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Politics : Formerly About Advanced Micro Devices

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To: Brumar89 who wrote (307812)10/26/2006 6:12:28 PM
From: American Spirit  Read Replies (1) of 1572481
 
The economy is not doing well for most Americans. The stock market is high because there has been a huge wealth transfer from the middleclass and government to the well-to-do. And this primarily benefits those worth over 10 million, the very rich. Worse, even as taxes have been cut (especially for the rich) the spending has gotten worse and worse and so it's all deficit spending now. Plus, energy, rent and health costs have doubled and tuition is up by a third.

Of course, any boob can make an economy go if he deficit spends 350 billion a year. If you borroweed an extra $100,000 a year and spent it you might appear to be doing well too, but a lot of it under Bush is a illusion, a party wqith a big hangover coming. Bush's own father was right when he called it Voodoo Economics.
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