What Terrible Economy?

Many folks who are politically active, and are disappointed with the current economy were not alive or aware of the gas lines, unemployment and inflation of the 70s. All they have to compare is the dotCom bubble and it's, well, creative bookkeeping. However, there are segements of the population that do need to see some improvement-- the amount of high risk loans out there, and that are defaulting is dangerous. As the housing boom levels off, that is going to be one mess that will cause a lil speedbump in the economic growth of the US. (Particularly those ARMs that are getting interest raised.) Now locally, some economies are real messes. Here in Pittsburgh there are folks losing their houses, not because they were stupid enough to get ARMs, but because their property taxes keep getting raised past their ability to pay. It's clearly a case where a local government has lost sight of the fact it exists to be 'for the people' and not just by some of them.

I think we just have to be really great managers and learn all we can about managing our finaces, short term and long term....to be a penny wise and not a pound foolish... http://money.cnn.com/news/economy/

The USA's economy is very strong, but alot of people in America hate Bush. Facts do not matter with these people, they hate Bush. So Bush can not be a success with anything, including the economy. In their eye's it is a terrible economy because it's Bush's economy. If Gore or Kerry had won it would be the best ever while excempt Clinton's. Clinton's economy had six years of Republican controll of congress but that is talked about. Anyway Gore and Kerry would have destoried the economy, just like all the Democrates will do. It is in their nature. Tax and spend, tax and spend that is what they all say. But I have got of subject. Reagan never got credit for reviving Carter's economy because it was Reagan. So to with Bush. Liberals can not be objective, they just can't be. It is not their nature. Truth is they hate Republicans. If the Sun went out tomorrow Lib's would blame the Republicans, and Bush most of all.

I always gauge the economy by the construction evident or not evident in our city. And everywhere I look these days there are new buildings going up, commercial buildings. The economy doesn't look depressed to me.

It's the biggest and most successful economy in the world. There are always going to be local ups and downs - and the role of government is to help those in need to get back on their feet and become productive again. In a world of outsourcing and cheap labour, the US economy has done a great job in staying competitive and growing. I'm not sure whether you are implying that the current Administration is responsible for it - I certainly think that the spirit and hard work of companies and workers is what has kept the economy on top, not government. And that's how it's supposed to be, isn't it?