Constructive gadfly
Published on September 22, 2004 By stevendedalus In Politics

Fortunately for Bush, the economy has been sucked into a black hole by Swift Boats, Texans for Truth, the CBS blunder, and the luck of the draw that few know what’s going on in Iraq. Unfortunately for Bush, one of the debates will be on the economy and he will have to face issues regarding the economy — disappearing quality jobs, rising health costs, out of range college tuition, erosion of Pell grants, shortchanging NCLB, prescription drug plan designed to increase the profits of pharmaceutical producers and vendors at the expense of seniors, outsourcing gaining momentum, a galloping deficit and national debt — entailing classic Republican sophistry to defend.

While voters are wrapped in the flag to protect them from terrorism, they will be forced to peek through the crenels of their fortresses and acknowledge " the economy, stupid,"   posing  a threat to the nation. The cavalier pick-up truck commanders, and SUV soccer moms wary over gas prices;  quality workers praying over the viability of their pensions and the dread of their jobs being sent overseas;  the once confident workers for reputable companies with low cost medical insurance now history, along with the worry they too will be on the rolls of the 45 million uninsured;  borrowers on the equity of their home cringing over the probability of the unfixed loan rates  skyrocketing, together with escalating real estate taxes and home insurance that could cancel out the benefit of the loans;  the mom and pop businesses sweating it out that Wal-Mart doesn’t come to town:  all of whom must at least set aside for a harsh reality-moment, the primacy of terrorism, and wring their hands over the catastrophic costs of making bread for their families. The probability of these threats far surpass the likelihood of getting blown up by a terrorist.

Copyright © 2004 Richard R. Kennedy All rights reserved. Revised: September 22, 2004.

http://stevendedalus.joeuser.com


Comments
on Sep 22, 2004
I think it depends on which economy you're looking at. If people vote based on the 2001 economy, Bush doesn't stand a chance. On the other hand, the 2004 economy is rather similar to the 1996 economy, when Clinton was re-elected.

Over 1 million jobs have been created in the last 12 months, and most of them pay higher than the national average.
on Sep 22, 2004

the 2004 economy is rather similar to the 1996 economy, when Clinton was re-elected.
A very good point, my favorite watchdog.

most of them pay higher than the national average
This, however, I am skeptical of.

on Sep 24, 2004
I think you're wrong, my friend. The economy's just not THAT bad, that one can say *it's the economy, stupid*. I don't think that tactic will work in the her and now.

JW

on Sep 26, 2004
I don't think that tactic will work in the her and now.
I agree and why the shift to the war. However, it's not the here but the future of disastrous economic effects. 
on Sep 26, 2004

I don't know. You guys have one perspective on the economy, I have another.


I started working in tough economic times (1986), and, until now, have never been out of work for more than two weeks straight. The "job creation" is probably, in all reality, providing second incomes for folks, rather than jobs for the truly jobless. If I were making my decision strictly on the economy, I'd be inclined to vote Kerry. I don't put full blame for the economy on Bush, because I know better; but I DO blame him for hiding his head in the sand from a problem he won't acknowledge exists.

on Sep 26, 2004
Here are some things Bloomberg News reported as to why the GDP only grew at 2.8% in the second quarter:

There's too little savings (consumer)
There's too much debt (consumer)
The budget deficit is too large
Oil prices are too high
Health-care costs are too high
Wage growth is too slow
The trade deficit is (still) unsustainable
The stimulus from the tax cuts and mortgage refinancing is fading
The consumer is tapped out
Corporations are cautious
Good jobs are going overseas
Fiscal policy (Bush policy) is misguided

Yes - It is the economy stupid! If you want a great anaylsis of the Bush policies, read "Four More For George W?" It looks at the economy, foreign policy, trade, Social Security and Medicare, envionment, jobs etc.

on Sep 26, 2004

Reply #6 By: COL Gene - 9/26/2004 12:07:36 PM
Here are some things Bloomberg News reported as to why the GDP only grew at 2.8% in the second quarter:

There's too little savings (consumer)
There's too much debt (consumer)
The budget deficit is too large
Oil prices are too high
Health-care costs are too high
Wage growth is too slow
The trade deficit is (still) unsustainable
The stimulus from the tax cuts and mortgage refinancing is fading
The consumer is tapped out
Corporations are cautious
Good jobs are going overseas
Fiscal policy (Bush policy) is misguided

Yes - It is the economy stupid! If you want a great anaylsis of the Bush policies, read "Four More For George W?" It looks at the economy, foreign policy, trade, Social Security and Medicare, envionment, jobs etc.


Funny but in ALL that you quoted Bush only has 2 of them that he is *directly* responsable for! (budget deficit and fiscal policy) The rest of them he has NO direct control over!
on Sep 26, 2004
Just some charts I found:











on Sep 26, 2004
At least they used pretty colours.
on Sep 27, 2004
That's great proof that Clintion did a great job, and Bush jr didn't.
on Sep 27, 2004
I'd be inclined to vote Kerry. I don't put full blame for the economy on Bush, because I know better; but I DO blame him for hiding his head in the sand from a problem he won't acknowledge exists.
Classic common sense!
on Sep 27, 2004

Funny but in ALL that you quoted Bush only has 2 of them that he is *directly* responsable for! (budget deficit and fiscal policy) The rest of them he has NO direct control over!
You ignore the attitude and lack of action on the part of the presidency that affects these factors.


Great research, Colonel and 81!!

on Sep 27, 2004
Oil prices are too high
Health-care costs are too high


Lets just go with these 2. Could you explain just how he has influence over just these 2?
on Sep 28, 2004
By only now thinking about releasing oil from our national reserves; failing to jaw-bone the medics. I know you won't believe this but back in '93 even though Hillary failed, she put enough fear into the medical arts that they actually did control their prices until the Reps took over congress.