Friday, March 07, 2008

The Bush Legacy

Approaching the conclusion of the Bush Era, we have 150,000 troops tied down in a war we can't win, oil prices have topped $106 per barrel, foreclosures are at record highs and for or the first time the amount of debt tied up in American homes now exceeds the equity homeowners have buil. On the politcal front, come this fall we could have 60 Democrat legislators. Meanwhile, the trade deficit in 2007 topped $700 billion and the dollar collapsed against the Euro and Yen.

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