Quote:
Originally posted by Ryan
He says he is "EXTREMELY displeased" with Bush's handling of the economy and believes that the administration is doing irreparable damage that his grandchild will be paying for when she is an adult. |
First point of order, your immediate and extended family sound pretty interesting, the kind of folks that I'd love to know.
Secondly, addressing your father's and many other folks view point on the handling of the economic status of the country - I stated this before. It is highly unlikely that our country will see a definite economic recovery over the course of the decade ahead. What everyone in the current administration will not (and cannot) tell the general public is that we are practically in another Great Depression. We have Wall Street and the State Department to thank for that. The fabricated and imaginary economic boom of the 90's has to be adjusted back to a normal rate of growth. Retirement funds and pensions are funding this fake recovery as they are invested in a mortgage rate fiasco that will maintain cash in the pockets of the Wall Street moneymakers. This way when the bottom really drops and the government has to admit it to the public - Wall Street can come in a buy all that low interest rate property for $0.10 on the dollar. You see they are not investing in the country's economic recovery they're banking on its failure. The Middle class will be decimated by this - the administration's only hope is keep money in the pockets of those who have it so that they may help the economy back out after it hits bottom. Deficit spending, who really care's what inevitable is inevitable... Besides the government has more income than it ever has in any point in history - it's simple money mismanagement or abuse.
The economy has to adjust itself. You see there really is nothing that the current administration can really do to compensate the failures of the previous administration. You will not see that judged in your lifetime but history will judge it…Trust!
I strongly encourage everyone to find a way out of debt in the very near future…
Of course what do I know?