[lucysmom]

And, when you come right down to it, wasn't O'Neill not just wrong, but dead wrong, in his arguments about the impact of the tax cuts? Who needs a Treasury secretary that can be so wrong on such an important policy issue?

If you think that a booming stock market and a quarter of strong growth make O'Neill wrong then I agree with you. However the economy is not creating enough jobs to keep up with a growing labor force, the debt, trade deficit, and falling dollar are bad enough to alarm the IMF which alarms me. The signs that we are heading for big trouble are there. It may turn out that O'Neill was entirely correct.

[sinkspur]

We WANT the dollar to fall to help exports. It will also help the trade deficit.

O'Neill's a fool. A backstabbing ungrateful fool who will likely have to go to somebody like George Soros to get his next job.

[okie01]

"However the economy is not creating enough jobs to keep up with a growing labor force, the debt, trade deficit, and falling dollar are bad enough to alarm the IMF which alarms me."

Job growth has already begun. The most recent month was only a hiccup. I could offer as anecdotal evidence that my son-in-law got three attractive job offers right after Xmas -- meaning employers are truly desperate.

Seriously, jobs are the last to come in any recovery. I'm not worried about that.

So far as the deficit is concerned... Have you heard that the deficit for the current fiscal year now projects at half the original estimate? Tax revenue is growing sharply as the economy recovers -- exactly as it is supposed to work.

Have faith in the American economy, for heaven's sake. It's on the move!