Quote from Pa(b)st Prime:
Actually Bush's policies have been pretty decent for job growth.
As much as I lament the administrations love of a sinking dollar there's no doubt that domestic production has benefited from a more export friendly currency. No pun intended but getting American's to buy less from Asia is âjob one.â
Secondly, while the Bush budget deficits may have down the road implications (or might not-I sure don't see the Treasury market suffering)deficit spending is a Keynesian requirement for trickle down payroll growth. Just look at how government jobs keep expanding.
Certainly low taxes also help. If I were to give Uncle Sam an extra 10k a year in taxes there's no doubt I'd have to give up a fair amount of discretionary spending, i.e. car washes, meals out, services that put money into the pockets of low wage earners.
I realize when I get into ET debates I'm arguing with teenagers who possess a thimble of historical reference but the global economy would have gone into meltdown back in 2002 if not for many of these measures.
Quote from sg20:
Typical republican talks, the stats are total opposite of the Clinton administration, yet we had whopping $230 billions in surplus. Where do we stand now in the world as the US economy might is getting weaker? I'd sure love to have our manufacturing base back so that American doesnât have to go begging for jobsâ¦So much for a bunch of economist intellects yet nothing is done right to fix the current situation to get America back on track. Pretty lame as far as Iâm concern.
sg20
Quote from sg20:
Typical republican talks, the stats are total opposite of the Clinton administration, yet we had whopping $230 billions in surplus. Where do we stand now in the world as the US economy might is getting weaker? I'd sure love to have our manufacturing base back so that American doesnât have to go begging for jobsâ¦So much for a bunch of economist intellects yet nothing is done right to fix the current situation to get America back on track. Pretty lame as far as Iâm concern.
sg20
Quote from Arnie:
All that means is the government collected more tax dollars than they needed. That's not a good policy. That $230B would have been way more productive if it was in the private sector. Ideally, the govt should not run a surplus or a deficit.
Quote from Intelinvestor:
buy more expensive BMWs from Europe is âjob three"?
Quote from Pa(b)st Prime:
FYI: Clinton was into his second term before unemployment moved below 5%.
At the end of 2000 the avg hourly wage was $14.01 today it's close to $18 an hour.
Quote from limitdown:
when?
is there a reference or public document link you can attach?