Originally Posted by dr325i
Was as high as 8% in last 6 years. Still higher than in 1999, but good. You cannot blame GWB for the economy downturn as you cannot cheer him for the low unemployment rate -- cyclical...
Since 1996 the highest the unemployment rate has been is 6.3%
in June 2003.
I neither gave credit to the President nor did I assign him blame, I simply responded to the assertion that the state of the nation is in the crapper.
True. Our average GDP growth over past 12 months was just over 3%. But who cares about G7. Look at China, Russia, India... (10.7, 6.1 and 8.4% respectively)
Comparing apples to oranges.
GDP (PPP) per capita:
USA - $41,399
PRC - $7,198
Russia - $11,041
India - $3,320
Being Invested in the stock market is not necessarily a good thing -- ask Enron people...
It is definitely better that most places (for now), but far from where is could be...
If you are not invested in the stock market than you are an economic idiot. If you are invested in the stock market and not diversified, you are a bigger economic idiot.
Again, the state of the union is NOT
in the crapper.