"Public Remains Anxious Over Economy, War"

[GreenPartyVoter]

WASHINGTON (AP) - The war in Iraq and the soaring price of gasoline are drowning out a succession of positive reports on the economy, putting President Bush on the defensive at a time when he could be basking in good economic news.

Despite months of economic growth, tame inflation, resurgent job growth and an unemployment rate near a four-year low, public approval of Bush's handling of the economy is at the lowest levels of his presidency.

That has left his supporters perplexed over why Bush hasn't gotten more credit for the improving economy.

But analysts suggest a host of reasons - including anxiety over terrorism and the Iraq war, soaring gasoline prices and high levels of mortgage debt in an environment of increasing interest rates.

http://apnews1.iwon.com/article/20050813/D8BV2FD00.html

[GreenPartyVoter]

1. kick

[European Socialist]

2. It's not a good economy. Median income is lower than 5 years ago.

[ProfessorGAC]

3. "That has left his supporters perplexed over why Bush. . ."

Excuse me, but if you screwed up the economy, you do NOT get credit if it gets a little better. That would be getting credit for doing a less crappy job.

A grade of F being raised to a C Minus (perfect for Silverspoon) is not worthy of credit.

The Professor

[newportdadde]

4. Tame inflation... job growth = BS

Please get real AP. The American people aren't the brightest bulbs sometimes but they aren't complete idiots. Normal people, not talking heads go out and buy grocers, fill up their cars and groan to themselves as they do so. Inflation is here and its real, the BS calculations used by the government conveniently leave out real costs like gas etc.

Simply put costs have gone up and wages have not we are starting to flirt with stagflation. The amount of discretionary money available to the consumer has dropped and its effecting industry, entertainment etc, that movie ticket money is now being dropped into a gas tank instead of the latest tear jerker or action movie.

The stock market has done jack and when people get their 401k statement they see that. If we didn't have the housing bubble to allow consumers to pile debt onto themselves you would see the standard of living in the US slipping even further and faster.