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Understanding the current economy for Dummies
#60
It looks like all of Obama's talk about tax hikes and new spending since the debt ceiling was raised is having an impact. The Dow has been headed south since the deal was announced. As I write this, the Dow average is down 304.44 points (2.56%).

The vote on the debt ceiling agreement is more proof about what I have been saying about fiscal conservatism. The only fiscal conservatives in Congress are in the Republican Party but they are outnumbered by the tax-and-spenders - in their own party. That includes supporting fiscal conservatives running in Republican primaries against the big spending Republicans who now hold seats in Congress.

If we do not elect some fiscally responsible people to Congress in 2012 and sweep Obama out of the White House, life as we know it will soon end.
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Understanding the current economy for Dummies - by Hoot Gibson - 08-04-2011, 02:33 PM

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