Sports and my thoughts

Monday, December 05, 2005

Thoughts: About time Bush speaks up on Economy

If you listen to all the liberals out there, you'd think things are worse than the Great Depression. You'd think everyone was looking for work and people were lining up in soup lines. But like always, they lie. What the liberals say couldn't be further from the truth.

The truth is the economy is booming, and finally Bush is bragging about it.
President George W. Bush will point to faster-than-expected growth and other positive economic news on Monday in a speech he hopes will help convince Americans the economic outlook is rosier than they think.

Bush, whose approval ratings are at all-time lows, faces public pessimism over the economy and questions from some commentators over whether the U.S. economy is fundamentally sound, given a soaring budget deficit and a trade deficit with China that is heading for $200 billion for the year.

He plans to seize on recent good economic news as evidence that the underpinning of the economy is strong when he speaks at 1.15 EST (1815 GMT) at a construction machinery plant in Kernersville, North Carolina, White House officials said.

"The president is going to directly address how throughout our history American workers have been told that our best days were behind us," White House spokesman Trent Duffy said.

"Each and every time the American workers have risen to the challenges and made the U.S. economy the envy of the world," Duffy said.

Bush has trumpeted news of a 215,000 jump in November jobs as evidence there is "every reason to be optimistic about our economic future." But Allan Hubbard, Bush's top economic adviser, acknowledged on Friday there was a "disconnect" between numbers like the jobs figure and how Americans feel.

White House officials said Bush would state that the economy has rebounded well from twin hurricanes that caused a jump in gasoline prices and underscore the importance of opening foreign markets to U.S. products and workers.

After figures last week showed the economy grew at a brisk 4.3 percent in the third quarter, the White House bumped up its projection for 2005 gross domestic product growth to 3.5 percent from a mid-year forecast of 3.4 percent
If this isn't a good economy I don't know what is. Our unemployment is lower than it has been in the longest time. The latest figure I heard was 5%. That is pretty damn good. More people own houses now than at any time in our history. Sure things could be better, but they are pretty damn good and Bush needs to go out there and say so.

This is one of my biggest complaints about Bush, he doesn't go out and tell the people how things are.
An ABC/Washington Post poll taken in the month ended Nov. 13 showed 64 percent of Americans described the economy as poor or not so good, with only 36 percent judging it to be good or excellent.
If he did, this wouldn't be the case. The only financial news anyone hears is from the liberals. Who wants everyone to belief things are bad.

If Bush came out more, like Reagan used to, and went over the medias head and straight to the people the polls would be totally different.


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