But the funding for the Water bill is too high!
But the funding for the Water bill is too high!
Things are about to get tight IMO with the slowing economy, lower tax revenues, sick dollar all spells serious trouble.
Well I won't deny that this (and every) war is expensive - but please, that "report" has all the credibility I've come to expect from the most bipartisan Congress in history. They took an Excel sheet, put every conceivable cost in one column, including emotional pain and suffering, then took the other column with all the plusses (high paying defense jobs, manufacturers, contractors, suppliers, taxes realized on all the above etc.), and hit the delete button.The report, from the committee's Democratic majority, was not vetted with Republican members. Democratic leaders in Congress, including Senate Majority Leader Harry Reid, D-Nev., seized on the report to criticize Bush's war strategy.
I wish my boss would let me do budgeting that way, I could justify buying that Chrysler 300 SRT8 that I need for delivering parts.
Do you want to know why I am doing so well?(Besides the money fiasco last month with a dealer) My income is connected to the Buy here Pay here automotive sales. When it is booming it means people have no credit to buy a car with a rate under 19%, mostly 29%. So the economy could tank or boom and I would still have plenty of work. Not so for most.
I'm just getting sick of these chicken littles constantly predicting doom and gloom in the economy, only to constantly be wrong and retain their credibility.
Face it pal Bush made a huge mess, him and all his buddies.
Must you be reminded of the war? You know, it has a little do with with all the spending?
Who are his "buddies"? I'm picturing a dark cabal of scurvy sea dogs, sitting over a candle lit map of the United States as they plot all the ways to screw the country.
What ever man, ignore the numbers if you want. By his buddies I mean the heads of the Washington think tanks, his Admin. Your defense of him is nothing but reflexive. He did not fight for small business like he said he did. Yes I do know these people, I am one, the members of the local Chamber are and my business customers. Our dollar sinking below the Canadian dollar should perk up your ears. We are still the world currency but that will not last unless money traders can make a return on the dollar.
Fort Oglethorpe does not need APC's, ARs in every patrol car, dragon skin body armor in every trunk. This is not New York. Now multiply that by the thousands of little towns like mine. Or the millions spent to subsidize seat belt check points under click it or ticket. Now multiply that by the thousands of feel good programs that do nothing. "Oh look a road block, I don't need to wear my seat belt through that!" So actually the war in Iraq is but a small slice and what percentage of that was handed out like candy with no idea were it went?
Slow economies are good - the expansion lasts longer. With a slower economy there is a tendency to keep wages from rising sharply and that lets the expansion last. But the economy isn't growing as slowly as thought - the predicted growth was something like 70,000 jobs and more than 115,000 jobs were created, so it is actually growing faster then thought six months ago.
The housing bubble is a result of two things: the Fed allowing all these companies to give variable rate loans to people who shouldn't qualify, and second, the trend for the average american to carry a high loan balance and very little reserve (savings). The Fed is increasing the rate, as it should, to keep the economic growth slow and provide for room to drop the rate when a recession finally does come. This is something that has been occuring since the 60's and is nothing new.
Lower tax revenues are good. A lower tax means a higher Keynesian multiplier, so all business investment and government spending boosts our aggregate demand at a higher multiplied effect. With higher taxes the multiplier would be smaller, and the economic growth would be even slower.
1.9 Trillion dollars? Pfft. Its what? Not even .065% of our RGDP? Compared to other wars in our history that is amazing: the exception being the Vietnam war. When we gain another quick boost in economic growth the percentage will drop even further.
Trade deficit! Oh no! Ours has dropped by 56 billion over the last six months, and thanks to China's wonderful quality control, is expected to drop further. In fact, trade deficits have dropped all across the globe, and trade surpluses have universally shrunk (especially China's surplus).
As for the dollar getting weaker: there are a number of factors at work here, not the least being that it may be part of the cyclical business cycle. It has not really dropped enough to be much of a worry. If it keeps dropping then I'll start worrying about it.
As for "feel good programs", I would suggest you look to the secular-progressive and democratic camps. They really specialize in those things!
Welcome to the spooky world of the republicans where -
- massive war spending = good
- loss of confidence in the dollar = good
- housing crisis = not of note
- american regarded with suspicion by allies = not of note
Of course i cant help thinking if it happened under another party - this would all be EXTREMELY bad
I very much hope Cralis is not someone's financial adviser. Cralis you generate a sort of trust/confidence in me that well ain't pretty. Pedobear has greater trust with a 10year old than you with someone's money.
"Massive war spending"-It's a war...it's not cheap...so I guess you either want to just bail out or cut corners on spending.
"Loss of confidence in the dollar"-I don't know where you're finding anyone saying that it's a good thing, but I have confidence that it will recover. It always does.
"Housing crisis"-Not of note...because it's not a "crisis." There's still plenty of people buying houses. The fact that those who took out adjustable rate loans when they shouldn't have are now in a position where they can no longer afford them...that's no crisis...that's piss poor investment.
"America regarded with 'suspicion' by its allies"-What allies?...what suspicion?
- loss of confidence in the dollar = I didn't say it was good, but economics isn't static and not all dips are cause for hysteria.
- housing crisis= A crisis huh? Maybe if you guys didn't froth at the mouth about every little thing there might be room for it, but I just don't see this as a wide spread problem. My personal views shouldn't be extended to all republicans either.
- american regarded with suspicion by allies= Which allies?
France: Elected Pro-US president who is very much in love with the US.
Canada: Elects pro-US government.
Britain: Brown has been outspoken about his dedication to the US.
Australia: Pro-US government
I'm going to guess that there won't be much of a response to the above. It's typical...kind of like a liberal talking point grenade.
Just spew a bunch of Air America one-liners...pull the pin...and run.