Some of ya'all just need to take a deep breath..... On Tue, Apr 19, 2011 at 11:00 AM, Robert Munn <[email protected]> wrote:
> > Corporate outsourcing from 2000-2010 kept wages flat for an entire > decade, even as inflation ticked away every year, eroding the standard > of living of the entire middle class. Obama responded with the tools > of an old-school liberal - huge deficits, monetized debt, tax > increases. A well-intentioned but ultimately self-defeating strategy > at a time when the dollar is under such tremendous pressure because of > our long-term structural deficits. Republicans have an equally > self-defeating strategy in play right now - slash public benefits and > lower taxes in an attempt to close the deficit and spur private > investment. Those dollars are not going to be invested in the US for > the simple reason that there are better opportunities around the world > right now, and that will probably continue to be the case for some > decades. > > The social contract between the rich and everyone else has been > broken. The social contract between older generations and younger > generations has been broken. All hell could break loose sometime > before the end of 2012. > > On Tue, Apr 19, 2011 at 7:49 AM, Sam <[email protected]> wrote: > > > > You mean 2008 -2011 > > The new ruler has failed. > > S&P has stated that as plain as can be. > > > > Oh, and there was never a surplus. > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:336417 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
