[LEMONS]


7.08.2002

It's Still The Economy, Stupid

Salon has an interesting interview with Joseph Stiglitz. Stiglitz is the former chief economist for the World Bank, and a Nobel Prize winner.

The fiscal mismanagement of the current administration -- leading to a change in the fiscal position of the United States over the past year -- is absolutely phenomenal; going from huge surpluses to huge deficits and the deficits are probably going to be larger than people anticipated. That means that foreigners are already losing confidence in the United States because the United States had earned a reputation for sound fiscal management -- and now that reputation is being destroyed.

Although I'd altogether rather have a solid economy, If Bush continues to bungle things we can rest assured he'll be a one-termer. Assuming The Supremes don't get involved, that is.



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