Golgot
10-23-03, 07:29 PM
This guy said it, not me ;)....
http://www.timesonline.co.uk/article/0,,482-864417,00.html
Interesting article - it doesn't agree with the recent hype about there being a big problem with "the jobless recovery" and the "twin deficits" (coz of the very strong rise in GDP and other indicators etc) - but it puts forward some other problems instead.
Seems reasonable enough in many ways. Not sure how exact/true the theorising is - but it sounds good :) - and the facts should be right enough too, it's from a broadsheet [even if it is a Murdoch paper]
Anyone know to what extent Bushy supports artifically devalueing the dollar? This article suggests he's "flirting" with it and protectionism (he's onto fore-play with the last one surely? ;) Farming, steel etc ). I can't find out if it's being enacted, or talked about, or what.
It also foresees some sticky problems. And some unpalatable solutions.
-It suggests these flirtations could lead to disruption of "the trans-Pacific currency accord that has supported the US economy for most of the past decade"
-It even suggests *gasp* a tax rise will be necessary.
-There's also a suggestion that economic policy could be tailored for a low-down purpose like currying favour with influential voters. Surely not ;)
Either way - is Bushy all at sea as we drift towards election season?
Expect a Rumsfeld memo to be released soon blabbling about it (oh wait, he does the war reports doesn't he ;))
http://www.timesonline.co.uk/article/0,,482-864417,00.html
Interesting article - it doesn't agree with the recent hype about there being a big problem with "the jobless recovery" and the "twin deficits" (coz of the very strong rise in GDP and other indicators etc) - but it puts forward some other problems instead.
Seems reasonable enough in many ways. Not sure how exact/true the theorising is - but it sounds good :) - and the facts should be right enough too, it's from a broadsheet [even if it is a Murdoch paper]
Anyone know to what extent Bushy supports artifically devalueing the dollar? This article suggests he's "flirting" with it and protectionism (he's onto fore-play with the last one surely? ;) Farming, steel etc ). I can't find out if it's being enacted, or talked about, or what.
It also foresees some sticky problems. And some unpalatable solutions.
-It suggests these flirtations could lead to disruption of "the trans-Pacific currency accord that has supported the US economy for most of the past decade"
-It even suggests *gasp* a tax rise will be necessary.
-There's also a suggestion that economic policy could be tailored for a low-down purpose like currying favour with influential voters. Surely not ;)
Either way - is Bushy all at sea as we drift towards election season?
Expect a Rumsfeld memo to be released soon blabbling about it (oh wait, he does the war reports doesn't he ;))