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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (307812)	10/26/2006 6:12:28 PM
From: American Spirit	Read Replies (1) \| Respond to of 1572373

The economy is not doing well for most Americans. The stock market is high because there has been a huge wealth transfer from the middleclass and government to the well-to-do. And this primarily benefits those worth over 10 million, the very rich. Worse, even as taxes have been cut (especially for the rich) the spending has gotten worse and worse and so it's all deficit spending now. Plus, energy, rent and health costs have doubled and tuition is up by a third. Of course, any boob can make an economy go if he deficit spends 350 billion a year. If you borroweed an extra $100,000 a year and spent it you might appear to be doing well too, but a lot of it under Bush is a illusion, a party wqith a big hangover coming. Bush's own father was right when he called it Voodoo Economics.

To: Brumar89 who wrote (307812)	10/27/2006 6:06:26 PM
From: tejek	Read Replies (1) \| Respond to of 1572373

The stock market is reaching new highs, the economy is doing well, no new attacks have been made on the homeland. Doesn't look so terrible to me. Don't make me pull out a poll that shows how many Americans think this economy isn't worth a damn.

To: Brumar89 who wrote (307812)	10/27/2006 6:09:36 PM
From: American Spirit	Respond to of 1572373

IMHO very good day to start shorting the market. The Bush boom was based on deficit spending and it's all but over. The housing market which has propped up part of the economy is over. Consumer debt levels are huge, unprecedented. And jobs and wages are flat at beast with poor health care benefits. Plus the war and all that debt is going to have to start being paid for now. Wars always boost economies. But Bush's war is totally on the national credit card, every dime. And the bill is coming soon. Oh yeah, and the gas prices, definitely being manipulated downward, but just temporarily, for the election. Bushies can, do and will contionue to manipulater energy prices, usually upward, but occasionally downward when they need political cover.