The section named Economic Issues in the article on George W. Bush uses the example of Bush's economic success by stating, "For example, during his term Exxon Mobil has posted the largest profit of any company in a single year, and executive salaries have greatly increased as well." So saying that a companies record profits brought in part due to record gas prices means that our economy is doing better? What about the fact that the Federal Reserve keeps raising interest rates to battle inflation and that people who purchased houses during the housing boom can't afford to keep their homes because of the rising interest rates? Or the fact that studies have shown that the gap between the upperclass and the lower class is growing while the middle class is being erroded away because of outsourcing? Or the fact that people in the U.S. continue to bury themselves in credit card debt and the lack of progress to ensure the future of Social Security. Also, there is growing concern over the over extension of credit that has been handed out, which is beginning to be considered comparable to what happened right before the stock market crash in 1929. Our economy is not doing any better and the United States keeps sticking thumbs in the holes of the dam instead of patching it up, if something isn't done soon, our country could suffer another economic crisis. | The section named Economic Issues in the article on George W. Bush uses the example of Bush's economic success by stating, "For example, during his term Exxon Mobil has posted the largest profit of any company in a single year, and executive salaries have greatly increased as well." So saying that a companies record profits brought in part due to record gas prices means that our economy is doing better? What about the fact that the Federal Reserve keeps raising interest rates to battle inflation and that people who purchased houses during the housing boom can't afford to keep their homes because of the rising interest rates? Or the fact that studies have shown that the gap between the upperclass and the lower class is growing while the middle class is being erroded away because of outsourcing? Or the fact that people in the U.S. continue to bury themselves in credit card debt and the lack of progress to ensure the future of Social Security. Also, there is growing concern over the over extension of credit that has been handed out, which is beginning to be considered comparable to what happened right before the stock market crash in 1929. Our economy is not doing any better and the United States keeps sticking thumbs in the holes of the dam instead of patching it up, if something isn't done soon, our country could suffer another economic crisis. |