PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: MKTBUZZ who started this subject	3/19/2003 2:17:21 PM
From: Baldur Fjvlnisson	Read Replies (3) of 769670

Rocket surgery for right wing kooks. The fourth quarter of 2002 showed anemic growth if any. The first quarter of 2003 is just about as dead. Jobs are collapsing and uncompetitive US corporations are scrambling to outsource to India - at 1/8 the cost. They are in it for the money and are unlikely to go belly up for so called patriotic reasons. So they dump overpriced US workers. Because of the vast debt load, a slowing economy with negative growth of two to three percent can capsize over-indebted corporations, maxed out consumers, leveraged homeowners and every other category of debtors. The dreaded credit crunch is already upon us. Social sympathy will butt heads with bankruptcy. Right wing kooks and their fruitcase leaders will blame Clinton.

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