"Dave" wrote in message
...
On Tue, 9 Sep 2008 09:41:27 -0700, "Capt. JG"
said:

You didn't answer the question. Do you dispute the unemployment numbers,
the
growing mortgage crisis, the huge deficit that's getting worse?

Well, lessee. After declining for 6 years, the unemployment numbers are
increasing. The average unemployment rate over Bush's 8 years even stands
a
chance of reaching the 5.2% average rate of the Clinton years. On the
other
hand, the second quarter's growth was surprisingly good.

Whether the mortgage "crisis" is growing or has plateaued is at this point
an open question. Depends very much on whether you think the banks have
finally written down their portfolios enough to entice new capital so they
can increase their lending. From what I'm seeing, I think chances are that
they haven't. It'll take about another year for increased allowances for
loan losses to work their way through the system. My suspicion is the your
buddies like Barney Frank and Jim Shumer may succeed in putting off the
necessary write-downs by Fan and Fred, pushing that drag on lending out
further as well.

As to the deficit, yes, it's up. Neither party has exercised spending
restraint. And based on the direction Obama is headed I see it continuing
to
climb for a number of years if he's elected. Historically, revenues have
gone up when marginal income and capital gains tax rates are cut, and down
when they're raised.

Tell me, do you swallow that line that handing out money to folks who
don't
pay taxes is a "tax cut?"


Still waiting for your answer.

Your question isn't a fair question, because it makes assumptions that are
not true.


--
"j" ganz @@
www.sailnow.com