quote:Originally posted by NashBama:quote:I read that too. In the article, it stated that 38% of the country, according to a poll, approve of the economy. This just goes to show that no matter how good the economy is, the lack of knowledge about economics along with those who hate the President will overshadow the strength of the economy. This goes for every president also.
Looks like Kindred proved you right.
From what I see, new neighborhoods are being built, new businesses are popping up everywhere, store parking lots are full, and new roads are being constructed. At the moment, the economy is strong. The problem is that too many people are using credit cards and accumulating debt. Our government , this includes both parties, is doing the same thing by borrowing too much and wasting it on pork projects. On the surface, our economy is doing very well. I'm just worried about long term when all of this debt comes due.
Nash, you know that the debt has been coming down quickly. We would have had a deficit reguardless if we went into the GWOT or not. Just the damage that was done to our markets on 9/11 and moneys to Katrina/Rita would have atleast given us a small deficit. You are totaly correct about pork though. We have got to do something to stop this. I think the president should have the line item veto. He could cut the pork before he signed the budget.