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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: Peter O'Brien who wrote (96468)4/25/2007 11:10:54 PM
From: American Spirit  Read Replies (1) of 173976
 
I would sell your stocks now. I would short the Bush economy. It's like a big party at an expensive restaurant but the bill hasn't arrived yet. It shall arrive soon, and when it does no one will want to pay it. There is also a lot of irrational exhuberance now based on nice profit numbers this quarter nd young traderws who've never seen a Black Friday or Black Monday. Some companies will do great going forward, but many are priced to perfection and poised for huge falls.

We have record numbers of foreclosures happening now, the real estate boom is over, places like Vegas are way overbuilt, energy prices are climbing and the unemployment situation is much worse than Bushies are admitting. It is a timebomb, or a balloon payment crisis, and it's coming fairly soon. Of course the top 1%-2% will be fine, but everyone else, tighten your belts.

Ever asked yourself who's going to pay for Bush's trillion dollar "war" in Iraq? None of it is paid for yet. All borrowed. And remember how much the market if juiced now by 500 billion in deficit spending every year. Huge sugar high. We had the same thing in the latter Reagan years. The bill had to be paid. GHW Bush and Clinton paid it off. It took ten years. Then and only then did our economy rally again. And then in a sustainable paid-for way under Clinton where everyone did well, not just the elite, and the dollar was king.
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