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To: iThinkBig
This will likely last through 2010 and then a long-term recovery shall ensue.

"The nine most terrifying words in the English language are: 'I'm from the government and I'm here to help.'"

When the Congress starts to meddle, they will only make things worse. They have done it before; they will attempt to do it again.

33 posted on 03/09/2008 10:31:41 AM PDT by rabscuttle385 (I have great faith in the American people. I have no faith in the American government, however.)
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To: rabscuttle385

Great point. Congress passed laws forcing lenders to loan to the lazy, mentally ill or incompetent. The lenders and Wall Street also took advantage of the lack of oversight (reminds me of S&L scandal). Shipping manufacturing overseas had a great net effect for larger corporations, but in the end it causes wage stagnation over the long haul and we’re seeing the pain in the middle class, that is competing hard and failing to obtain skilled jobs. The war in Iraq has created massive government spending and whoever is the next POTUS won’t have much of a choice of global drawdowns on overseas troop deployments, meaning you’ll likely see global military misadventure in the next few years. I hate being such a pessamist but I knew the party was over several months ago and prepared as best I could.


39 posted on 03/09/2008 11:16:40 AM PDT by iThinkBig
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