"taken many high paying jobs overseas" implies that their are now less high paying jobs in the US. But that isn't in fact what is occurring.
More people have lost their jobs because of higher productivity then from outsourcing or moving factories overseas.
Jobs get "eliminated" by competitive pressures. Just as jobs in manufacturing equipment for horse drawn carriages got eliminated by the mass introduction of the automobile. Some of the individuals involved may indeed suffer, but without this creative destruction, the economy stagnates. If you can't fire people you can't change the way resources are used to be significantly more productive. Also if you can't fire people you will be much more reluctant to hire them in the first place.
Houses in most areas have doubled or tripled in ostensible value since Bush took office.
That's an exaggeration. Housing in a number of areas (including mine) may have doubled or tripled, but many areas have not had increases anywhere near as big.
"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.
Being able to afford a house is not the only measure of wealth. But even by that measure people have gotten wealthier. Home ownership is up, and the average house is larger.
he pig is Bush's economic policies, which are geared to benefit the very rich at the expense of everyone else.
Nonsense.
Lower taxes, and a slowdown in regulatory expansion helps far more than the very rich. Also to the extent the rich are getting richer they are not getting richer at the expense of everyone else, but more often to the benefit of everyone else.
I'm not just talking about the Bush administration here, my point is about longer term trends and issues. But nothing about the economy now invalidates the point.
You can try to sell the idea that everyone is better of with these types of policies, but working people are not fooled.
Hopefully they won't be fooled, and will not call for a strong expansion of government spending, regulation, and taxation. Unfortunately I'm not highly confident that this will be the case. |
