DU This FauxNews Poll On The Economy

[K8-EEE]

FoxBot ostrich report sez, it's all happy happy happy on the econ front!

http://www.foxnews.com/business/index.html

[Coyote_Bandit]

1. 84% say good or excellent

WTF?

[AllyCat]

2. Respondents must be rating the economy of some other country

Certainly, not that many Americans are feeling like things are A-Okay here.

[spanone]

3. Sorry but I refuse to participate in the Ministry of Propaganda's polls.

[DainBramaged]

4. 84% huh? Must be that early drinking diet the Rethugs are on

[NewJeffCT]

5. I guess the corporate CEOs have already voted?

that's why the good & excellent numbers are so high...

[dtotire]

6. it's all happy happy happy on the econ front

Increasing Government spending will always give the economy a boost. Unfortunately it will also boost the National Debt significantly.

[AX10]

7. Depends. Like it or not 2006 was a respectable year for the economy.

Not perfect, but wages stayed with inflation and the employment market has been respectable. I don't expect it to continue into this year. A recession is likely next year.

The economy fell into recession in 2001. Between 2002-2005 (4 years) waged stagnated and the job market lagged. 2006 was the best year for the economy during *'s tenure, and it had nothing to do with those tax cuts. The greater economy moves through a cycle regardless of who is in power. 2006 was the high point in this cycle. It's going to be down hill from here, most likely.

Still, I don't approve of George Bush's handling of it. There was no need for the tax cuts of 2001/2003 and the wasteful spending that occured under the Republican congress's of the 107th/108th/109th. Had we maintained the Clinton fiscal policies, we would still have a balanced budget and no cripppling debt (the debt could become a crisis).

Government spending will make the economy grow faster. It will also put the country into deep debt. During Clinton's tenure, the private sector thrived accross the board, we all prospered, we were an inovative nation (a world leader of inovation), and ran massive supluses.

There is a looming Healthcare crisis. Greedy insurance and drug companies are going to bankrupt the country in the coming years.

I voted "fair".

[Coyote_Bandit]

12. 2006 was a respectable year if

you believe the numbers. Those numbers are subject to manipulation. As is the market. Even scholarly publications have remarked as to how easily the indexes might be manipulated by trading in only a few securities common to multiple indexes.

Even if those numbers are good you have to look at what they measure. And if you want a good measure of the US economy then you need to adjust those numbers for investment, labor, and consumption outside the US. The numbers reported do not make those adjustments. They are not an accurate measure of the US economy. They include measures of production using foreign labor performed in foreign countries. Domestic companies are identified based upon their mailing address rather than their primary place of business operations or even their place of residence for tax purposes. Many of the goods are both produced and sold in foreign countries. Many of the investors who provide capital to these companies are not domestic citizens. If you want to measure the US economy you need to look at US businesses selling goods and services to US consumers utilizing domestic resources and labor. Anything else is a distorted and inaccurate representation. These numbers have never been a good measure of the US economy.

With respect to the employment figures you need to consider whether job creation is keeping up with the addition of workers to the workforce as well as whether those who lost jobs have been reabsorbed into the workforce. The best measure of this is the labor force participation rate. I think you will find it has not yet recovered.

Traditional economic measures may not represent what you think.

[Lorien]

8. Done n/t

[Double T]

9. poll voters must be drinking the wall street kool-aid...........

$800 Billion dollar a year trade deficit and a $9 Trillion dollar national debt; BUT don't worry, the economy is doing great?!?!? If there are any REAL ECONOMISTS out there will THEY please stand up.




Monthly Trade Figures Since January 2003

Month US Trade Deficit ($ millions)
November 2006 $58,233
October 2006 $58,804
September 2006 $64,259
August 2006 $68,532
July 2006 $67,536
June 2006 $64,519
May 2006 $65,168
April 2006 $63,426
March 2006 $62,096
February 2006 $62,743
January 2006 $66,301
December 2005 $65,074
November 2005 $64,462
October 2005 $67,836
September 2005 $65,585
August 2005 $58,462
July 2005 $57,355
June 2005 $59,130
May 2005 $55,971
April 2005 $57,681
March 2005 $53,754
February 2005 $60,114
January 2005 $58,267
December 2004 $54,672
November 2004 $58,977
October 2004 $55,574
September 2004 $51,939
August 2004 $54,195
July 2004 $51,331
June 2004 $54,894
May 2004 $48,472
April 2004 $48,406
March 2004 $46,966
Feb 2004 $45,834
Jan 2004 $46,053
Dec 2003 $43,742
Nov 2003 $39,559
Oct 2003 $41,126
Sept 2003 $41,645
Aug 2003 $40,125
Jul 2003 $40,929
Jun 2003 $39,882
May 2003 $40,792
April 2003 $42,176
Mar 2003 $43,543
Feb 2003 $40,073
Jan 2003 $41,218


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[EV_Ares]

10. Not going there anymore, have to sterilize my computer now. n/t.

[OregonBlue]

11. Done. Still 84%.