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Post by felton2unc on Sept 3, 2004 11:27:54 GMT -5
and 144,000 new jobs in august alone
democrats want us to think that we will all be linin up at soup kitchens, when in fact we are in the greatest economic growth since the other side of 1980
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Post by felton2unc on Sept 3, 2004 14:34:07 GMT -5
i figured i wouldnt get a response
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SciFan
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Post by SciFan on Sept 3, 2004 14:43:33 GMT -5
yes, lets give a big thank you to Allan Greenspan and the rest of the Federal Reserve Board!!!! ;D
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Post by DeeCee on Sept 3, 2004 14:49:50 GMT -5
and 144,000 new jobs in august alone democrats want us to think that we will all be linin up at soup kitchens, when in fact we are in the greatest economic growth since the other side of 1980 What happened? Six new Wal-Marts opened up? |
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Post by txheel98 on Sept 3, 2004 14:56:46 GMT -5
Thank you SciFan fianlly someone gets the point of economics!!!
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Post by Poleon on Sept 3, 2004 15:01:17 GMT -5
I'm not so sure that Alan Greenspan isn't breathing a huge sigh of relief himself. Fed Policy took the discount rate so low that they had no place really to go. If the economy didn't start heating up pretty much on its own, they didn't have many tools left to use. -Poleon
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Post by txheel98 on Sept 3, 2004 15:09:16 GMT -5
Yes, then we would be in the same boat as Japan! Since the mid ninties, they lowered the interest rates to basically zero and still hard having a hard time getting their economy to recover. Of course they have more fundamental problems with their economy than just emplyment and GDP. They only other thing the FED could do would be to tinker with the required reserve ratio.
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Post by longknocker5 on Sept 3, 2004 15:10:19 GMT -5
why shouldnt Republicans take some credit, the Dems didnt seem to have a problem taking the credit for the good economy during the Clinton years
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Post by txheel98 on Sept 3, 2004 15:18:32 GMT -5
You should read the post on the RNC thread. I stated that I had a problem with any politician claiming they started the economy. Although deficit spending is sometimes called for Keynsian economics, it is best used as a last resort because it can lead to a bigger bubble requiring stricter restraints in the long run ala Bush's 1991 tax hike! That's what lost him the election in 1992. But what is more troubling this time is not deficit spending but the huge current account deficit (trade deficit) we are running as well. The rate of growth that both these numbers indicate are not sustainable in the long run.
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Post by BrewCityBuck on Sept 3, 2004 17:32:51 GMT -5
"The Tax Cuts are working"
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Post by felton2unc on Sept 4, 2004 2:00:50 GMT -5
you would have to believe that they have something to do with it, lower taxes allow business to take on more in payroll since they are saving money in taxes....
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ESPNSucks2k5
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Even I can make ESPN The Magazine!
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Post by ESPNSucks2k5 on Sept 6, 2004 16:24:33 GMT -5
I laughed when I got my Taxcut. With gas prices higher, everything higher it was like finding a kids wallet in a parkinglot. ;D
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Post by BrewCityBuck on Sept 6, 2004 16:29:43 GMT -5
I think our's was somewhere around $200.  |
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Post by tigerbait99 on Sept 6, 2004 16:44:24 GMT -5
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ESPNSucks2k5
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Even I can make ESPN The Magazine!
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Post by ESPNSucks2k5 on Sept 6, 2004 16:48:35 GMT -5
Their isn't enough oil in Alaska to make a big difference in our prices and the environmental risk's outweigh the small oil price change. Who and the hell said I was a Democrat? Because I mentioned Gas Prices? In Europe they pay over $5 a gallon, were just spoiled and used to low prices.
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