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Economic Instability? are you kidding me?

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hendrik.
Posts: 6715 - Karma: 267
So the Democrats have been going on about how the Economy is shitty right now..
Don't believe every negative thing the Democrats and the media are trying to tell you. Our economy is doing just fine. Here are just a few examples of recent economic progress:

• Gasoline is cheaper than it was before Hurricane Katrina slammed into New Orleans. Consumer confidence jumped last month and new home sales hit a record. The stock market has been rising. Even the nation's beleaguered factories appear to be headed for a happy holiday season.
• Oil prices briefly slipped to their lowest level in 5 ½ months
• Annual growth in the third quarter exceeded previous government expectations at a rate of 4.3%
• While GM and Merck have announced upcoming job layoffs, the economy is still creating jobs, having averaged about 200,000 new jobs a month for the first seven months of 2005
• Ken Mayland, president of ClearView Economics ,stated: "The fact that we added a 10th quarter of above-average growth amidst the hurricane devastation and the highest energy prices ever recorded is awesome."

Bottom line, Democrats have no room to talk about economic instability under the Bush Administration. We will most likely continue to hear a repetition of attacks concerning the Iraqi war, which have proven ineffective and fail to assist our armed forces in their progress.
Dec 1 2005 12:15PM
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(Jonesy)
Posts: 2594 - Karma: 20
jesus christ. please no. not another one of these threads. 99.9% of the time they prove completely ineffective. there's only a handful of people on this site that can make a good argument.
Dec 1 2005 12:30PM
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hendrik.
Posts: 6715 - Karma: 267
well, to me its worth doing this to see the argument of the .1 percent that knows their shit
Dec 1 2005 1:00PM
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back_woods
Posts: 1579 - Karma: 10
im not too up one u.s. economics, but youll notice that all these things are recent improvements, e.g. little upturns within the past few months/this year. a lot of people are complaining because the current admisinistration has cuase and economic downslide for the past 5 (?) years, so a little upturn now isnt going to fix all the downslide from before. and those are pretty scattered indicators.
Dec 1 2005 1:07PM
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Logchucker
Posts: 1508 - Karma: 16
OK I actually agree that the economy is not unstab;e but one cannot look at Job growth so simply. There has been a mass movemnt of money in Louisiana spent rebuilding Lousiana and Missisppi. THis creates positive benefits to the economy, yet the destruction is not taken into acocunt as a negative, so of course we will grow, because we must re-build what existed before hurricanes. This employs many people as well.

Now as point to stability, the stock market is still volatile but has shown and upward tredn for the past couple quarters. The fed has finally stopped raising interest rates, giving us time to see interest rate stabilization for a short period of time. Also an oil shock really did not hinder economic growth from pre shock estimatees, showing a fair reilience within the economy

Unstability points. We are at War, and therfore are diverting resources that way, which will require either decrease in other government spending, or increase taxes, which along with the hurricane has not really been adressed. Also we have a new Fed chairmen taking over for my boy greenspan, with different ideas on inflationary controls and money supply, though still he is not a neo-Keynesian. So investors may wait to feel him out. Also we have a few major industries in whit, like automobiles and airlines, and there crash could disrupt economic growth over the entire economy
Dec 1 2005 1:08PM
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pmills
Posts: 7162 - Karma: 59
Do you have any idea how awful our financial position is now?

under the current administration we've borrowed more money in the last 5 years than we've ever borrowed more money than in all the years prior, combined.

( http://www.cnsnews.com/ViewNation.asp?Page%3d%255CNation%255Carchive%255C200511/NAT20051104b.html )

we'll be paying this for the next decade or two.

9 billion dollars are missing from the war in iraq. we handed out dufflebags of cash from tractor trailers

(http://www.node707.com/archives/003159.shtml)

think of the control china has over our trade and currency now.

you pretend like all is fine, i'm going to be living in the real world. we've got huge problems to deal with here. I'm sure with time you will finally see what has happened, although by then it will probably be too late.
Dec 1 2005 1:23PM
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Ski_Unit_19
Posts: 8188 - Karma: 38
if i may make a immature point....poopie
Dec 1 2005 1:25PM
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Logchucker
Posts: 1508 - Karma: 16
All right well Here is a fact the US runs a national debt of approximatley 30% of GDP Still. We think this is terrible. And yet the Oh so great Japan runs at 150% of GDP and Chin at 67% of GDP. (this china figure is unofficial). Every country has an issue that they believe will cause them to go down, and yes it must be watched, but one will se how much it truly does effect them
Dec 1 2005 1:28PM
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MitchPee
Posts: 8871 - Karma: 1,509
Tweaks...you are 100% right we are making progress but there is one problem. Our economy is pretty shitty right now and there is NO denying it. Sure oil prices are coming down, because they have to come down sometime. They were just recently at the highest they have ever been for crude barreled oil. Now don't go calling me a bush-hater. Yeah, I'm not a big fan of him, but he doesn't control the economy. If you ask any legit economist out there they will tell you we are on verge of recession.


Anyway, just to get this topic flowin...

I think we should get rid of social security.
Dec 1 2005 1:32PM
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SchweitzerSki
Posts: 4479 - Karma: 11
i agree 100%
Dec 1 2005 1:32PM
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Logchucker
Posts: 1508 - Karma: 16
Most my profs seem to think we are coming out again, I think honestly we can argue this point better after the holiday season when the spending reports come in
Dec 1 2005 1:33PM
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skisebski
Posts: 5970 - Karma: 21
fuck republicans.
Dec 1 2005 1:39PM
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prophet
Posts: 4734 - Karma: 1,007
humoungous deficit.

politics and economics dont have all that much to do with each other. ie. clinton had shit all to do with the bubble he got to be president over so... 350 billion dollar tax cut? didnt do shit? ridiculous waste of money on iraq?

the only real economic news is bernake replacing greenspan.
Dec 1 2005 2:14PM
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hendrik.
Posts: 6715 - Karma: 267
I don't. Its the one piece of the New Deal that everyone is eligible for. And without Social Security, what is going to happen to all the people who are about to retire? they'll be fucked! (we're talking blue collar here...)
Dec 1 2005 2:47PM
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snowbladesforlife
Posts: 2033 - Karma: -3
It is good now because Bush is using short term fixes for long term problems that will come back to bite us. Running large deficets and giving refunds is good for the economy right now, but will fuck us over in the long run.
Dec 1 2005 3:10PM
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MattMcGinnis
Posts: 2396 - Karma: 73
ill be honest, i only read the first line or so. the reason is that i fail to see how you can have a legit arguement if your first fact is wrong. the gas prices are not down because of our economy doing well, they are down because the gas companies were threatened to be taken to court for inflating thei prices so the supreme court said if they lower prices then they will drop charges. bam, the gas prices drop so the rich gasoline company owners cant gouge us as much anymore. for a while at least.
Dec 1 2005 3:38PM
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bermbuster49
Posts: 7445 - Karma: 90
yeah really, can someone tell me how the economy is totally bush's responsibility? hes got a lot of shit to deal with, and when you think of how big our economy is, theres no way one person could hold responsibility for it. tweaks your right, thanks for putting that out there...and for the record, i cant wait till we have a democratic president, just so when they fuck up terribly, i can point, laugh, and then point everything out to them that they fucked up with, along with a slur of insults of coarse.
Dec 1 2005 3:51PM
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MitchPee
Posts: 8871 - Karma: 1,509
there is one person...Allan Greenspan

No Bush does not determine the economy
Dec 1 2005 3:53PM
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Wafflez
Posts: 388 - Karma: 10
the only problem with social security is that the government takes money out of here to repay their debt. so they can tell us at the end of the year were only so far in debt when actually their just stealing money from ss.
Dec 1 2005 3:54PM
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MitchPee
Posts: 8871 - Karma: 1,509
No not really they aren't stealing it. They invest money from SS and make interest off it. Then they take and spend the interest. So you see they aren't stealing it, just profiting off it. I think it's a good thing.
Dec 1 2005 3:56PM
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STAUSS
Posts: 8232 - Karma: 3,311
Fuck George bush and his war. Him and DICK are the only people in the country who still agree with it. i dont care how the economy is, we are still being headed by fuckin dousche bags.
Dec 1 2005 4:00PM
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twintipteles
Posts: 2954 - Karma: 13
i'm not even going to touch on our current economic situation, but heres another concept:
most of your points had to do with oil prices, and while low oil prices are good now, oil production vs supply will peak within the next ten years, and we are facing the possibility of a huge, global economic crash. Think of how dependant upon oil our entire economy is, and prices are set to skyrocket. With billions of people in third world countries ready to industrialize, oil demand will shoot up exponentially. So basically, the higher oil prices are right now, the better situation we will be in in 20 years, because high oil prices will give a true financial perogative for efficiency, something that is currently almost nonexistent. also, high prices will slow the rampant development of industrializing countries, and vastly decrease the size of the impending oil supply problem.
Dec 1 2005 4:28PM
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prophet
Posts: 4734 - Karma: 1,007
you do realize its not really there anymore... its mostly spent... so take control of your future! invest in a 401k today!
Dec 1 2005 6:34PM
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