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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction
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To: Oeconomicus who wrote (1958)12/6/2003 1:21:49 PM
From: American Spirit  Read Replies (1) of 90947
 
Where are the GOOD jobs? Manufacturing jobs are down, wages are down, benefits are down and much of the consumer spending is solely based on mortgage refis and borrowing at low interest rates. When those rates start climbing and the real estate market falls, look out below. Bush has done nothing to build up sustainable industries in our country unless you want to count military products. It's a huge scam and sham recovery build on a major "sugar high" of un-targeted deficit spending, trickle down economics and taking care of the rich first. Bush's father called it Voodoo Economics and he was right. Spending more and taxing less brings the opposite of fiscal health and discipline. Some deficit spendign temporarily is good if targeted toward jobs and consumers, but these permanent tax cuts have already weakened the dollar 20% and may double the national debt within 6 years.
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