[SoFloFreeper]

I think this is a lot of fearmongering. Unemployment is low, inflation is tamed, and the stock market is slowly but steadily rising. The price of oil is a concern but it isn't breaking the bank...and many think oil is riding a "bubble", just like many think the housing market is on a "bubble". Steve Forbes says oil we be at $35 a barrel this time next year.

Americans ARE smart enough, I think, to realize a liberal "government is the answer to every problem" solution isn't the way to go. So while we ought to be concerned about the economy, we needn't panic.

The criticisms of Bush's domestic spending seem to be well-founded, but if that spending is for Homeland Security--and I think much of it is--then I don't have a problem with such an increase. I heard Bush say last year that his NON-DISCRETIONARY, NON-HOMELAND SECURITY increases in budget were around 4%.

Additionally, Bush's tax cuts have increased revenues into the treasury by about $112 Billion. Unfortunately for the budget hawks, most of that will probably go to Katrina Relief; but it is impolitic to say the feds shouldn't help that area rebuild in some ways.

So, there is my 2 cents in this discussion.

[hedgetrimmer]

inflation is tamed

Yeah thats why gasoline, electricity, education and housing costs are so low.

[Huck]

The market seems to be stuck in the 10250-10750 range, other than the times when it sinks lower.