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

To: Suma who wrote (19374)	10/25/2004 9:24:35 AM
From: Oeconomicus	Read Replies (1) \| Respond to of 90947

"You call what our economy is in a recovery ? I don't. My portfolio has diminished under Bush. The price of oil is at an all time high and the following article will give you some realistic insight into the mess we are in. Besides which we have the largest deficit every recorded." Yes, it IS a recovery. Here are the quarterly (annualized) growth rates of GDP since the recovery began in Q4 2001: 4Q01 1.6% 1Q02 3.4% 2Q02 2.4% 3Q02 2.6% 4Q02 0.7% 1Q03 1.9% 2Q03 4.1% 3Q03 7.4% 4Q03 4.2% 1Q04 4.5% 2Q04 3.3% As for your portfolio, I submit simply that your disappointing results are more a result of the bubble bursting than anything else. That or poor choices - better to blame the bubble. ;-) Finally, re the so-called "biggest ever" deficits, please don't start sounding like Armpit. What matters is the size of the deficit RELATIVE to GDP (actually GNP might be better, but that's not important here) and on that basis we aren't even close to a record. It was much higher than today for most of the 1980s, half the 1990s, mid-1970s, 1968, and all but two years of 1932-1946. That said, I agree we need some real spending restraint in Congress. I think it's time for renewed calls for a line-item veto - one the courts can't toss out as unconstitutional. Then, of course, Bush has to use it.

To: Suma who wrote (19374)	10/25/2004 6:14:59 PM
From: Selectric II	Read Replies (1) \| Respond to of 90947

What did your portfolio look like on 9/12? Yes, I do call this a recovery. Unemployment is low, inflation is low, and home ownership is at an all-time high -- all in a post 9/11 wartime. Oil prices are high for a lot of reasons unrelated to the Bush Administration. Speaking of currency trading, the first thing that comes to mind is the shenanigans of the number one currency manipulator in the world, George Soros, who vowed to spend his vast fortune defeating Bush. I wonder how much of the market is being manipulated by good ole' Soros in his efforts to hurt Bush. Soros obviously wasn't satisfied merely breaking the Bank of England and hurting millions of people that way. Maybe he'll hurt all of us financially to get his way.