Vanity plate owned by newpickuptowingboatlivinginhousehecantreallyaffordguy:
LV42DAY
Funny thing, I never see him around my hood any more.
LOL!
And as you wrote earlier, exports are going up. ...hope that we continue to make the adjustment with grace and dignity. ;-)
I’m pretty confident we will be in a recession by next summer. It is being driven by a lack of liquidity caused by the excess liquidity of the past four years. You don’t have to be a Democrat to believe we are headed for a recession. In fact, I have my own theory that the Democrats, or at least their lack of appreciation for Bush’s supply side stimulus, is largely to blame for the excess liquidity of the mid-00s that is now causing the problems we are having now. Basically, it is my belief that the effects of the Bush tax cuts were stimulative enough to put us on a very favorable growth trend and that the easy money policies of Greenspan (who did not believe in the stimulative effects of tax cuts) caused an the over heating that resulted in the housing bubble.
In short, if Greenspan had appreciated the effectiveness of lower taxes on growth, he would not have lowered rates to sub-1% levels.