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Politics : PRESIDENT GEORGE W. BUSH
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To: denizen48 who wrote (516206)12/26/2003 11:58:36 PM
From: Lizzie Tudor  Read Replies (4) of 769667
 
I have to tell you, you are wasting your time on this topic. I have all these people on ignore, you are trying to have a conversation about economics and they are mostly cheerleaders for Bush- they don't care what he does or how much money he spends or how worse off the country is.

A few months ago I was on a right wing thread when the 7% GDP numbers first came out. Those guys were writing Bush's re-election speech and crowing about how this was going to be the "mother of all retail seasons". One total buffoon from there told me "I had to face facts". Well here we are 2 mos later and this was one of the worst Xmas retails in the last 30 years, and the GDP has actually improved from that time, AND (this is the killer) we have managed to add about 50K jobs, less than maintenance on the current joblessness picture.

It is obvious the real economy is quite sick, and the GDP numbers are measuring something along the lines of multinational profitability vs. which goods and services actually compose the US economy. The real GDP is probably less than 3% if it were measured correctly. Some UCLA economists have commented on the bogus GDP figures, you can find their paper on it if you google "twilight zone economy" (which was their term for the extreme GDP). Bush has implemented a sort of "trickle down" approach to managing the US economy- when it is quite clear the trickling is going offshore. (trickle down never worked too well even when the trickle happened HERE)

I don't like this white house, but my biggest issue with them is that I don't trust them. I don't trust the president, his economic team or the leadership in congress. They are out to turn the US economy into a sort of banana republic where few benefit at the expense of the many.
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