Re: Bush's Rising Tide Not Lifting All Boats

Hi Folsom Inmate.

Worrying about the middle classes is really the least of the worries
for the US. Trying to keep the US economy a float is the hard task.
The larger economies who buy tbills and bonds have noticed the
increasing levels of debt and an administration who seem to think
'deficits are ok'. Sometimes debt can be very difficult to payback.
Especially when you are running very large current account deficits
with record trade numbers in the red. If that wasn't bad enough the
housing bubble is about to burst. The main thing is as slong as you
have a big hitter in the treasury department, or a credible stratergy
to manage the hard times ahead.

Of course as long as the price of oil does not go up to high. That
would blow the balance of payments.... Actually what is going right at
the moment.

Maybe Bush doesn't have a plan because they just can't think of one...

.

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