Thursday, April 20, 2006

Why a strong economy is no GOP asset |

Why a strong economy is no GOP asset |

"WASHINGTON – Of all the problems Republicans face heading into the fall political season, one of the most exasperating is the economy.

In many ways, they say, these are the best of times: Unemployment is at 4.7 percent, lower than the averages of the 1970s, '80s, and '90s. The economy is showing strong, consistent growth, without significant inflation. And the stock market is roaring along."


Sickofspin said...

Make no mistake, we are enjoying a strong economy.

Scott said...

This is true, however the Fed is increasing the money supply like mad, creating asset bubbles in real estate and the stock market. American consumers are doing the same thing, and their debt on credit cards and real estate is extreme. We have a negative saving balance right now among American's. This is not sustainable. Maxing out your credit cards creates the illusion of great wealth, but when the punchbowl runs out the party's over, and there WILL be a crash. Oil prices, Katrina, 9/11 don't help either. We've weathered some real storms, but long term we are due for a major correction. That's why gold is so high right now. The dollar is going to collapse at some point, although I have no idea when. I'm buying stocks, and gold, and hoping for the best.