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According to an AP story today, the president says the U.S. isn't going into Recession. So, whatever he says must be true given his track record on being right.The economy is in trouble. Government is not helping, in my opinion. Government is killing the economy. Whatever 'house' has been built by this adminsitration economically, is shaky at best.
Whether it is locally, or at the county, the state, or federally, whenever government spends in an irrational manner, there will be peril. When government interferes with business for a long enough time, then there is Recession. When government doesn't reverse itself, it can get worse.
Not everything is the fault of government in the economy. So government actually has to work to screw up an economy. I believe the effort has been put in and is yielding sufficiently dismal results.
Click on the headline and go to the story.
1 comment:
Cut taxes and then start two wars. Of course the economy is going to tank.
What do they do about it? Cut more taxes and lower interest rates. All that does is undermine the value of the dollar.
Just wait until oil and the Chinese manufacturers have to be paid in Euros. Then you'll really see what a disaster Bush has been.
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