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This is the pay day for trillions in new national debt?

<![CDATA[If this is a growing economy, why are the signals so mixed. Having celebrated a slight decrease in unemployment—as if the holidays don't usually create short-term work for a lot of folks—unemployment claims jumped ahead of schedule, because sales aren’t living up to expectations. Retail sales show all the signs of a very mediocre year-end […]

<![CDATA[If this is a growing economy, why are the signals so mixed. Having celebrated a slight decrease in unemployment—as if the holidays don't usually create short-term work for a lot of folks—unemployment claims jumped ahead of schedule, because sales aren’t living up to expectations. Retail sales show all the signs of a very mediocre year-end for physical retail as more buyers turn to the Net to avoid lines, but there’s no real growth because the cost of stuff from much of the world is higher due to the lagging dollar (weighed down by our trade and federal deficits). Only luxury retailers, who benefit from the rich getting far richer in relation to the rest of us, are having a notably better Christmas sales. Factory orders are up only because of Defense Department purchases of fighter aircraft (buying Boeing at $33 was a good idea).
This is the Bush economic program in action. With Bushies already lobbying to push the pathetic John Snow out of the Department of Commerce in favor of an even greater toady, it will only get worse. We’re getting what we voted for, folks. In a word: Reamed.]]>