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Old 10-06-2004, 01:40 PM   #22
stormfish
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The bubble in the economy burst and that bubble was the ".com" industry. They were overated like the Yankees, but eventually the lack of net income finally caught up to them like the Red Sox. The surplus we see in the economy was the exercise of taxation, something I think doesn't exist under the "B" administration. It's a rule of thumb in Macro Economics that if the economy booming and there's a hint of inflation, then raising interest rates and taxes should be implemented. Obviously this wasn't the case with the Dub ya administration... Tax cuts was the priority of this administration agenda from day 1, hence Dub ya's speech about recession during inauguration. Oh yea, analyst are stating that the economy is becoming strong now, but is that due to GDP rising in parallel to the war? What will happen to the economy when government intervention isn't applied anymore? I personally think, recession and huge budget defecit. War isn't cheap you know...

fish when you can is the way I do it man
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