"Schizoid Man" wrote in message
...

"Michael McKelvy" wrote in message
"dave weil" wrote in message

On Mon, 15 Dec 2003 15:56:04 -0800, "Michael McKelvy"
wrote:

Most political observers, the objective ones, don't feel there's
anybody
who
can beat Bush at theis time and under the current circumstances.

That's *exactly* what they said in 1991.

The war was over and he'd broken his promise on taxes.

9/11, Saddam captured, Iraq liberated, Economy rebounding like
gangbusters,


What did you major in? Library Science? Just because the Dow hit 10,000
doesn't mean the economy is rebounding. The job market is still
atrocious,
spending is through the roof and the internal deficit is growing at a
breathtaking pace.

Why is it that whenever one talks about the Dems that the Californian
debt
crisis becomes such a focal issue, but no one mentions the federal and
trade
deficit?

For one, the democratic budget plan was flat out illegal in Ca.
Deficit spending without voter approval is illegal in Ca.
The Ca. dems (both in legislature and the governor) didn't
seem much to care about that little detail.

That is not the case for the federal gov't.

Trade deficits don't reflect the whole picture.
For example a good chunk of my employers profits are derived
from royalties on IPR.
Much of that comes from foreign companies and markets
including China. That money coming back is not counted against
the trade deficit.

ScottW