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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Bald Eagle who wrote (442223)	8/13/2003 10:34:54 AM
From: gerard mangiardi	Read Replies (2) \| Respond to of 769667

This econ cycle will end when Bush is out and sound policies are in.

To: Bald Eagle who wrote (442223)	8/13/2003 12:18:42 PM
From: Kevin Rose	Read Replies (1) \| Respond to of 769667

Given that the preceding recession was somewhat mild, and the result of a burst bubble, you'd think that the cycle would be over. Normally, such significant stimulus would send the market and business through the roof; here, it has hardly caused an upward blip. However, I believe that we have not recovered because of a lack of confidence in the Bush policies. So much of business growth starts with confidence; confidence to start new businesses, confidence to expand and hire, confidence to take risks. But being on a constant war footing has eroded that confidence. Now, add to that the ballooning deficit (an indication of growing fiscal irresponsibility), and business confidence has taken a near-mortal blow. Now, consumer confidence seems to be following the same road. The economy is dangling on the paradoxical consumer spending and housing. I fear it is whistling in the graveyard... I believe we won't see a significant recovery in jobs until the international situation is stabilized. Unfortunately, by that time, other economies may take away our growth, especially in tech. Could be a historical shift of economic power...