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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (31450)	5/15/2000 5:36:00 PM
From: Skywatcher	Read Replies (1) \| Respond to of 50167

In addition to putting the little people down even more, the problem of BOTH interest rate hikes AND higher oil prices is really taking it's toll on those least able to afford the dual upticks in expenses... As for those spending to freely, the dicotomy in the economy is continually being ignored as those WITH money have a lot more and those WITHOUT money are sinking lower and lower into 'the barely able to pay the rent and utilities' bracket. And again...the interest rate hikes will do NOTHING to the inflationary aspects of higher oil prices which are just getting factored into the other aspects of the economy, other than the obvious gas, trucking, transport side of the costs that are already seeing higher prices... Higher wages are the fact when facing a great demand for workers, and when the hikes in wages are caused by actual shortages of labor (not just hikes due to inflationary spirals like the past when unemployment wasn't anywhere near this low of a percentage) that means the economy is doing WELL...as it has been pointed to on this thread before, the big boogie man of inflation is ALWAYS in a bad economy, and it's extremely rare for it to have a negative effect in an economy that is moving ahead so well...He is risking the inevitable RECESSION from these actions and in fact putting much more risk into the other markets of the world as he did the last time he tried to mess with it all, leading to the Asian crisis just a short time ago. Why take that chance??? chris