Reply #17: There is no indicator whatsoever... [View All]

[Imajika]

...that suggests the economy is about to collapse. Even if Bush somehow issued an order allowing companies to lie about their finances, most wouldn't bother with it - and Bush certainly couldn't ORDER all major American companies to lie. Not all companies are public either. The US economy isn't run by a handful of CEO's, it is far, far, far, far bigger than maybe you understand. Your talking about about a conspiracy that would not only be utterly silly to attempt, there is no way it could be kept a secret. It's just not even remotely plausible.

Further, this theory seems to come from the assumption that the US economy MUST somehow be in bad shape. That is a bad assumption. The US economy is far stronger and more vibrant than you seem to think. Despite Bush, the US economy, historically speaking, is actually doing fairly well and is in fact outpacing much of the rest of the industrialized world.

There is simply no economic indicator at this time that even hints the US economy is any imminent danger.

I hope your not relying on ideological political websites for your economic news. If you read only DU, you could be led to believe that every weak economic indicator was surely a sign of disaster. The dollar goes down, you've got scads of people here that predict the dollar is doomed. Dollar rises, suddenly you don't hear anything about it for awhile. Inflation goes up a tad one month, another group of people predicting mass inflation right around the corner that will wreck the nation. Inflation goes down, same group now predicting a nightmarish deflationary period. Gold goes up, it's a sign a depression is coming. Gold goes down, you hear nothing about it again till gold goes back up. Point is, get your economic news from a wide range of news outlets for better perspective.