News WITHOUT a spin

Tommy · 2006-01-05, 12:51 PM

Moby sometimes ya gotta wonder how dumb the people in this country are

5% unemployment ....the economy is doing good because of the bush tax breaks.... yeah right

the economy is doing good because of the housing bubble and the housing bubble was created by cheap interest rates

the cheap interest rates were created by china pumping money in to american banks because they are swimming in money from our 200 million trade deficit with them

right now housing is almost 50% of the G.N.P.

everybody is borrowing money and putting in new kitchens, bathrooms, buying cars, furniture, electronics, pools

and my favorite paying off their credit cards with their home equity

in 3 or 4 years things are gonna get bad

2006-01-05, 12:51 PM	#10
Tommy NYC Boy That Moved To The Island Join Date: Apr 2003 Posts: 2,940	Moby sometimes ya gotta wonder how dumb the people in this country are 5% unemployment ....the economy is doing good because of the bush tax breaks.... yeah right the economy is doing good because of the housing bubble and the housing bubble was created by cheap interest rates the cheap interest rates were created by china pumping money in to american banks because they are swimming in money from our 200 million trade deficit with them right now housing is almost 50% of the G.N.P. everybody is borrowing money and putting in new kitchens, bathrooms, buying cars, furniture, electronics, pools and my favorite paying off their credit cards with their home equity in 3 or 4 years things are gonna get bad __________________ Accepting New partners