Reply #3: read this article about our distressing economic situation. [View All]

[bdamomma]

http://www.dissidentvoice.org/2008/01/the-deflation-time-bomb/

just a snip of the article.

We are to about see how much George Bush really believes the “supply side” mumbo-jumbo he’s been spouting for the last seven years. Last week’s Labor Department report confirmed that unemployment is on the rise (5%) and that corrective action will be required to avoid a long and painful recession. There’s a good chance that the Chameleon in Chief will jettison his “trickle down” doctrine for more conventional Keynesian remedies like slashing interest rates, government programs, and tax relief to middle and low-income people. On Monday Bush announced that his team of economic advisors was patching together an “Economic Stimulus Package” that will be unveiled later this month in the State of the Union Speech. The goal is to rev up sagging consumer spending and slow down business contraction.