Bush Fights 'In The Red' Menance (It's The Economy, Stupid)

[KittyWampus]

Bush fights 'in the red' menace

The President has pushed economic woes like the huge US deficit into the background, but they could yet defeat him, says Heather Stewart

Sunday September 19, 2004
The Observer

For Bush's dad, it was 'the economy, stupid': Bill Clinton swept into the White House 12 years ago on a wave of pessimism about the 'jobless recovery' from the early 1990s recession, confirming the received wisdom that what really matters on polling day is whether voters think the man in Washington has been good for their pockets.
Now Bush Junior is heading into an election with the worst jobs record of any President since the Great Depression: 900,000 fewer people are in work than when he came to power at the beginning of 2001. The Washington think-tank the Economic Policy Institute has totted up the change in the unemployment rate since the turn of the economic cycle, and says job creation has been weaker than after any recession since the Second World War.

Not only that, but Bush has turned the chunky $236 billion budget surplus Clinton left behind into a record $422bn deficit. The cross-party Congressional Budget Office reckons that if policy stays as it is, the government will be in the red every year until 2014, running up a whopping cumulative deficit of $2.3 trillion.

Even Alan Greenspan, chairman of the Federal Reserve and cheerleader-in-chief for the US economy, says the country's long-term budget position is 'troubling'.

'With the baby boomers starting to retire in a few years and health spending continuing to soar, our budget position will almost surely deteriorate substantially in coming years if current policies remain in place.'
http://www.guardian.co.uk/uselections2004/story/0,13918,1307694,00.html

[Demeter]

1. Eat Slugs, Greenspan

You let the Boy Wonder squander the surplus. The nerve of some people!

[Toots]

2. Red Ink Republicans

Virtually every Republican President since Hoover has has a recession in their term. Almost no Democratic President has had a recession. How they ever got a good reputation for managing the countries money is totally beyond me.

[EndElectoral]

3. Toots you're gonna need to update that graph..worse for 2004

[n2mark]

4. Shrub

Shrub not only has an economy problem, there is Iraq, his environmental policies, increase of gas prices, the farce of No Child Left Behind, increase of Medicare, definition- no compassion! , admit Shrub you said, "I am not a divider, I am a uniter... show us how you united excluding the following the days of 911.

America wake up--- you've been had!!! More then had, have you looked into your assets lately? My wallet is empty too.

I am sorry the name for our resident in the Dark House is Shrub. That is the extent of my respect for a dumbnut!

The theme of 2004 should be "Shrub should be left behind."

Tomorrow is garbage pick up day--- can we dump him?