Quote:
Originally Posted by kane
I said before I really believe it. When it comes to elections what is really happening has nothing to do with what you can make people believe is happening. If we are adding jobs to the economy and the stock market is still up, it won't matter how much debt there it or how much deficit spending there is going on. A skilled politician can convince a lot of people that things are looking up if there are basic indicators he can point to.
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The stock market rising is no real indication of economic health, only it crashing is. Furthermore, inflation adjusted, people have been getting negative returns for 10 years now. We won't be adding any real jobs anytime soon because we don't have a strong manufacturing sector. Furthermore, it WILL matter how much debt we have because if the Chinese, or the other emerging nations decide to start selling us back or Treasury Securities, we're fucked.