Quote:
|
Originally Posted by shakran
Blaming the right for the financial problems is pretty logical.
|
What financial problems? inflation is low. Interest rates are low. Unemployment is low. GNP is growing. Homeownership at all-time high. More people invested in equities than ever. Consumer confidence readings hit a three year high today.
What are you talking about?
Quote:
|
The GDP went up due to lowered interest rates (that would be Greenspan, not Bush)
|
The market determines interest rates. The Fed Fund Rate is not that important to market rates. Inflation is by far the most important factor in determining interest rates.
Quote:
|
So what we have is a weak economic recovery which will be followed by a long term, painful period of crappy economic growth coupled by us eventually having to face the massive debts that Bush has racked up.
|
Some even debate if we actually went into a recession during the first Bush term. GNP growth is strong, not weak. Growth at about 3 to 4% is considered sustainable, right in the sweet spot.
I wonder - do we actually live in the same country? My view seems to be so much different. I wonder why.