PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: DuckTapeSunroof who wrote (376030)	3/22/2003 9:16:29 AM
From: Baldur Fjvlnisson	Read Replies (1) of 769670

Buddy, yes and of course the Chinese have a stranglehold on Uncle Sam. Dumping of their assets would simply bring the financial system to its knees. What if the rest of the world dumps its dollars? We're looking at monstrous deficits, a weak labor market, overcapacity, staggering debt levels, a bloated housing market that seems about the only leg supporting the economy. The debt liquidation cycle has been extremely punishing. Will Bush go right into preparing the next war? Or will he be forced to deal with these serious issues? A hundred billion dollar deficit in a single month and estimates of trillions in fiscal deficits over the next years - and the guy talks about tax cuts? Frankly I think it's unreal.

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