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

To: DMaA who wrote (542159)	2/18/2004 6:13:19 PM
From: DuckTapeSunroof	Respond to of 769670

"Since the last three recessions, job growth has increasingly lagged behind the beginning of the recovery." >>> That is generally true. (But to what magnitude each time?) "Probably represents fundamental changes in the way companies do business." >>> Perhaps. (Or else it more predominantly represents other factors entirely....) "The job recovery is now underway and should be accelerating into the election." >>> That's speculative to the point of being 'rose colored glasses'. >>> For example, very little of the economy's excesses were wrung-out in our shallow recession --- meaning that they still await the 'wringing-out process'. It's just as possible, I would argue, that after the elections the Fed will move to tighten credit... or foreigners will decide to quit taking it in the ear (from dollar-denominated losses) and sharply cut back on their financing of our deficits --- prompting a rapid setback for US financial assets... or any number of other - some unexpected - events could occur, which would extend the pain for our economy. >>> World-record twin trade and budget deficits, corrupt and overly complex tax system, Fed 'pushing on a string' with record liquidity infusions which must be mopped up... don't lend themselves to the 'rosy scenario' being the only possible outcome... or even the most likely.