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To: RJCogburn
The upcoming war is obviously a kicker, but absent that, it really is the economy.......

Yes, you are right. Unfortunately, most voters don't have a grasp at the simple concept of supply and demand. Thus they didn't (and still don't) recognize a hyperactive economy like that of the late 1990's that was based on overextended credit and speculation, much like that of the 1920's. Oh, granted, they do know plenty of their personal economy, but they either cannot or don't wish to grasp the big picture.

This poll does illustrate that the liberal media's continued attack on the economy is gaining traction. We're not in a recession, and yet they call it one. The overall market's primary downward force is both the uncertainty as related to the Iraq situation, and the correction from the late 1990's when "artificial exuberance" was king. What magnifies the idea that the economy is in sad shape is that the liberals are selectively using the stock market as the only indicator of economic strength while they talk things down.

Perception outranks reality.

55 posted on 03/06/2003 9:26:13 AM PST by meyer
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To: meyer
I agree that the economy is not as bad off as the left would have us believe, but there are significant problems with unemployment and under employment that certainly creates a visceral as well as intellectual reaction. Interest rates can't get much lower, refinancing will have to run its course eventually and that may effect consumer spending and send things worse.

I'm no economist or expert, but that visceral 'sense' of how things are, regardless of fact will influence a bunch of people's votes.
60 posted on 03/06/2003 9:35:06 AM PST by RJCogburn (Yes, it is bold talk.....)
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