"Dave" wrote in message
...
On Tue, 9 Sep 2008 13:12:05 -0700, "Capt. JG"
said:


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.

Guess you have a problem with reading comprehension. The answer is above.
Apparently you just didn't like the answer.

Now, let me ask again:

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:

Do you dispute the unemployment numbers, the growing mortgage crisis, the
huge deficit that's getting worse?

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