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George Bush has been in office for seven and a half years. The first six the economy was fine. Okay, he's president but he is not the dictator of what occurs in the U.S.A. We have a "checks and balance" system: Congress, Supreme Court, president. A little over a year ago, consumer confidence stood at a two and a half percent higher, regular gas sold for $2.19 a gallon, the unemployment rate was 4.5 percent, the Dow Jones hit a record high of 14,000-plus, Americans were buying new cars, taking cruises, vacations overseas and living large. But, America wanted change, so in 2006 they voted in a Democratic Congress and yes, we got change all right! In the past year consumer confidence has plummeted, gas is now over $4 a gallon and climbing, unemployment is up to 5.5 percent (10 percent increase,) Americans have seen their home equity drop by $12 trillion and prices are still dropping. One percent of American homes are in foreclosure, the Dow is probing another low, and $2.5 trillion has evaporated from their stocks, bonds and mutual funds investment portfolios. Yes, in 2006 American voted for change and we sure got it. ...more
October 3, 2008
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