Quote:
Originally posted by Zamunda
In his address last night our illustrius president made sweeping remarks about his administration's pro-growth economy... which has lost 2.5 million jobs. Maybe no one was listening to the numbers he quoted when they applauded (like a letter from a two year old) but he said his now job initiaitive has opened up 1000 new jobs... less than 1% of the 120,000 promised. While it is true that his tax cuts have begun refueling the economy.. allowing we citizens to drive it forward (in an SUV), many lower income citizens are still suffering and haven't really been helped at all by his reforms. Perhaps its just me, but I don't think Bush's economic strategy deserves such high prasie.
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Jobs are only one small piece of the economic puzzle. Productivity has been growing substantially over the last decade. Increases in productivity mean fewer people required to do the same job/meet the same production demands than in previous years. Low interest rates, low inflation, strong GDP growth, high home values, strong consumer confidence, strong consumer spending, and a healthy stock market are obviously signs of a very healthy economy.