Proof That The Bush Economy Is Even Great For Dems

[Conan71]

quote:Originally posted by YoungTulsan

quote:Originally posted by aoxamaxoa

I think it will be the next President who must deal with the unbalanced allocation of funds towards a war with very little return on the investment.

All the war is doing is creating consumption of materials and services that in turn sends profits over to some big American businesses.  This isn't neccesarily bad for the business world.  From a moral standpoint, you might wonder if things are being dragged along in Iraq because some companies are making money.  But from any kind of "economic index" this looks great for our economy.  The stock market isn't so much of a telltale of how the economy is doing, or how well the average person is off, but in how well corporate profits are looking to the investment crowd.

It's funny, look at a 5 year chart of the Dow Jones.  The lowest point appears to be very close to March 19th, 2003....

No one loves war quite like defense contractors.[]

[snopes]

quote:Originally posted by iplaw

You may as well stop talking after making this comment:

quote:
Not too many people feel confident about our current economy.

Anything you say past this comment should be flushed once for the bulk and again for the remainder.

I'm doin' it for the young people!

[snopes]

"The stock market isn't so much of a telltale of how the economy is doing, or how well the average person is off, but in how well corporate profits are looking to the investment crowd."

So true.

[aoxamaxoa]

"IN TWO WEEKS, Election Day will render George W. Bush a lame-duck president, and he can begin thinking about his presidential library."

"http://www.boston.com/news/globe/editorial_opinion/oped/articles/2006/10/21/bush_on_display/

"Imagine what an honest rendition of that library might look like."Such libraries typically begin with the early career -- in this case The Foggy Years, the heroic service in the Air National Guard, and the falling upward economically. A gallery could commemorate all the Texas businessmen who helped young George turn business blunders into windfalls."

"Falling upward economy"....like that phrase.

[papaspot]

"IN TWO WEEKS, Election Day will render George W. Bush a lame-duck president, and he can begin thinking about his presidential library."

From the George W. Bush Presidential Library:



And lest the Bush Apologists be miffed at not having equal time, this one is from the William J. Clinton Presidential Library:

[rwarn17588]

I know which volume I'd rather read. []

[papaspot]

quote:Originally posted by rwarn17588

I know which volume I'd rather read. []

True. Very true. [}:)]

[shadows]

The Roman Empire even by mixing lead with its gold did not accomplish an economy equal to ours.   We are importing for the retail market from foreign suppliers, on credit to where we retail at a profit.   We are the world greatest debtor.   We buy today and don’t have to pay for it in the months and years ahead.  The foreign countries are buying our lands through the stock market and in the future they will merger these corporations to foreign ownerships. The inflation is eroding the children’s future.  Increasing interest rates will be debt passed on to the children.   We are in a war time economy trying to remove the mid-east like Rome did Carthage.  Our economy is tied with a chain to the plastic card.   It is liken a hot air balloon as long as the bottle has propane.        

[YoungTulsan]

quote:Originally posted by shadows

The Roman Empire even by mixing lead with its gold did not accomplish an economy equal to ours.   We are importing for the retail market from foreign suppliers, on credit to where we retail at a profit.   We are the world greatest debtor.   We buy today and don’t have to pay for it in the months and years ahead.  The foreign countries are buying our lands through the stock market and in the future they will merger these corporations to foreign ownerships. The inflation is eroding the children’s future.  Increasing interest rates will be debt passed on to the children.   We are in a war time economy trying to remove the mid-east like Rome did Carthage.  Our economy is tied with a chain to the plastic card.   It is liken a hot air balloon as long as the bottle has propane.        

Another way I look at it is that our economy feeds on growth.  There is seemingly always exponential future growth in this country that we capitalize on, borrow from, etc. because for as long as this country has been a superpower it has always been growing at a fast pace.  I'm worried about what kind of collapse might happen if we hit some sort of "critical mass" where there becomes a need to become self-sustaining.   Right now, switching to a self-sustaining economy instead of one feeding off of growth would be the end of us.  Maybe that is why Republicans keep telling environmentalists "Hey, shut up!"

[iplaw]

quote:Originally posted by shadows

The Roman Empire even by mixing lead with its gold did not accomplish an economy equal to ours.   We are importing for the retail market from foreign suppliers, on credit to where we retail at a profit.   We are the world greatest debtor.   We buy today and don’t have to pay for it in the months and years ahead.  The foreign countries are buying our lands through the stock market and in the future they will merger these corporations to foreign ownerships. The inflation is eroding the children’s future.  Increasing interest rates will be debt passed on to the children.   We are in a war time economy trying to remove the mid-east like Rome did Carthage.  Our economy is tied with a chain to the plastic card.   It is liken a hot air balloon as long as the bottle has propane.        

I'd be curious as to how you are comparing the two; such distinct systems.  The biggest problem with you analysis is that you are conflating personal finance with federalized financal policy.  I agree with you that personal debt is not good for either the individual or the society, but that cannot be superimposed onto the other system.

We may be the world's biggest debtor, but we create a supermajority of the world's food, medicine and aid.  Most of the major institutions of the world are funded by the US: the UN, IMF, NATO.  Without the US none of these entities would exist or have operating budgets.  If the US simply quit funding these worldwide needs it would be a moot point.

As for the comment about the mid-east.  Comparing the war on terror to the punic wars...please.  The Roman empire was trying to expand it's territory, plain and simple.  You cannot equate the two.  Carthage was the center of a world dominant power and Rome's aim was to BE that world power.

Bottom line: We are already the world's only superpower, there is no struggle for land, just ideologies.  There are better analogies.

[aoxamaxoa]

"Bottom line: We are already the world's only superpower, there is no struggle for land, just ideologies. There are better analogies."

This is momentarily true....

[papaspot]

quote:Originally posted by iplaw

We may be the world's biggest debtor, but we create a supermajority of the world's food, medicine and aid. Most of the major institutions of the world are funded by the US: the UN, IMF, NATO. Without the US none of these entities would exist or have operating budgets. If the US simply quit funding these worldwide needs it would be a moot point.

Let's see...how many years in a row did the U.S. refuse to pay it's UN dues? And yet it survived and continued working.

[iplaw]

Define "working."  

As a matter of fact, more than 50% of member states are delinquent on their dues.  The UN can't even collect it's dues..damn that's "working" for ya.

[Conan71]

quote:Originally posted by papaspot

"IN TWO WEEKS, Election Day will render George W. Bush a lame-duck president, and he can begin thinking about his presidential library."

From the George W. Bush Presidential Library:



And lest the Bush Apologists be miffed at not having equal time, this one is from the William J. Clinton Presidential Library:

That settles it, I'm goin' to Little Rock!  I wonder if they sell Lewinski's in the gift shop?

[iplaw]

Would a Lewinski be a slightly "pre owned" cigar?