U.S. Deficit = World Debate

[dArKeR]

The soaring U.S. budget deficit is not a threat to the global economy, Treasury Secretary John Snow said as finance ministers and central bankers from the major industrialized nations gathered for weekend meetings.

Sounding an optimistic note before he and Federal Reserve Chairman Alan Greenspan hosted a meeting of the Group of Seven major industrial nations, Snow said Thursday that the U.S. economy is in far better shape than it was last spring. Analysts then were worried that anemic growth would plunge the United States into another recession.

"We're on very solid footing, our upward trend is strong," Snow said, listing a number of upbeat economic signs, from growth in the gross domestic product to rising exports and the creation of 300,000 payroll jobs in March, the biggest one-month gain in four years.

http://www.cbsnews.com/stories/2004/04/23/national/main613353.shtml

[tabasco]

1. I'm no economics expert or even fairly knowledgable.

But I get the impression that the rest of the world is happily watching Bush destroy the economic power of the US. Russia wants us to build Star Wars and waste money. Europe is becoming more powerful economically. We will turn into a banana republic if the repugs stay in control of our country.

[Capt_Nemo]

2. As one of those in the rest of the world I can tell you that

that your impression is absolutely right!

We are eagerly waiting for the US empire to spend itself into oblivion
so that the threat of neo-con hegemony is no more.

[Just Me]

3. I kinda' figured that was the case. *eom*

[bobbieinok]

4. do you think bushco keeps 2 sets of books?? one for the public

and 1 for themselves so they know when to run??

[tom_paine]

9. Absolutely.

And John Snow is a Congenital Liar and Odious Bushevik Stooge.

I wouldn't believe him if he said water was wet.

[mmonk]

5. As new coalitions emerge

against us in the world, there will be a few to check American economic hegemony. That might finally get the attention of repubs since they would follow any horrendous leader as long as they got their tax cut ideology.

[swinney]

6. IMF head said

America's deficits leading to a world recession.

[swinney]

7. 308,000 jobs im March but but

Part time job numbers increased by 300,000 in March. Wow! What gives?

[chenGOD]

8. Just wait until China and Japan call in their chits.

it'll be like that scene from the movie "snatch" when they're talking about the hare getting chased by the dogs.

Tommy: "what happens when they catch the hare"
Turkish: "it gets f*cked"
Tommy: "what, proper f*cked?"
Turkish: "Yes Tommy, proper f*cked"