Bush acknowledges Collapsing U.S Economy

an article publish here bush making statements that the us economy is in trouble.english.pravda.ru...

For some reason your link is not working





US President George W. Bush released a remarkable statement a short time ago. The remark has not been highlighted in the world media yet, although there is every reason to do so. Bush virtually acknowledged that the USA was experiencing a serious economic crisis. Moreover, the US government was taking immense efforts to avoid a massive outbreak of social uneasiness, the American president believes.

english.pravda.ru...

1. Your link doesn't work unless you cut and paste, it moves to a horrible land of pop-ups called pravada.com instead.

2. Here's the gist of the article for people who can't fix your link.Bush acknowledges the collapsing US economy

08/12/2005 14:23

...The law envisages 6,300 special projects in all states: bridges, highways, landscape accomplishment, snowmobile tracks, etc. Is it all so bad with the US infrastructure? George W. Bush released the key statement, which dotted all i's at this point: the law is meant to generate more jobs and give an incentive to the economic development of the USA.

The triumphant leader of the world's strongest superpower would never utter such words. The above-mentioned statements from the American president do not characterize the USA as a great empire. Quite on the contrary, the White House is desperately looking for measures to find employment for crowds of unemployed American citizens and hungry migrants, which threaten to enrage the rest of the States.

There were 9.3 million unemployed American citizens registered in the USA in 2004. The foreign trade shortage of the USA made up $617.73 billion in 2004, which became the record-breaking index for the USA. To crown it all, the US state debt reached unimaginable $7.22 trillion in 2004 too.

All optimistic reports about the rising US economy carry the short-term efficiency only - they are presumably destined to save the demising US dollar. Quarterly changes in the number of the unemployed by 100-200 thousand people do not change the general situation.

The USA has already faced such hard periods in its history. Taking a look back at the previous experience of the USA and estimating the new initiative of the American government, one may thus infer that the law about the transport system is like the last glimmer of hope for the US administration to keep the nation under control.

When massive unemployment put the USA on the brink of survival during the Great Depression of the thirties, the government started funding the development of the transport infrastructure - it became the only way out of the crisis. Highways, on which the government spent billions and billions of dollars, rescued the entire nation. It is worth mentioning that the value of the US dollar used to be lower during that time...

... The White House is going along the same path now. However, there is a certain aspect, which distinguishes the USA from the above-mentioned examples. Both Hitler's Germany and the USA of the Great Depression period were raising their economies up from the bottom. Nowadays, the USA enjoys the peak of its triumphant development, which is currently being damaged with the flaws of the American economic system. The USA obviously has something to lose.

Sergei Malinin


3. This interpretation sounds weird and off-color. Be prepared for a small onslaught varying from semi-literate grunts to detailed analyses that say "Bush never said this, how can you trust a Russian paper called 'Truth'?"



* Sauron was a quicker good Samaritan than me. *


[edit on 12-8-2005 by MaskedAvatar]

thanks man. what do u think?

This is a very misleading, propagandistic article to say the least.

Here are the quotes from the article, emphasis added :

Bush virtually acknowledged that the USA was experiencing a serious economic crisis.

One may come to this conclusion from the newly-signed law about the development of the US transport system.

Nowhere did President Bush actually state any of this. It's all in the mind of the writer. It's really a very normal transportation bill. Full of pork, to be sure, but still quite routine.

I think its crap!

We have lower unemployment than Europe and the Job Market is getting BETTER in the US daily, trust me, I know this!

The treasury is reporting RECORD receipts and the BUDGET DEFICIT is to be considerably less than last year, over 90 BILLION less so FAR!

So, its crap!

The economy has seen better days but the link you have is pravda, which alot of it is crap. so....

Originally posted by XphilesPhanThe economy has seen better days

Well Rome wasnt built in 3 years...

Yeah but it took Bush 3 months to destroy it. I love how that happened, don't you? Surplus, Greatest Economy Ever, republican gets in and it turns to sh*t, just like everything else he touches. Bush is a natural disaster that destroys everything in his path. HE COULDN'T FIND OIL IN THE MIDDLE OF AN OIL FIELD!!!! So the company went bankrupt. He killed the next business he was in, then destroyed the next one, ruined the Texas Baseball team, killed his next business venture, and finally killed America.

Of course this pattern is in all republicans.
Booming 20's=Democrat
Great Depression=Republican
Become thee Super Power of the World Rivaled only by Russia=Democrat
Sh*t Economy=Nixon and then Regannomics
Greatest Economy Ever/Largest Surplus Ever=Democrat
Worse Economy since the GD and largest deficit ever=Republican

When will people learn to vote democrat?

What? Lets check the facts, the economy was already headed south BEFORE he was even elected, another Tulipwalker myth........its all bushes fault.





This ad got one fact wrong when it showed Bush taking the oath of office January 20, 2001 and said that in that month a challenge facing Bush was “an economy in recession.” It’s true that the long economic boom of the Clinton years had run out of steam before Bush took office and that the nation’s economic output was flat. It grew at a weak 2.1 percent in the last three months of 2000 and then fell two-tenths of one percent in the three-month period of January, February and March 2001, according to the US Bureau of Economic Analysis . But the economy didn’t actually enter recession until March of that year, according to the National Bureau of Economic Research, an association of academic economists whose Business Cycle Dating Committee is the generally accepted arbiter of when business booms and busts begin and end. So to be perfectly accurate the Bush ad should have said, “An economy nearing recession.”



LINK




The Incredible Shrinking Deficit

The Incredible Shrinking Deficit

Remember last year how our Democrats were on and on about how President Bush's irresponsible tax policies were ballooning the deficit...we were saddling our children and grandchildren with a mountain of debt and only electing John Kerry could save us? Well, as we supply-siders fully expected, it didn't quite work out that way(subscrption required). From the Wall Street Journal:

Why is it that the dreaded federal budget deficit only commands screaming headlines when it's rising, not falling? And why is it that the deficit is portrayed as a fire-breathing, hydra-headed monster only when the press can portray the villain as "irresponsible tax cuts," not runaway federal spending?

We ask these questions in the wake of the great unreported fiscal story of 2005: the shrinking federal deficit. It's down by at least $100 billion because federal tax receipts have skyrocketed this year by 14.6% (or $204 billion) through June. Private economic forecasters now believe the budget deficit may come in at about 2.5% of GDP, which is in line with the historical average for the past 40 years. Given that we're fighting an expensive, must-win war on terror, these deficit numbers aren't too shabby.

Its really rather simple, Democrats; if you want to shrink the deficit - or even if you just want more government swag to spend on your pet programs - then the way to generate more revenue is to expand the tax base, not raise taxes. You'd think that Democrats would latch on to this - think how much more you can spend if our economy was $22 trillion rather than the current $11 trillion; grow that economy, and we can eventually fully fund every government program you ever thought of...heck, you can make a Department of Making Stuff Up when you run out of new spending ideas. All you need to do is keep a rational tax structure in place which does not punish work, investment and growth...you know, drop all that "tax cuts for the rich" class warfare nonsense.


LINK

Originally posted by James the Lesser

When will people learn to vote democrat?

Being a democrat is the easiest choice anyone could make. It takes no thinking whatsoever, just emotion.

I think most people start off being democrats, then change to Republicans when they get their 1st job.

[edit on 13-8-2005 by Carseller4]

Originally posted by Carseller4

Originally posted by James the Lesser

When will people learn to vote democrat?

Being a democrat is the easiest choice anyone could make. It takes no thinking whatsoever, just emotion.

I think most people start off being democrats, then change to Republicans when they get their 1st job.

Thats is the funniest thing I ahve read in a LONG time!