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To: Sig who wrote (174779)5/1/2005 9:44:42 PM
From: John Koligman  Read Replies (1) | Respond to of 176388
 
Sig, the Bush administration tells us every day that the economy is 'strong'. For the average worker however, guaranteed pensions are dropping by the wayside every day. Even those with old style pensions that they 'earned' are in some cases getting hammered when their firms declare 'bankruptcy' and the government assumes pension obligations at a reduced rate. Of course we have the infamous situations like the one at United where the executives put their retirement benefits in guaranteed trusts. At the end vultures like that guy Wilbur Ross who bought steel and coal assets on the cheap end up with millions. Now social security will be cut for all but the lowest wage earners, and medicare will probably be next. Health care costs are soaring and millions have no insurance, and you don't hear much about it at all from the current administration. They are talking about gas prices now though, but saying 'hey, we can't do nuthin 'bout it'. We are goin to rescind those fat tax cuts we gave to those who buy Hummers for business though, how about that! The transportation sector of the US economy accounts for two out of every three barrels of crude used, and gasoline alone accounts for half the nation's oil consumption. Mileage has slipped over the past few years, and the government 'ain't sayin nuthin' about driving 5,000 pound vehicles.

Best regards,
John