Be Afraid . . . (There could be nasty economic surprises during the next four years)

The Weekly Standard ^ | December 6, 2004 | David M. Smick

[sgtbono2002]

Democrats still hoping for us all to go broke so we will elect some lame brain liberal as President.

[Straight Vermonter]

The U.S. budget deficit is large, but interest rates have stayed low here because the countries with which we run large trade deficits tend to reinvest their surplus dollars in U.S. Treasuries.

I've heard this a million times. The simple solution is for Congress to not spend so much f'ing money.

[Mogollon]

Bad things happen, and it's in the interest of a lot of people around the world to see George Bush fall flat on his face.

Left-wing nuts and terrorists mostly.

[weenie]

The world is at war...character is now profit...

People that have character would rather live in a hole in the ground and feel that they were doing things that are right...

...than live in a mansion on a hill and bear the guilt of doing wrong.

[NYTexan]

Your concise thoughts?

[Solamente]

Though my father was nuts, one thing made sense: don't believe everything you read.

[Anti-Bubba182]

" . . In theory, crude prices might rise to $160 per barrel if history followed the 1973 script precisely."

No need to read farther. A propeller head with a burr up his butt.

[sarasota]

Well said and thanks for putting things in perspective.

[Brilliant]

If the price of oil continues to fall, the economy will be strong.

[nmh]

I look forward to a flat tax - not afraid of that!

[rlmorel]

ROTFLMFAO!!!!!!!!!!

You owe me for a new keyboard...

[Brilliant]

The dollar IS going down. I don't see any hysteria. Companies are hiring on net. A weak dollar is good for the employment picture. The Japanese built a commercial empire on a weak yen. Their economy went bad when the yen went up.

[conservativecorner]

In truth nobody except God knows what the future holds in our personal lives or the world as a whole. Economists have the best jobs in the world. They never have to be right as long as what they write is plausible. All or some of these things may or may not come to pass. Regardless of those possibilities, we all need to have our financial houses in order. I still believe that the Fed is really worried more about deflation and not inflation. Low interest rates promote inflation, and the moves the Fed has made to date are small. The author does make a good point regarding China and personal consumption. At some point consumption by the average consumer in China must go up because America, and the world for that matter, cannot continue to buy everything China makes. It would be healthy for them and us. If they can't get domestic consumption up, we will all suffer.

[AdamSelene235]

We're Done For!

[groanup]

No country in the world will be able to touch us militarily or economically for the next 50-300 years. I don't know what you guys are going to do but I'm going to own American stocks and make a lot of money.

[bahblahbah]

Spending cuts + Simplified tax plan + Low dollar compared to Euro + Partial privatization of Social Security + Bush's energy plan = economic ownage. Add tight border security that reduces illegal immigration to a trickle along with a well regulated guest worker program and we'll have no need to worry about China or the EU overtaking us for the next 2-3 decades.

[Dont_Tread_On_Me_888]

It is too bad that most Americans are so ignorant that they associate nearly all economic action with the president. The president has very little control over the economy.

The main responsibility of the president is as Commander in Chief. Here, he absolutly has control over much of what our military agenda is.

The ignorant press and the majority of citizens mistakenly associate the economy with the president.

[Geezerette]

Your tagline intrigues me. Apparently Churchill was a lot smarter than the "world leaders" (mainly European) of today!

g

[mlmr]

Does this mean interest rates will go up or down?