Iraq/Afghanistan is a big cost, but a one-time cost. MC/SS is forever
and only getting worse.

I sure hope we don't have to bail out Freddie/Fannie. That's the end
of our national prosperity if we do.

I hardly blame this all on Bush. I remember very distinctly Alan
Greenspan was asked about why rate were so low with a perceived
burgeoning housing bubble several years ago when he was still Chairman
of the Fed, and his answer was, "The market will take care of prices."
Great, thanks Alan, that seems to have turned out really well for us
all, eh?

On Wed, Jul 16, 2008 at 11:41 AM, Gruss  wrote:
>> Munnsterwrote:
>> Medicare and Social Security.
>
> Wow, I totally forgot about that.  Also you can add in the $750B of
> hard costs for Iraq knowing there'll be ancillary costs .... OH! and:
>
> Lessay that Fannie and Freddie needed a bailout.  That would DOUBLE
> the TOTAL US DEBT!
>
> In short, in 8 years, Mr. Bush's short sighted economic policies will
> have eliminated the US as a super power economically.  The new
> "dollar" will probably be the yuan.
>
> Sure wish Bush wouldn't have fired that aluminum guy ...
>

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