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To: Luis Gonzalez
"A two-year slow down in some sectors is hardly a "failed economy."

A failure of thousands of businesses causing unemployment to reach a record high, the bottom dropping out of the housing market until interest collapsed to record lows to save it, the destruction of the internet markets because of an inability to make enough funds to stay solvent, a large amount of major companies filing wection 11 or 13s to bail out of a failed situation, and reputable economic heads all over the country saying it, might be enough. If it hadn't been for some fast acting from the Bush tax cut and the promises of further relief, we were on the way to 1929 just like we did it in 1929. Carbon copy.


579 posted on 01/11/2004 11:01:07 AM PST by Redwood71
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To: Redwood71
LOL! The housing market NEVER dropped, the interests were lowered to fuel corporate expansion, lower mortgage rates were just a side-effect. The Internetr self-destructed because companies lacking any real assets were being traded at a hundred times their worth, a slight adjustment of less than two years is hardly a "failed economy".

"A failure of thousands of businesses causing unemployment to reach a record high"

You've been buying into the DNC's crap for too long.

The rate of unemployment in the U.S. stood at nearly 10% in 1982, the absolute highest rate during the Bush administration has been 6%, hardly a "record high".

Get your facts straight.

582 posted on 01/11/2004 12:26:36 PM PST by Luis Gonzalez (The Gift Is To See The Trout.)
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