How Bushs Fiscal Mismanagement Produced a Recession

Only 1 problem....WE"RE NOT IN A RECESSION!!!

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Only 2 problems with

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How Bush's Fiscal Mismanagement Produced a Recession

....first, what Woiyo said about "recession", second problem being with "fiscal mismanagement": by law and fact fiscal policy is a job for the Congress....

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The best quote from this German ZEIT is this.

It’s hard to find meaningful analytical discussion in America’s mainstream media.
How could it hope to compete with the latest Paris Hilton story, or some flub-up by an exhausted presidential candidate out on the hustings?

Viewers and readers don’t want to be worried by it, they reason.

They’re wrong, of course. The level of anxiety and concern among the public is high, as is concern and coverage in the quality press around the world.

The curious standout is the mainstream media in the United States.

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unless we are operating on a new definition of "recession" such as "the economic rate of growth is slowing" then I have to say there is NO recession that anyone can blame anyone else for.
On the other hand, the winter here has been drier and less precipitation than usual which is probably due to an increasing population of liberal democrat socialist communists moving into northern New Mexico.

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Dys - the definition has changed: peak to trough is the new criterion >

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The committee views real GDP as the single best measure of aggregate economic activity. In determining whether a recession has occurred and in identifying the approximate dates of the peak and the trough,

http://www.nber.org/cycles/recessions.html

> but as nobody adjusts the inflation-adjusted GDP to allow for the new definition of inflation, nobody knows for sure until much later.

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You want to see a recession? I the country has the short sightedness of electing either of the left leaning liberals that are running for office, there will be a recession the likes of which most of us have not seen in our lifetimes.

I don't ever want to see it, but all these "do gooders" will be singing a different tune when the stock market and business in general goes right into the crapper. "A chicken in every pot" sounds admirable, but if you don't encourage business, we will all be eating hot dogs and beans!

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Sorry for my interruption.
USA is not the only country in the world to project or protect the values and many countries are not with Compassionate,
credit-card-cum -flag -waving,
consume-oriented
uncontrolled corporate capitalism.

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Ive seen the shpinm eisters of Das BushReich say that
"our rate of economic growth is projected to be slightly negative to stable over the next 3 quarters"

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I am of the opinion that USA's system is faulty- to put it mildly- or a system which is not congenial for the local natives besides the global innocents.
By charging BUSH's noble achievement which surpass the achievement of his idols or his father will not never make the life of decent people happy.
The so called unbridled/uncontrolled/free-for-a-few corporate market economy will make the world more wretched and despicable.

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Phoenix

Phoenix32890 wrote:

You want to see a recession? I the country has the short sightedness of electing either of the left leaning liberals that are running for office, there will be a recession the likes of which most of us have not seen in our lifetimes.

I don't ever want to see it, but all these "do gooders" will be singing a different tune when the stock market and business in general goes right into the crapper. "A chicken in every pot" sounds admirable, but if you don't encourage business, we will all be eating hot dogs and beans!

Phoenix, I know you are a smart woman but I'm surprised that you ascribe to the old "liberal myth" that liberals kill business. The exact opposite is true. Liberals encourage ethical and constructive businesses benefitting the Common Good. They can tell the difference between honest businesses and corrupt businesses and their leaders. What is wrong with that?

If you review the history of the stock market, it has been shown over decades that it generally does better when Democrats are governing than when Reublicans are in power, depending on the lack of some serious national and/or international event having a negative impact on the economy. The anti-regulation greedy rascals do great harm to the economy when their unrestrained capitalism gets out of hand as Republicans close their eyes to their destructive behavior. As long as they get theirs, the hell with everyone else, including the U.S. economy.

Here is one example:
http://www.ilim.com/inthemarket/viewcontent.asp?LinkName=inTheMarket&id=43

BBB

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Quote:

If you review the history of the stock market, it has been shown over decades that it generally does better when Democrats are governing than when Reublicans are in power............

That's flat-out wrong.

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High Seas wrote:

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If you review the history of the stock market, it has been shown over decades that it generally does better when Democrats are governing than when Reublicans are in power............

That's flat-out wrong.

Sorry, but you are flat out wrong.

BBB

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BBB - truly your statement is wrong, and your persistence in it (without the least pretense of providing a source) laughable.

The Irish link you provided has no connection to what you claim, btw.

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P. S. In the interest of maintaining some modicum of courtesy online, may I note that my references are to "your statement" and not "to you". A similar wording on your part would be appreciated, as would any effort on your part to try and understand what you write before you post.

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HighSeas
Highseas, here are a few more expert opinions that counter the old myth that the stock market does better under republican administrations. The opposite is true.---BBB

http://www.frbsf.org/econrsrch/wklyltr/wklyltr98/el98-19.html

http://money.cnn.com/2004/01/21/markets/election_demsvreps/index.htm

http://query.nytimes.com/gst/fullpage.html?res=9B07E6DD143BF933A15752C1A9659C8B63

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Please read what you link before posting....... Your very first link makes it plain that
".............Using data for the period 1871 to 1997, we find that the stock returns are almost identical under Democratic and Republican administrations. .............. the returns have not been statistically different when Democrats or Republicans occupy the White House."

http://www.economagic.com/gif/g65088088015511393336433306316614.gif

That's the series. Final Smile

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aside from the seque (democrats vs republicans and the economy) i fail to understand how anyone can describe our current economy as "in recession." Perhaps I am just dense and too many years away from my education.

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Here's how to get the chart from Economagic:

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This series starts in 1896/5/27 and ends in 2005/10/21

Show recessions

Do not show grid

Original is called: Dow Jones Industrial Average: Close

Transformations on Right Scale: Logs

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Dys - in the past (see pink vertical areas in chart posted) recessions were indicated by the old statistical definition. The new definition (see NBER link on previous page) takes several months to finalize calculation.

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How Bushs Fiscal Mismanagement Produced a Recession

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How Bushs Fiscal Mismanagement Produced a Recession

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How Bushs Fiscal Mismanagement Produced a Recession