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White House: Bush Economy Stronger Than Clintons »

Posted by: TimALoftis 2 years, 6 months ago

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The White House says the economic surge that began five and a half years ago on President Bush's watch is more robust than the much-touted expansion during the Clinton administration.(via drudge)

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TimALoftis

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Comments: 14

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CatholicRedneck
April 9, 2007, 2:37 p.m.
According to two indicators (CPI-adjusted monetary base and inverted yield curve) we are headed for recession. For more info on this see:
http://money.netscape.com/story/2007/03/31/fool...
With the housing bust, that's going to affect jobs - and anyway the jobs being created were mostly low wage service jobs.
I can't decide whether to vote for this story or sink it; I think I'll flip a coin.
anioklyComment has been removed: User banned.
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STILLWATER00
April 9, 2007, 8:29 p.m.
!This is a joke! The housing market has been so inflated its Sick!In the last 5 yrs the cost of living ect has incresed way way to fast compared to falling wages are sick!HumpyCumpy effect!Neg savings not seen since 1930''s/ Rusty nail @80 yr olds 2X4s homes have Tripled in prices increases!
The only thing in the last 5 years the economy is showing is how much the US Dollar has been devalued and its going to end down toasted side up!
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Tcaros
April 9, 2007, 10:25 p.m.
Good grief... compare the National Debt then you'll have the full picture. The only ones left with money will be Kaiserslaughtern (hoped I spelled it right) and Dick Cheney.
Avg rating: (+5/-4 1)
Bopi365
April 10, 2007, 8:56 a.m.
And even Raygun raised taxes after he cut them .
Interesting story, our local utility co recently was deregulated. They promptly raised rates an average of 30% across the board. The state stepped in and reversed the deregulation, reviewed the records and allowed a 4% increase. utilities must now pay back the difference.
The interests of buisness are not particularly in the interest of the people.
and sinking billions into a failed war isn't helping much
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texangelwings
April 10, 2007, 9:59 a.m.
While The Bush Administration bask in their words of 'life is wonderful' on one hand, then on the other hand are trying to scare everyone about how broke SS & Medicare is, who has been managing the tax payers money, that has been taken out of their pay checks?
If the economy is doing so well, then that should mean more money is going into SS & Medicare accounts, with "average American workers wage at $17.22 an hour" & increase in number of new jobs, SS & Medicare should be doing better, right?
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Bopi365
April 11, 2007, 10:55 a.m.
If you check progressions for ssi and all other social spending programs for the next 20 years ( and you can get these from the Heritage foundation of all places) you will find that projections are dismal.
Bush has reduced the budget deficit from his previous all time record to something somewhat smaller than previous. this previous to his own rampant spending. it is a formula based on percentages of GDP that is averaged over the last 50 yrs. It is also a flawed formula. WWII was responsible for tremendous debt and for good reason. factoring that out of the equation, debt is at record levels even on a percentage basis. But the Admin tells us that it is still ok and still manageable.
living on a credit card.
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Bopi365
April 11, 2007, 10:55 a.m.

Apparently monies from the stock market are one of americas biggest assets. Foriegn investment in this market accounts for a disproportionate amount of the GDP being considered. Unfortunately this doesn't help the average American. It does however serve to inflate the numbers. It makes everyone running the show look good.
Sound government policy will better direct buisness towards long term goals rather than allow a short term profit oriented buisness enviroment to direct government policy.
however access to government is bought and paid for by big buisness lobby's who then dictate legislation directly benefitting their own bottom line.
Its like painting yourself into a corner.