Comments on So Bush has wrecked the ecomony???

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Gee Flogger
You talk about GNP averages as if 9-11 never happened... it could have wrecked outr economy completely.....but our tax cuts prevented that collapse........the recovery after what happened to this country is remarkable.......but you'd never admit it....and I do understand.  Believe me, I do understand where your coming from.......

posted by Corbin_Dallas on May 4, 2006 at 9:44 AM | link to this | reply

"Proponents of lower taxes need to realize that federal spending has to be controlled

The proponants of lower taxes are doing just fine......unfortunately both parties in the Congress have had the spendies.....Federal income has increased as a result of the cuts........but we've been gorging ourselves on pork....

Prove that fact wrong.......

posted by Corbin_Dallas on May 4, 2006 at 9:39 AM | link to this | reply

Corbin - Fed Reserve Chairman Ben Bernanke doesn't agree with you

NEED TO CUT SPENDING: Federal Reserve Chairman Ben Bernanke, THE fiscal expert for the government , told Congress last Thursday, "Proponents of lower taxes need to realize that federal spending has to be controlled while advocates of bigger government have to consider that taxes would need to be higher."

 

WAGE GROWTH IS LOW:  Bernanke said it was "puzzling" that wage growth had not caught up with a boom in productivity in the U.S. economy. He added that higher wages may not necessarily be inflationary and that he hoped to see higher real wage growth in the future.

 

For full story on Bernanke’s statements to Congress

 

posted by blogflogger on May 4, 2006 at 8:28 AM | link to this | reply

Corbin - How good? Avg GDP growth 1992 - 2000 = 3.7 2001 - 2006 = 2.5

From the Bureau of Economic Analysis is an agency of the U.S. Department of Commerce

Gross Domestic Product

04/28/06

 

Percent change from preceding period

 

 

 

 

 

 

 

 

 

 

 

Annual

 

Quarterly

 

 

 

 

 

 

          (Seasonally adjusted annual rates)

 

 

 

 

 

 

 

 

 

 

 

 

GDP percent change based on current dollars

GDP percent change based on chained 2000 dollars

 

 

GDP percent change based on current dollars

GDP percent change based on chained 2000 dollars

 

 

 

 

 

 

 

 

 

 

 

1993

5.0

2.7

 

1963q1

6.3

5.3

 

1994

6.2

4.0

 

1963q2

5.9

5.1

 

 

1995

4.6

2.5

 

1963q3

8.6

7.7

 

 

1996

5.7

3.7

 

1963q4

6.3

3.1

 

 

1997

6.2

4.5

 

1964q1

10.6

9.3

 

 

1998

5.3

4.2

 

1964q2

5.8

4.7

 

 

1999

6.0

4.5

 

1964q3

7.2

5.6

 

 

2000

5.9

3.7

 

1964q4

3.1

1.1

 

Avg. 3.7

2001

3.2

0.8

 

1965q1

12.4

10.2

Bush

 

2002

3.4

1.6

 

1965q2

7.4

5.5

 

 

2003

4.8

2.7

 

1965q3

10.0

8.4

 

 

2004

7.0

4.2

 

1965q4

12.9

10.0

 

 

2005

6.4

3.5

 

1966q1

13.1

10.1

 

Avg. 2.5

 

posted by blogflogger on May 4, 2006 at 8:11 AM | link to this | reply

oh yes

how come state college tuition is increasing so damn much -- if there were money in the govt coffers, we'd see it right?

right?

if its there, how can we see the results?

posted by Xeno-x on May 3, 2006 at 2:24 PM | link to this | reply

one

how come the national debt is at record levels and increasing yearly

and

two

the new jobs all come from either military or government funding.

posted by Xeno-x on May 3, 2006 at 2:23 PM | link to this | reply

Corbin - I must admit I'm doing better than ever ...
however, what concerns me is all these CONSERVATIVE economic advisors who keep predicting our economy is going to crash because we as a nation make too much money and spend it all (compared to say China or India). Also, while federal taxes have decreased, it seems to me that state and local governments have more than taken up the slack.

posted by fwmystic on May 3, 2006 at 10:08 AM | link to this | reply

Our economy is robust!
The left can't give the Republican controlled Congress or the President any credit for any of that. They need things to be bad for them to do well. They want to see our great land mired in bad things.

posted by sarooster on May 3, 2006 at 5:32 AM | link to this | reply