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I never have like the job numbers they put out.
For instance.
We created 2 million new jobs in December, well I want to know what those 2million made before and on their new jobs?
If the majority took loses then we should now about it. 2 million new jobs means nothing unless they can match or make more money then they did before.
52 consecutive months of job growth is "the worst job history since Hoover?"
The point was that the faux 52 months of job growth that you cite followed what had been the worst performance on job growth since Hoover. In September of 2003, despite two and a half years of population growth, fewer Americans were employed than when Bush took office. No one else since Hoover has been able to make a claim like that...
Right. And the current Bush economy has compared very favorably to the Clinton economy, even with Bush inheriting a recession, the 9/11 attacks and wasn't fortunate enough to be President during the Internet boom.
The Bush economy doesn't compare to the Clinton economy at all. The recession was Bush's creation from the get-go. Damage from the 9/11 attacks had been wrung out by December...after which you had only the stimulus of new jobs, new construction, and of course Bushie's favorite, gearing up for war. The internet boom continues to this day. The simple facts are that no President prior to Bush had ever inherited an economy in better shape. Seven years later and we look like a hollowed-out has-been on the world stage, while confronting persistent distortions, dislocations, and disfunction on the domestic front. It would be hard to fathom how anyone could have accomplished a more consistent record of destruction. Bush's legacy as Worst President in US History is secure. It will be based first on his disastrous war policies, but his record of unending failure and disgrace will be well buttressed as well by the sheer malfeasance inherent in his economic policies.
Not much of a criterion. Makes it seem like you know full well that the current employment picture is a bleak one, so you want to leave yourself room to grasp at straws.
Quote:
Originally Posted by Fleet
Try to figure out why I used "Hillary" and "tax hikes" in the same sentence.
I'm guessing it's because you think taxes will increase if Hillary is elected President. They will. Get used to the idea, because taxes will increase regardless of who is elected President.
Quote:
Originally Posted by Fleet
And tax cuts do help the economy... JFK knew it in the '60s, Reagan knew it in the '80s and G.W. Bush knows it in the 2000s.
Fiscal policy is an important tool. It helps to place that tool in the hands of a competent craftsman. Kennedy's tax cuts were an important part of the economic recovery of the early 60's. Reagan's tax cuts were, as predicted, a disaster. He got nowhere at all until he cancelled the final third of his tax-cut package in 1982, purged the silly supply-siders, and enacted tax increases in all of 1983, 1984, 1985, and 1986. The Bushie tax cuts have done tremendous damage to the economy, but unlike Reagan, Bush has not been man enough to recognize his own mistakes. It will be up to his successors to accomplish the now much needed repairs.
It's funny that you guys bicker over two sides of the same coin. What has really changed from one party to the next?
A lot. Quite a lot, and not much of it for the better.
Quote:
Originally Posted by Wild Style
Jobs are lost under both, things have gotten progressively worse under both. Bubbles were created under both's watch.
No, no, and there haven't been any bubbles. The word has been grossly misused in the popular press by partisans and by people who don't really know much about economics or economic history, but want to portray themselves as being insiders. Basically, if you come across someone seriously using the word bubble within the context of recent economic events, a little bell should go off indicating that there is every reason to suspect that this person does not know what he or she is talking about.
I'm not bickering. Just correcting inaccurate info and posting facts.
Meanwhile, my job is to point out the deceptions being attempted by the Minister of Disinformation. Fortunately for me, it isn't such a difficult task, what with the facts all being on my side and all... :-)
Regardless of the government provided inflation rates just consider what a gallon of milk or gasoline sold for in 2000 compared to now. The increase is a lot more than 3% compounded for 7 years.
Still waiting for the link to show the detail behind all these marvelous jobs that have supposedly replaced the 3.2 million manufacturing jobs lost under the Bush watch.
A lot. Quite a lot, and not much of it for the better.
No, no, and there haven't been any bubbles. The word has been grossly misused in the popular press by partisans and by people who don't really know much about economics or economic history, but want to portray themselves as being insiders. Basically, if you come across someone seriously using the word bubble within the context of recent economic events, a little bell should go off indicating that there is every reason to suspect that this person does not know what he or she is talking about.
Problem with that theory is, I have a degree in economics. we have had MANY bubbles, the first of which was in the late 90s by way of Mr. Alan Greenspan, then we have had two more subsequent bubbles.
As for the 2001 - 2003 recession, Bush inherited that mess. That started under Clinton, but the pied piper he is, people ran behind him like zombies without noticing the mess. 9/11 just exacerbated a situation which was already starting to get bad.
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