"John" wrote in message
...

"Calif Bill" wrote in message
...

"John" wrote in message
...

"John H." wrote in message
...


Oh yes the conservatives do such a better job with the economy and the
national Debt....

Greenspan: Dark Days Ahead for the Global Economy

Those hoping for better news about the state of the U.S. economy-not to
mention the bigger picture-aren't going to hear it from former Fed chair
Alan Greenspan anytime soon, judging by his ominous forecast released
Monday.
"The current financial crisis in the US is likely to be judged in
retrospect
as the most wrenching since the end of the Second World War," Greenspan
said
in a Financial Times commentary.

"It will end eventually when home prices stabilise and with them the
value
of equity in homes supporting troubled mortgage securities," he said,
referring to the meltdown in the US subprime home loan market and
subsequent
massive losses for the banks holding the debt instruments.

"The crisis will leave many casualties," he said, his remarks coming
after
Bear Stearns, the fifth largest US investment house collapsed Friday and
was
taken over by JPMorgan Chase for a fraction of its value of only a week
ago.

Read more

http://www.france24.com/en/20080317-...&navi=ECONOMIE

Our printing presses for money are working overtime and there is nothing
to
back up our dollar. We are going to see the closest thing to a
depression
since the 30's. Inflation will grind us to pulp.

Bush, the progenitor of this abomination will skate free and leave
devastation in his wake. There is no reckoning. No accountability.
Pity.




Pity you are clueless. Maybe you should have paid attention in Civics
class. The problem with Bush is no veto pen. But it is Congress who
passes ALL spending bills.

Pity you have swallowed all of the rhetoric without thinking for yourself.
Actions speak louder than words, and numbers say all.
http://zfacts.com/p/318.html
Which party had a total lock on the senate, congress and presidency from
2000-2006?



And 2007? And the years before 2000? The only reason that the Clinton
years were a near balanced budget is the reduced spending by the
Republican's under Newt for a couple of years and the obscene amount of
money coming into Government coffers from the dot.bomb debacle. Came in
faster than they could increase spending. Part of the debt for the last 7
years was all the new programs instituted during those years. As I stated,
Congress has to pass any spending bill, and both sides of the aisle have
overspent for most of my 65 years of life. Sure the debt has increased
greatly during the last 7 years, but is was immense before those 7 years.
As I stated. How cas we elect anybody from Congress as Potus is idiocy!