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

To: Bill who wrote (487539)	11/5/2003 3:00:43 PM
From: jackhach	Read Replies (2) \| Respond to of 769667

GDP = Grossly Distorted Picture The problem is that there is no long-term coherent economic plan that deals with peoples' real life struggles and an economy that is quite troubled. In the richest country in the world, more than 34.6 million people (including 12.1 million children) live below what the government says is the "poverty line." But, what about those who live just above the "poverty line" of $18,244 for a family of four? How does a family of four earning the enormous sum of, say, $25,000 clothe, feed, house and educate themselves? The unofficial unemployment rate of 6.1 percent does not tell us how many millions of people are employed in part-time jobs but who would gladly accept full-time work. More than 2.5 million manufacturing jobs have been lost since the current administration took office—56,000 disappeared in June alone. Those were good-paying jobs. In the richest country in the world, 43.6 million people do not have health insurance—more than 15 percent of our families, friends and neighbors have no protection for themselves when they fall ill. A record number of bankruptcies—an estimated 1.7 million—is forecast for 2003. The Center for American Progress nailed some other trends: declining consumer confidence, wage income down, a disastrous financial picture for the states, and a tax cut bill that will cost $550 billion in 2003. -JH

To: Bill who wrote (487539)	11/5/2003 3:05:12 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 769667

You said, Naz up 60% this year. Dow up 30%. I say, Recovery Or Snow Job? The CEO economy is doing better, but on Main Street the news is grim. Message 19468982 So when is Bush's staff going to come out and talk about how jobs are a lagging indicator again? Challenger Gray and Christmas don't think Snow's projections of 150K jobs/month can be achieved. 150K is nothing, that is barely attrition. We've got 4 million people severely underemployed, engineers working at starbucks etc. For laughs you should go hang out on one of the right wing threads, they were practially writing Bush's acceptance speech for another term when the 7% GDP figures came out. Anybody actually dealing with this economy on a day to day basis can see we have some severe issues here. Larry Kudlow has come up with a new number called "household employment" that he is using to explain why US workers are not competitive. THe Bush WH is in severe denial. (thanks to jackhach for this post)

To: Bill who wrote (487539)	11/6/2003 5:52:13 PM
From: American Spirit	Read Replies (3) \| Respond to of 769667

There was no Clinton recession, a right-wing myth. The recession started 5 months after Bush was elected. The markets dived in anticipation of his policies. See below for the proof. If Gore had been elected and the energy thieves had been caught and convicted, we might not have even had a recession. "The Labor Department (news - web sites)'s report on Thursday, though, said initial claims for state unemployment aid fell 43,000 to 348,000 in the week to Nov. 1 from a revised 391,000 the prior week. The unexpectedly steep tumble took claims to their lowest since late January 2001, two months before the recession."