Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Lizzie Tudor who wrote (517183)	12/30/2003 10:44:18 AM
From: Bill	Read Replies (1) \| Respond to of 769670

Bush inherited a recession and 911. Carter inherited a growing economy.

To: Lizzie Tudor who wrote (517183)	12/30/2003 12:47:24 PM
From: Original Mad Dog	Read Replies (1) \| Respond to of 769670

Carter didn't have that advantage of a strong economy and budget going in. I am no expert on Carter but the 70s Come on. Neither did Bush. The economy slipped into recession during the third quarter of 2000. The Nasdaq composite went from 5100 in March 2000 to under 3000 BEFORE Bush took office. Job losses lagged that growth and equity slowdown, as they always do (you could look it up but you are too lazy to do that). You're no expert on much of anything that you write about around here. Earlier today you criticized Bush for inciting stagflation. Under Carter, stagflation reached its apex with a misery index (inflation plus unemployment) of over 20. Under Bush, inflation is at the lowest point of your lifetime (yes, not nearly the lowest, but the absolute lowest). Unemployment, at 5.9 percent currently, is lower than it has been in almost 60 percent of the months since the mid-1970's. Yes, lower. Not "worst ever", as you are so fond of saying, but lower. You can deny the statistics are accurate (though curiously you did not deny their accuracy when they favored Democrats). But that's what they show.