Friday, January 11, 2008

What messed up economy?

Hillary Cliton recently proposed a 70 billion dollar "emergency spending bill" to help poor American's suffering from a "possible election year economic recession." 40 billion dollars is to help people who are dealing with the morgage crisis, with the other 30 billion to help the poor with recesion issues. The link to the article is here.

But is there really a crisis. Its a known fact in economics that the economy is cyclical, it will be really good and then go down and then go back up (this what not the best explanation, and I will ask a freind who studies economics to give a much better explanation.) The current mortgage crisis is another thing being blown out of proportion. 94% of American's are paying their mortages. We are not coming toward the great depression again.

But why is the media and why are democrats trying so hard to freak Americans out? Polls taken by The Economist show that when Americans think the economy is good, they want Republicans in office, while when there are economic "problems" they want Democrats who will help fix it.

Hillary Clinton knows that by playing on these fears she can help herself win. This is another example of Democratic fear mongering.

2 comments:

charlie1206 said...

damn who ever wrote this ws dead wrong now!

Anonymous said...

hahah yeah, silly republican writer