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Don't pro bush economists look stupid & out of touch?

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JPace Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-14-04 12:21 PM
Original message
Don't pro bush economists look stupid & out of touch?
I watch them parading on financial news shows
spouting how wonderful the economy is day after
day. They just don't seem to "get" the pain, fear,
and reality of American workers. Surely people
watching these idiots must think they are living
on another planet. One of the great things for us
is that they keep praising the bush tax cuts
which is educating the public on how AWOL's tax
cuts are benefiting the wealthy only. The happier
these idiots look the angrier people are getting.
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sallyseven Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-14-04 12:26 PM
Response to Original message
1. The economist are telling us that
the economy is good. That has nothing to do with jobs. Jobs are for the peons. Money is for the rich. A company shows a hell of a profit if he only has 1/2 of the work force. Double up the work and not have to pay overtime. That is the game. Economy is rosie and the staunch repubs will say see I told you so. Jobs are not important. Only for them.
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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-14-04 12:27 PM
Response to Original message
2. Edwards on Jobs - he repeated this word for word on tonight show!
Washington Post's E.J. Dionne: Edwards has a new message and it is a "warning to free-traders: Guys, you'd better wake up. There's rebellion in the country, a justified revolt by workers who cannot understand why the economic recovery has produced so few new jobs."
http://www.washingtonpost.com/wp-dyn/articles/A38175-2004Feb12.html

A Voice Of Trade Rebellion By E. J. Dionne Jr.Friday, February 13, 2004; Page A27

Sen. John Edwards, who has had perfect rhetorical pitch in this year's presidential campaign, altered the opening of his stump speech this week. The change is a warning to free-traders: Guys, you'd better wake up. There's rebellion in the country, a justified revolt by workers who cannot understand why the economic recovery has produced so few new jobs.

Edwards told the tale of a father coming home from his factory job to put his daughter to bed. "He knows his night is over when he gives her a hug," Edwards said, speaking in Milwaukee Tuesday. "But tonight . . . he'll be coming home to tell her that his factory is closing, that he's about to lose his job." It's worth hearing Edwards to understand the power of this issue. He's not telling an economic story. He's offering a morality tale about a decent American hammered by the system. "It's not because he's done anything wrong," Edwards said. "He's done what he's supposed to do, he's been responsible, he's worked hard, he's raised his family." Nor is the factory closing because the company decided to stop making its product. "The problem is they're going to make it somewhere else," Edwards says. "They're going to make it somewhere outside of his community, outside of his country." Why? "They only care about profits, they have lobbyists everywhere and they own this White House." The people in charge, he says, "don't hear the other America. They don't see the face of this father who had to come home and tell his little girl that he no longer had a job."

Now, contrast Edwards's evocative language with the cold words of the new Economic Report of the President and you'll understand why even Republicans such as House Speaker Dennis Hastert are furious at President Bush's economists. "One facet of increased services trade is the increased use of offshore outsourcing in which a company relocates labor-intensive service industry functions to another country," the report says dryly, italicizing the key phrase. But not to worry. "When a good or service is produced more cheaply abroad," the president's report lectures, "it makes more sense to import it than to make or provide it domestically." Makes sense to whom?

.. Why, for example, should there be free trade in jobs and manufacturing but an absolute ban on importing prescription drugs from Canada or Australia? ... "We need to offer an expansive enough opportunity agenda to make the trade bargain worthwhile," he said. "Workers who fear for their current jobs want to hear where they can find their next one." <snip>

postchat@aol.com



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bucknaked Donating Member (818 posts) Send PM | Profile | Ignore Sat Feb-14-04 12:31 PM
Response to Original message
3. Best part is when they say the recession ended in 11/01...
For one, tough for Bush to take credit for that, since his first "Fiscal Year" only started a month before that.

However, try telling anybody, especially the unemployed, that we've been in "recovery" since the month after September 11th, 01.
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2004Donkeys Donating Member (123 posts) Send PM | Profile | Ignore Sat Feb-14-04 12:32 PM
Response to Original message
4. Mankiw knows what he's talking about
But I doubt he has much influence in the WH.
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Bandit Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-14-04 01:03 PM
Response to Reply #4
5. If he knew what he was talking about he wouldn't be about to lose his job
He does not know what he is talking about. He is thinking only profits and not people. The governments duty is not to provide large profits for international corporations but to provide for the health and welfare of the people of this country. They have lost track of that if in fact they ever were on track.
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BillZBubb Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-14-04 02:19 PM
Response to Original message
6. No, they don't LOOK stupid and out of touch
They ARE stupid and out of touch.

These are the same clowns that call the Democrats "elitists". Everything they do and say is an effort to make the wealthy wealthier, and if it hurts everyone else, too bad. Of course, the spin is that in the "long run" we'll all be better off. That of course, is nonsense.

Sadly, many in the middle class buy into this fiction.
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