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

To: JakeStraw who wrote (483873)	10/30/2003 1:01:36 PM
From: jackhach	Read Replies (1) \| Respond to of 769670

Will economy create 125,000 jobs a month to break even? NO! It may for a month or two -- but that'll be it. > Housing has/will peak any hour now; and consumers are racking up debt way beyond their medium to long-term capacity to pay it. > National Debt is EXPLODING -- creating an environment that'll quickly make it necessary for private corporations & individuals to compete with the US Treasury to raise capital/expand/borrow. > US capacity utilization is still, at best, in the mid to high 70% -- meaning most plants/companies (all other things being equal) need to increase overall production/sales by 20 to 30% before they NET hire. > Defense spending has already peaked and can only flatten or go down from here. With $150 to $200 billion of borrowing already being spent in a foreign countries (Afghan & Iraq.) > The cost of healthcare is EXPLODING -- and is creating an environment where thousands of citizens are foregoing the cost of premiums monthly (even where it is company subsidized). As many as 8 to 10* million citizens will lose TOTAL benefits in the next 18 to 24 months -- putting the number of uninsured well up over 50 million. This will in turn decrease a demand for preventive/cost saving procedures and result in far higher emergency room/acute care visits; wherein we all have to pay anyway. -JH * estimate provided by the OMB