Posted on 11/28/2004 9:36:20 PM PST by politicalvanguard.com
President Bush plans to overhaul his economic team for the second time in two years and wants to tap prominent figures outside the administration to help sell rewrites of Social Security and the tax laws to Congress and the country, White House aides and advisers said over the weekend.
The aides said the replacement of four of the five top economic officials -- including the Treasury and Commerce secretaries, with only budget director Joshua B. Bolten likely to remain -- is part of Bush's preparation for sending Congress an ambitious second-term domestic agenda.
(Excerpt) Read more at washingtonpost.com ...
Good point.
Too much debt = "RISK"
Investing in US Dollars, as the market is reflecting, is risky.
The War on Terror is worth taking on some temporary debt, but I do wonder how much of this spending is to keep the economy afloat and how much is making us more secure.
NAFTA is changing our economy and it hasn't really sunk in with the masses and possibly the administration yet. I fear that day when they realize that the manufacturing jobs that have left aren't coming back and wonder what they are going to do to subsist besides get another home equity line of credit. Retired baby boomer spending is helping a lot right now also, but that will only last so long when the deflated dollar is used to buy higher priced imports.
True, but I wasn't specifically referring to the WOT spending. I had in mind giveaways like prescription drugs, farm subsidies, federal education spending, tax "cuts" for non-taxpayers, and his other social programs. On top of the WOT spending, GWB is breaking the camel's back. It's like he's using a national credit card and hoping we'll cover the debt "when our ship comes in."
Not that I don't personally know what that's like. :)
But it is irresponsible, and it is catching up to us.
From your comment, I presume that you think NAFTA is a bad thing. One would think that after ten years, there would be some evidence, such as wage or employment data that supports your position. Please spare us the stories of Uncle Joe losing his job at the toothpick factory. Thanks in advance.
Actually, I think NAFTA will bring about global wage parity which is a good thing. The problem is that the US worker doesn't see the writing on the wall and is not retraining. That's going to be expensive for those of us who are taxpayers.
So you wouldn't consider the perpetual extension of unemployment benefits a sign of what NAFTA is doing to our economy or the exponential increase in debt of the consumer or the exponential increase of our trade deficit or the exponential increase of government outlays for social programs as signs of what NAFTA has done to the US economy ?
Step away from the crack pipe, dude!
I've noticed there's a few people here who don't like Kemp.
Why wouldn't you want to see him in a white house role, and why do so many freepers dislike him?
I like Kudlow alow, but he'd never be given chance due to his past, and the media would hound up and harass him everytime he spoke. Its a shame too, he would be brilliant in any kind of role.
I like good rice currines myself. I tried the other, currienes, and found that they weren't so good.
I wonder if they all will be hispanic.
As I suggested, I believe it is possible that there was a concerted effort to pump money into the economy to avoid the downdraft that I believe to be imminent.
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