PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: JakeStraw who wrote (498580)	11/25/2003 3:57:49 PM
From: Lizzie Tudor	Read Replies (2) of 769667

This is another statistical anomaly like the productivity numbers. We have no acceleration in wage growth, in fact wages are starting to go below 1990 levels, unemployment is high, and bankruptcies are high. When the government reports bogus things like this, and mom and pop are still hurting, they don't help themselves. It makes Bush's economic team seem out of touch, which they are of course. Just to put it in perspective, these GDP numbers are HIGHER THAN CHINA. Anybody been to China lately? There is so much construction going on you can barely move and wages in some disciplines are going up 10% every 6 mos. Now THAT is what a 7-8% GDP environment looks like. I wonder if the Bush administration is doing this deliberately. I see the stock market is unimpressed. The rally this year, while impressive, is not outstanding considering we had the worst bear market in 70 years and now we are supposed to be in a 7% GDP climate. What a joke, I wish the markets were as gullible as Bush's economic team.

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