PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Srexley who wrote (553087)	3/17/2004 9:11:10 PM
From: Gus	Read Replies (2) of 769670

6.00% used to be considered the full employment rate below which inflation risks would rise disproportionately negating the advantages of even higher employment. It is a measure of the changing nature of our economy in relation to the rest of the world that that has not been the case even before the Cold War ended. Put simply, the end of the Cold War added more than 3.3 billion customers to everybody's target markets. Everybody. And that has profoundly affected the way people and corporations invest for the future. The rammifications are worthy of political discourse, but unfortunately, the Democrats are truly desperate after having lost both houses of Congress and the Executive branch. They can't run on foreign policy (with their troubling record of Cold War and post-Cold War defeatism) and they can't run on the economy (with most recent GDP at 4%+) so they have to demagogue the jobs issue to death with the help of the liberal media thus precluding any useful discussion about the changing nature of our economy. Some exoteric events may have to happen first to break the dynamics of this vicious circle created by the desperation of Democrats.

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