Saturday, November 04, 2006

SATURDAY MORNING POST "ELECTION DAY"

Bush is stumping on his Economic record and sending fears of tax hikes if Dem's gain control as only reason to vote R.

ENGLEWOOD, Colo. -
President Bush said Saturday his tax-cutting policies have created jobs and promoted growth, economic progress he contended is jeopardized by the prospect of Democratic victories on Election Day.

"Americans are finding jobs and they're taking home more pay. The main reason for our growing economy is that we cut taxes and left more money in the hands of families and workers and small business owners," the president said in his weekly radio address, delivered live from Mile High Coffee in suburban Denver.
Campaigning on the final weekend before Tuesday's vote, Bush told reporters just before the broadcast that he "feels good. It's quite a campaign coming down the stretch."
On the radio, he said Democrats consistently have opposed his tax cuts and they predicted the tax would not create jobs or increase wages and "would cause the federal deficit to explode."
"American workers and entrepreneurs have proved all those predictions wrong. But Democrats are still determined to raise taxes. And if they gain control of the Congress, they can do so without lifting a finger," said Bush, seated at table in the shop as patrons sipped coffee and snacked.

Bush's main tax cut was a cut in dividend tax rates in which the avg American gained very little, however the insiders and already rich in the higher tax brackets with much larger stock portfolio's have gained mightily.

Bush's policies have widened the gulf between the have's and the have not's. The avg American is falling deeper and deeper into debt.

ALL we have gotten from Bush policies is asset inflation and dollars fleeing this country to Asia. China now holds a record $1 trillion dollar of US debt, even more than Japan.

It takes 250,000 jobs a month just to keep up with those coming into work force. Yet last 2 months we have averaged less than 100,000 and unemployment rate drops dramatically?

Only once has the market rallied in OCT, now make it twice in 10 years. just a coincidence?

I think the short term health of the stock market will be determined by the outcome of the Tues election, if the Repulican's lose their grip I think the market will react badly, but you never know the Republican's might pull it off again, and then we see a SWIFT rise.

The markets recent mild pullback is telling us it doesn't know for sure how it will all come out, I do not expect much until we get Wednesdays reaction.

If you like the way things are going, if you support the war in Iraq, and don't mind losing some of your constitutional rights, vote R. If you think a STRONG message needs to be sent to the Republican majority and BUSH we don't agree with his policies and ignoring criminally the constitution......you know what to do


Duratek

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