Why the Bush Economy is not working for the American Family!
I have been accused of not acknowledging the GOOD Economic news. That is not true! I have acknowledged as the Bush administration has been telling us that we have had strong GDP growth. There has been some increase in productivity. Many Corporate profits have been UP and until to about two weeks ago the Stock market was UP.
Bush and his supporters say they can not understand WHY the public is NOT HAPPY with the way Bush has handled the economy. It is NOT that the administration has not told us about all the above GOOD Economic News. A new face at Treasury will not change the public perception. The answer is quite SIMPLE! This GOOD economic news that Bush points to is about the Macro economy -The overall issues like GDP Growth and Profit increases.
The issue for the masses during the Bush presidency is that his policies have NOT impacted the factors that the masses see week to week as they try to pay their bills. Things like Average weekly wage -What they have to spend. The cost to get to work and heat their homes. The cost of Food and Health care. Interest and the higher credit card bills they receive each month that are increasing because of the higher interest rates and higher balances. Some are loosing their long standing jobs to other countries in Manufacturing and High Tec. They read about the fact that the American Auto makers are loosing money and closing plants. They see the textile industry all but disappear in America. They read about the growing trade deficit and how much of it is due to China. They see their president turn a deaf ear to American Job Loss and how unfair China is in trade and currency matters. The see how many illegal aliens come across the border and depress the wage rates paid to Americans while President Bush does NOTHING for the past 5 years! They see the cuts backs in health coverage and pension plans by employers. They see the soaring cost of college for their children with no more money to pay for the higher expenses and cuts backs in Federal College assistance. These are the Micro economics of the economy. These are the issues that the Bush economic and tax policies have not improved or have made worse for the average workers. That is why the vast majority in America are NOT experiencing the GOOD Economic News Bush tells them about!