As a business man in the NYC area, I've noticed a HUGE increase in manufacturing and investment. The only interest rates that I'm concerned with right now are the Mortgage Rates. I just refinanced two days ago at 5.25% WOW!!!!!!!!!!!!! The stock market, like the weather, changes often enough that the long-term investors aren't sweating... and they are the ones that I follow.
Yes, I understand the "innovative" government numbers that were reported during the prior administration. I also am educated in the "short-term" notes that they invested in for quick results. The problems arise when they are due and the market rates don't match the projected rise. That mistake that they made is just NOW being corrected. You talk about a tough task to rectify!!!
We've seen worse economic times (remember the Peanut Farmer?) and have been educated in the WORST economic times (ever read The Grapes of Wrath?). We've seen out-of-mind spending on Government programs (remember Ronnie?) and endured cutbacks in services and retroactive taxation (remember Billy?).
Quite frankly, I think that is hilarious! It's always great to have a President with the characteristics to make cartoonists drool. I do miss the wrinkly Reagan and huge-lipped Carter cartoons. It could be fun to pick on Dick Cheney, but no one's seen him in so long that we forgot what in the h_ll he looks like!!! |
