Why the American Public Rejects the Bush Economic "Plan" (Part I)

AmericanEconomicAlert.org ^ | Wednesday, February 15, 2006 | William R. Hawkins

[Willie Green]

"I am one of those who do not believe that a national debt is a national blessing, but rather a curse to a republic; inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country."

-- President Andrew Jackson - (1824)

[Willie Green]

ping

[taxcontrol]

Were DOOOOOOOMMMMMED!

[MNJohnnie]

Willie, just screaming a lie over and over does NOT make it true. The only ones being rejected by the American People are YOU and the other Pat Buchannan Economic Isolationists.

[Alberta's Child]

Many of the points raised in this article were thoroughly debunked on another thread about a similar article a couple of days ago.

[L98Fiero]

I seriously doubt that the American public has the slightest idea about this plan. I reject pilates although I really haven't a clue what it is.

[ConservativeBamaFan]

Shouldn't there be a BARF ALERT added to the title?

[pfony1]

ping

[misterrob]

Drops in tax revenues as the cause of deficits? The 2001 recession was shallow? 2000 as the benchmark for taxes?

[BenLurkin]

"57-40 percent disapproved of the way President George W. Bush is running the country"

That certainly includes dissatisfaction on things other than the economy.

Is this a DNC press release?

[oceanview]

its the offshoring, and what's happening with private sector wages & pensions that is giving rise to these poll numbers.

so where does the President give an economic speech on HSAs yesterday - Wendy's. That's just what we need, tell US auto workers that the cars they make need to be better, provide no support to restricting the coming onslaught of imported chinese subassemblies and cars, then give an economic speech at Wendy's.

Then they wonder why the poll numbers on the economy are not good.

[Pox]

Perhaps most perplexing to Republican leaders is that by 58-40 percent, those polled disapproved of how the Bush administration is handling the economy. A Gallup Poll conducted during this same time period also found a 56-40 percent disapproval score for economic policy.

ROFLMAO!!

Willie, you need to put down the Crack pipe and come back to reality! To use such gibberish to validate any "story" is not for the Sane, and if you truly believe any story that posts such nonsense then you are beyond salvation, IMO.

[Pox]

To put any credence behind such poll number from those seditionists is insane, IMO.

[Mr. Brightside]

Part of the problem with Bush administration stats is that they measure from the bottom of the 2001 recession rather than from the state of the economy before the recession. The recovery from the recession has actually been very slow, even though the recession was shallow.

Of course the terror attacks on 9/11, the war in Afganistan and the war in Iraq didn't have anything to do with the slow recovery. And neither did the corporate accounting scandals (Arthur Anderson, Enron, WorldCom).

If only Pat Buchanan was in charge of the economy! THEN our problems would be over.

[oceanview]

almost every poll show american's opinion of the economy, is much lower then the president's personal approval rating, or his handling of war on terror issues, etc.

[Pox]

And if I felt like it, I believe I would have no problem "engineering" a poll that proved beyond any doubt that all 300 million Americans believe you are from Jupiter, but that doesn't make it true now, does it?

[ex-Texan]

*BUMP* !

[Alberta's Child]

Its the offshoring, and what's happening with private sector wages & pensions that is giving rise to these poll numbers.

Baloney. Poll numbers are the most over-analyzed numbers anywhere on the political scene today.

When looking for an explanation of a sitting politician's poll numbers (good or bad), look no further than the price of gasoline. Poll numbers for elected officials on the national level rise and fall inversely to the price of gasoline.

Go back and do the research on this . . . it really is that simple.

[GeorgiaMike]

And yet, unemployment is under 5%. Home ownership is at an all time high. The number of high wage jobs has risen, dramatically. Retail sales and new home sales just posted historic highs.

If people are suffering in this economy, the fault might lie more with them.

[Reagan Man]

Why the American Public Rejects the Bush Economic "Plan"

You mean to tell me, conservatives aren't the only ones rejecting the big government Republicanism of PresBush and the GOP Congress?

>>>>Part of the problem with Bush administration stats is that they measure from the bottom of the 2001 recession rather than from the state of the economy before the recession. The recovery from the recession has actually been very slow, even though the recession was shallow. This is because the recession has masked some very negative structural changes in the economy which counter-cyclical policy – tax cuts, increases in government spending, and money creation by the Federal Reserve – is not designed to remedy.

If it wasn't for the three Bush tax cuts, just imagine where we'd be today. Having said that, things aren't so rosey on the domestic home front. For five years, Bush and the GOP Congress have advanced an agenda that ignores the conservative policy ideas of spending reductions and limited govt. Tax cuts are great, but without some serious spending cuts to properly balance fiscal matters, the tax cuts are vulnerable to some future Democrat POTUS, maybe a GOP POTUS, coming along and eliminating those tax cuts with he stroke of a pen. Then raising taxes at his/her discretion. In fact, I remember a POTUS named Clinton who did exactly that, back when he first took office. Bush41 ignored the Reagan agenda and then we got Clinton.

FRankly, I never expected to see Bush43 spend like a liberal and rubber stamp everything the GOP Congress handed him. Bush hasn't even had one single veto in his over five years in office.