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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

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To: Brumar89 who wrote (109752)11/26/2007 4:30:03 PM
From: American Spirit  Read Replies (1) of 173976
 
The market drop today shows the global anxiety about the US dollar, Bush-Cheney's reckless and corrupt supply side shenanigans and our poor balance of payments.

While the feeble dollar may help a few exporters as well as our tourist industry it is a hugely damaging and risky situation. I believe there is already a semi-run on the dollar in play, and that we have begun the big Bush recession which will probably last longer than Reagan's did, that is for 4-5 years. That would include a bear market and a poor or stagnant real estate market. The only way we can win back the trust of the world economically is to start paying our bills and balancing budgets. That will mean raising taxes on the rich and big corporations. Democrats will resist any tax hikes on the middleclass however as they are the ones hit the hardest by Bush's policies, and most unfairly.

BTW, the sharp and sudden drop today was attributed to poor retail news, so wherever you get your economic news, don't believe those guys again.
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