"DSK" wrote in message
...
How come five years of the wonderful Bush Administration *still* hasn't
restored the economy & the stock market to what it was prior to 2000?
The economy is great. Unemployment is low, and GDP is up.
Really?
Let's see what the pros say
http://www.bea.doc.gov/bea/dn/home/gdp.htm
Hmm, 3.5% which isn't bad, but it darn sure isn't "great." The previous
quarters were less though.
So why are we having layoffs
Jobs going to countries with uneven labor playing fields.
, huge gov't deficits
Already been asked and answered.
, dropping the prime rate,
As I said...
To offset the oil spike, *and* to create a more level field with our
international competitors who receive government-subsidized loans for cheap.
increasing trade imbalance,
China won't float there currency. It's indexed to the dollar, making it
artificially depressed. Besides being cheaper due to a lowcost labor
supply, their stuff also appears much, much cheaper due to their
artificially deflated currency.
dropping dollar, etc etc?
A depressed dollar is good for helping keep jobs in the US. It makes
US-made products seem cheaper. Of course, your statement is erroneous: the
dollar has been heading back up against all currencies except for the yuan.