Comments on: Bush Boom

By: bubbathedalefan

bubbathedalefan — Fri, 08 Oct 2004 17:05:30 +0000

Actually, from Sept. 12, 2001, and on, the rich WERE burying their money behind the cabana, and it isn’t until recently that they have started to loosen their purse strings. Just ask Mrs. Heinz-Kerry why her fingernails are so dirty.

By: Dummocrats.com

Dummocrats.com — Tue, 05 Oct 2004 12:30:07 +0000

Bush economy boom. (Alpha Patriot)

Bush economy boom. (Alpha Patriot)

By: Cosmo

Cosmo — Tue, 05 Oct 2004 11:20:55 +0000

Well, Adam, if you’re looking to add perspective, you’d have to view the U.S. economy’s performance — which has bested Europe’s economies since Sept 11th — in light of (and despite) the bursting of the 90′s stock market bubble, the massive corporate scandals which had accompanied the 90′s bubble, the impact and riple effects of September 11th, and the burdens of prosecuting of a global war.
Not bad — in fact, astonishing — to have a world-beating economy under these circumstances. Greenspan and Bush get credit for wise stewardship. But the American worker and the resiliance and resourcefulness of the U.S. economy really deserve the accolades.

By: Adam

Adam — Tue, 05 Oct 2004 09:34:38 +0000

I see your charts and I am reminded of this. Extend the graphs back a bit and you'll see that these last few years are some of the worst in recent years.

By: Tom Grey - Liberty Dad

Tom Grey - Liberty Dad — Tue, 05 Oct 2004 02:42:25 +0000

Doubly great news — for America, and also maybe as a policy prescription for the World Bank.
Even when the rich own more houses, they usually rent instead of live in them (maybe Kerry’s other 3 mansions are exceptions?); more housing to rent means lower rents. More houses to buy means lower house prices.
If the World Bank oriented ALL of its support to private home ownership in the developing world, especially Latin America for now, the world would be doing much better than it is.
The “regular” folk seldom have much more in assets than their house. House owners ARE middle class. The world needs more house owners.
Thanks for fine post.

By: Bob Smith

Bob Smith — Mon, 04 Oct 2004 23:14:33 +0000

Aaron,
It doesn’t matter who initially earns the income. It’s not as if the rich bury their cash in the backyard near the cabana. They either spend it, this is part of what is called the “trickle down effect,” or they invest it which in the minds of some is simply spending in another form or it goes into savings which allows banks to loan it to others. Loaning of money leads to the multiplier effect. An unmitigated good thing. So relax, go sit in the hot tub, have a little white wine and enjoy the good news.

By: triticale - the wheat / rye guy

triticale - the wheat / rye guy — Mon, 04 Oct 2004 21:37:36 +0000

M/T=N/E

I’m sure I skimped on the logical symbols up there, but what I’m trying to say is that map is to territory as numbers are to the economy. I’m not an economist, but I’ve spent a lot of time interacting…

By: Chuck Simmins

Chuck Simmins — Mon, 04 Oct 2004 20:50:55 +0000

More info: Weekly unemployment claims: http://blog.simmins.org/2004/09/unemployment-weekly-claims.html Comparative poverty rates: http://blog.simmins.org/2004/09/poverty-rate-update.html Poverty in America: http://blog.simmins.org/2004/08/poverty-in-america.html Black unemployment: http://blog.simmins.org/2004/09/black-unemployment.html

By: La Shawn Barber's Corner

La Shawn Barber's Corner — Mon, 04 Oct 2004 19:46:49 +0000

On Global Permission To Protect America And Other Idiotic Ideas

I’m not following the post-debate news because frankly, I don’t care. But I’ll assume the role of clearinghouse to keep those who’re interested in the latest developments informed. Bloggers, the big boys and others, are covering post-debate polls a…

By: Happy

Happy — Mon, 04 Oct 2004 19:29:42 +0000

You’re gonn get an instalanch….