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Politics : Stockman Scott's Political Debate Porch

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To: fresc who wrote (69626)12/28/2004 2:16:21 AM
From: Jim Willie CB  Read Replies (3) of 89467
 
Bushy on the US Economy is a tragic event in progress

you mean the new statistical jobs created (NOT)
as we export them to Asia and China in particular
(90% of the 2004 new jobs are of fictitious statistical basis, not reality)

you mean the job outsourcing which produces net new jobs (NOT)
with the clinged claim of comparative advantage (NOT)
which is the info tech knowledge, given to China
but which temporarily aid big businesses and share holders

you mean the tax breaks to the wealthy
which resulted in speculation, not new business creation and jobs
while working class are squeezed and middle class shrinks

you mean the Strong Dollar policy (NOT)
which has resulted in massive export growth
(but imports are growing 50% faster)

you have to be kidding !!!
his economic legacy is a total total total disaster

trade gap has grown from $30 billion per month to $55B
federal deficit has grown from $150B annually to $700B
wages have not kept pace with costs
debts have grown to dangerous levels
the entire economy has morphed into a hedge fund
most new income depends upon asset growth and inflation


let me repeat
Republicans do not care about facts
only power
you are dreaming while awake !!!
/ jim
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