If our financial markets allocate capital well, and the business sector adds value, then we grow and create jobs, and generate tax revenue.

Our current expansion, our growth, job creation, and expanding tax revenues, are in part the measure of the spread on the Treasury financing that the left calls dangerous (even though it creates jobs for the little guy), that the right calls investment, and that the world financial markets agree with the right on, as evidenced by the very low long-bond rates.

There’s no hiding from these numbers.

Unfortunately, the left spends its energy not on boosting the system, but rather on cherry-picking the data in order to politicize and denigrate varied subsets of the system. It’s called “talking down the economy”, and it’s done continually, whenever an R is following a president’s name.

But despite the attack, the system itself–AKA “the economy”–is currently humming, hitting on all cylinders, and has been since those tax-cuts you like to mock.

But problems in the entitlements loom out a few years hence. Anyone who cares to look, has all the data they need to see it, just a few clicks away.

There is no need to rely on the Pelosi & Kennedy spins, nor is there any need to heed any other charlatans who may rise on the backs of a sufficiently lazy, distracted, or politicized constituency.

The cure is going to be in policy reform. The very *first* thing to do is, don’t elect anyone from either party who tells you any different.

Meantime, watch the long-bond rate. Watch other things too, of course (gold, the mkt indexes, commerce data), but watch that rate as your lodestone.

And rather than call the people here “ideological”–you couldn’t be more wrong–why not admit that you yourself are in the midst of a prolonged indoctrination at one of the most ideological institutions in the country?

Long rates are the risk-discounting mechanism for long-term economic prospects. The world is snapping up our bonds for under a nickel on the Dollar, in competitive Treasury auctions (where we get to see the naked quivering core of the price mechanism driving the supply/demand ratio driving the price mechanism) several times every month, regularly scheduled, pre-announced, come one come all.

A veritable cornucopia of fundamental information on how the globe thinks we’re doing, in real-time.

So, wolverine, there’s really no need for you to guess, speculate, wonder, imagine, cast runes, chant spells, read chicken entrails, in order to know what’s going on.

But the first thing I’d do, if I were you, is get my money back from the economics dep’t @ UM.

You do not want the Nam legacy on you or your children.

We are here today because of it. You will be on our side of the fence sooner than you think. Because inside you there is a threshold which will be crossed and you will say enough is enough.

You are the next Greatest Generation. Nam was kind of an end skirmish in a long war, this is a beginning skirmish in a longer war. The Iraqi people kept faith with us, they voted again and again, we must keep faith with them.

Don’t forget, it took us 80 years to settle our differences, and we lost 600K in 4 years from small population, IIRC.

Wolverine, you might expand your (war) horizons if you visit Windsofchange.net and Rantburg – but you’d better know your stuff at Rantburg.

As to the Euro, well, odds are it’s all over except for the screaming. It’s hurting too many countries.

Milton Friedman might have been right, about 15 years before it goes pffffht.

Where else is the world going to go?

Plus, they buy our bonds as a “tribute” because we are the world’s policeman. Do you think the Chicoms/Europeans want to spend their money patrolling the seas? We pay them a small return while we put our money to more profitable ventures.

Brothers Judd and the skeptical optimist could also be fun places.

Don’t forget, if you find debt to be such a bad thing, pay cash for your house.

Mebbe we should have let that generation keep smoking, it would have killed us off sooner.

Yes I believe Jon Curry meant just what he said. There is nothing new about this from him. What is only knew is his poor sense of timing for the rest of the left.

It is also an attitude that is shared by most democrats.

Ok, whose bullshit detector didn’t get pegged on this one?