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Politics : Impeach George W. Bush
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To: TimF who wrote (81279)6/1/2007 11:59:48 PM
From: JBTFD  Read Replies (1) of 93284
 
"No they can't. More importantly they aren't. Unemployment in the US is low, and average real total compensation is doing ok. Over time the average American gets wealthier."

I misspoke. They can't take all the jobs away but they are at the opposite end of the spectrum from the working man when it comes to wages. They have in fact taken many high paying jobs overseas, and the people who had those jobs often are employed for far less pay than they were previously. This is NOT a net plus for the American worker, nor for the American economy.

I would posit that the only reason the economy is doing as well as it is is that this administration and the federal reserve policies have expanded the money supply like no one other than Reagan had done. In other words they are putting more and more money in to circulation, and there is an initial economic boost from that. But you can not do that forever. The most obvious place where this is visible is the real estate market. Houses in most areas have doubled or tripled in ostensible value since Bush took office. The house is the same house as it was 7 years ago. That it takes three times as much money to purchase it means that money is worth one third what it was 7 years ago when it comes to buying a house. This is real inflation (more money in circulation) but it is not reflected in the official inflation numbers. They are a creation designed to keep stated inflation low, so that government costs can stay as low as possible. And young people starting out now have the least affordable housing the country has ever seen. Is this what you mean when you say "Over time the average American gets wealthier." I say just the opposite. Over time the average American starting out has become less and less able to afford a home.

Anyway with all of your other points too I feel you want to put lipstick on a pig. The pig is Bush's economic policies, which are geared to benefit the very rich at the expense of everyone else. Bush has been very consistent in his advocacy of owning class interests, and chipping away of the standard of living of the working class and middle class. His tax cuts illustrate his priorities.

You can try to sell the idea that everyone is better of with these types of policies, but working people are not fooled.
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