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

To: Lizzie Tudor who wrote (516420)	12/27/2003 8:52:28 PM
From: TideGlider	Respond to of 769670

Bush does not incite optimism in CEOs or corporate leaders for the US. They feel no need to add to their infrastructure in the US. Bush creates a climate of fear.<<< If that truly is the case and I disagree, but if it were, you would only have a year to bear it and he would be gone. Your fear of his re-election states much in regard to your belief that he has bred fear and corporations lost optimism due to him. I think you are talking about the corporate BS they used to spread...sell stock and bonds...great growth. Sure they could hire and pay lots of money. On closer inspection many of these corporations were frauds and many more had to extend their earnings releases and make restatement after restatement. In short they were crooked and the least of them were cutting corners. It was a bubble doomed to failure. It damned near took the country with it.

To: Lizzie Tudor who wrote (516420)	12/27/2003 9:03:40 PM
From: Oeconomicus	Respond to of 769670

Bad news, dizzie. The economy began contracting before Bush was even elected and was contracting when he was inaugurated. The recession ended right after 9/11 and growth has accelerated over the last four quarters. Of course, the market's been telling you that since last spring, but you've been hiding in your spider hole of denial. BTW, Clinton's last year in office saw the economy grow 2.24%. Since Bush took office, it has grown at an average rate of 2.18% p.a., including a recession inherited from Clinton. Quarterly Real GDP Growth (annualized change from prior quarter) 2000q1 1.0% 2000q2 6.4% 2000q3 -0.5% 2000q4 2.1% 2001q1 -0.2% 2001q2 -0.6% 2001q3 -1.3% 2001q4 2% 2002q1 4.7% 2002q2 1.9% 2002q3 3.4% 2002q4 1.3% 2003q1 2% 2003q2 3.1% 2003q3 8.2% bea.doc.gov