It does not pay to quote an article here I see. Every sentence in my post other than the one about jobs being created paying less than the jobs lost or being sent overseas was a direct quote from the article I linked, although it is a documented fact among economists. I quoted the 'experts' mamacalled. If this was just a summertime thing, I would think that there would be no need for investors to be concerned. The concern is there and there is reason for it. Surely investors have been through summer letdowns before. Major oil companies have just reported their biggest profits ever. It does not seem as if though high oil prices are hurting them. Who does that leave to be hurt other than the consumer? I agree with Kerry. If this economy has "turned the corner" as the President says, it must have been a u-turn because we are headed back to a situation whereby the economy is slowing down and government spending continues to increase.
How can you be a Conservative and agree with an administration that has spent more than any other before and has created the highest deficits America has 'ever' seen? It takes more than lip service to be a true Conservative and many on here don't seem to realize that. Fiscal Conservatism is a major factor in Conservatist theory. Where is it now? Many of you don't seem to know the meaning of Fiscal Conservatism. It does not mean spend, spend ,spend. If this was a Democrat who had engineered such a devestating blow to the Treasury with these ever increasing deficits, every 'Conservative' on here would be howling. Why not now? It appears that the only way that Conservatives here respond is to call you a Liberal. As far as I can see from the responses here on this forum, Liberal has suddenly become a Conservative terminology. Who would have thought that! I'll agree about one thing when using that term, this administration spends liberally. What does that make it? A Liberal administration?
If you want to talk about history, here is a piece that should be remembered: the economy has always performed better under Democratic Presidents. The last surplus the nation had was left by President Clinton. Before anyone says that Congress had a lot to do with that, let me ask a question that I would like for someone to answer: who was the last Republican President to leave the nation with a budget surplus when his term was over? Congress notwithstanding.