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Politics : Foreign Affairs Discussion Group

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To: geode00 who wrote (186023)	5/3/2006 4:51:02 PM
From: jttmab	Read Replies (3) of 281500

If Rove allows Dubyette to see the numbers, I suspect he's very confused. Interest rates are still pretty low, GDP numbers look good on the surface and, heck, productivity is always improving when wage growth falls behind inflation. GDP numbers can be tricky. For example, those 11,000 mobile homes sitting on an airfield bought by FEMA for New Orleans that can't be used because of FEMA regulations. ... added to the GDP, thank you. New home sales were up big and mortgage lenders are laying off people. Sales prices were down. I think we can expect that the housing boom is for all practical purposes over. I won't predict a pop at least in the DC area. Too much DoD and Homeland Security money going out to contractors and consultants. Need to watch re-fis and home equity lines. A lot of money went into the economy with low interest rates. jttmab

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