Bush: Economy on the upswing

[Maniacc]

WASHINGTON — President Bush said Saturday that Americans may have cause this Labor Day weekend to start worrying less about the nation's _ and their families' _ economic health.

"There have been some recent signs that our economy is beginning to improve," Bush said in his weekly radio address.

Among the positive signs that Bush referenced was a report Thursday that the overall economy, as measured by the gross domestic product, rose by 3.3 percent in the April-June quarter. This surprised analysts and was a significant rebound from growth of just 0.9 percent in the first quarter of the year. Most credit was given to the $93 billion in economic stimulus payments the federal government has sent to households since May.

However, other economic news this week showed that right after that second quarter, in July, consumer spending slowed to a crawl and personal incomes plunged.

http://www.huffingtonpost.com/2008/0..._n_122611.html

[TIGERJC]

With the credit and housing hurting so bad I will have to say the economy is just above water and the only reason why the economy is not completely in the toliet is b/c oil is going down and stablizing

[Maniacc]

I know bush is a liar, but he's also a retard. Haha, that's basically the point of this thread.

[BanginJimmy]

With the credit and housing hurting so bad I will have to say the economy is just above water and the only reason why the economy is not completely in the toliet is b/c oil is going down and stablizing

Housing is finally starting to stabilize though so we will start to see measurable improvements for the rest of the year.

Home values are also starting to stabilize also. Hopefully we start to see the benefits in the consumer market soon, but I dont expect anything special until next summer.

[green91]

This is actually a great strategy on his part, a majority of economic conditions are based on consumer confidence. Most people still have money but are less willing to spend it when the economy appears to be in a downtime. Public perception from the media greatly influences consumer confidence.. so if people hear that things are turning around they will believe it and be more willing to spend their money, thus improving our economic situation.

[Spektrewing386]

/\.............


thats how Goldman Sachs works.

many stocks change direction because of what they say, not because of the actual stock.

[Hulud]

I know bush is a liar, but he's also a retard. Haha, that's basically the point of this thread.

it goes without saying that he's a liar, he's a politician. lol


but seriously he's just trying to get people to go out and do stuff and spend money to help the economy.

if yo ustudy economics you are really studying ~6 months prior. you have no idea what is goin on at the present. economics is one of the most messed up ideas to study ever.


changes waaaay to quick