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To: delapaz
Articles like this are an indicator that we are at or near the bottom of the current economic cycle.

Oh, and were is the pent-up demand going to come from? You think that there is going to be a boom in autos and housing yet to come? What is going to drive growth? No, those jobs are gone and they aren't coming back.

Richard W.

29 posted on 08/09/2003 6:53:18 PM PDT by arete (Greenspan is a ruling class elitist and closet socialist who is destroying the economy)
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To: arete
I grew up in Michigan. I know what its like to see a certain area of the country and a certain industry to get wiped out completely. And yet the country as a whole only gets economically stronger. I'm suggesting that this is what is happening. For America as a whole I believe there is much cause for optimism. I dont mean to minimize the pain of those going through hard times, again, I've seen it up close.

Oh also, We still build cars here. As those who live near Marysville, Ohio, or Smyrna, Tennessee can attest.

30 posted on 08/09/2003 7:14:14 PM PDT by delapaz
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