Bush news conference about good economy do you believe it or not?

[butterfly77]

If you do tell us why if not why not? Do you believe the 4.5 economic numbers

[Jim__]

1. Do I believe it? No.

Why not? Bush said it.

[devilgrrl]

2. Not at all!!!!!!

Up is down with these assholes. They've never been straight with the public before, why should we start believing them now.

[unpossibles]

3. I believe the economy is up for a select few

the economy is up, and so is the gap between what we the people make and what the Corporate masters make off our work.

[whistle]

4. No sure what you are referring to....

...do you have a link, video, transcript?

Did GWB claim 4.5% growth rate?

Not sure what he is talking about, because in QTR IV 2005 Real GDP increased by just 1.7%, and now for the QTR I 2006 the rise in real GDP was 5.6%. This past QTR II (Apr/May/Jun) data will not be available for another three months officially.

<snip>
EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, THURSDAY, JUNE 29, 2006

Virginia H. Mannering: (202) 606-5304 (GDP) BEA 06-30
Greg Key: (202) 606-9727 (Profits)
Recorded message: (202) 606-5306


GROSS DOMESTIC PRODUCT: FIRST QUARTER 2006 (FINAL)
CORPORATE PROFITS: FIRST QUARTER 2006 (FINAL)

Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- increased at an annual rate of 5.6 percent in the first quarter of 2006,
according to final estimates released by the Bureau of Economic Analysis. In the fourth quarter, real
GDP increased 1.7 percent.

The GDP estimates released today are based on more complete source data than were available for
the preliminary estimates issued last month. In the preliminary estimates, the increase in real GDP was
5.3 percent (see "Revisions" on page 3).

The increase in real GDP in the first quarter primarily reflected positive contributions from
personal consumption expenditures (PCE), exports, equipment and software, and federal government
spending. Imports, which are a subtraction in the calculation of GDP, increased.

The acceleration in real GDP growth in the first quarter primarily reflected an upturn in PCE for
durable goods, an acceleration in exports, an upturn in federal government spending, and an acceleration
in equipment and software that were partly offset by a downturn in private inventory investment.
<more>
http://www.bea.gov/bea/newsrel/gdpnewsrelease.htm

[butterfly77]

7. just before the news conference today ...

I wasn't looking at the television that closely but I did see 4.5 or 4.6

[anarch]

5. I believe there have been record profits for the oil industry

and for Halliburton and the like. And I believe the very rich are doing pretty well.

On the other hand, I believe I'm going to have to beg for food and/or money again at the end of this month, since my paycheck no longer covers the cost of living.

[Fire Walk With Me]

10. Ding! And looking better all the time. They threatened to raise gas prices

agan, "if" new storms hurt the Orleans/Gulf refineries. Considering that the weather services mentioned that the next three years will likely be the same as last year, what a great way to forcast your oil profits.

[whistle]

11. You got that right, basic grocery shopping for staples has jumped

...through the roof. At least 50% to 60% more than what I paid two years ago and I live alone. This is with buying store brand items when ever there is a comparable. I used to pretty much buy branded items, but I avoid those completely now. Gasoline, utilities, food, inflation is hitting the low income and fixed income people the hardest. Republicans have been a disaster for everyone but the very rich and those who make their living off helping the very rich remain very rich.

It has been never more relevant, that if you want to live like a Republican, vote democratic.

[JackintheGreen]

6. I just got $50 from my grandma

That's $50 more than I had yesterday, so things are looking up!

[mcscajun]

8. No, no, and Hell No!

I used to work in IT, now I work part-time in a doctor's office. This morning I met two of our patients, both in their early 50's, both victims of outsourcing. One has been looking for work in her field (or anything else that is comparable in responsibility and pay) the other is working as a waitress and TRYING to get bartender work. I and the waitress count as "Employed" and the other has already dropped off the unemployment numbers.

There are plenty more women out there like us, and a lot of men in the same boat. UNDERemployment is the name of the game these days, and I don't believe ANY UNemployment numbers; haven't for a LONG Time.

I haven't even factored in interest rates and gas prices in this equation.

[Ksec]

9. again, heres why weve become so poor

The new economy. Since so many people have the new retirement 401K's then they can say that most of America are stockholders and whats good for the shareholders is good for everyone. To Hell with your job and your wages. The bottom line of the corporation is what matters since were all shareholders. Thats whats made a lot of the new poor today.

Your job goes overseas so the corporation can "compete" with slave wages and can keep those stock prices up (good for us since were "stockholders"