Thursday, August 11, 2005

State of the Economy

Take a minute to read the Center for American Progress's take on the current economic situation. They correctly point out that the President takes all good economic news and attributes it to his policies, while all bad economic news is unconnected to fiscal policies. This report is an interesting counter to the current Republican economic back-slapping.


Blogger Ron L. said...

I'm convinced the current "back slapping" will be over soon.
The president's approval ratings are the lowest ever, and continue to drop as the price of gas rises.
George W. does'nt have to worry about re-election but alot of republicans do. The price of gas weighs heavy on the minds of American voters. Just ask Jimmy Carter. We don't like to worry about where the fuel comes from or how big of a dent it's putting in our wallets.
Surely these idiots will realize soon they're not fooling anyone. Americans everywhere are feeling the burn and cutting corners where ever they can to put gas in there cars.

11:54 PM  
Blogger Jezebella said...

Gas prices are a big hit to the economy. The biggest problem, however, are the negative effects of Bush fiscal policy on the middle class. The past 5 years have witnessed declining real wages and increasing prices of staples such as food (and gas). Think about your family's situation during the Clinton years vs. now. Most people I know could have tempered an increase in gas prices much better during times of economic prosperity in the late 90s.

11:49 AM  

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