Just got back from my economics class. My professor talked for a few minutes about our current economy. Heres what he said, and I agree (except on one thing)
1: The economy is just on the down-side of the economic cycle right now. I am pretty sure he said the current cycle started in 2000.
2: The economic slump we are in will fix itself over time, but politicians don't have time due to elections
3: Democrats are a bunch of liars and whiners. If you think things are bad now, and they truely are not (situation right now is actually comparable with the 1960s in terms of unemployment and inflation), check out the late 70s and early 80s. Inflation and unemployment was extremely high following the Vietnam War and insanely high during the Opec Embargo.
4: Bush is toying with Saddam to get people from focusing on the economy. If the Republicans can gain control of the house (Nov5 elections), some good legislation can be passed. Legislation that prevents 25 billion dollar settlements for weak-minded people who smoke cigarrettes (and in turn hurts the economy).
5: Democrats are presenting skewed information about the economy, especially on tv.