If you will examine the economic performance under democrativ vs
republican administrations from 1900 to the present, you will find that
the economy faired much better under democratic than under republican
administrations. Also, if you will look at the rise and fall of world
powers since the industrial revolution, you will find the economies with
major concemtrations of wealth stagnated, while those whose wealth was
less concentrated thrived.

The current slump is caused by a meltdown in the housing market that
was fueled by irresponsible lending practices, advocated and supported
by the current administration's laissez-faire policies toward America's
financial industry. When the enormous deficits being racked up by the
Republican administration to finance a war while cutting taxes to the
wealthiest 10 percent of the nation resulted in a significant increase
in interest rates, the people with subprime and zero-equity mortgages
got caught short. Foreclosures and forced sales, as well as tightening
requirement for new mortgages caused the housing bubble to deflate. At
least it is deflating gently for now.


"Bob Crantz" wrote in message
...
http://www.thedenverchannel.com/mone...95/detail.html

Worst in years! Slumps starts when Dems take over!

Quick, raise the minimum wage again!!