<<The economic danger is suffocation under an excess of taxes, government subsidies and welfare programs. It's insidious because it creeps up slowly over time. Think Europe.>>>
Think California, also. (g)
Speaking of money, it seems to me that predictions of what GWB or politicians will do next and what our foreign policies may be are clearest when related to our economy.
Our economy was the major thing under attack by the terrorists, and they really crushed the airline industry which is still hurting. We would lose business travel, vacation travel, resort business, and air transport of goods.
Europe is stagnant for the reasons mentioned, Iraq can become a big trading partner. The war is creating jobs which will overcome our rising unemployment figures.
WMD's provide a way for terrorists with small effort to disrupt our economy and trade so it is important to eliminate those, which is why Syria has risen to the top of the hit list, for some kind of action.
It is the econmy, the flow of money to consumers and back to the producers that is the most important and
which the government is concentrating on with tax cuts and rate cuts.
The costs of doing that are high, but the losses by doing nothing would be far greater.The deficits and borrowings will be paid back with far cheaper dollars because the end result will be inflation. Our homes will be worth double what they are today, so everyone can feel rich, even if their social or financial position in society is unchanged or even decreased a bit on average..
Sig |
