After Sept 11th, Most people thought the Economy was going to spiral downward for years. It did in the immediate aftermath of the attack, but has been on a steady rise since.
There are still naysayers, but a panic move of Tax increases, and more Govt Aid (although even W. did too much of that) and the Economy would not be anywhere near where it is.
Luckily he stuck with the Tax cuts.
There are still naysayers, but a panic move of Tax increases, and more Govt Aid (although even W. did too much of that) and the Economy would not be anywhere near where it is.
Luckily he stuck with the Tax cuts.
uppy:
Economy is in great shape if you look from the stock market angle.
In the real world- dollar at record low, foreclosures on the rise, trade deficit don't even ask, 2 billion a week wasted for useless war, energy prices soaring, retail sluggish, food prices rising. Aside from that, everything is great
In the real world- dollar at record low, foreclosures on the rise, trade deficit don't even ask, 2 billion a week wasted for useless war, energy prices soaring, retail sluggish, food prices rising. Aside from that, everything is great
Rob you say this everytime,its a weak argument.
Given the circumstances over the past 6 years or so this market SHOULD NOT be cruising along like this.The bond market is not signifying a huge inflation problem,the housing bubble is still deflating but there was never any pop.Subprimes effect a minimal % of the folks in the big picture and theres simply no way the "housing crisis" (dont forget these people put them selves in "crisis" for the most part) is going to zap this market or stop folks from spending their RISING "real" disposable income.Sorry.Look at rates,still extremely acceptable.The housing market certainly works in cycles (Id say were seeing the light at the end of the tunnel) and so does the valuation of the dollar.Lots of folks diversifying their reserves and its costing the dollar at this time.All things considered whoever inherits the next Administration should all be thanking this one for the economy theyll be fortunate to be policymakers of.I reckon the dollar and the housing market will both begin upswinging just in time to do away with the tax cuts in 2010.Then talk to me about the amount of cash in your bank acct.
Just for arguments sake ,who doesnt have a 401k or something? If you do then guess what,this market is about you too.If you dont, shame on you no wonder youre bitter.
Unemployment rates? Interest rates? Inflation rates (despite oil)?
Increasing tax revenues despite tax cuts? decreasing deficits?
Weak dollar not a bad thing, encourages us to buy American.
How do corporations make money again? could it be people are buying their products?
Does worldwide demand influence the price of oil?
Man, too man bottom line facts just don't reconcile with all your fears.
http://www.nytimes.com/2007/07/12/w...c7a0c9b32d9404&ei=5088&partner=rssnyt&emc=rss
KTV, bumped into this article today.
New estimates from the Treasury Department projected the deficit for this fiscal year, ending Sept. 30, at $205 billion, down from $248 billion last year and half the peak of $413 billion that it reached in 2004. Administration officials said the better number was due to stronger than expected personal paychecks, corporate earnings and capital gains.
The new figure was still above estimates of the Congressional Budget Office and some private firms, which have reported that the deficit could be in the range of $150 billion this year. The Treasury’s assumptions in projecting the deficit tend to be conservative, a practice that in the past has allowed Mr. Bush to claim that budget expectations have been surpassed.
KTV, bumped into this article today.
New estimates from the Treasury Department projected the deficit for this fiscal year, ending Sept. 30, at $205 billion, down from $248 billion last year and half the peak of $413 billion that it reached in 2004. Administration officials said the better number was due to stronger than expected personal paychecks, corporate earnings and capital gains.
The new figure was still above estimates of the Congressional Budget Office and some private firms, which have reported that the deficit could be in the range of $150 billion this year. The Treasury’s assumptions in projecting the deficit tend to be conservative, a practice that in the past has allowed Mr. Bush to claim that budget expectations have been surpassed.
I am a Liberal and I made a ton of money under Bubba's administration. I have also made a lot of dough in the last 3 month's especially on foreign oriented investments. I am a Capitalist Liberal. The only difference is that I now have more $$$$$ to donate to charity. We are all Capitalists. There might come a time when all the money in the world won't save you, it is not edible.
Do you think that all Americans are benefiting from the good economic news. Bush's War will always overshadow any positive results that this administration brings about. The MSM hates Bush, I don't know their complete reasoning. I think he is an incompetent moron but that is just me. I am almost to the point of feeling sorry for him but also apprehensive because we are all on his sinking ship. GL!
:nohead:
SF,
Lt. Dan
