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

To: tejek who wrote (367170)	1/17/2008 7:17:06 AM
From: Road Walker	Read Replies (1) \| Respond to of 1573640

Bush HASN'T been able to get away with it. ---------------------------------------------- Yes, he has.....China and others have continued to buy our debt. If no one bought our debt, Bush would had to stop. It's not over... now the Chinese and ME countries are buying our assets, with our money. I bet we have a lot more assets left. We do. And they spin off a lot of free cash flow. But as more of it goes to pay interest, and into overseas hands, our standard of living goes down. I understand but how does throwing us into a recession help the matter? Nobody is for throwing us into a recession. But the repercussions of artificially avoiding a recession could one day throw us into a depression... from which we might not recover. Interest rates have been dirt low for years... it's not working. There is a dramatic shift in value going on... the Asian and ME countries make the stuff we need/want. ------------------------------------ Its not working because Bush gave out generous tax cuts and embarked on two wars. What other country in the world could pull off such a stunt and survive for more than a year. That's a huge part of it. We throw money (which is of course debt) around like it was confetti. Looks like the party may be over.