gregorygarver.com

VoiceofLiberty · Joined: 15 Nov 2006 Posts: 4

For those of you who get on here and whine about how bad the economy is, here are some points which you are more than welcome to argue. The catch is, I have cited all othese facts so you also must have valid CREDIBLE sources or I don't want to hear it.First of all the Dow Jones Industrial Average has broken its own record 3 times in the last two years. - Fact. Pay attention to the news.Unemployment rate is the lowest that it has been in 30 years at 4.9% (down from 10.9% during the Carter administration.)*Inflation in the U.S. is currently hovering at about 2.5%. The lowest it has been since Ronald Regan was President.*Real Estate prices are the lowest they have been since the late 1950's taking into account the relative inflation of the economy. - Wall Street JournalA higher percentage of employers now more than EVER are paying above minimum wage by an average of about $2.09.**= U.S. Department of Labor / Bureau of Labor Statistics

RedStateRandy · Joined: 17 Nov 2006 Posts: 1

On July 6, 2007, The Bureau Of Labor Statistics Released New Jobs Figures – 132,000 Jobs Created In June. Since August 2003, more than 8.2 million jobs have been created, with more than 2 million jobs created over the twelve months ending in June. Our economy has now added jobs for 46 straight months, and the unemployment rate remains low at 4.5 percent.

Classic96 · Joined: 19 Nov 2006 Posts: 4

Amen~

Spinchic · Joined: 20 Nov 2006 Posts: 3

Right on! Can't stand all the whining! Thanks for sharing all the facts for the whiners!

YoitsMe6560 · Joined: 22 Nov 2006 Posts: 7

There you go again, using actual facts to make your point. You are a terrible person. Wink

KP · Joined: 24 Nov 2006 Posts: 5

I really think certain parts of the media and entertainment industries try to yell wolf because there is a republican in the white house.

wormwar1 · Joined: 26 Nov 2006 Posts: 4

Whoever said the U.S. has a bad economy?If someone has, he is an ignoramous.

deejayd · Joined: 28 Nov 2006 Posts: 5

You forgot the debt, larger than any debt any country has ever had, making your prosperity somewhat meaningless.And the plummeting value of the dollar, making your debt even larger.But sure, if you put blinkers on to avoid looking at that, it all seems rosy, doesnt it?

whcwarrior_100555 · Joined: 29 Nov 2006 Posts: 3

You are absolutely correct. The economy is great. I do not see the cause for all the whining from the left, except that they are not getting enough for free...

SpiderPig · Joined: 01 Dec 2006 Posts: 3

post this in the immigration section...see how fast you get flamed by your own politicos lol

ervin_parker · Joined: 03 Dec 2006 Posts: 5

what part of the people don't care about wall street don't you comprehend? What we care about is going to the grocery story and our dollars are going a lot less... mean while corportae salaries are shooting through the roof... and as for unemployment rates... how many have given up looking for work?The rich get richer and the poor get poorer

hdean45 · Joined: 05 Dec 2006 Posts: 1

But how can this be ? We have to make President Bush look bad because he kicked our ----- in the elections and we know that the Democrat Party is the chosen party to run this country. So you must stop posting this kind of information the people are not yet ready for the truth.

lltrix · Joined: 07 Dec 2006 Posts: 6

Why is the U.S dollar collapsing if it is so great? That $2.00 above minimum wage wouldn't get you a studio apt in Watts even if you did work 40 hours doing it.Real Estate prices are huge compared to the actual amount of people able to buy a home based on todays wages. Obviously the Wal Street Journal didn't take into account the sinking wages of the American worker.Interest rates are going up.Your money doesn't go as far as it used to because of rising gas prices and mortgage payments.20% of your taxes goes to paying the interest on the National Debt which in turn goes to the same banks that loaned the money to the nation and the same banks who give money to the GOP. That's why the GOP doesn't complain about the huge debt and rising deficits that add to that rising national debt.The infrastructure is falling apart in this country as witnessed by N.Y.C's huge vent system blow up a couple of weeks ago and as witnessed with the bridge collapse in Minnesota yesterday. Our schools are getting cut AGAIN.And, your president has us in an endless war that is costing this country trillions of dollars.The jobs being created are those that pay minumum wage and are in the service sector. The middle class jobs are disappearing while CEO's salaries are rocketing past Saturn. Please, get the facts before you post nonsense.The people benefitting the most from the DOW are equity corporations and hedge fund managers. The DOW has taken over 7 years to get up to just over 3000 above the highs of the Clinton administration. During Clinton the Dow TRIPLED. It's obvious the country always does much better under a Democrat than a Republican. I'm not even a Democrat and yet it is quite obvious.Interesting that 70% of Americans agree with me on this issue.http://www.galluppoll.com/content/?ci=27922

relevant_inquiry · Joined: 08 Dec 2006 Posts: 3

The average American isn’t experiencing this “great” economy. Just telling them that it is great isn’t going to work. Americans are deep into debt, aren’t saving any money, are worried about health care, are struggling with tuition payments etc.

AJ · Joined: 10 Dec 2006 Posts: 5

Let's llok at your "facts" one-by-one, shall we?1. Dow Jones is a scaled dollar value of 30 stocks comprising the index. Notice that Dow is never adjusted for inflation of dollar value as designed. Today it closed at 13,463. The index was over 11,000 in Sep 2000. A 22% gain over 7 years. But, to compare apples to apples, let's see what happened to the dollar over the same time period: approximately 30% loss in value! this is compared to majority of world's currencies, not even gold which is supposed to be a benchmark. So, as of today, we are sitting at an 8% loss in Dow in real money. But, a better indicator of stock market could be S&P500 index since it's more broad. There, we are still below 2000 levels. Source: Yahoo Finance.2. Unemployment rate does fairly represent the health of economy, although it is important. The real situation is that the rate has been largely flat for the last 10 years, but the quality of jobs are on decline due to outsourcing.3. The way the inflation is calculated by the government does not have a leg to stand on. I do not have the patience to explain all the problems with it, but you need to look at large expenses such as medical, college tuition, housing and food. Low cost of Chinese-made crap as well as falling prices of some goods due to technology improvement/outsourcing do not represent the real picture. 4. I am not sure how Real Estate prices support your point. If they are low, this means people can't afford it because of bad economy.5. The minimum wage has been unchanged until very recently since early 1990s. $2 above it doesn't even cover the official inflation number.Now, US economy is not in shambles, but it's far from outstanding by many measures. Look at defficits, real growth rates, huge problems down the road with Social Security and Medicare.