[DMCForum] Re: The economy sucks.

["cruznmd" <racuti1@xxxxxxxxxxxx>]

To show that I'm not a blind, party-line follower, I'll say this:

I agree that "real" unemployment figures may be higher. How much, I 
don't know. The economy is growing, but too slowly. I concede that 
jobs being created aren't as good as the ones we've lost.

I do not however, share your theory about the real estate market. 
When that bubble pops, it won't be -any- administration's fault. 
Interest rates are as low as they can go. I blame speculators and 
what I call "slum lords". People in my area who buy junk homes, slap 
some paint on them and put them back on the market for $20-40k more 
than they paid for them. Falsely inflating home values is the surest 
way to creat and hence pop an economic bubble.

Personal debt is an individual's fault. Not the government.
The federal deficit, I excuse (for now) because of the enormous 
expense of fortifying the nation, and hunting down terrorist 
organizations.

The cost of living is high because the cost of energy is high. Energy 
independence is the key to achieving national security and economic 
growth. I do totally blame this and past administrations for not 
developing alternate sources of energy. The cost of every single 
thing we buy to live is driven by the cost of energy that it took to 
build it, and deliver it to the market. I totally believe that it is 
within our economic and technological capability to bring affordable, 
alternative energy like nuclear power plants and hydrogen powered 
vehicles (AND the necessary infrastructure) or fuel cell vehicles to 
the market by the end of the decade.

--- In DMCForum@xxxxxxxxxxxxxxx, Marc Levy <malevy_nj@xxxx> wrote:
> There were signs of a slowing economy unrelated to
> Bush..  However, he has had almost 4 years now to fix
> it...  For 4 years I have been hearing how "things are
> starting to get better". Well, THEY ARE NOT! It is
> wishful thinking, and not true.
> 
> REAL unemployment is VERY high (the figures are bogus
> because people who have exhausted the benefits are not
> counted!), cost of living is high, debt is high, and
> the real estate market is starting to slow even with
> the low interest rates..  In the next year when the
> real estate bubble pops, will that too be Clinton's
> fault?  Heck, why not blame Jimmy Carter! Or will
> Kerry take the blame for it when it happens 3 months
> in to his term?
> 
> Trickle Down does not work!  It is just scraps from
> the master's table AT BEST.
> 
> --- cruznmd <racuti1@xxxx> wrote:
> 
> > The party affiliation is irrelevant to me. I simply
> > refuse to believe 
> > that a guy in office for only 3 months can be
> > responsible for causing 
> > a recession. The lag in quartery national fiscal
> > health reports alone 
> > dictates that.
> 
> 
> 
>             
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