The Republican economy and the simplicity of it

[INdemo]

The Clinton era left us with a surplus budget but it certainly didn't take long for the Republicans to run up our debt to record levels..Yet we keep hearing through the doctored DOL employment stats that employment is near record levels and our economy is just fine.. The so called independent Fed. Reserve Chairman has raised the prime rate about 26 times and now those with those easily financed flex rate mortgages are struggling while the Republican owned mortgage companies are earning record profits. The CD rates at some banks are now almost 5.5% compared to less than 2% toward the end of Clintons term. I could go on and on with examples and haven't even touched on the oil speculation yet but our economy is just fine..Ask any Republican

[MercutioATC]

1. It's all about shifting the focus. Have you noticed:

When unemployment numbers were up but the stock market was doing well, the stock market was their "proof" of a good economy.

Now that the unemployment numbers have dropped (yes, I know why...but a lot of people only read the number) and the stock market is down, employment is their proof.


It's a damn shame that most Americans have the attention span (and intellect) of a gnat.

[INdemo]

2. As we think about it

About every other ad on TV several months ago was trying to coax home owners to refinance their mortgage. In some cases advertised rates were as low as 4.5%......What they didn't tell those who were suckered in was that these rates were flexible..Oh yes there were fixed rate mortgages with very low rates if the borrower had gold plated credit..Now those with the flex rate mortgages are starting to pay out the nose and Republicans who own those companies are laughing all the way to the bank..Now this was the plan from the beginning and now those home owners are paying the price big time...
You are correct about the unemployment rate..I would bet that the actual rate is probably closer to 6% or higher...Nothing adds up to the facts they give us...