The Economy Will Improve by May 2011
by Moondog950
Saturday November Ninth Two Thousand Ten
Room
I’ve been asked to put my predictions on the economy and the reasons why I have come to these conclusions on this Blog.
Most know I believe the Democrat party to gain power in desperation destroyed a working economy. This is how and why the dems went to these lengths.
I believe George W. Bush is one of America’s most maligned presidents and this is why.
The democrats felt the George W. Bush was given the election in 2000 by the Supreme Court making him the first selected president.
http://webspace.webring.com/people/hs/smooth345_2000/gwb.html
G.W.B. inherited a mild recession and corrected this problem with small tax pre bate (a rebate before paying the tax). http://www.pbs.org/newshour/extra/features/july-dec01/tax_rebate.html
The balance of this tax plan called Economic Growth and Tax Relief Reconciliation Act of 2001 which was outed as The Tax Cut for The Rich by the Democrats.
The First major attack in this century on the United States soil known as 9/11 happened on G.W.B's watch. He was blamed for acting poorly and by some knowing and or taking part in the destruction of this attack. http://www.youtube.com/watch?v=RZOu65YIXfA
Democrats felt they were coned into voting for The Iraq War Resolution. This resolution allowed America’s first preemptive war. http://uspolitics.about.com/od/wariniraq/a/jt_resolution.htm
This war started in 2003 http://www.australianpolitics.com/news/2003/03/03-03-19.shtml
This was the start of the Democrats attack on the economy of the United States.
In 2004 Bush economies still weaken by the attack of September 11, 2001 having only housing asn’t limping along. The Bush’s economy was in a housing boom with little sign of weakening other sectors were weak with no sign of improvement. More American families owned homes than at any other time in our history. Housing prices had also hit new highs, which prompted President Bush to ask for controls on the loan companies guaranteed by the federal government Fannie Mae and Freddie Mac. I believed then and now controls were needed. Barney Frank and other members of the congressional Banking committee made it sound that the President was trying to make it harder for the poor to buy homes. I believe that president and his advisers had it right controls were needed. Congress refused to offer a Governing Agency bill for these government guaranteed lenders. http://www.youtube.com/watch?v=y4A0RuXhnQA
The Democrats believed the above and other slanders were enough to make G.W.B. the first Republican one term president since Hoover. They ran John Kerry who lost his election against the weakened George W. Bush. Democrats claimed the election was stolen by Diebold the electronic voting machine maker and started an investigation. This investigation found some
reason to ask for improvement in the machines but no reason for a revote. http://www.commondreams.org/headlines03/0828-08.htm
In August 2005 Hurricane Katrina hit the Gulf Coast causing a great deal of havoc and loose of property. The hurricane also caused a spike in gasoline prices nationwide. The havoc of this storm and the increase in oil price were again blamed on President Bush. http://www.katrina.noaa.gov/
Retail gas chart http://www.gasbuddy.com/gb_retail_price_chart.aspx
The Bush housing boom was starting to weaken due to poor ob numbers and fuel costs. The foreclosure rates were increasing with help of the Bush’s harsh press and power hungry loyal opposition the Democrats spent the time between the 2004 election and the 2006 election weakening President Bush‘s ratings and were able to make many Americans believe that this was the worst economy since 1929.
Foreclosure chart http://bettyjung.wordpress.com/2008/12/06/historial-foreclosure-rates-1979-2007/
Bush’s approval polls slide and the 2006 election is in question. Bad press wreaking housing and high fuel prices all become issues in the 2006 election.
Approval polls http://www.realclearpolitics.com/polls/archive/?poll_id=19
The 2006 election was a victory in both the house and the senate. Democrats had a slime majority in the senate and controlled the house. http://www.cnn.com/ELECTION/2006/pages/results/bop/
The 2007 Congress lead by Nancy Pelosi promoted the end the war in Iraq impeach Bush for war crimes and control fuel cost during the elections. The impeachment was first taken off the table, a fight over the Iraq war an increase in troops and spending was needed and the congress felt otherwise. Harry Reid told America the war was lost, Hilary Clinton told us the government was lying about progress in Iraq. The Dow industrial average was nearing an all time high which it hit in Oct of 2007. Even with the high foreclosure rate and increasing fuel costs unemployment was still low in December 2007 the unemployment rate was only 5%.
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=LNS14000000
If the economy was good could they retake the White House? What could they do to weaken the economy housing? Remember the loan companies that were government guaranteed, Fannie and Freddie in April of 2007 they told congress they were going to make subprime mortgages. Congress could have stopped them but congress knew this was the lynch pin to their victory in
2008. If they could time Fannie and Freddie’s failure in late in 2008 the President would be blamed and his party defeated badly in the election. ttp://www.reuters.com/article/idUSN1738401820070417
The congress went to work telling big oil that they either lower prices or they will be investigated and or taxed. The congress never acted to reduce oil prices in anyway one of their promises. Oil hit an all time high in July of 2008 145 dollars a barrel. I believe the Democratic
controlled house and senate knew what they were doing killing the economy to win an election.
http://www.nyse.tv/crude-oil-price-history.htm
The NBER called the start of the recession in December 2007, I ask why? Unemployment was low 5%, GDP was up from previous quarters then why were we in recession?
I believe the NBER isn’t non partisan as they state. I believe the recession started in March 2009 after two consecutive quarters of declining GDP and increasing unemployment.
The NBER claims the recession ended in July 2009 if this is true why is unemployment increasing in November 2010?
I believe the recession should end before March 2011 and the recover should be underway by April or May 2011.
Yours Moondog950
