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

To: Srexley who wrote (587900)	7/5/2004 10:49:42 PM
From: tejek	Read Replies (1) \| Respond to of 769670

BTW facts don't lie like people do." But people use statistics (which are what you are referring to here I believe) to lie all the time. Both sides. I didn't check out your statistics, but home ownership are at record highs, which is hard to do if people are making less money. Home ownership has been at record highs since the 90s. It helps tremendously when you keep the prime down around 1 %. The truth of the matter is that 5.6% unemployment is pretty good really. There is no question that it is not horrible.....it could be much worse. Then again, it started from an unusually low level.......4% in the 90s. If it had started at unemployment averages that were more typical in the decades prior to the 90s, it would be up around 7%. Furthermore, that 5.6% masks a lot of underemployment. Many people have only part time work. As mortgage refinancing has slowed down, consumer spending has started to slip. 5.6% may be an unsustainable level where the unemployment rate worsens over the next year. As federal debt increases [and it is increasing thanks to Mr. Bush and the GOP], the feds will have to borrow more money and that typically causes interest rates to go up. As money becomes more expensive to borrow, businesses put off expansion. Less expansion means less jobs. Statistically better than the average unemployment of the '70s, '80s and '90s. I think better than the average of the Clinton years also.<?I> Maybe in the first years of the Clinton administration but not in the last 4. If you want to work, it is out there for you. America does not gaurauntee you a job. You have to work for those too. Just like the rest of life. Tell me something I don't know.