Bush to push Economic Agenda at Conference (not resting on his laurels)

AP ^ | 12/02/2004 | Deo et Patria

[Deo et Patria]

Bush to Push Economic Agenda at Conference

WASHINGTON (AP) -- President Bush will host a conference Dec. 15-16 to promote top items on his economic agenda, including overhauls of Social Security and the tax code, restraining federal spending and improving health care and education.

Bush, Vice President Dick Cheney, Cabinet members and outside business leaders will participate in the forum at the White House, said spokesman Scott McClellan.

Roughly a half-dozen panels will tackle various issues to ensure "America is the best place in the world to do business and how we secure our economic future for our children and grandchildren in this time of change."

"The conference will be opportunity to discuss what we must do to keep our economy growing and to make sure America remains the most competitive economy in the world," McClellan said.

[Deo et Patria]

I actually think that there is more to this than meets the eye. I may be an optimist, but I believe that this administration has more in store for the economy that some tax code tinkering around the margin. He may very well see wholesale tax code reform (sales tax? flat tax?) as a way to turbo-charge the American economy and stem the job losses as companies leave the U.S. due to excessive tax burdens.

I hope that the President has the guts to stick to his guns on this one, it could be a truly historical four years if he can pull it off.

Thoughts?

[blakep]

I agree. I believe taxes and the economy are his main priorities as well as the WOT. He has a buisness attitude, and I believe he is determined to help fix these problems.

Health Care, I'm not 100% sure yet. Still trying to figure this out.

[Dalite]

If the IRS is abolished and SSI is shifted from a Ponzi Scheme to a self-sufficient, funded pension plan based on choice and responsibility, then there is no need for the Federal Reserve.

I would love to see Congress mint a single coin and throw it to the Federal Reserve to pay off the national debt; then disbanding that band of thieves.

It will also be a cost cutting action, as Greenspan won't have to be replaced in 2006.

This may be the best gift that America has received in nearly 100 years.

[Hold DiMayo]

If we go to a flat tax it will be the end of our trade inbalance regarding China. The flat tax will give people a reason to save or invest with China being the looser.

[Willie Green]

Dubya is clueless on these issues.
His policies will merely collapse our nation into a bankrupt, banana republic.

[Jumper]

Thoughts... Yes. Bush and myself suspect that if you give someone, anyone, ownership of something that they will work hard to protect their interests. In this instance, revising the tax code and social security will be the defining structure that divides those who are democrats (have nots) and republicans (those who work to have). The dem-o-graphics (pardon the pun) are as such that this may well decide the nature of voting patterns and whether this Country becomes a socialist EU type social-democracy or whether it stays a Free-Market (FreeRepublic) economy!

[KwasiOwusu]

"His policies will merely collapse our nation into a bankrupt, banana republic"

Not a chance.
I think the one you are talking about here is Hanoi John Kerry.

It is Hanoi John Kerry's policies would have collapse our nation into a bankrupt, banana republic.
Luckily, he lost. :)

[Willie Green]

I think the one you are talking about here is Hanoi John Kerry.

No, that dingbat isn't worth talking about.
I assure you, I AM talking about Dubya.

Bush Economic Polices Threaten National Security

[KwasiOwusu]

"I assure you, I AM talking about Dubya.

Bush Economic Polices Threaten National Security"

Rubbish!
A worthless piece of anti-Bush garbage.

Lets look at the REAL BUSH RECORD now, shall we?

"The U.S. economy is firing on all cylinders. Under President Bush's leadership, we have created 1.4 million jobs since August and the economy is growing at its fastest rate in 20 years.

Faster Economic Growth

The economy has now grown for 10 consecutive quarters or 2 and a half years.

The economic growth during the past 12 months is faster than any year in the 1990s. It’s the fastest in nearly 20 years. (Source: Bureau of Economic Analysis)

Private forecasters have ratcheted up their economic growth forecasts for the rest of this year to 4.7%, which would yield the fastest growth in 20 years. (Source: Blue Chip Economic Indicators, 6/10/04)

U.S. economic growth is well above that of our key trading partners. (Source: OECD)

In fact the average unemployment rate for the January to May period for 2004 is not much different than for the same period in 1996. The big difference is that President Clinton inherited a growing, job-creating economy, while President Bush inherited a faltering economy.

At 5.6%, the unemployment rate is below the average unemployment rate of the 1990s, 1980s and 1970s.
The decline in unemployment has included minorities. For example, the Hispanic unemployment rate has declined from 8.1% a year ago to 7.0% in May.

The decline in the unemployment rate has occurred throughout the country, declining in 47 out of 50 states in the past year. In fact, 27 states have an unemployment rate at or below a low 4.9%.

Payroll jobs have increased in 44 out of 50 states in the past year.

Nationally, payroll jobs have increased for nine consecutive months for a total increase of 1.4 million.

Over the past several quarters, manufacturing activity has accelerated and has recently reached levels not seen in close to 20 years.

The manufacturing employment index is at the highest level in 31 years. (Source: ISM, 6/1/04)

Factory orders are 12.5% higher than a year ago.

In April, industrial production increased 4.9% (year-over-year), the fastest rate in more than three years and the level is back to pre-recession levels.

Capacity utilization increased in five of the last six months increasing 2.5% over that same period. (Bureau of Economic Analysis, 6/3/03)

The Federal Reserve’s regional economic outlook noted that economic activity increased across the nation during the last three months. (Source: "Beige Book," Federal Reserve)............"


http://www.crushkerry.com/article-174--0-0.html

The Bush economy is the best economy we have had for a very, very long time, especially since Bush inherited a terrible economy from Klinton, and then had the huge tragedy(and economy sapping) of 9/11 come up after that as well.
The Old Media and the DUmmies will work their butts off to spew out anti-Bush hate, and deny that there is robust economic growth. It just won't work.
Luckily the American people were not taken in by this nonsense, and voted to put Bush back in power by the BIGGEST # of VOTES IN AMERICAN HISTORY!
That is what counts.

[KwasiOwusu]

Even more on the sizzling Bush economy:

" The data are quite impressive. First, total economic output, measured by gross domestic product (GDP), has increased by a sizzling 4.8 percent during the four quarters ending in June. That's the fastest four-quarter growth rate since the fabled Reagan expansion 20 years ago, and it is faster than any four-quarter period during the eight-year Clinton administration. Second, during the latest 12 months, consumer prices have increased by a moderate 2.7 percent. Third, having fallen from a cyclical peak of 6.3 percent in June 2003, today's unemployment rate is 5.4 percent, a level that is below what many economists consider to be the economy's full-employment level. It is definitely below the average unemployment rates that prevailed during the 1970s, 1980s and 1990s. Fourth, after incorporating the Labor Department's upward revision of 236,000 jobs for the 12-month period ending last March, the U.S. economy will have generated nearly two million jobs since payrolls began expanding 13 months ago.
The misery index, which is the sum of the unemployment and inflation rates, stands at a very respectable 8.1 percent today, precisely where it stood at this moment in 1996 when President Clinton ran for re-election. However, the comparable four-quarter GDP growth rate was 3.9 percent eight years ago, nearly a full percentage point below the 4.8 percent growth rate of today. Mr. Bush's father, it is worth noting, bequeathed to Mr. Clinton an economy that grew by more than 4 percent in 1992.
Mr. Clinton clearly did not reciprocate. Measured by declines in the broad-based S&P 500 and the tech-heavy Nasdaq, the stock-market bubble burst in March 2000. The Nasdaq alone was off nearly 50 percent by Jan. 20, 2001, well on its way to its eventual 75 percent correction. Altogether, the stock market would lose $7 trillion before beginning its recovery.
Less than two months into the Bush presidency, the economy tumbled into recession, which was foreshadowed during the third quarter of 2000, when the economy first declined. During the last four months of 2001, as a direct consequence of September 11, the economy jettisoned nearly 1.2 million jobs. In December 2001, following years of accounting subterfuge, Enron went bankrupt, followed shortly by Global Crossing and WorldCom, as the corporate accounting scandal — which had been brewing throughout the second Clinton term — finally erupted.
Admittedly, it took some time for the Bush expansion to move into high gear. But it was moving against the strong headwinds of uncertainty as the war to depose Saddam Hussein approached. "

[TruthWillWin]

Dubya is clueless on these issues. His policies will merely collapse our nation into a bankrupt, banana republic.

Let me guess. You make a living doing taxes?

[KevinDavis]

No Willie prefers that we force companies to stay open and force the American people buy expensive union stuff.. For example it would be better that we spend $500 for a dvd.

[Willie Green]

Don't waste your money on a lotto ticket today.

[Willie Green]

Admittedly, it took some time for the Bush expansion to move into high gear.

Dubya's "expansion" is a sham -- a fraudulent illusion that's being kept afloat by unprecedented levels of deficit spending.

I place economy among the first and most important virtues, and public debt as the greatest of dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt. If we run into such debts, we must be taxed in our meat and drink, in our necessities and in our comforts, in our labor and in our amusements. If we can prevent the government from wasting the labor of the people, under the pretense of caring for them, they will be happy.

~ Thomas Jefferson

[Redleg Duke]

So, Willie, what is your alter ego over on DU?

[Willie Green]

So, Willie, what is your alter ego over on DU?

As a hardcore Buchananite, I'd probably have a screen name lifespan of about 0.000002 nanoseconds at that cesspit if I ever attempted to register there.

But thank-you for exhibiting the adolescently superficial and flatulent style of your participation on THIS forum, dukie. Your lame personal attack is so lacking in creativity, it doesn't even rise to the level of being unimaginative. (((yawn)))

[Redleg Duke]

Willie, you are a legend in your own mind!

And you project very well.

Your tiresome tirades eat up bandwidth that could otherwise be put to more valued use, such as transporting spam.