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We can assess the state of the economy without help

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Posted: Wednesday, September 26, 2012 12:00 am

In previous election years, I probably commented on the memory retention of typical U.S. voters as I tried to send a message that the cycle repeats every four years to no avail. Hearing from the conventions, I heard optimism on both sides, including expressions of optimism.

The Democrats reminded us that Osama bin Laden is dead, General Motors was rescued and we have health care. Was bin Laden not already dead, and where is the corpse? Did we benefit from the General Motors bailout and from the revised health care? As for Romney, I am sure that I could scrutinize him equally as well.

In previous years, I never heard a politician state that the economy would collapse by the exporting of jobs to foreign nations or by "problems" in banking; that foreclosures and unemployment would reach 10 percent; or that California home prices would collapse upside-down while promissory notes were being "securitized" in private trusts on Wall Street. I wonder how many politicians have confessed that the economy of Detroit would collapse by foreign manufacturing of American automobiles, and by treaty agreements. Ditto for the textile, steel and aluminum industries.

I am sure that people were cheering the conventions from the front of their televisions. If the political speeches were truth, then why do we need to be told? Do we not have our own brains capable of assessing the state of the economy?

Daniel Hutchins


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