kmne68

Worst Dow June Since Depression

I am so utterly sick of people spinning this economy as "Worst since the Great Depression..." Democrats and the media did the same thing in 1992 trying to get Clinton elected. Now they do it for their latest darling.

Unemployment remains low.
Growth, though slow, continues.
Interest rates remain favorable for growth.
International growth remains strong.

Sure, the dollar is weak and oil is high but those are flip sides of the same coin. Credit policy is confounded by the subprime mortgage mess. These are temporary conditions--certainly not worthy of the doom spouted by these nattering nabobs of negativism.

Frankly the dollar is oversold relative to the strength of U.S. growth potential, particularly vis a vis the Eurozone.

Oil is looking like a near bubble and is priced based on distant supply\demand expectations which are rarely realistic when formed in such an environment.

Huff and puff about depression and recession long enough and you'll be sure to get it. Don't let a maniacal hatred of George Bush cause you to root against the U.S.