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To: Texas Songwriter
Texas Songwriter wrote "At this time I absolutely fear the bond market. Inflation will destroy their value. YOu may wake up and find your bonds worth 50% of what you were told they would sell for."

Outstanding post, my compliments. I think the collapse of bonds will effect retired people mainly, who do vote. What do you expect the political ramifications to be for the party in power when it happens?
155 posted on 11/28/2004 10:37:56 AM PST by fallujah-nuker (I like Ike.)
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To: fallujah-nuker

Love your handle. Should have been done on Sept.12,2001. Anyway, back to your comments. I believe if this war on terror escalates, such as a weapon of mass destruction on the North American continent, it will be hard to believe that they American people will be focused on anything other than that. But if Iraq becomes bogged down or stays in a static sense the way it is today with improvised roadside bombings and killing of American soldiers, and this slide continues with the dollar, I believe Mr.Bush and the Republican congress will pay a terrible price in the next election and in the long run, history. There is also a terrible danger that the very people who voted in Mr. Bush this year will come to the conclusion that since 1994 and the Contract with America, Gingrich Revolution,the takeover of the senate and then giving Bush 2 terms will perceive that their failure at fiscal responsibility, being given 14 years (end of next Bush term) and overturn RvW will be punished by probably not going to the poles in 2008. They will not vote democrat, but there may be a real danger of staying home. The popular culture has created a cess pool that we all swim in and the republicans were hired to clean it up. The profligate spending by the past 4 congresses is risking turning into a death spiral for the dollar. If this continues and the dollar falls to 51 USDX, we will have an extremely difficult time. Yes, we will rise out of it the next decade, but never to see the glories of the 50's and sixties. We have lost our national identity. Made in Taiwan seems to resonate about equally with made in the U.S.A. in the minds of most Americans. Economic policy is setting our national policies almost totally. Somewhere in the national equation should be the protection of American jobs because they are American jobs. NAFTA and GAT are making enormous amounts of money for the transnationals, but our neighbors down the street need consideration...........woops,look at me,...my GPS is peeping. Where am I? Oh, yes. The party in power will be in great danger, not unlike Hoover in a worst case scenaria. I don't think, though, it will become the order of 1929 and the thirties, but the possibility is there.


164 posted on 11/28/2004 6:40:47 PM PST by Texas Songwriter (Texas Songwriter)
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