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To: OESY

Probably because 1/3 of Americans are actually economically literate. They understand the overwhelming trade and current account deficits. They realize that the massive amounts of credit creation by the Fed (to boost the housing market) is doing great damage to America's international competitiveness.


9 posted on 08/19/2005 5:51:49 AM PDT by hubbubhubbub
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To: hubbubhubbub
"Probably because 1/3 of Americans are actually economically literate.

You are far to generous in your assessment of how many Americans are actually economically literate. I would put the number much closer to 10% I have for many years subscribed to the "90-10 rule". It means that 10% of the people are aware and 90% haven't the first clue what is going on around them either locally or in the world generally.

42 posted on 08/19/2005 7:51:13 AM PDT by Eagles Talon IV
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To: hubbubhubbub
Probably because 1/3 of Americans are actually economically literate.

This is a good reason. It could also be that 1/3 of Americans are now operating at a lower standard of living since they have had to trade thier technical job for something closer to the "bottom rung".

108 posted on 08/19/2005 11:51:52 AM PDT by GingisK
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To: hubbubhubbub

"Probably because 1/3 of Americans are actually economically literate. They understand the overwhelming trade and current account deficits. They realize that the massive amounts of credit creation by the Fed (to boost the housing market) is doing great damage to America's international competitiveness."

Hopefully, they also understand the fact that our antiquated and horribly inefficient tax system is a major contributor to both of those problems.


172 posted on 08/20/2005 5:52:04 AM PDT by phil_will1 (My posts are in no way limited or restricted by previously expressed SQL opinions)
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