Economically none of what you said is right. A bubble burst - when a bubble is created there are jobs being held and money being made that shouldn't be. The system corrected itself.
I'm sorry but this puts me in a position of basically sitting here and going through a lot of material just to try and educate you.
The fact is that the Economy is largely what determines elections. The economy is also generally not controlled by presidents. Dole had a hard time convincing the country that Clinton's economic measures were bad and Kerry is having an incredibly difficult time doing the same with Bush.
-Rudey
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Originally posted by pirepresent
Quote - last time I checked, this is a thread about why we're voting for John Kerry. I never said my dislike for faith based programming was "economics" - I said I didn't like that the budget deficit has gotten so severe that as a result, money isn't being allocated for them.
And if you're thinking our deficit is making life better here and developing jobs, you're wrong. As of March 2004, 35 of the 50 states have yet to recover the jobs lost since the recession began in March of 2001. This recession continues to have the greatest sustained job losses since the Great Depression. It would be one thing if we were in a real war on a large scale, but we're not. Because the budget is now so tight, funding for non-security discretionary spending (which includes information technology, domestic construction, education, environmental support, etc) has been almost completely eliminated. The only people making money are defense contractors or other contractors who are willing to go abroad to Afghanistan and Iraq, and given the danger, many contractors are no longer willing to do so.
Bush's tax cut package, which was supposed to create roughly 2,700,000 jobs once it was passed, has been a miserable failure, creating only about 700,000 jobs (and checking my Syracuse math, that's a shortfall of 2,000,000 jobs, give or take  )
Bush's economic policies SUCK. Domestically, we have seen no significant benefit from this absolutely enormous budget deficit.
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