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Originally Posted by chelsea24
Sorry renos, but this has been a building for the last 8 years with this adminstration, not just the vote in 2006.*
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Originally Posted by renos
1) Consumer confidence plummet;
2) the cost of regular gasoline soar to over $3 a gallon;
3) Unemployment is up to 5% (a 10% increase);
4) American households have seen $2.3 trillion in equity value
evaporate (stock and mutual fund losses);
5) Americans have seen their home equity drop by
$1.2 trillion dollars;
6) 1% of American homes are in foreclosure.
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These things go well beyond eight years.* They transcend any political party and any presidential term.* These things are a result of the our nation's greed and resultant speculative tendencies, the "quick buck" mentality and* excessive self-gratification.* They are a consequence of "free trade at any price" and open borders that sold off the soul of our nation's economic engine.* We started with an "agrarian economy", blossomed into a "manufacturing economy", and now have slouched into an "information economy."* How much economic growth can an "information economy" truly sustain?* I think we were sold a bill of goods on this concept.* To think we can maintain prosperity without a robust manufacturing economy, which we have almost totally outsourced, is ludicrous.* Both parties are responsible.
Soon we will be headed into a food price-driven inflationary spiral because our crops have been diverted to fuel to help overcome our oil dependency. This problem has been brewing for decades due to the inertia of the automobile and oil industries, and the politicians who are controlled by those interests. There is a point when we need to recognize that the wishes of the marketplace (lust for gas powered/guzzling vehicles) need to give way to the greater national interest of conversion to alternative energy consuming technologies.
Sorry I butted into this "Democratic thread", but that's my take on it.