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Remember when:
Y2K was going to ruin the economy?
Highly leveraged hedge funds were going to ruin the economy?
Highly margined stock day traders were going to ruin the economy?
The weakening dollar compared to the Yen was going to ruin the economy?
The Reagan supply side tax cuts were going to ruin the economy?
Three dollar gas? Two dollar gas? One dollar gas? All were going to ruin the economy?
I am sure there are many others. All items getting major headlines at the time with experts saying the end to normal economic long-term growth was near an end.
The real problem facing this nation economically is social security and medicare. Those two issues truely need to be addressed, but ironically those are the issues that mostly get ignored.
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"Democracy is two wolves and a sheep voting on lunch."
"It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion."
"If you live among wolves you have to act like one."
"A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."
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