Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Bush's Economic Recovery in a NUTshell

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Topic Forums » Economy Donate to DU
 
Dover Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-13-03 05:48 PM
Original message
Bush's Economic Recovery in a NUTshell

Let's see now........

Many countries are and will be switching to the Euro (causing the dollar to sink dramatically and foreign money to leave this country).
http://tinyurl.com/qe8u

Then there is the little matter of our country's
$6 trillion debt (and climbing) to other countries.
http://biz.yahoo.com/rf/031008/economy_treasury_debt_1.html
for which even the IMF (International Monetary Fund) has reproached the U.S.
http://money.cnn.com/2003/08/27/news/economy/imf_deficit.reut/index.htm


Jobs are disappearing at an alarming rate, never to return....thanks to NAFTA and WTO rules.

Plus the last leg that has been holding up the economy...the Housing Market...is about to implode.
Lending rates are rising http://money.cnn.com/2003/07/23/news/economy/mortgages.reut/index.htm
and Mortgage investors Freddie Mac and Fannie Mae are in such dire straits that Forbes has compared it to the sinking of the Titanic -

http://money.cnn.com/2003/07/23/news/economy/mortgages.reut/index.htm

http://money.cnn.com/2003/07/15/news/companies/fanniemae.reut/index.htm

which has been worsened by the bond chaos -
http://story.news.yahoo.com/news?tmpl=story&cid=1106&ncid=1106&e=5&u=/ft/20030803/bs_ft/1059478674114



Major banks are unloading their mortgage positions.
http://money.cnn.com/2003/07/29/commentary/bidask/bidask/index.htm

Not surprisingly, homelessness is on the rise -
http://www.usatoday.com/news/nation/2003-08-11-homeless_x.htm


And last but not least there is a staggering consumer debt, which has been exacerbated by people attempting to continue living in the style they became accustomed to during the bubble.

http://money.cnn.com/2003/10/02/markets/consumerbubble/index.htm


Got Euros and a passport?
Printer Friendly | Permalink |  | Top
pansypoo53219 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-13-03 06:55 PM
Response to Original message
1. i gots a passport
but not a lot of euros. Øre i have, not a lot of kroner. not many dollars either.;
Printer Friendly | Permalink |  | Top
 
Code_Name_D Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-13-03 07:04 PM
Response to Original message
2. Shows what you know.
The markets went up today. The recovery is fianly here!!! /Sarcasem
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu May 02nd 2024, 09:30 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Topic Forums » Economy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC