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Politics : Don't Blame Me, I Voted For Kerry
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To: CalculatedRisk who wrote (8065)3/18/2004 6:57:33 PM
From: Jim Willie CBRead Replies (1) of 81568
 
debt levels doubled across entire US Economy in 1990 decade
household, corporate, federal
not Bushy's fault

this recovery was doomed regardless of policies
the debt headwinds, combined with overvalued USDollar,
combined with technology advances facilitating outsourcing,
all way too much

dont get me wrong
Bushy has brought true moronic economic thought to the White House
but his policies are perhaps 10% of the problem

the real problem is the entire Greenspasm post-exuberance era
1996 to 2000
easy money, excessive monetary expansion, debt growth
and also the exported inflation from USA from 1980 to 2000
which brought on overcapacity across Asian exporting nations
END RESULT: USA aint competitive no more, while overburdened by debt

politics and policies are a miniscule component to economics
but they take up over 90% of many people's thought process
a colossal waste of time
/ jim
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