Why aren’t conservatives talking about the great economy today?
September 6th, 2010 | 
Author: Question by Louis G: Why aren’t conservatives talking about the great economy today?
After the Dow hit 13000 they all came out of the woodwork to talk about what a great job BUsh was doing with the economy… Despite the fact that a stock market index like the DOW is not an indicator of overall econommic health they touted thier success.
Now when the REAL economic information comes out, That being the GDP figures produced by the government Commerce Department, they fall silent?
The GDP growth figures released today are even weaker than we expected them to be. The economy is slowing.
“The Commerce Department reported that the U.S. gross domestic product grew 1.3 percent in the first quarter, its lowest level in four years. The figure was below the average economist forecast and down sharply from 2.5 percent in the previous quarter. The government data also showed that pricing pressures were rising — raising the concern that U.S. consumers may slow spending.”
http://biz.yahoo.com/ap/070427/wall_street.html?.v=20
Best answer:
Answer by anthonyinkc
We’ve never had a greaty economy under the Bush regime.
Bush destroyed the Federal surplus, and turned it into endless piles of debt. Last years deficit was 260 billion. It’s like using a credit card to pay for your bills. Terrible.
The GDP will continue to fall as long as the Bush regime is in power.
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been waiting six years to post that, huh?
You are full of Bush hate aren’t you. You are loathe to point to any success at all. You are probably benefiting from the great economy, and then don’t want to acknowledge it. If you think our economy sucks, why not move to a country with a ‘great’ economy.
it was weird when they were celebrating the Dow hitting 13000 like it was thanks to Bush. the stock market has been rising overall since 1929.
everyone fails to notice that while the stock market hit an all time high the value of the dollar hit an all time low versus the euro. why? deficit spending.
If you want to brag you need something to brag about.
Maybe they also realized that even going by the Dow, things aren’t that great. The Dow has risen 19% in 6 years under Bush, while it rose 223% during the Clinton years.
And contrary to what people said the other day when I pointed this out to them, the rise in the DOW under Clinton had nothing to do with the dot.com bubble, because dot.coms were not represented in the Dow Jones 30 Industrials.
Throughout American history, about every fifty years we have had a depression. Our last great depression was in the 1930′s and we haven’t had one since. If we have another one soon, I wouldn’t blame the president or anyone else. I would just say that is how the economy works in this country. I just hope we don’t become a dictatorship or get taken over if there is another depression.
“There you go again!!” You guys just can’t stand Good News!! That’s OK……..this not so rich Republican is quite happy these days!
Aside from it’s a holiday in Congress on Fridays… that DOW is I believe on a longer upswing than normal. Smaller investors are more confident with some daylight to the real estate mortgage concerns added to the slumps. I heard it is best to be cautious and buy larger company stocks like Google Ebay etc.
I am sure somebody will complain again soon. Monday after the weekend. Smart investors are watching not jumping in two feet.
In my opinion, I like hearing good news! Beats Don Imus and tabloid media news we get dumped on us now adays. Thank you.
I think the economy is the best it’s been in a long time, and it’s a solid economy too, not an “inflated” economy like the Clinton Administration gave us.
Can’t wait to see how Larry Kudlow (with his ‘the greatest story never told’ and the ‘Goldilocks economy’ BS) and Neil Cavuto try to gloss this one over.
A weak dollar and record borrowing = a ‘booming’ economy?
What kind of thinking is that?
What goes up, must come down.
I don’t watch the news or read news papers so I don’t know if they are or not.
I think Bush had very little to do with the good economy.
Tax cuts help get money into the productive people’s hands and government spending helps the fed expand the money supply.
I think the expansion of the money supply has more influence on the economy than any other outside force.
Most people are productive in spite of the government.
Gee my company has more work than we can staff. I have gotten a huge pay raise every year since 2001. Interest rates on my home is low and I am paying less taxes under Bush. I am delighted he is President. I cannot say I approve his handling of Iraq but on the economy is gets A++++.
I consider myself a conservative and I don’t think our economy is all that great. Looking at just the stockmarket is like looking at just your assets and forgetting the debt.
It’s an illusion to think we’re doing all that good. A select few might be……but at any given time the rug can be pulled and it ain’t gonna be pretty.
Because it’s not all that great,is it ?
Wow. I can’t believe the answers here.. …The economy has been great since Bush took office.
You have money in your pocket to spend any way you want.
Everynight all restaurants are full, that there is a waiting period to get in. You go shopping any day, any time of the day and all stores are busy with people wanting to spend their money on goods…
And the Dow is a very good indicator of how good things are.
Its a shame that all the nay sayers want to find fault with everything good in their own country. !! Traitors !!!!!
The economy is better than when BJ boy was in office and you can’t stand it.
The GDP grew from all of the Housing Booms financing repossessions coming due this month. It was at a rate of 40%, and that isn’t great for the Americans that fell into poverty and bankruptcy, just for the rich. The rest of the GDP is false inflated figures that if put up on a scale to Clinton’s economy show to be well lower by percentage rates. It isn’t real with the current deficit and loans from China and Russia on the books. Paul Wolfovitz should be in prison soon.