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Coming Sooner Than You Think - The Economic Tsunami [View All]

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clem_c_rock Donating Member (989 posts) Send PM | Profile | Ignore Tue May-17-05 11:26 AM
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Coming Sooner Than You Think - The Economic Tsunami
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http://www.counterpunch.org/whitney04082005.html

<snippit>
There are a number of signs that the economy is close to meltdown-stage. Even with cheap energy, low interest rates and $450 billion in borrowed revenue pumped into the system each year, the economy is still barely treading water. This has a lot to due with the colossal shifting of wealth brought on by the tax cuts. Supply-side, trickle-down theories have been widely discredited and Bush's tax cuts have done nothing to stimulate the economy as promised. Now, with oil tilting towards $60 per barrel, the economic landscape is changing quickly, and shock-waves are already being felt throughout the country.
</snippit>
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