Re: [MLUG - DISCUSSION] The G.W. Bush Presidential Library

[Mike Miller <EMAIL:PROTECTED>]

On Wed, 9 Jul 2008, Daniel Nowlin wrote:

> I am assuming that he is going to say; health care, housing, and oil/gas 
> prices.

Mostly the problem is soaring prices for things you list along with 
massive national debt.  The national debt is now about $9.5 trillion which 
is about $31,600 to the average American and about $125,000 for the 
average family of four.  Something like $2 trillion of this debt is to 
China and Japan which means that the average family of four owes about 
$26,600 to China and Japan.  That is not good.

In the summer of 2002 I went to Europe and found it easy to keep track of 
the exchange rate because it was almost exactly $1 for 1 Euro.  Now it's 
about $1.57 for one Euro.  The dollar has dropped in value to $0.63 
compared to it's 2002 value in Europe.  That's bad.

Another big problem is unemployment.

A lot of these problems could have been controlled much better if the 
people in charge had cared to do something.

Mike

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