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To: jwalsh07
When do we get out of the depression? When growth hits 50%?

We haven't even STARTED what will be a long, ugly, multi-year depression. The little hiccup after 9/11 doesn't count.

Mrs. Consumer is 2/3rds of economy and her credit cards are just about maxed out. Mr. Business is still running at less than 65% of capacity, so demand could increase nearly 50% before capital expenditures are a factor. (And don't get me started on the phony stats coming out of BLS! Go look at how the employment numbers get revised downward each month.)

Yup, no matter what the truth really is, it'll be the Great Bush Depression.

76 posted on 07/23/2002 6:17:10 PM PDT by Arleigh
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To: Arleigh
Nah. Business is good and getting better. Demand in the real estate market is outstripping supply which is why the real estate balloon is filled to over capacity. Its almost time for all those Y2K computers to be replaced and there are markets waiting to be tapped.
80 posted on 07/23/2002 6:21:21 PM PDT by jwalsh07
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To: Arleigh
Remember, Hoover's depression also discredited Coolidge. Coolidge in this case is Clinton.

So, is this Nader's opportunity? Or can the Democrats still save themselves by dumping Clinton and the Clintonistas?

134 posted on 07/23/2002 6:55:01 PM PDT by aristeides
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