Can Republicans ruin the economy more than they have already?

J

Jack

New Member
The Dow is at Clinton era levels, we have a record trade deficit, the dollar is close to an all time low, and inflation is skyrocketing.<br />
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Now professionals are projecting the latent effects to take effect...A DOUBLE-DIGIT INFLATION RATE NEXT YEAR!!!!!!!<br />
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This will decimate the already struggling middle-class.<br />
But then again McCain believes the middle class makes $5 million/yr, so we should be alright, right?<br />
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http//biz.yahoo.com/bizwk/080818/aug2008db20080815021990.html<br />
 
D

DefeatObama

New Member
The Democrats are in charge of Congress, and Clinton handed Bush a recession and Obama will TAX us into a socialistic banana republic and the 5 million mark was JOKE you know humor?

Vote McCain in 08
 
A

abushfamilymember

New Member
Learn ecomomics. The economic problems was caused by the collapse of the housing bubble. Clinton created the housing bubble.

U.S. Federal Reserve
http//www.frbsf.org/publications/economics/letter/2006/el2006-30a.gif

Bill Clinton created a housing bubble by making it easy for extremely poor people to buy homes. Now that bubble is collapsing.

Also,Clinton also made it easy for poor home buyers to avoid buying Private Mortgage Insurance(PMI). (PMI protects banks when homeowners can't make mortgage payments.)

Another thing, Clinton was lucky that the internet bubble happened when he was in office. The internet bubble pumped trillions of dollars of foreign money into America's economy. Also, Clinton had record breaking deficits (Congress had to vote to raise the "debt ceiling" when Clinton was in office)
 
S

Sahara

New Member
Are you willing to take the chance to find out? I'm not. McCain is out. He is clueless to the needs of working people. He is beholden to the corporations. He has a terrible temper.
 
E

EDSki

New Member
the economy takes a dump in the shitter every election year....different sectors but that does not change the fact that evey election year the economy takes a dump!
 
B

BOKO

New Member
The Republican lobby interests--Big Oil, military and security firms, drug companies--will try their best to get as much out of the GOP as possible before it fades into the political wilderness in November. Then we'll see what kind of stuff Obama and his people are really made of, and whether the fact they got most of their campaign cash from small donors will keep them relatively decent while in office. We'll certainly see. (I think it'll be a mixed bag--they'll keep their promises on Iraq and tax breaks for the middle class, but fade on healthcare like the Clintons did before them. Healthcare reform is just too high a hurdle in Washington.)
 
S

socrates

New Member
Sure. Another 4 years of the same would do it. Another Great Depression would be great (no pun intended) for the richest of the rich. For the rest of us? Not so much.
 
A

AndrewK

New Member
McCain's proposed budget will put America 300 billion in the red vs. Obama's 100 billion deficit. Expect some security crisis or natural disaster to bump that up at least another 20 billion. Point being, as a nation we're running around paying for everything with a credit card and eventually the bills going to come due.
 
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