Topic: Is Bush to Blame for the Economy?
Winx's photo
Wed 02/27/08 07:58 AM
Edited by Winx on Wed 02/27/08 07:59 AM

Dragoness.....

Damn, first you start a thread saying Bush is to blame for teen age pregnancy. Now Bush is to blame for the economy. I had an accident on January 8th, really hurt myself pretty bad. Oh, my God ...... Bush is to blame! Damn, how did I miss that?


Leahmarie,

Sorry to hear that you were in an accident. Hope you get better soon.

smo's photo
Wed 02/27/08 01:16 PM
Bush is not all the blame , I think he is just one of the supporters of Zion(Israel) including the majority of our Congress. Who support the Private federal reserve system. It is all connected, and the Illuminati (Elite) The Private federal reserve charges our govt interest on worthless monopoly type money, has no real value,federal reserve is biggest ponzi scheme ever was, it steals your houses, wages, inflates your savings,robs third world countries, Parasites, it is just a total fraud!!from the day it started in 1913, our delinquent govt supports this CRIME!!in cluding bush.laugh laugh laugh laugh noway noway

no photo
Thu 02/28/08 05:55 AM


Dragoness.....

Damn, first you start a thread saying Bush is to blame for teen age pregnancy. Now Bush is to blame for the economy. I had an accident on January 8th, really hurt myself pretty bad. Oh, my God ...... Bush is to blame! Damn, how did I miss that?


Leahmarie,

Sorry to hear that you were in an accident. Hope you get better soon.



Thank you ....

Lindyy's photo
Thu 02/28/08 06:15 AM
The following is taken from USINFO.State.Gov
U.S. Department of State

PRESIDENT GEORGE W. BUSH - Economic issues:

Facing opposition in the Congress, Bush held town hall-style public meetings across the U.S. in 2001 to increase public support for his plan for a US$1.35 trillion tax cut program — one of the LARGEST TAX CUTS IN U.S. history (Emphasis added-Lindyy).

Under the Bush Administration, Real GDP has grown at an average annual rate of 2.5 percent,

The Dow Jones Industrial Average has grown by about 30 percent since January 2001.

Unemployment .......dropping to 4.5 percent as of July 2007.

Under the Bush-era economy, ...... information available suggests that the standard of living has increased on all rungs of the socio-economic strata....

Another significant part of the Bush economic plan was the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

FROM CONSERVAPEDIA.COM

More on Economic issues:

Upon gaining office in 2001, Bush signed into law a $1.35 trillion cut in taxation over 10 years. The plan included the objectives of doubling the child tax credit from $500 to $1,000, reducing the tax penalty on married couples and fully repealing the tax on estates. A United States Senate Finance Committee Report estimated that with all the planned reductions fully phased in, the average family of four making $50,000 would save $1,825 per year.[14]

Since the tax cuts, IRS revenues have actually increased from $1.78 Trillion in 2003 to $2.56 Trillion in 2007 with a 46.3% increase of individual income tax receipts. Surging $785 billion since the 2003 investment tax cuts it is the largest four-year revenue increase in U.S. history[15]

Bush has presided over a period of general economic growth. This is partially due to changes in the stock market that lead to a record high in 2007. Corporations show profits growing by double digits growth.[16] Even the working class is benefiting from the Bush economy, AS UNEMPLOYMENT HIT AN ALL TIME LOW IN MARCH 2007
(Emphasis added-Lindyy)

Bush signed into law a minimum wage increase, ..... after the House and Senate included Bush's request of provisions for SMALL -BUSINESS TAX BREAKS (Emphasis - Lindyy). Tax policies have been favorable to reducing the Capital Gains Tax, with a subsequent surge in investment.

It appears that the US economy has done pretty well under President George W. Bush's Economic Policy.


Lindyy
:heart: :heart:
drinker drinker drinker

mnhiker's photo
Thu 02/28/08 06:42 PM

The following is taken from USINFO.State.Gov
U.S. Department of State

PRESIDENT GEORGE W. BUSH - Economic issues:

Facing opposition in the Congress, Bush held town hall-style public meetings across the U.S. in 2001 to increase public support for his plan for a US$1.35 trillion tax cut program — one of the LARGEST TAX CUTS IN U.S. history (Emphasis added-Lindyy).

Under the Bush Administration, Real GDP has grown at an average annual rate of 2.5 percent,

The Dow Jones Industrial Average has grown by about 30 percent since January 2001.

Unemployment .......dropping to 4.5 percent as of July 2007.

Under the Bush-era economy, ...... information available suggests that the standard of living has increased on all rungs of the socio-economic strata....

Another significant part of the Bush economic plan was the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

FROM CONSERVAPEDIA.COM

More on Economic issues:

Upon gaining office in 2001, Bush signed into law a $1.35 trillion cut in taxation over 10 years. The plan included the objectives of doubling the child tax credit from $500 to $1,000, reducing the tax penalty on married couples and fully repealing the tax on estates. A United States Senate Finance Committee Report estimated that with all the planned reductions fully phased in, the average family of four making $50,000 would save $1,825 per year.[14]

Since the tax cuts, IRS revenues have actually increased from $1.78 Trillion in 2003 to $2.56 Trillion in 2007 with a 46.3% increase of individual income tax receipts. Surging $785 billion since the 2003 investment tax cuts it is the largest four-year revenue increase in U.S. history[15]

Bush has presided over a period of general economic growth. This is partially due to changes in the stock market that lead to a record high in 2007. Corporations show profits growing by double digits growth.[16] Even the working class is benefiting from the Bush economy, AS UNEMPLOYMENT HIT AN ALL TIME LOW IN MARCH 2007
(Emphasis added-Lindyy)

Bush signed into law a minimum wage increase, ..... after the House and Senate included Bush's request of provisions for SMALL -BUSINESS TAX BREAKS (Emphasis - Lindyy). Tax policies have been favorable to reducing the Capital Gains Tax, with a subsequent surge in investment.

It appears that the US economy has done pretty well under President George W. Bush's Economic Policy.


Lindyy
:heart: :heart:
drinker drinker drinker


More conservative spin. I noticed you quoted from conservapedia.com, obviously Right-Wing spin.

Let's focus instead on what is happening now, because now and the near future is what is affecting consumers most.

Now, the economy is weakening and growth is expected to fall to 0.8% this year, according to Economist.com

http://www.economist.com/countries/USA/profile.cfm?folder=Profile-Economic%20Data

What the housing market will do is anyone's guess, but I doubt that giving away money this summer is going to make much of a dent for those who have second, third and fourth mortgages.

Senate Democrats want a Mortgage Relief Bill, which is opposed by the White House, according to the New York Times.

http://www.nytimes.com/2008/02/28/business/28cnd-econ.html?ex=1361941200&en=5f11c2f6abf39de7&ei=5090&partner=rssuserland&emc=rss

So, I guess the economy is not so rosy as Lindyy assumes.

noblenan's photo
Thu 02/28/08 08:06 PM

Yes George is responsible for the economy - new cars, new computers and laptops, i pods, cell phones, new houses, ........................................................

and everybody wants something for nothing.......................


EXACTLY!
Ok, ok, Clinton was the feast and Bush is the famine. So let's vote for the person who understands the mistakes that were made and has a plan to, at least, make life bearable again! In my humble opinion, neither the Republican or Democratic Parties had a clue as to issues of the % of the population that earns under $30,000 (I'm sure someone would be kind enough to Google that %). glasses flowerforyou

andrewzooms's photo
Thu 02/28/08 08:17 PM
The president and congress are to blame for most of the economys problems. A high unemployment rate and inflation resulting in staglation is never a good thing.

Lindyy's photo
Thu 02/28/08 09:00 PM


The following is taken from USINFO.State.Gov
U.S. Department of State

PRESIDENT GEORGE W. BUSH - Economic issues:

Facing opposition in the Congress, Bush held town hall-style public meetings across the U.S. in 2001 to increase public support for his plan for a US$1.35 trillion tax cut program — one of the LARGEST TAX CUTS IN U.S. history (Emphasis added-Lindyy).

Under the Bush Administration, Real GDP has grown at an average annual rate of 2.5 percent,

The Dow Jones Industrial Average has grown by about 30 percent since January 2001.

Unemployment .......dropping to 4.5 percent as of July 2007.

Under the Bush-era economy, ...... information available suggests that the standard of living has increased on all rungs of the socio-economic strata....

Another significant part of the Bush economic plan was the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

FROM CONSERVAPEDIA.COM

More on Economic issues:

Upon gaining office in 2001, Bush signed into law a $1.35 trillion cut in taxation over 10 years. The plan included the objectives of doubling the child tax credit from $500 to $1,000, reducing the tax penalty on married couples and fully repealing the tax on estates. A United States Senate Finance Committee Report estimated that with all the planned reductions fully phased in, the average family of four making $50,000 would save $1,825 per year.[14]

Since the tax cuts, IRS revenues have actually increased from $1.78 Trillion in 2003 to $2.56 Trillion in 2007 with a 46.3% increase of individual income tax receipts. Surging $785 billion since the 2003 investment tax cuts it is the largest four-year revenue increase in U.S. history[15]

Bush has presided over a period of general economic growth. This is partially due to changes in the stock market that lead to a record high in 2007. Corporations show profits growing by double digits growth.[16] Even the working class is benefiting from the Bush economy, AS UNEMPLOYMENT HIT AN ALL TIME LOW IN MARCH 2007
(Emphasis added-Lindyy)

Bush signed into law a minimum wage increase, ..... after the House and Senate included Bush's request of provisions for SMALL -BUSINESS TAX BREAKS (Emphasis - Lindyy). Tax policies have been favorable to reducing the Capital Gains Tax, with a subsequent surge in investment.

It appears that the US economy has done pretty well under President George W. Bush's Economic Policy.


Lindyy
:heart: :heart:
drinker drinker drinker


More conservative spin. I noticed you quoted from conservapedia.com, obviously Right-Wing spin.

Senate Democrats want a Mortgage Relief Bill, which is opposed by the White House, according to the New York Times.

http://www.nytimes.com/2008/02/28/business/28cnd-econ.html?ex=1361941200&en=5f11c2f6abf39de7&ei=5090&partner=rssuserland&emc=rss

So, I guess the economy is not so rosy as Lindyy assumes.


MNHiker:

Well, would you really expect a conservative to cite a leftie libber site? Good grief.:angry:

And, according to Bill O'Reilly tonight, NY Times only has a 27% approval rating.laugh

Yes, the economy has done well under President Bush!

Lindyy
:heart: :heart:

armydoc4u's photo
Thu 02/28/08 09:02 PM
Edited by armydoc4u on Thu 02/28/08 09:07 PM


Yes George is responsible for the economy - new cars, new computers and laptops, i pods, cell phones, new houses, ........................................................

and everybody wants something for nothing.......................


EXACTLY!
Ok, ok, Clinton was the feast and Bush is the famine. So let's vote for the person who understands the mistakes that were made and has a plan to, at least, make life bearable again! In my humble opinion, neither the Republican or Democratic Parties had a clue as to issues of the % of the population that earns under $30,000 (I'm sure someone would be kind enough to Google that %). glasses flowerforyou

laugh laugh laugh laugh laugh laugh laugh laugh laugh laugh laugh feast and famine? oh really.......

Economy Better Under GWBush Than Bill Clinton: Statistical Comparison

GW's 1st three years versus Clinton's 1st three years:
Unemployment Rate -
Jan 2004: 5.6% (After GWBush's 1st three years)
Change in rate from prior year (Jan '03-'04): 0.3%, Decrease

Jan 1996: 5.6% (After Bill Clinton's 1st three years)
Change in rate from prior year (Jan '95-'96): 0.0%, No change

* The Unemployement Rate is the same after GWBush's 1st three years as it was after Bill Clinton's 1st three years.
* The Unemployment rate steadily declined in the third year with GWBush while it remained unchanged in Bill Clinton's third year.

Poverty Rate For Families (Two-Year Average) -
2001-2002: 9.40% (GWBush's 1st two years)
1993-1994: 12.95% (Clinton's 1st two years)
1993-2000: 10.50% (Average for Clinton's full eight years)

* The % of families living in poverty is lower after two years under GWBush than after two years under Bill Clinton - even lower than 7 out of 8 of Clinton's years in office.

Percent of People Below 50 Percent of Poverty Level (Two-Year Average) -
2001-2002: 4.95% (GWBush's 1st two years)
1993-1994: 6.05% (Clinton's 1st two years)
1993-2000: 5.31% (Average for Clinton's full eight years)

* The % of people living in deep poverty is lower after two years under GWBush than after two years under Bill Clinton - even lower than the average across Clinton's entire TWO terms of office... AND lower than ANY of Clinton's 1st six years in office.

Homeownership Rate -
GWBush's 1st three years:
4th Quarter 2000: 67.5% (before GWBush)
4th Quarter 2003: 68.6% (after 3 years of GWBush)
Difference: +1.1%

Bill Clinton's 1st three years:
4th Quarter 1992: 64.4% (before Clinton)
4th Quarter 1995: 65.1% (after 3 years of Clinton)
Difference: +0.7%

* The Homeownership Rate is higher under GWBush's 1st three years than under Bill Clinton's 1st three years.
* The Homeownership Rate grew MORE in the 1st three years with GWBush than in the 1st three years with Bill Clinton.

Inflation Rate -
GWBush's 1st three years:
Jan 2001: 3.73% (before GWBush)
Jan 2004: 1.93% (after 3 years of GWBush)
Difference: 1.8% Decrease

Bill Clinton's 1st three years:
Jan 1993: 3.26% (before Clinton)
Jan 1996: 2.73% (after 3 years of Clinton)
Difference: 0.53% Decrease

* The Inflation Rate is lower after three years of GWBush than it was after Bill Clinton's first three years.
* The Inflation Rate declined over three times greater under GWBush than under Bill Clinton.
TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections; Your Opinion/Questions
KEYWORDS: bush; bushrecovery; economy; inflation; poverty; unemployment; x42
A few more tidbits:
* "2004 Will Be the U.S.'s Best Year Economically in Last 20 Years" ~ The Conference Board's revised forecast, December 2003.
* Manufacturing is at 20-year record highs.
* GDP for the second-half of 2003 grew an incredible 6 percent while inflation was held under 1 percent.
* Real private-sector GDP has expanded at a 5.3 percent annual rate since the Bush tax cuts were passed while in the prior six quarters private-sector GDP averaged only 2.5 percent.
* Foreign exports have been increasing and have actually doubled since six months ago.
* The Federal deficit is estimated to be $477 billion in 2004 but then drop to $362 billion for 2005. The current 2004 deficit is 4.2% of the GDP which makes it smaller, compared to the GDP, than what it was in the late '80s and early '90s.
* The stock markets (i.e. your pensions, IRAs, 401(k)s and college saving plans) have rebounded solidly and are approaching three-year highs.

And so even though GWBush "wrecked" the economy, caused a long and deep recession and threw 4 gabzillion people out of work - in just two years GWBush was still able to keep the poverty rate LOWER than what Clinton had done in almost EIGHT years?
* And all of this IN SPITE OF 9-11, which annhialated one of America's most important financial centers.
* AND in spite of waging two major overseas wars to overthrow two terrorist regimes.
* AND in spite of completely revamping and reconstructing our national security and intelligence agencies to defend against constant domestic terrorist threats.
* And yet we STILL have (as the numbers show) a far BETTER economy after three years of GWBush than when he first took office.
* And, as shown above, GWBush has had a GREATER positive impact on the economy than what Clinton was able to accomplish in his first three years.

Some key points:

As of February 2004, there has been a household gain of 2.4 million jobs.

Monthly job statistics began to be collected in 1939. Since that time, there HAS NEVER been positive growth in jobs two years after a recession ended. Instead, there's been a 0.6% decline. What's going on with the jobs,therefore, is entirely consistent with what's happened every other time there has been a recession. And we've never had a 9/11 before.

The net worth of all US households is $44.4 trillion, the highest level ever.

More than two-thirds of American families own their own homes, the highest percentage ever.

Weekly initial jobless claims have dropped from a high of 459,000 last year to 345,000 last week.

Consumer prices increased just 1.9% in the past year.

The unemployment rate is 5.6%. The average unemployment rate since 1980 was 6.3%. The average unemployment rate in the 1990's was 5.7%.

The stock market has advanced 45%

Factories operate at 20 year high.



but we all know its what have you done for me today with these people, they have no sound ideas of their own and only get media attention for bashing someones else's, and oh by the way for say "I HAVE A PLAN...." AND NEVER SAYING WHAT THE DAMN PLAN IS! I hate pretty much the democrat party, a bunch of brainless people who should be happy that republicans are here to insure that they dont piss away our country.

mnhiker's photo
Thu 02/28/08 09:14 PM



The following is taken from USINFO.State.Gov
U.S. Department of State

PRESIDENT GEORGE W. BUSH - Economic issues:

Facing opposition in the Congress, Bush held town hall-style public meetings across the U.S. in 2001 to increase public support for his plan for a US$1.35 trillion tax cut program — one of the LARGEST TAX CUTS IN U.S. history (Emphasis added-Lindyy).

Under the Bush Administration, Real GDP has grown at an average annual rate of 2.5 percent,

The Dow Jones Industrial Average has grown by about 30 percent since January 2001.

Unemployment .......dropping to 4.5 percent as of July 2007.

Under the Bush-era economy, ...... information available suggests that the standard of living has increased on all rungs of the socio-economic strata....

Another significant part of the Bush economic plan was the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

FROM CONSERVAPEDIA.COM

More on Economic issues:

Upon gaining office in 2001, Bush signed into law a $1.35 trillion cut in taxation over 10 years. The plan included the objectives of doubling the child tax credit from $500 to $1,000, reducing the tax penalty on married couples and fully repealing the tax on estates. A United States Senate Finance Committee Report estimated that with all the planned reductions fully phased in, the average family of four making $50,000 would save $1,825 per year.[14]

Since the tax cuts, IRS revenues have actually increased from $1.78 Trillion in 2003 to $2.56 Trillion in 2007 with a 46.3% increase of individual income tax receipts. Surging $785 billion since the 2003 investment tax cuts it is the largest four-year revenue increase in U.S. history[15]

Bush has presided over a period of general economic growth. This is partially due to changes in the stock market that lead to a record high in 2007. Corporations show profits growing by double digits growth.[16] Even the working class is benefiting from the Bush economy, AS UNEMPLOYMENT HIT AN ALL TIME LOW IN MARCH 2007
(Emphasis added-Lindyy)

Bush signed into law a minimum wage increase, ..... after the House and Senate included Bush's request of provisions for SMALL -BUSINESS TAX BREAKS (Emphasis - Lindyy). Tax policies have been favorable to reducing the Capital Gains Tax, with a subsequent surge in investment.

It appears that the US economy has done pretty well under President George W. Bush's Economic Policy.


Lindyy
:heart: :heart:
drinker drinker drinker


More conservative spin. I noticed you quoted from conservapedia.com, obviously Right-Wing spin.

Senate Democrats want a Mortgage Relief Bill, which is opposed by the White House, according to the New York Times.

http://www.nytimes.com/2008/02/28/business/28cnd-econ.html?ex=1361941200&en=5f11c2f6abf39de7&ei=5090&partner=rssuserland&emc=rss

So, I guess the economy is not so rosy as Lindyy assumes.


MNHiker:

Well, would you really expect a conservative to cite a leftie libber site? Good grief.:angry:

And, according to Bill O'Reilly tonight, NY Times only has a 27% approval rating.laugh

Yes, the economy has done well under President Bush!

Lindyy
:heart: :heart:


But the economy is not doing well now. Just look at the housing market. That's from the predatory lending that happened on Bush's watch.

Bill O'Reilly, are you serious? The 'No Spin Zone' where he spins faster than a cyclone? laugh laugh laugh laugh

Maybe if you're rich the economy is great.

If you're middle class, lower middle class, or out of work, it sucks. :angry:

Winx's photo
Thu 02/28/08 09:22 PM
The cost of living is rising faster than salaries.

armydoc4u's photo
Thu 02/28/08 09:26 PM

The cost of living is rising faster than salaries.



really? and you can back that up with what. annual income rose how much last year and cost of live rose how much?

economy101

mnhiker's photo
Thu 02/28/08 09:27 PM

The cost of living is rising faster than salaries.


You got that right. And the wealthy Republicans just don't get it. Why are the poor serfs who clean their hotels complaining?

Winx's photo
Thu 02/28/08 09:30 PM


The cost of living is rising faster than salaries.



really? and you can back that up with what. annual income rose how much last year and cost of live rose how much?

economy101


I live it every time I pay my bills, go to the grocery store and get gasoline.

mnhiker's photo
Thu 02/28/08 09:39 PM



The cost of living is rising faster than salaries.



really? and you can back that up with what. annual income rose how much last year and cost of live rose how much?

economy101


I live it every time I pay my bills, go to the grocery store and get gasoline.


Well, that's one more mystery solved.
Case closed. laugh laugh laugh

armydoc4u's photo
Thu 02/28/08 09:50 PM
ok I see, so your saying for you, not for the country as a whole? If thats the case then theres no arguing from me, I hope it gets better for you.

mnhiker's photo
Thu 02/28/08 10:06 PM

ok I see, so your saying for you, not for the country as a whole? If thats the case then theres no arguing from me, I hope it gets better for you.


Well doc, there's lot of people feeling the pinch.

It's not just me. ohwell

Winx's photo
Thu 02/28/08 10:26 PM

ok I see, so your saying for you, not for the country as a whole? If thats the case then theres no arguing from me, I hope it gets better for you.


Actually, most of the people that I know are complaining about the cost of living increasing.

armydoc4u's photo
Thu 02/28/08 10:43 PM
well i dont know, maybe a regional thing or something, most of the people I know(average working americans NOT RICH) arent doing any complaining, things seem to be going at an even keel. they do how ever complain about the tax situation.... Im one of those people, since i wasnt deployed all year then i have to pay taxes(only fair) but i mean even after they took it out, i still have to pay more its not a lot but 124 bucks is a 124 bucks you know.

hellkitten54's photo
Fri 02/29/08 05:36 AM

I seriously think Madisonman and Dragoness should mate...just a thoughtdrinker flowerforyou bigsmile


laugh laugh laugh