Some people write they approve of Bush's handling of the economy, is it because they are the richest 2%?
358357
BUSH IS TRYING TO MAKE IT SOUND LIKE THE ECONOMY IS GOOD, THE FACT IS HE IS DESTROYING THE ECONOMY AND WE ARE HEADED FOR THE BIG CRASH !!!Again, increased consumer income increases demand for production. But how does consumer spending increase, if consumer income decreases? It increases through credit and borrowing. Current consumer spending has been maintained through increased borrowing and credit card spending. To phrase this differently, it has been maintained by consumer "deficit" spending. And this is becoming an increasingly larger portion of consumer spending. A lot of this deficit spending has been financed by the artificially increased value of homes, and the resulting increase in home equity loans. Interest rates have almost a direct effect on the market value of homes. The higher the fraction of buyer's cost going to financing, the less the market value of the home. This is because the seller receives a smaller fraction of the total payment. If interest rates are low, the seller receives a higher fraction of the buyer's payment.\n\nLet me give a brief illustration. Let's say I want to buy a home. Let's say I am a perfect example of all potential buyers in my area. I'm willing to pay $300,000 total for a home. This includes all finance charges, as well as principal payment. Let's say the total financing costs $150, 000. That means the seller will get the other $150,000. That means the market value of his home is $150,000, because that's what he actually gets.\n\nLet's change the finance charges. I'm still only willing to pay $300,000 total for the home, including all finance charges. But the finance charges are only $50,000 now, because of a lower interest rate. The seller now gets $250,000, instead of $150,000. The market value of his home is now $250,000. The market value of his home has increased $100,000 because of a reduced interest rate. The reduced interest rate accounts for 100% of the increase in market value. This increases the equity, and increases the amount he can borrow off this equity.\n\nLowered interest rates have greatly increased home equity values. They have also greatly increased the amount of money that can be borrowed off this equity. This money has made a significant contribution to consumer spending during the last 4 years. Current estimates are that it contributes $200-300 billion per year to our $12 trillion GDP. This is 1.5 to 2.5% of our GDP. Borrowed money has prevented consumer spending from sinking. As interest rates rise, home equity values will decrease. Money borrowed from this reduced home equity will also decrease. The contribution to consumer spending from this money will also decrease.\n\nFrom this, it becomes obvious that consumer demand cannot be maintained by this consumer deficit spending. We are nearing the limit now. We are going to reach this limit in the near future. The home-refinancing loan bubble, and its contribution to consumer spending, is about to burst. When it does, consumer spending and demand will drop. And they will continue to drop, because this is also a self-perpetuating cycle. As consumer demand for production decreases, so will the demand for labor to provide that production. As a result, hiring will decrease and layoffs will increase. This will further decrease consumer income, and the spending that comes from that income. THE PROBLEM ON   THIS SITE IS PEOPLE JUST DON'T GET WHAT BUSH IS DOING !!!!
749912
I am a Republican, because I believe I should be able to keep the money I make.  I should not be expected to support anyone who doesn't work.  Plus I am from a state whose economics are based on oil, coal, gas, etc. which is supported by the republican party.
642430
Absolute geniuses. Bush supporters aren't regular Americans, it doesn't even matter if he gets their vote. The real supporters of bush are the multi-millionaire business men. They put millions into getting him the job and now they are getting rewarded ten times over - tax cuts for the rich, huge increases in military budget, environmental protection of the issue, access to Iraqi oilfields. He (well Cheney and the people who really make decisions) is serving his constituency very well. It's a pity they comprise around 0.1% of the American population.\n\nAs for the regular people who support him, worst kind of idiots!
18488
Yeah Bush!!!\n\nBilly took a great economy and ruined it.  Most people blam the economy on the current pres, but they are just stupid.  Really economics moves in cycles, and we see the fruits and droughts of an economy two terms after the president.  So I clearly see that Billy was getting to freeky and caring only about his personal pleasure, consiquently overlooking :  TERRORISTS, THE ECONOMY, AND JUSTICE.\n\nTherefore, we see Bush cleaning up after Billys sorryful act.  That's why were're at war and have high gas prices;  we're paying for the sins of the last pres.
731726
well... the economy can be defined many different ways... this is one trick... which ever party is in office has a funny way of only noticing the things that are good, and ignoring the bad... \n\nso, people that say the economy is great, are ignoring things like dropping construction, housing and house re-sale costs... and things like the trade deficit, which is a real problem... \n\nthey do throw around things like the stock market, which the vast majority of the market only benifits the top 20 percent of America... and unemployment, which is low, but still higher than when Bush went into office (4 percent vs. 4.4 percent)... \n\nthe national debt is also a problem... as it is growing... Republicans have cut back spending some recently, yet they are still spending more than they take in... by quite a bit...
1065402
As president, you're right, he doesn't get paid a whole lot, it is public service. But he comes from an extremely wealthy, oil tycoon family- look that up.
22007
for the same reason 35% of the people in the us voted for bush, they are idiots who dont think ahead more than about an hour, and will do anything that they think will save them 20 cents. Many people dont do this actually, but the ones that do use up a disproportionate amount of resources.
614730
Argghhh!  NO!  Please!\n\nI am definitely for a laissez-faire approach to the economy.  I don't think we'll ever get that, surely not under the present administration, but if you look at the most successful economies (under Reagan and under Clinton's Treasury Secretary Robert Rubin), they were MORE laissez-faire than most.\n\nThis administration looks more like a return to Keynesian Nixonomics and a controlled economy, and I think it will have bad results.  Of course, the results are always a few years down the line, which makes it hard for people to respond until it's too late. \n\nBut, if you look at the history of the economic stimulation years, either here or overseas, you always see economic breakdowns.
575422
Actually the greatest percentage of Wealth in Congress is in the hands of Democrats.  There is a significantly higher percentage of Democat millionaires than Republicans.  Actually the average Republican is a small business owner, a family with 2 children, certain conservative spiritual persons, and middle aged men. Business gives donations equally to Democrats and Republicans and are not as people believe Republican.
658852
Where did you get that thought. I have studied Economics and there is nothing that says it is beneficial to an economy if a few people hold greater wealth.
195109
Depending on how the sentence is arranged it could well be true. Bear with me. Suppose I take the last two words, "work seekers," as the definition of the population to be "analyzed." \n\nWould you be totally shocked to learn that only 6% of job seekers approve of Bush? (I'm thinking a lot of folks looking for jobs hold any current administration in lower regard than the part of the population who isn't looking for a job. And even that group only gives him an approval rating of less than 40%. )\n\nIt's true I would expect the unemployment rate to be higher than 38% for work seekers. After all, one assumes a work seeker doesn't have a job. That assumption, however, could be mistaken. Many people could be looking for second jobs.\n\nAnd if that's not what you meant, then Mike Gilbert is right.
555548
No, I think Bush is an excellent president, I dont think he/ they knew about it. But thats just my opinion
233840
My guess is no.  They tend to have a social Darwinistic, sink-or-swim mentality that not unlike the Calvinistic doctrines, justifies the accumulation of wealth.\n\nI tend to see them as selfish and socially irresponsible on average. Its a sort of " I've got mine -screw you " attitude that is so characteristic of the Bush Administration. \n\nGod knows if ever I become rich I may undergo a similar transformation, but I don't think it will happen. \n\nThen you have these crazy, born-again, Talibornagain, Rapture-cult Christians who want to rape and plunder the world because they are going to heaven anyway. \nThose folks are Republicans too. \nI am not pulling any punches here, am I ?
1012271
Thats BS.\n If what you say is indeed true than they are very smart for contributing to their OWN economy. We could learn  alot from them\nContributing to the global economy has contributed 1000s of Americans out of jobs duh. What about our own economy?\n\nOh btw define what is expected? That is the problem you see. Too many countries expect .
1079250
no, only the very dumb and naive will think bush is a good president, too bad they are more half of the us
460684
None for me, it goes to the American government, who takes way more than they need, if Bush hadn't grown the national debt AND FAILED to make the proper tax reform! between that and the tax CUTS for the RICH!! ... it's just bs, I won't go off on it here.\n-Duo
334061
If anyone thinks the rich are hard working.. you either don't know any of them or you are one and you don't know that other people work much harder...\n\nThat being said... Bush equates taxing the rich to communism and socialism... and people run away saying it's bad and evil... \nNo... it's fair... I pay my taxes and they should too... but most of them get huge breaks and loopholes... that my friend is crap...