I am speechless that people can believe what Bush says re: economy.

[cantstandbush]

If it were not for CREDIT and credit cards most working Americans would not be able to do anything except pay their mortgages. And refinancing is just another form of credit card.

Wake me up people. Am I living on another planet and just don't get it? There was an economic study done (i will get reference) that showed that for working Americans, household income was down 4% since 1999 while mortgage costs (cost of housing) was up 300%. How in the hell can people be better off in this economy under Bush? Somebody please explain. How can people buy into this administration's talking points?

I think a lot of people are feeling and believing that simply because they con go into more debt they are much better off.

[kwolf68]

1. I sypmathize

It's a plastic existence, a house of cards. This nation wasn't created to be a spend-thrift, debt-ridden cesspool. We came here to get away from religious quackery and to live a frugal life. Credit card companies brainwash people and stick credit cards up our ass and then fight to have bankruptcy laws altered (while nothing is done to corporate bankruptcy).

Many people only value their existence by the shit they possess whether they own it or the bank does.

[HereSince1628]

2. It takes 150,000 new jobs a month to take care of domestic pop. growth

I have no idea what the rate of immigration is on a per month basis but obviously these people need new jobs too.

When we are only creating 200k jobs a month and axing 50k a month with off-shoring the employment picture is barely breaking even, and the pay level is heading down toward starting salaries.

That is not a very good picture for 45-60 year old workers in US industries with mortgages, college tuitions for their chilren, car loans and credit card debt, and worries about their retirement.

[Double T]

3. There is the wall street economy and the real world economy.........

The wall street economy is doing well based on products made overseas by employees earning slave wages and companies that are supported by the state. The real economy is based on declining or vanishing real wages, benefits, pensions and ever increasing prices for just about EVERYTHING. How long will it be until the current formula for the real economy goes BUST???? Hang on to what you have got, it is going to be a rough ride.