A post from the Seattle PI, response to column by David Brooks

[bow-tie]

Posted by TheProfit at 4/17/08 6:42 a.m.

SpaceAgePolymer,

You quote Obama: Of course they're frustrated. You would be too. In fact many of you are.

RIDICULUOUS! The last 16 years have been great in economic terms. We've enjoyed low interest rates, low unemployment, and low inflation. Certainly in my lifetime, there has never been a better time. And, before the the last 16 years, we were blessed with 8 years of Ronald Reagan, where we witnessed declining inflation and declining interest rates.

Of course, for 12 of the last 16 years, we had the Republicans in control of Congres.

Now, the liberals are in control of Congress and inflation is raising its ugly head, which will eventually result in higher interest rates. And, higher interest rates will result in higher uneployment.

So, Obama's words will turn out to be quite prophetic, as he will have accurately described the end of his first (and last term) as president.

TheProfit

http://seattlepi.nwsource.com/opinion/359270_brooksonline17.html In the "Sound-Off section"

[uppityperson]

1. Look at this person's screen name "Profit".

Yes, some people have made huge profit off the backs of others. I wonder if "Profit" is one of those and can understand why might not want things to change. Even in Seattle there are these sorts.

[bow-tie]

2. More than I thought

apparently. I always so sure that WA was way blue only to find out I was so wrong. We're hanging on by our fingernails.

[sinkingfeeling]

3. Yep, and for 12 of the last 16 years we've been 'charging' everything to future generations. But the

rest of the world has finally caught on and decided that 'investing' in the USA isn't a real bargain with that much debt hanging over our heads. So now the US dollar is down over 40%, but that couldn't possibly be driving inflation nor higher prices on everything, could it?

[ProfessorGAC]

4. It Might Be Nice If "Profit" Had His or Her Facts Straight

The 8 years of Reagan involved only 3 years of low inflation. And, since he said "the last 16 years", that would not have included Reagan. And, if he said Reagan, then he was talking about essentially a Democratically controlled Congress. And if he said the last 16 years, then he was talking about Clinton.

What an idiot.
The Professor