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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (2713)	12/14/2003 3:03:40 PM
From: American Spirit	Read Replies (1) \| Respond to of 90947

Bush's economics are NOT working. This "growth" is just a statistic spurred by amssive deficit spending. It has nothing to do with peoples' lives and it's shocking that it hasn't created millions of new jobs. What a waste if it doesn't. The fact that there are so few jobs means that the 1.5 trillion in new debt during these four years may fail to produce revenue growth. Bush may even lose more than two million jobs during his presidency despite the greatest ever spending spree in history. That kind of spending plus revenue shortfalls puts the government's very solvency at risk. The dollar's 20% fall says it all about the loss of wealth of this nation during the past 3 years. Currency numbers dont lie. We do have a stock market recovery and a real estate rally, but those are not sustainable. In fact they are already bubbles ready to burst IMHO. The big question is interest rates. Can they remain so low for much longer? Greenspan is doing everything he can but at some point he has to let them go back up. My prediction is that if GW is elected we will not recover for ten years in terms of jobs and fiscal health. AT some point we have to pay back all ths debt, don't we. So should we just charge it to the next generation? That sound fiscal policy to you?