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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Srexley who wrote (395303)	4/20/2003 11:59:32 AM
From: steve harris	Read Replies (2) \| Respond to of 769667

Srexley, re:LIARS like Spirit-Girl will state that this is the worst economy The lies worked in 1992, so they are trying it again. They failed to see that it did not work in 2002 and they are unwilling to admit Daschle and Pelosi are the Republican's best campaigners. Good by me! Steve

To: Srexley who wrote (395303)	4/20/2003 12:00:14 PM
From: Jerrel Peters	Read Replies (2) \| Respond to of 769667

They are just trying to use their age old scare tactics as that is all they ever have. They live on fear.

To: Srexley who wrote (395303)	4/20/2003 12:08:40 PM
From: American Spirit	Read Replies (1) \| Respond to of 769667

Bush Economy Has Failed Americans: President Bush's economic plan became law more than a year and a half ago, with the Administration claiming that it would strengthen a struggling economy. Despite Republican promises, the economy remains sluggish and our economy continues to lose jobs. Unfortunately, recent economic reports and data give little indication that our economy is on the verge of recovery. Sadly, the Republican response is to advocate more of the same failed policies. 2.3 million jobs lost. Recently, we learned the private sector has lost 2.3 million jobs since President Bush took office. No President since World War II has seen job losses during his tenure. President Bush is in danger of breaking this record of job growth. At the halfway point of his term, he has lost 95,000 jobs per month since taking office. Worst hiring slump in 20 years. It is uncertain whether the recession that began early in the Bush Administration has yet ended. However, the steady job losses and sluggish growth suggest that we may be experiencing another jobless recovery, just as we saw under the previous President Bush in the aftermath of our last recession. Last week, the New York Times reported that job losses, economic growth rates, the average length of unemployment, and the increase in discouraged workers - those leaving the labor force - are all worse today than they were at a comparable point after the start of the last recession. That article described the economy as in its worst hiring slump in 20 years. Weakest economic growth under a president in 50 years. On January 30, we learned that the economy grew at an annual rate of only 0.7 percent in the fourth quarter of 2002, and 2.4 percent over the full year. In 2001, growth was only 0.3 percent. These are the worst two years since 1990-91. Every President in the last 50 years has seen higher average annual economic growth rates over the course of their term. Worst fiscal reversal in history. In recent weeks, both the Congressional Budget Office and the Administration have released new budget estimates, confirming the dramatic downturn in our budget circumstances over the past two years. President Bush inherited the largest budget surplus in our history and swiftly reversed course, putting us on track to exceed the deficit records set in his father's Administration. The Administration's own numbers project that we will run the largest deficit in history this year, and break that record next year. Unfortunately, this is not a temporary deficit resulting from an economic slowdown, the costs of the war on terrorism, etc. Instead, the Administration is proposing deficits as far as the eye can see. The $5.6 trillion 10-year surplus that President Bush inherited is now a deficit of more than $2 trillion, for a total fiscal reversal of $7.8 trillion. This change in our fiscal outlook will mean that we will have $5 trillion more national debt in 2008 than previously expected, roughly $17,000 for every American. That will force the federal government to compete with private businesses for investment capital, hampering future economic growth by increasing interest rates and diverting funds from the private sector. $5 trillion in market value lost. By the end of last year, the stock market had lost $4.9 trillion (29 percent) since President Bush took office. That trend has continued. So far this year, both the Dow and the S&P 500 are down by seven percent (through February 12) and have fallen for four consecutive weeks. The declining market reflects investors confidence in the economy. But it has also wiped out trillions in assets (a significant amount of which was in retirement funds), made it more difficult and expensive for businesses to raise capital, and reduced consumer spending. The economy has remained sluggish despite enactment of a tax cut that the Administration claimed would revive the economy. President Bush is now fighting for more of the same failed policies. He has proposed an even larger tax cut that is - again - significantly tilted in favor of the wealthiest Americans. That alone, regardless of any other merits, makes his plan ineffective as economic stimulus since those who benefit the most are those least likely to spend an additional dollar of disposable income. But his plan also offers relatively little tax relief now, when the economy most needs a jump start. Unfortunately, less than five percent of his economic package will be felt in people's pockets and wallets during this fiscal year. It's no wonder that more than 450 economists - including 10 Nobel laureates - signed a statement criticizing the President's proposal as ineffective short-term stimulus that worsens our long-term budget outlook. * Yes Carter's was bad too, but different. But try being a college grad now looking for a job. You'd get real fast. There is almost nothing available but enlisting in the military or being an intern (working for free)

To: Srexley who wrote (395303)	4/20/2003 12:09:28 PM
From: John Chen	Read Replies (1) \| Respond to of 769667

Srexley,re:"6%". 6% of 500 = 30 9% of 100 = 9 Number is just that, number. You can play with it all you want according to your agenda/perception. I think we are at least 5 times more in the workforce than 10 or more years ago. Percentage-wise may not be bad. Believe me, it's BAD, especially if you are under one of those 'out-source' or 'H1B' wreath, which has JUST STARTED. Thanks Bush we now have more jobs oversea due to the terrorists issue. I think we are on a major expansion over middle east. No, we don't occupy, we just want to make sure they behave just like us.

To: Srexley who wrote (395303)	4/20/2003 12:12:58 PM
From: Sedohr Nod	Read Replies (2) \| Respond to of 769667

Agreed....My grandfather's political leanings were shaped by events of the 30's and he told me numerous stories of looking for work that included jumping moving trains to unknown destinations with a glimmer of hope things would be better somewhere else....He was familiar with a riot to take over a food distribution center due to perceived inequities in service....For anyone to say this generation of Americans suffers anything similar to that is pure hogwash....