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Haggis,

It doesn't take an economist to figure out that what happens with the economy in a President's first term is usually the result of his predecessor's actions, especially in the first two years of the first term. The last two years the economy has been steadily improving. So faced with the facts are you going to give Bush the credit he deserves?

I doubt you will because people like you, who think the President influences the economy much more than he really does, struggle with distinguishing where credit and blame for the economy belong.

I'm trying to figure out exactly how we lost jobs when we have more people employed right now than have ever been in the workforce. Is this the new math or am I missing something? <img src="/ubbthreads/images/graemlins/confused.gif" alt="" />

badger

Haggis
There is an excellent book called "Secrets of The Temple." A mainstream, NY and LA Times bestseller listed non-fiction work... it is a now somewhat dated piece on how the Federal Reserve operates, what it does and who owns it. It is emphatically not the black helicopter version.

Read that or learn something about US economics before you go placing much in the way of blame (or credit) on any president when it comes to the economy...
art

What do you call 10,000 libreals heading . . . . ?

Please keep your liberals where they are. We have more than we can handle here. We even have something called the New Democratic Party, which is just state socialism, read communism. We don't want Kerry! At least Bush has some experience.

Actually, I have been thinking about heading south. Like maybe Texas - the only state where homocide is justifiable on the grounds of - he desperately needed killing. Maybe that is where Dubya got his drive.

By the way, unlike many Canadians, I am for a strong US military presence in the world. Keeps me safe, without my taxes going up. I just wish we could keep some of our good softwood lumber here, and send some of our premium cattle to you. Been eating Canadian beef for years, and never got mad at any of the cows.

A saying including the words "bad rubbish" comes to mind.

'what happens with the economy in a President's first term is usually the result of his predecessor's actions,"

"people like you, who think the President influences the economy much more than he really does"

Are we trying to have it both ways?

Haggis, maybe you dont have a 401K, I do, and I can tell you it went in the toilet the last year of Clinton, and about the first 1.5 years of Bush, it has been doing very well for the last two years. That is my measurement. But I also remember the democrats misery index that they used. Seems they elected to create a different measurement for Bush, because, based on their own misery index, Bush's economy was doing very well.

Now, let's get to a more realistic level here please. Dont you remember the 9-11 attack, care to venture how that negativly impacted our economy? Care to learn just what we did loose from the taking down of the two world trade center buildings? It's in the billions.......... A terrorist war, etc, and the economy, only an idiot would believe Bush hasnt done an admirable job during this very tough period in our history. What you are doing is negative arm chair quarterbacking. The majority of Americans think he is doing a good job, worthy of re election, and guess what, morals did count.

Augie Dog,

I read recently that the 9-11 attack cost our economy $500,000,000,000. That's 1/2 trillion buckaroos.

I don't see why we can't take that much oil from Iraq.

The trick on getting the economy to grow the last few years has been done at the expense of your individual wealth. It's simple, the US govt since shortly after 9/11 has allowed with no intervention your currency to fall by about 25% in relation to others araound the world. Our govt tried this to make our exprts more attractive and the result was a Cn $ that declined over a 10 year period from about 80 cents to 64cents US. In the last two years the value of the US greenback has declined against all major currencies in the world. Ask JJhack what effect this has on the price of his hunts which he quotes in US dollars but all his expenses are in South African Rand. People tend to think the Rand has gone up, but it is more the US dallar has gone down. This is a little more transparent in the US than it is here because your economy is less dependant on foreign trade and your normal citizens don't notice, but in "real dollars or euro's or pounds" the value of all your possesions including IRA and 401K accounts have declined significantly. The jury is out on whether this is a good thing for your economy longterm or not. In Canada it provided a crutch for inefficient business's to survive, many of which are now really struggling with our currency so much stronger.
To the comment how can more people be working yet the economy losing jobs Unemployment rates are very fluid and can be measured in several ways. When I took economics courses we debated this very thing at great length. Unemplyment rates published by the US govt and the Cdn govt differ to the point that 7% in Canada is the same thing as about 5% in the US. It has a lot to do with the way people who aren't actively seeking work are counted and how parttimre employment is counted.
One thing I can tell you is big deficits really cut your Government's margin for error if they need to stimulate the economy.

Martin
Actually, I believe the Canadian unemployment rate is reversed from what you said, relative to the US rate. In the US, the military and many other civil service type jobs are NOT counted at all...
art

I for one would love to know just how does a president create a job!!!! We, as small business owners create jobs, not politicians. The only job a president could legitimately create would be a job that our goverment supports, or should I say our tax dollars. As far as I am concerned, If that's what he "didn't create", I'm quite happy about it.

Any small business owner who doesn't vote Republican these days is either ignorant of politics, or an idiot, possibly a combination of both.

Bush's tax incentive programs and new heatlh care iniatives have dropped our tax burdens, health care costs, and allowed us to expand our business by expanding right-offs on new equipment. I can't have the equipment, unless I folks who are here to run it........That my liberal friend, is creating jobs. <img src="/ubbthreads/images/graemlins/wink.gif" alt="" />

I have been a Provincial and Federal government employee, a union and non-union private sector employee, a small business owner and a supervisor-manager in government, large business and small business. I totally agree with about those comments, we need BETTER government in those few areas where government actually belongs-on both sides of the 49th-and far less government interference in private enterprise. Since WWII, government has grown like a vile tumour in both Canada and the USA and the average Yank or Canuck is worse off because of it, period!