I've heard it enough and starting to get sick of it...

[Jadem Cog]

I've heard it time and again from DemoncRats and Liebirals about how the economy has been in a slump, people losing jobs, stock value going down... ever since Bush took office.

But can someone explain what President Bush can DIRECTLY do HIMSELF to help the economy?

[Simply Emo]

Here is where I stand being a not so much supporter of Georgie, remember I'm not some fancy economist...

How I see it is that economy has been in a slump no matter what people say that it ended in late 2001, there are too many people without jobs, do I think this is directly because of Bush, yes and no... Marching us to war (which I supported, except he made us look like a jackass doing it) didn't help the economy at all *** you could see with the lows reached in early March, sure it is back up to prewar levels but with the help of numerous tax cuts which drove up defecits which doesn't help at all...

Mainly to end this, the problems I see were too many taxcuts, and they were too late, things could have been differently, does that mean having to bow to the French to preserve any effect on the economy, no... But if he was just going to say "piss off" to the world, he could have done it sooner to minimize the effect on the economy.

[Taxman]

Originally posted by The Emo Conservative:
Here is where I stand being a not so much supporter of Georgie, remember I'm not some fancy economist...

How I see it is that economy has been in a slump no matter what people say that it ended in late 2001, there are too many people without jobs, do I think this is directly because of Bush, yes and no... Marching us to war (which I supported, except he made us look like a jackass doing it) didn't help the economy at all *** you could see with the lows reached in early March, sure it is back up to prewar levels but with the help of numerous tax cuts which drove up defecits which doesn't help at all...

Mainly to end this, the problems I see were too many taxcuts, and they were too late, things could have been differently, does that mean having to bow to the French to preserve any effect on the economy, no... But if he was just going to say "piss off" to the world, he could have done it sooner to minimize the effect on the economy.

Hey Emo,

Tax cuts are very rarely a bad thing. The reduction of rates increases working capital which in turn increases investment. Now you may say "how does this help the working stiff?" Well, when a business owner spends money that money doesn't go into a vacuum. It is spent to buy products or services which require workers to produce them.

Additionally, this increase of wages creates a stimulus in disposable consumer goods which creates an increase in wages which creates more consumer goods which ... well you get the picture. [img]smile.gif[/img] This principle (basically)is Say's Law. Thomas Sowell (arguably one of the greatest economists of the 20th century) made this the topic of his doctoral dissertation. You can go here to read more.

[Simply Emo]

Originally posted by Taxman:
Now you may say "how does this help the working stiff?" Well, when a business owner spends money that money doesn't go into a vacuum. It is spent to buy products or services which require workers to produce them.

Yes, I've heard of trickle-down economics... I didn't say the tax cuts were bad, I'm just saying that they didn't help when he did them, the child tax credit helped families, but these aren't going to help the economy if people are afraid of losing money to terrorist attacks or whoever else Bush wants to pick a fight with...

[Taxman]

But Emo, tax cuts rarely help in the short-run. It's the long run that matters. Besides, we're already seeing signs that the economy is rebounding (although unemployment hasn't followed yet, but that's historically accurate. By the end of the quarter you'll see significant movement there too).

Most people in "fly-over country" aren't anywhere near as concerned about "terrorist attacks or whoever else Bush wants to pick a fight with" as you think. Here in AZ housing starts are up, TPT (sales tax) revenues are up, and most people are talking more about the D-Backs than Bin Laden. [img]smile.gif[/img]

[Jadem Cog]

So is there really anything that Bush can do by himself without the help of Congress to help the economy?

[Taxman]

Not really. Without Congress all he can do is provide an optimistic vision.

[Jadem Cog]

So something else to add to the Liberal playbook?