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I find the optimism that Americans have today, cute and very amusing.
The moron President will leave a national debt twice as big as what Bill Clinton did. In just eight years he will have overspent by as much as all previous Presidents combined!
The consumer driven economy is going to bust because consumers have no more equity in their homes to spend.
Retiring baby boomers are going to start drawing their social security.
And the huge military bills for Iraq, Afghanistan and who knows where else will go on for many more years to come.
China is switching its t-bills into stocks Literally owning the US.
Canadian banks are looking to scope up US banks at fire sale distress prices.
Can we say 50 cent dollar, $5 a gallon gas, and 20% inflation?
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Paul
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