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I have never called the Bush economy a "failure". I merely point out that republicans view the economic records of their own presidents with much more optimistic appraisals than they do the economic records of democratic presidents. The FACT is this: the economy during the Clinton administration was a job creating machine. It cranked out more jobs on average for eight solid years than Bush's best month ever.
the major job loss did not occur when ENRON et al collapsed, but after 9/11 which was unrelated. Eight years of real job growth cannot be written off by revisionist historical fiction about ponzi schemes.
your partisan petticoats are showing.
The good economic news keeps coming in and libs will be depressed
I wonder if libs still want to screw things up with tax increases?
Construction Hiring Boosts March Jobs Report: Economy Adds 180,000 Jobs, Unemployment Dips
Friday, April 06, 2007
WASHINGTON The U.S. economy added a stronger-than-expected 180,000 new jobs in March, largely because of a bounceback in construction hiring, and job growth was stronger in the two prior months than previously thought, the Labor Department said on Friday.
The intently awaited March employment report painted a stronger picture of the U.S. job market than anticipated and included a surprising decline in the unemployment rate to 4.4 percent from 4.5 percent in February.
It was the lowest monthly unemployment rate since last October, when it also was at 4.4 percent.
Wall Street analysts had forecast that a more modest 120,000 jobs would be created last month and that the unemployment rate would tick upward to 4.6 percent rather than decline.
The government also revised up its estimate for jobs created in January and February - by 16,000 each month - to 162,000 and 113,000 respectively.
It said that there were 56,000 construction jobs added in March, a striking turnaround from February when 61,000 of these jobs were lost, some of them possibly due to cold weather. In addition, there were twice as many new retail jobs added in March - 35,900 versus 17,400 in February.
The relatively strong jobs report may help counter some other recent signs of economic weakness like soft durable goods orders that had led financial market participants to speculate the Federal Reserve might have to consider reducing interest rates at some point this year.
http://www.foxnews.com/story/0,2933,264520,00.html
I wish I did.
The economy is rolling along, people are working, the economy is expanding, the Dow is surging, consumers are spending, and the Bush hating left is sulking
What more can you ask for on the economy?
It's not actually but never mind. I mean if we look at the Dow. I've always thought, what does it really mean? It has two-fifths of sfa to do with the real economy, the Dow is just a gambling index. Consumers are spending - yep - on credit. Meanwhile the house of cards on which consumer credit is built - the real estate market - is about to slide into the ocean (pick one, Atlantic, Pacific, doesn't matter). The left is watching the Bush White House imploding.
But I still want the US economy to succeed. So does China, which owns the US economy.
and how long have people been bellowing their doom and gloom message?
For about six years
So far they have been wrong everytime
I don't think it's that long. I hope they are very wrong.
I tell you though, if the US economy goes down the toilet because of economic mismanagement the world economy is going to be fucked. I want the US economy to be sturdy enough to outlast the current administration. Too many ordinary Americans would be badly hurt and ordinary folks around the world would be badly hurt. The super-wealthy can ride out any economic disaster, us average people can't. When I say "us" I mean people like me, ordinary working people.
The tax cuts have given us this great economy - now Dems want to repeal all of them - even the lowest wage earners
What is the link between tax cuts and the state of the economy?
When you allow people to keep more of their money they invest and spend it
It worked for JFK
It worked for Ronald Reagan
and it is working for Pres Bush
What do you think of the proposition that the people who get the biggest tax cuts don't actually spend the money they gain as windfall from lower tax rates?
Since the top 25% of earners pay 84% of all Federal income taxes - if their is a tax cut the people who pay the tax get the tax cut
These people spend and invest their money to make MORE money
When they make more money they pay more in taxes
Tax revenue to the US government is at record highs - due to tax cuts
Economists warn of perils of expiring tax cuts
By Patrice Hill
THE WASHINGTON TIMES
April 23, 2007
Congress will have to steer carefully to avoid a shock to the economy as it strives to balance the budget by allowing tax cuts to expire in the next few years, economists say.
The biggest danger is the alternative minimum tax (AMT), which this year is scheduled to cut deeply into the pocketbooks of as many as 23 million upper-middle-income taxpayers unless Congress extends tax relief.
President Bush's budget and the House and Senate spending plans rely on the expiration of AMT relief to achieve balance in the next five years. Mr. Bush's budget provides a one-year fix of the tax, costing $36 billion this year, while providing extensions of his own tax cuts that expire in 2011.
House and Senate leaders put a priority on maintaining AMT relief for the middle class, but their budgets require offsets under pay-as-you-go rules reinstated this year.
Economists warn that ending tax cuts abruptly can damage the economy, which has been weakened by the housing downturn and has slowed with the end of business investment deductions that Congress provided at the end of 2005.
Economists support lawmakers' goal of balancing the budget as baby boomers prepare to retire.
Federal Reserve Chairman Ben S. Bernanke emphasizes that this will require major trade-offs between taxes and spending. "Addressing the country's fiscal problems will take persistence and a willingness to make difficult choices," he has told Congress.
Republicans who favor low tax rates must recognize the need to increase spending cuts, he said, while Democrats who favor higher spending must realize that taxes must be raised and that the "adverse economic incentives associated with higher tax rates" could slow growth.
Economists expect congressional action to do little to set back the economy in the next few years, but some fear that a mishandling of expiring tax cuts combined with a collapsing housing market and imploding mortgage market would be damaging.
The Levy Economics Institute is worried about an economic jolt from expiration of the AMT relief. It estimates that by 2010, half of all taxpayers with incomes between $75,000 and $100,000 will be required to pay the tax unless Congress acts.
Institute President Dimitri B. Papadimitriou said the rising tax burden on the middle class could reverse consumer spending, especially when combined with rising energy prices, slow wage growth, slumping house prices and rapidly rising debt burdens.
"Debt-ridden consumers need tax relief," he said, noting that tax burdens are scheduled to rise at a much faster pace than incomes or economic growth. In the past, rapid growth taxes as a percentage of the economy has preceded recessions, he said.
http://www.washtimes.com/business/20070423-123951-5586r_page2.htm
