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losing jobs in mid-sized corporations and opening their own small businesses. Inflation from Oil - is fought this way. Plus there was another tax cut a year ago.
So as long as Bush can keep putting assets $$$ into the stock market - the economy will continue to grow. As long as the emerging giants & their growing middle classes in India, China, etc, as long as they keep going for American dollars to hold some of their assets... as long as gold is sold (and I do not know how much of Fort Knox has been emptied).. as long as they keep "fluffing" up the market - the market will keep roaring. But only so long as inflation is not a problem. Only so long as other people in other countries willingly hold the US dollar as the "world dollar" and ignore balance of payments and debt - when they decide to hold US dollars.
Growth will continue. And, the debt, which is where the money given in tax cuts & in Iraq, as it grows...the middle class and poor will have to pay that off as time goes on.
So - if you had a fire sail, and your neighbours kept lending you money, so you could go out and buy more stuff and then have more fire sales, your front lawn would be very busy too! Except it is not the people in your neighbourhood who are buy the stuff at the firesale - it is the rich people only who are allowed in. The regular people in your neighbourhood would be busy moving lawns and working to survive, all the while you keep having a firesale. And when the debt gets called in by the neighbours who are lending you money, the regular people in your neighbourhood will have to pay that off. Or they will loose their houses.
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