The spinsters on both sides of the fence will always make it out to be to their advantage in an effort to smear the other side. If you want to see if the economy has improved or not...just look at how real life is. Are people spending more? Are people working more? Are people on welfare more? Are people paying more taxes? Check out your own life...are you at risk of losing your job? Have you lost your job? If you're in any kind of job where the exchange of money is involved, has the trend increased or decreased? If you walk the streets, do you see more or less homeless people? If you're in the market for a house, or looking to sell a house, how's that going? Prices going up or down?
This is such a bullshit one-subject issue that both sides are gonna push around but in reality, the effects of policy have very little effect by themselves. Neither Bush nor Obama are responsible for economic changes, as much as we would like to make them both into scapegoats. The real cause for economic change comes from the select few at the top who control the flow of money. Their actions dictate the economy, not the government's actions. Although the President and Congress can certainly influence the economy, they have no direct control over it.
Now, here in PR, things are entirely different. The government CAN and HAS royally raped the economy. Aníbal Acevedo Vilá, the last governor, totally fucked PR by screwing with the tax system...after promising that there would be no service tax instated (the New Progressive Party stated that they WOULD implement it, and the people voted against them for this reason), he went ahead and did it anyways. In the meantime, they decided to do away with the import tax of 6.6%. Prices should have fallen...in fact, many places were advertising that prices would now be 6.6% lower. A total ruse...nothing went down in price, and now there was a new 7% tax stacked on top of the prices people were already paying. Between this and the large number of corruption charges he faced, he was easily defeated by Luis Guillermo Fortuño Burset in 2008. Of course, Fortuño fucked PR further by cutting over 17000 low-level government jobs by lottery. PR needed to reduce its number of government positions, as there was a huge insurgence of "useless" government jobs given to lackey asshats by Sila María Calderón during her reign of terror as governor. But instead of cutting the jobs in high-level positions, where it would have had some kind of effect, they just started cutting low-level positions by lottery, firing teachers, police, etc. at total random. The high-level fat cats in San Juan all still have their jobs untouched and voted themselves yet another raise while thousands of real workers got screwed. The economy here did a nosedive and has yet to recover.
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