Reply #11: Observations

[unlawflcombatnt]

Thanks for your observations, kineneb. I certainly agree that something ugly is on its way.

Home equity extraction, and the spending it finances, has nowhere to go but down. Real wages have declined 2 years in a row. There's no reason to think consumer spending won't decline even further.

Iraq may cost $2 trillion according to economist Joseph Stiglitz. Our national debt has increased over $300 billion in the 1st 6 months of the current fiscal year.

It's amazing to hear Right-Wingers get on television and talk about how good the economy is. What are they basing their statements on? Where's the "good" news to support this?