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There Must Be Some Way Out Of Here
The Economist ^
| July 18, 2002
| Staff - Print edition
Posted on 07/18/2002 11:01:35 PM PDT by Uncle Bill
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To: Vets_Husband_and_Wife
"Considering the mess the President inherited, it won't be fixed in 2 years, and maybe not even in 4 years."Good grief, just how blind are you? You think Bush and his handlers, and the Republican controlled Congress will fix or help this situation by spending like drunken sailors? At least try to be a little honest while drinking the kool-aid and typing. By the way, if you need any proof of the Bush and Republican socialist spending parade, you just ask me. I'll be more than happy to supply you proof. That doesn't matter though does it?
To: Uncle Bill
I've heard your kind of hysteria since President Bush took office. The problem you are going to have, is that many of us have followed the "real" cause for the problems we are enduring today. We've spoken up quite publicly and predicted EXACTLY what has happened. With regard to BOTH national security, AND THE ECONOMY!!
It is "I" who could enlighten you. But I get the feeling I'd be dealing with a closed mind. And you know what they say.. "A closed mind is like a parachute that won't open".
Incase you didn't get it.. let me spell it out. Your kind of thinking is D-A-N-G-E-R-O-U-S!!
Fregards, Vets
PS. Kool-aid won't cause paranoid or altered thinking. But the stuff you're tippin or smoking must!! Open your mind, set yourself free......
To: Uncle Bill
Interesting Article from The Washington Times. I may not agree with all of this authors "predictions".. but he may not be too far off on some of them. Noteworthy to you, would be remarks regarding the economy. (Sigh.. why do I bother!!!) </sarcasm :o)
January 2, 2003
2003 Predictions
Tony Blankley
First , the good news: A year from now civilization will still be intact and most Americans correctly will be looking forward to a very good 2004, in which the economy will be growing, President Bush will be admired through much of the world and his re-election will be almost certain. But, before the cheering must come the struggle. So follows the not completely cheerful predictions for 2003.
• Washington politics will start out pitting the White House against congressional Republicans in a sometimes vituperative fight over federal spending. This will actually be a three-sided fight between the White House and conservative back-bench deficit-hawk Republicans , the appropriators and the Republican congressional leadership. The White House/conservative team will demand spending limits that can't pass either the House or the Senate. The appropriators will be called rude names by conservatives. The leadership will try to take over from the appropriators, but will fail to get the low White House spending numbers passed. The Democrats will sit on the side lines and giggle. Ultimately, events will force spending far in excess of the early White House demands.
• Deficit spending in fiscal year 2003-04 will top $300 billion. This will be the product of both higher defense and domestic spending and lower federal revenues due to a sputtering economy.
• The still overpriced stock markets, facing low corporate profits, flagging consumer demand and some interruptions in world trade will drop about another 10 to 15 percent by the end of the year. Extreme volatility will make matters seem worse than they are.
• The dollar will drop about 10 percent in value against the Euro, as our trade deficit continues to balloon.
• Saddam Hussein and his Baath Party will be out of power in Iraq by the springtime. Our occupation of Iraq will be managed without any tragic incidents.
• The fall of Saddam will trigger uprisings in at least two Middle East countries — one such government will fall to a fundamentalist/jihadist regime, the other to a more or less pro-western, moderate, democratically inclined government.
• The flow of oil temporarily will be slowed or stopped by these events. There will be a furious debate within the Bush administration and in Congress over whether to militarily intervene to secure the disrupted oil flows. Bush will decide to act. After an initially embarrassing series of U.S. military snafus and native sabotaging of the oil fields, order will be regained and by the winter oil will be flowing at record levels and the price of oil will settle at between $15 and $20 a barrel (after taking a wild ride to briefly over $100 on the spot market.)
• There will be two major, but not catastrophic, terrorist attacks. One either will be in Europe or at sea. The other will be in the United States. It will be obvious to the public that the federal emergency response to the attack in the United States was poorly conceived and carried-out.
• After the immediate shock and clean up, several Democratic Party leaders will badly misjudge the politics of those events. Democratic presidential aspirants will fall in to a contest to see who can criticize President Bush more harshly. By over-playing their hand, the Democratic leaders will lose the public. The public will rally to the President, despite the administrative failure surrounding the terrorist attack.
• Hillary Clinton, who will have kept her head down through the post-attack politics, will step forward to salvage the Democratic Party from its self-inflicted damage. She will explain that based on her 8 years in the White House, she understands the terrible challenges a President faces. Whether she runs for president or not, she will establish herself as the natural leader of the Democratic Party. With the exception of Senator Lieberman, most of the other Democratic leaders will have permanently marginalized themselves by mismanaging the politics of terror.
• Thanksgiving 2003 long will be remembered as a highly emotional coming together of the country, after which an explosion of optimism will create the most profitable Christmas shopping season on record.
• That will be the turnaround moment for the U.S. economy. A December 1000-point run up of the Dow Jones average on the New York Stock Exchange will trigger the beginning of the boom of 2004.
• North Korea will have gone back to sleep after a fitful springtime.
• After a not-so-private call by Republican Party elders to take Dick Cheney off the ticket (in order to groom an heir apparent for 2008), President Bush will successfully convince them that Mr. Cheney must remain on the ticket — for the good of the country.
Tony Blankley is editorial page editor of The Washington Times. His syndicated column appears on Wednesdays. E-mail:
tblankley@washingtontimes.com.
To: philman_36
To: Joe Hadenuf
To: Vets_Husband_and_Wife
Considering the mess the President inherited, it won't be fixed in 2 years, and maybe not even in 4 years. But its kind of like putting on weight.. it comes on so quick.. but takes twice as long to take off. How about the massive lawlessness created by millions of illegal aliens, that was going on under his Dads administration? He too stood by and watched, and did nothing. The results are now glaring, and nationwide.......
To: Uncle Bill
There must be some confusion...
I'm dying over here...lots of delayed work around here on account of the uncertainy with the proposed military action. I may be on the road and away again.
Lovely economic picture...
To: Joe Hadenuf
I agree with you regarding the massive illegals entering our country. We feel we should stop all immigration until we KNOW we can follow the whereabouts of all immigrants who enter this country. Like we used to do YEARS ago!! Make sure people sponsor and are responsible for anyone entering.
No arguement there.. and yes, it has been a mistake by quite a few Presidents.
But we are of the mind that we will never agree 100 percent with even a President we believe in. We think President Bush is doing an excellent job all things considered and that includes the complexity of the issues the man is facing.
However,.. in the matter of illegal immigrants.. have you been watching what is happening in CA? (INS/Justice Department rules ARE being inacted!!)
There is a HUGE outcry BECAUSE we are insisting people register!! I can't recall the deadline that is coming up here really soon.. but believe me.. a lot of people aren't happy (ACLU types) But we are!!
Fregards, Vets
To: philman_36
To: Askel5
Dow Industrials Skid 238 Points, Nasdaq Slumps 46
AIG's $12.6 Billion Dollar Haircut
Consumer Confidence Plummets to 9-Yr Low
Stocks Sink; Dow, S&P 500 at 3-Month Lows
Dow Tumbles 252; Nasdaq Falls 47
Markets Plunge On War Jitters
US stocks plunge
NYSE Says Messier Resigns from Its Board
R. Glenn Hubbard, chairman of the president's Council of Economic Advisers, is preparing to leave the White House
Future Dark For Financier Of Hospitals - National Century Financial Enterprises Inc. are likely to lose at least $2 billion, and the company will not emerge from bankruptcy
Lockheed, Raytheon Post Losses on Charges
ADM Profit Falls, Hurt by Soybean Prices
Dow retreats 220 points in biggest selloff of the year
Citigroup CEO Ordered to Give Deposition
Stocks fall in Mexico, Brazil, Argentina, Chile
Dollar Gets Hammered With Iraq War Fears
War worries make for week of heavy losses on Wall Street
FINANCIAL SENSE ONLINE
To: Askel5
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