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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: portage who wrote (21347)	7/1/2003 8:54:48 AM
From: stockman_scott	Read Replies (1) \| Respond to of 89467

Poll: Support for Iraq war slipping cnn.com <<...Only 56 percent of Americans view the current fighting as going well in Iraq, according to a new CNN/USA Today Gallup poll. That is much lower than the 70 percent in late May and the 86 percent in early May who thought the fighting was going well...>>

To: portage who wrote (21347)	7/1/2003 9:00:31 AM
From: Raymond Duray	Read Replies (2) \| Respond to of 89467

portage, The adult supervisors are starting to tap on Little King George's shoulder: news.ft.com Bush tax cuts 'may sap confidence' By Christopher Swann in London Published: June 30 2003 19:49 \| Last Updated: June 30 2003 19:49 The Bush tax cuts risk undermining confidence in the health of US public finances, according to the Bank for International Settlements, the forum for the world's central banks. The BIS said in its annual report that the Bush administration and the US Federal Reserve had been right to take action to boost the economy. But it said the $350bn tax cuts package agreed by Congress had "not been helpful" and there was a danger that debt would reach unsustainable levels. The BIS warned that the US risked exacerbating imbalances in the US economy which could result in a painful correction in the future. The Fed may have contributed to new imbalances, the report suggests, by fuelling a rise in house prices with its steep interest rate cuts which have led to a further build-up of debt. The sharp reversal in US government finances has become a growing source of concern. The latest official forecast for 2003 is for a deficit of more than $400bn, compared with a budget surplus of $236bn in 2000. The BIS urges the US to adopt a system to guarantee the sustainability of government debt, along the lines of the eurozone's stability and growth pact - although it criticises the pact as too inflexible. Its report also echoes private-sector economists' concerns that the US government may be reluctant to rein in fiscal policy when the economy is out of danger. "The tax cuts should have been more short-term and reversible," said George Magnus, global economist at UBS. "Long-term commitments to social security will also weigh heavily on public finances," he added. The report suggests that the US is much less likely to succumb to the deflationary problems that have blighted the Japanese economy. While the Japanese asset bubble of the 1980s was fuelled by Japanese money, the US bubble of the late 1990s was financed by funds from abroad. As a result, the deflationary threat was more serious in the countries such as the eurozone than in the US itself, the report argues. In spite of the steep fall in the dollar over the past year, the BIS said the US currency was not out of danger and the size of the current account deficit would continue to weigh on it. Slower economic growth in the eurozone and Japan meant that any improvement in the current account position was likely to be slow. "Currencies that are floating more freely [in particular the yen and the euro] might come under substantial upward pressure," the report warns. ******* "has not been helpful"? I have to wonder if the BIS is showing a bit of cheekiness, mocking Field Marshall Rumsfeld. <gg>

To: portage who wrote (21347)	7/1/2003 12:02:51 PM
From: jlallen	Respond to of 89467

LOL! Bush wins easily in 04. Get used to it.

To: portage who wrote (21347)	8/22/2003 6:57:31 AM
From: stockman_scott	Respond to of 89467

portage: This country needs General Wesley Clark more than it ever has. We need a President with HONESTY, INTEGRITY, AND EXPERIENCE. We need a President who does NOT live off family connections and failed business deals. We need a President who does NOT cater to the interests of big business at the expense of protecting our environment. We need a President who will put the country back on a fiscally sound basis. We need a President who will work with the U.N. and our allies to solve problems. And most importantly we need a President who has seen combat and who would NEVER lie (or exagerate the threats) in order to take our country into an elective war. Bush vs. Clark. There is NO comparison. draftwesleyclark.com draftwesleyclark.com draftwesleyclark.com veteransforclark2004.us veteransforclark2004.us draftwesleyclark.com dailygusto.com