Re: Bush has screwed the economy for a long time was --->Re: Mortgage Meltdown

jimstevens wrote:

This is the tip of Bush's nasty little secret on what pushed up the
economy and created jobs since he came in office. I don't come here
as much as I used to because I spend a lot more time on investment
related issues. I have been reading a number of items on how they
just printed money like crazy since he came in. The dollar has fallen
to record lows and keep going down and down and down. Do the chart.
Then the Fed does not even put out the M3 report any more. This
economy is going to feed hyperinflation down the road. It is also
pushing up the standing of other currencies helping our enemies. Some
oil suppliers are pushing to only accept Euros for their product and
China is sitting on a massive pile of US paper.

We have only seen the tip of the iceberg on the damage Bush has done
to this nation.


I'm afraid that you are right on target. The only part that you left out was the consequence of the neoconservative energy strategy which led us down the path to the disaster in Iraq and which not only wasted our military but will have added $1T to the national debt by the time we are finished.

Incidentally, in case you haven't noticed, Japan is holding nearly twice the US treasury debt as China and also leads China in current account balance.

http://www.treas.gov/tic/mfh.txt
http://en.wikipedia.org/wiki/List_of_countries_by_current_account_balance


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