[An Old Marine]

You know, I used to teach economics at the university level. What I found is that guys like this Willie Green would start out with a preconceived position then round up the facts to support it.

Perhaps not too surprisingly the consensus was always that we were on the verge of economic collapse. I can probably point to 50+ books with that conclusion. The interesting thing is that they always used different subsets of facts, usually competeing facts, to "prove" their position. The logic is the same as that used by the scientists proving global warming.

The current economic disaster fetish is the trade deficit coupled with budget deficits. Seven years ago the favored theory was that the overextended debt plight of the third world nations was going to cause the collapse of the American banking system.

What they miss is that these constant prognostications of disasterous collapse have gone far to marginalize the Democrats and their minions doom and gloom campaigning tactics.

[Knitting A Conundrum]

Back in the 80s they used to say the same thing, and it didn't prove to be true, either...I've gotten tired of doomsayers finding facts to create their scenarios after seeing so many of them being wrong.