> Matthew wrote:
> It repeats itself every week, it's a trap and there's no real way
> out of it other than starving for awhile.  That's why everything looks ok at
> the moment, but the long-term indicators are pointing
> south.
> 

Excellent analogy.  By the Whitehouse's own description their economic
policies are "not catastrophic".

Most people are saying that, too: coporations, CEOs, Wallstreet,  and
publications such as the Economist, WSJ, Forbes, Financial Times,
Money, etc.  Even the Whitehouse is not completely denying that the
long term numbers are grim.

Here's a bit from The Economist:

But even Mr Bernanke has stressed that deficit-reduction should still
be a priority. "Not catastrophic" seems a poor guideline for fiscal
policy, government or personal. For now, however, it appears to suit
America's politicians and consumers just fine.

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