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Quote by: chaplainson  What's wrong with his fiscal respnsibilities, our economy is on the rise. Just five years ago, the DOW was below 8000, just look at any chart, and is now over 13000, unemployment is down in the US, despite no efforts by Bush to stop outsourcing. |
Well, for starters, sure we have lots of new jobs, but most of them are poor substitutes for the jobs that have been outsourced.
" A new analysis has found that some 44 million American jobs – about one out of every three positions in the United States – pays $11.11 per hour or less.
The economists plotted low-wage work over time since 1979, and found that in the late 1990s low-wage jobs began paying more until 2001, when their wages were up by 5 percent over 1979’s figures. But, according to the report, since then, low-wages have fallen back to almost the 1979 levels.."
A Third of U.S. Jobs Pay ‘Low Wages’ - The NewStandard
On May 30, 2002, the dollar/Euro exchange rate was 1 to 1.07 On May 30, 2007, the exchange rate was 1 to 0.74, a decline of more than 30%.
FXHistory - Historical Currency Exchange Rates
Everything we buy from overseas, including oil, is now much more expensive.
On May 30, 2002, the national debt was $6.019 trillion. On May 30, 2007, the national debt is $8.819 trillion, an increase of over 46%. Of course the economy should look pretty good if you pump in almost $3 trillion dollars of borrowed money.
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If you include unfunded liabilities, the national debt is $59 trillion, over $500,000 for every American household. ]
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While not all of this is bush's doing, I think it's clear that his policies have certainly contributed to the figures. I think he's had record budget deficits every year he's been in office, but I'm too tired to go and check that. In any case, this ought to give you some idea of bush economic policies.