This economy is being fueled by deficit spending on a previously unheard of scale by the biggest government it has ever known. If this government weren't spending so much more money than it is taking in we'd be in the tank.
We really are like a bunch of children who think things are fine with our parents because Daddy charged an expensive meal at a restaurant. From what children can see things are just dandy.
The balance of payments is terrible.
The weak dollar is propping up the stock market. Even Buffett is betting it will get weaker.
The deficit is horrendous.
AND, two issues which WILL adversely affect the economy.
Greenspan has said interest rates must go up.
and energy prices haven't gone this high since the last Bush Administration and show no signs of lowering, much to the delight of Bush cronies.
OPEC says much of the rise in energy costs are for reasons beyond their control, so they may only have a limited effect upon the US election.
It ain't that great if we look past the great meal we're getting right now.
Arf
Current Events » in reply to "Bush Economy" update.
Easy, steady. There IS a dragon in the closet, AND something under the bed.
