... the ironic thing about the housing market is the coming crash will be foretold in ways other than massive foreclosure rates .. (here in Miami .. it's currently at 40,000 a month and CLIMBING ..) the poor **stards who went into hock to afford that new home are now reaping one of lifes cruelest jokes .. property taxes ..
Here in Miami .. homeowners are being hit with tax bills for up to $10,000 dollars and MORE ... mind you .. these are people who scrimped and saved for years for a down payment which was LESS than that ...
Imagine the shock these people are feeling ...
I doubt if they care much about the stock market hitting 14,ooo .. | |
|
| If George W bush is doing so bad why is the economy doing so good?
Posted: 5/10/2007 11:30:31 AM | Yep...one of the reason I moved from Miami is that I couldn't afford a house in the areas were I grew up (Gables/Grove/Key Biscayne) & didn't want to live in a cracker box in West Kendall.
Lot's of those folks are up to their armpits in other debt as well.
Another thing that has fueled the economy for the past several years is the average person's willingness to go into debt for flashy new cars, electronics, etc.
Bet the economy doesn't look to good when you've lost your job, house & have 20K in credit card debt!
As pointed out 2 posts above...the 'average' man has voted AGAINST his wallet, mostly over fear issues in the last few elections.
What with huge corps controlling national politics, a run-away stock market, big monopoly-like take overs the norm....there are some VERY scary similarities to the build up before the Great Depression.
& all the while people flock to Wal-mart & wonder where the good jobs went..... | |
|
|
| Page 4 of 24
|
1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24 |
|
Home
login 
