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

To: Kenneth E. Phillipps who wrote (485875)	11/3/2003 2:06:50 PM
From: JakeStraw	Read Replies (1) \| Respond to of 769670

CLINTON'S ECONOMY MUCH WORSE THAN HIS VERSION OF FACTS SAY! by Howard Hobbs, Ph.D., Economics Editor WASHINGTON DESK - The average American thinks the unemployment rate is four times higher than it actually is, according to a new Washington Post survey released Sunday. In fact, many Americans in this election year are looking at themselves in the mirror and asking why they haven't gotten their share in what Clinton is calling 'the strongest economy in 30 years!' When the Clinton White House measures the U.S. economy,Clinton's statistics just don't correlate to the average American's life experience. For example, if unemployment is really at a seven-year low why are millions of American over the age of 40 out of work! For another example,if inflation is really at its lowest level in three decades why is the purchasing power of the Dollar at its lowest level in the past four years? If the federal budget deficit has, in fact, truly declined to about $109 billion this year from $290 billion in 1992 where are the billions of dollars of lost income taxes from the American factories that packed-up and left the country in the last four years? America is curious about president Clinton's rhetoric about the economy. Most Americans think that the president's nose is starting to grow again. The average American actually believes that if Clinton were to tell the truth, the number of jobless would be four times higher than he's been saying during his re-election cycle. Almost 1 in 4 Americans thinks that if president Clinton were to tell the truth, the current unemployment rate would exceed 25 percent. That is the exact percentage of Americans who were estimated to be out of work at the worst of the Great Depression in the 1930's during the Franklin Roosevelt(D) presidency when nearly all of today's social welfare programs ponzi schemes were first 'dreamed-up' and passed by a Democrat Party Congress. Most Americans, today, believe that if president Clinton were to tell the truth,he would admit that consumer prices for food, clothing, shelter, and gasoline are rising four times faster than his economists say they are. Most Americans believe that if president Clinton told them the truth, he would have to admit that the federal budget deficit is higher, not lower, than it was five years ago. And a plurality of the American people, nearly 7 in 10 say that if the president of the United States leveled with them, he would admit that there are fewer real jobs in the Clinton economy than there were when he entered the White House years ago. This wide chasm between the truth that the American people are living out and the rosy bedtime story that president Clinton is pushing on un-initiated listeners at his campaign stops helps explain the wary public mood wherever president Clinton stumps for his re-election this year. The economy is growing but its growth is so minuscule that only economists who also happen to have advanced degrees in statistics can show that anyone is theoretically benefiting.In real dollars and efficiency, Americans can't see the gains reflected in president Clinton's braggadocio. President Clinton's Nobel laureate economists have tragically underestimated the unemployment rate. In their partisan enthusiasm for Bill Clinton's re-election campaign, they have grossly overestimating gains in family income. The cloudy and confounded vision of the lives of the American people, the Clinton White House has embittered the American people and ruined their trust in their government. The White House economists advising president Clinton act on the arogant belief that most American's are ignorant and often exaggerate the economy's troubles for partisan reasons. Meanwhile, most Americans believe that Clinton's economists are always at work on a partisan 'spin' to conceal the real ecomomic condition of the nation and the inadaquate job the president is doing. The Washington Post reported on Sunday that the White House economist had found that only about 2% of those Americans randomly interviewed believed that the data showed, when told by economists, that the deficit had fallen under president Clinton. Or, that the number of full-time jobs had increased under president Clinton. Or, that unemployment and inflation are lower under president Clinton that than under president Bush. Americans were found to be pessimistic about the future, also, with only 1 in 4 expecting the standard of living for the average American to rise in a 2nd term if president Clinton is re-elected in November. Many Americans have come to suspect that government numbers are manipulated to hide the truth from the American people and to manipulate their voting behavior in election years. Honest economists will acknowledge that their data are incomplete or often flawed. At best, the economist's calculus cannot be reliably used for prediction. Yet, the over-zealous Clinton White House has attempted to use economic theory as a means of some sort of proof that he claims settles the point. Hardly, in view of the fact that the economic assumptions used by the president's Office of Management and Budget[OMB], and those replied upon by the Congress, in the Congressional Budget Office[CBO] are poles apart. To one, a reduction in growth is a mean-spirited 'cut', while to the other, a reduction in the rate of growth is a generous 'increase in benefits'. Meanhile, president Clinton cannot or will not relate to American taxpayers in the expected and appropriate role of a truth teller. And the people perish.