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If I were Bush, I wouldn't be bragging about the economy

DarkSyde debunks the myth of the bull market.

In brief:

  • Dow at 12,000? Big deal -- we're back where we were in 2000.
  • We're still running up tab on the national credit card -- and our kids will have to pay it back.
  • And if you think tax cuts stimulate the economy, think again: That last tax cut of $550 billion was supposed to generate 1 million jobs -- that works out to $550 thousand per job. You and I would have to work a loooooooooong time to make that much from our jobs. But of course, we won't: we'll make a fraction of that and the rest of the money will go to...well, let's just say, it won't "trickle down."
  • And, sadly, wages have remained stagnant and health care costs are way up. In short, you keep less of your paycheck -- even after getting that $75 tax cut a couple of years ago.
Had Enough? Vote Democratic on Nov. 7, 2006.

If you're still not convinced that there's a difference between Democrats and Republicans, watch this ad:


Also, the well-behaved DOW is heavy on industrials, which are benefiting from the low US dollar. The S&P and Nasdaq are still far, far below the 2000 figures. Add to that the disasterous housing bubble collapse and the fact that most families are being dinged hard by the CPI, it's no wonder that most people don't see an economic benefit over six years ago. There isn't one.

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