Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: hoosierskypilot
Methinks Dubya's going to be a one-term wonder.

I hope for your sake that you fly better than you think.

12 posted on 02/22/2003 10:41:23 AM PST by catpuppy
[ Post Reply | Private Reply | To 1 | View Replies ]


To: catpuppy
..better than you think...

Here's what I think. I think the religious right elected GW. I also think the religious right has been alienated by GW.

I think that the economy has been artificially stimulated by an inflated housing market. I think the inflated housing market has been supported by low interest rates. Interest rates have to go up. It's impossible for them to continue going lower, indefinately.

When interest goes up, people will not be able to afford new homes. When interest goes up, people with variable mortgages are not going to be able to keep their homes. Look at the Great Depression: a failed housing market, first, and then a failed automotive market were two key ingredients.

Who do you think will get the blame? Americans don't care about truth. They want a scapegoat. And the head scapegoat is GW.

O.K. So what happens in 2004? GW has alienated the religious right which elected him in the first place. Joe Q. Citizen blames GW because Joe Q. can't make his adjustable mortgage payments.

This is all happening as we speak. We're in a house of cards.

18 posted on 02/22/2003 11:25:22 AM PST by hoosierskypilot
[ Post Reply | Private Reply | To 12 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson