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echo: barktopus
to: Gary Wiltshire
from: Rich Gauszka
date: 2006-02-24 08:16:38
subject: Re: `HELL NO!` Sincerely Sue Myrick

From: "Rich Gauszka" 


"Gary Wiltshire"  wrote in message
news:op.s5gy07w2eipai0{at}dsl40.bgtnvtpl.sover.net...
> On Thu, 23 Feb 2006 13:28:41 -0500, Rich Gauszka 
> wrote:
>
>>
>>  >>> I'm actually with Adam on this one.  Where is the
outrage for the
>>> British
>>> or Dutch who own huge chunks of our economy?  From what I understand the
>>> Danes and Singapore are big in this particular area already.
>>>
>>> --
>>> Gary Wiltshire
>>
>> Well with the Dutch we might have to worry about those dastardly cartoon
>> smugglers :-)
>
> That's the Danes, not the Dutch.

It was just a silly pun on your
>>
>> What economy?  - A good portion of US manufacturing here has moved to
>> China
>> and it has secured a large amount of our debts and assets
>
> Oh?  Then what is everyone doing for a living here if there is no economy?
>>
>>

Living on a reduced income?

 http://seattletimes.nwsource.com/html/nationworld/2002825513_income24.html
U.S. families' wealth stagnated during the economy's recession and recovery
from 2001 through 2004, as lackluster wage growth, sagging stock prices and
rising debt levels offset the gains from higher home values, the Federal
Reserve reported Thursday in its latest Survey of Consumer Finances

Income growth was held back in 2001-04 largely because of a 6.2 percent
fall in median wages, the largest source of family income, the report said.
Investment income also declined, as interest rates, stock prices and
dividends fell through much of the survey period.

The survey's findings reflect how households coped financially with the
economic turmoil of that period, which coincided with President Bush's
first term, a recession, terrorist attacks, accounting scandals, and wars
in Iraq and Afghanistan. Businesses slashed millions of jobs and cut back
sharply on investment in plants, software and equipment from 2001 through
early 2003 while Bush and Congress cut taxes and the Fed lowered interest
rates to keep the economy going.

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