KCET: "economy best ever"

[AJH032]

I was watching a KCET program earlier today, where 3 "experts" were all in agreement that our domestic economy is very strong, similar to the boom of the 90s, and two of them said it was a result of Bush's tax cuts. One also called it a "supply side boom."

On the flip side, polls show that most Americans rank our economy as only fair/poor rather than good/excellent, and that Bush's policies are not helping.

What do you guys think about this?

[noahmijo]

Instead of measuring the GDP which doesn't measure shit

They go by the GDP increase which by the way govt spending constitutes 18% of it, so no shit sherlock of course it looks like our economy is growing.

GDP does not measure standards of living it does not measure inflation it does not measure education or healthcare it doesn't measure quality of job growth.

These fucks outta converse with recent college grads and I don't mean people with BA's in basket weaving or something I mean especially those of us who really busted our asses for degrees in business and science.

[yourout]

1. Total White House Propaganda....

or commonly know as Bull S##t!

[havocmom]

6. hey, your reply didn't get a number!

How cool is that? Stealth post!

[PunkPop]

2. Commander Cuckoo Banana's approval ratings are in the toilet

And only 30-something percent think the country is on the right track.

What is KCET and why are they broadcasting rightwing propaganda?

[AJH032]

5. it's a california television station

I don't usually have it on, but I was flipping through channels and it came on, so I watched it for a while.

[havocmom]

3. Warren Buffet says the rich have it REALLY good now.

And he cannot understand why the rest of us are putting up with the way things are going.

Wages not keeping pace with cost increases (fuel costs hitting food too) and too many unemployed and under employed. The Official Numbers are juggled to paint a rosey picture. The talking heads are corporate shills who get paid to say what the masters want people to hear.

The nation's economy is in trouble. The rich are doing quite nicely.

[Fire Walk With Me]

4. Experts agree:

http://www.northernsun.com/cgi-bin/ns/12962.html

[kevinmc]

7. Saw that To.......

It was the new Wall Street Journal show. Like the way this discount anything that goes against the Editorial Board of the Wall Street Journal. Amazing how they can say the Majority of Americans see a problem with the Economy and the (Wall Street Journal Hacks) just dismiss it as Americans don't know what's going on.

[AJH032]

8. yeah, they blamed the media

for the public not "knowing" about our great economy.

[AJH032]

9. another thing they said...

was that our economy is producing hundreds of thousands of jobs, per month...

[PunkPop]

11. Ok, Ken Tomlinson's answer to 'Now' right?

Part of the new, more conservative PBS.

You didn't know that it was a public TV station? Just some 'California tv station' huh? Your posts lack a lot of detail - just vague White House talking points.

Why don't you tell us what you think?

[AJH032]

13. sorry, i didnt memorize the program

and i'm not sure if it's public or not. Here's what I remember from what they said.
-economy doing really well
-2/3 of gdp is spending, and people are spending a lot
-economy making lots of new jobs
-bush's tax cuts are to thank

That's what they said. I just made this post to see what you guys had to say because I could tell they were republicans so I figured their commentary was partisan. There's no need to get angry at me.

[PunkPop]

16. I'm not angry.

Just curious. Most people on this board have strong opinions. Just wondering what yours is?

[AJH032]

17. I think that

Republicans' ideas that low supply side taxation is the way to produce a booming economy are wrong, so I was wondering how it could be that we have an economy that supposedly parallels the 90s boom we saw under Clinton (according to these people on this Wallstreet journal show I saw). I wanted to see what you guys had to say about it, since it doesn't really make sense to me.

PS. Sorry, it just seemed like you were angry at me. If not, I apologize.

[PunkPop]

18. "Supposedly" is the key word there.

Parallels in the sense of GDP maybe - but not in the sense of the amount of opportunity and good fortune for as great a number of people.

The 90's boom was more widespread and benefited more people even though it was still somewhat artificial and based on a lot of Wall Street speculation.

This "boom" strictly benefits Chimpie's base.

[yorkiemommie1]

10. would this be Tomlinson's

influence? the PBS guy who cozies up to the WH?



http://www.pbs.org/

[wli]

12. DU needs to do a survey on a scale from 0 to 100

I think we'll come up with a very low number. Comparing it to other major economic crises may also provide a useful perspective (e.g. how do people compare the economy relative to the Great Depression?).

[coda]

14. Definitely a "supply side" economy

Takes $650 billion borrowed/per anum to prop it up

[coda]

15. Apparently they want everyone to be a bull, like '29 and '87.

It isn't truly a great market until you get all the suckers in.



"In a market like this, every story is a positive one. Any news is good news. It's pretty much taken for granted now that the market is going to go up."

- Wall Street Journal, 8/26/87, the day after the 1987 market peak



"Stocks Plunge 508 Amid Panicky Selling; Percentage Decline Greater Than in 1929"
- Wall Street Journal, 10/20/87, the day after the '87 Crash - just 8 weeks after the top