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the cons must keep hyping the “great” economy. Under President Clinton, the economy spoke for itself. Now, because the wealth is only increasing for the elite of the elite they need to put on a big dog and pony show to sell it to those of us in the middle class.
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Yes and we know Paul Krugman is an unbiased source that wouldn’t twist numbers around that he could call ‘true’ but would still fit his agenda.
Unemployment is at 4.6 percent. GDP grew at a rate of 5.6 percent for the first quarter of this year. Hourly compensation is up. Productivity is up. More people own homes now than ever before (I close on my first home next month!). Consumer spending continues to increase. We have a decreasing budget deficit, and lower tax rates.
But of course, only the super-rich can tell.
Savefarris: because they covered a press conference? I happen to remember the MSM all over every crackpot anti-Clinton press conference in existence.
Jay C: yet people clearly do not have the confidence in this income-disparity fueling economy as they did in Clinton’s economy where the rich got richer but so did the middle class. And we didn’t have a decreasing deficit, we had a surplus.
PS. Need proof on which team the MSM roots for? This should answer your question.
Or….
Under President Clinton, the media went out of their way to triumphantly proclaim “The Clinton Miracle”. Now, with similar results, the MSM says …. nothing. We wouldn’t have to do the MSM’s job if they would.
Jay C., I hate to rain on your Pollyanna parade but:
http://www.washingtonpost.com/wp-dyn/content/article/2006/06/02/AR2006060200121.html
Lower budget deficit?
http://www.chron.com/disp/story.mpl/editorial/4045907.html
You think it’s great now? Wait until future generations have to pay for Bush’s spending spree.
And foreclosures are on the rise! Whoopee! Let’s shake those dead beats out the market!
http://www.chattanoogan.com/articles/article_89017.asp
And surely you don’t expect us to believe that anything in the Clinton administration “spoke for itself.”
He had that War Room going 24/7, 365 for 8 years…
Oh. My. Goodness! How can you read that article and MISS THE FIRST SENTENCE?!??!!
This was a TPM affiliate (someone who’s pre-disposed to be looking for right-wing bias). And here they are saying that VPW and JW were literally basking in the adoring glow of fawning coverage.
When bad things happen to bad spenders, by Paul Malcolm.
I’m sure if the bank passed the losses onto the depositors in the form of higher fees or reduced interest, that would help the economy, right, frame?
Unemployment is at 4.6 percent. GDP grew at a rate of 5.6 percent for the first quarter of this year. Hourly compensation is up. Productivity is up. More people own homes now than ever before
The home ownership factoid is essentially meaningless since ‘more people have own homes’ is something that’s been true for every year since the end of WWII.
WRT unemployment and GDP, Jay Caruso holds one quarter’s number aloft as if this is some great feat.
Frank, bad spenders they may be, but they are your countrymen. If they should go from bad spenders to non-spenders, 66% of our economy disappears.
Frame, your foreclosure information doesn’t say who is being foreclosed on. Well, since I have some insight into that, let me let you in on a little secret: The bulk of it are people who bought investment property hoping to “flip it” quickly and got stuck because they got into the game too late.
Jay C: yet people clearly do not have the confidence in this income-disparity fueling economy as they did in Clinton s economy where the rich got richer but so did the middle class. And we didn t have a decreasing deficit, we had a surplus.
Oliver, people are tying high gas prices to “the economy” and as such, it reflects in the poll numbers. But it hasn’t stopped people from driving their cars. The vacation season this summer is one of the busiest on record. If the economy was doing so poorly, people wouldn’t be doing what they are doing.
The economy is doing good. Deal with already. I realize that the left is happier when things are bad, but you’ll have to live a good economy.
If they should go from bad spenders to non-spenders, 66% of our economy disappears.
If? If what?
People who go bankrupt don’t even lose their homes or their cars. Where have you been?
The home ownership factoid is essentially meaningless since more people have own homes is something that s been true for every year since the end of WWII.
If the economy were as horrible as Oliver and Frame claim it is, home ownership would not go up. Oh, unless of course it’s nothing but us rich Republicans buying more of our mansions.
WRT unemployment and GDP, Jay Caruso holds one quarter s number aloft as if this is some great feat.
I cited one quarter. But it’s been part of a long term trend dipshit.