Thursday, June 7, 2007

POLYANNA.. GLOOM AND DOOM DENIER?

IT'LL BE FUN TO WATCH THE PROFESSIONAL APOLOGISTS SPIN THIS MARKET ROUT...

HERE'S ONE NOW.

THE ISSUE SEEMS TO BE WILL THE RICH QUIT SPENDING BECAUSE OF HIGH GAS PRICES...AND HIGHER RATES ETC... WELL, OF COURSE NOT!

BUT, THIS IS A CONSUMER ECONOMY BASED ON ORDINARY PEOPLE...

WE ARE NOT YET A ROMAN IMPERIAL ECONOMY WHERE ONLY THE REPUBLICAN RICH COUNT FOR ANYTHING...

WITH ANY LUCK IN 2008 WE'LL BREAK FREE OF THAT DISMAL FATE FOR GOOD...OF WHICH WE'VE HAD A DISMAL PREVIEW FOR THE LAST SIX YEARS...