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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: Bill who wrote (89832)3/14/2007 1:00:58 PM
From: American Spirit  Read Replies (1) of 173976
 
As predicted the Bush economy is tanking now. I am surprised it held on this long. It was all built up on borrowing and spending, debt and more debt, from the US government down to the average consumer. The real estate boom was fueled by cash from China which kept interest rates low. While our jobs were being sent to China. The Wall Street speculators once again created a feverish casino where it seemed the markets would go up together.

But look at what happened after the Vietnam War. Recessions and pay the bills time. When the bill for Bush's trillions in deficit spending comes due, and it will soon, what do we do then?

This Iraq War boosted the economy for awhile but now comes the hangover, and it could be a long one. The saddest thing is the costly war actually helped our enemies and made us weaker. That's the real tragedy. Boy did Bush-Cheney blow it.
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