Originally Posted by riethoven

I think it can be said that the executive branch does not have the lions share of the blame when it comes to how the economy is doing - especially in peace time.

But if you listen to Mr. Greenspan (who was around for the last democratic administration too) the spending habits of the current government could have a profound effect on not only our economy but the economy of the world. 320 billion in Iraq (for what I don't know) multiple pork barrel projects, Hurricane Katrina among other things, plus the now negative savings rates of the average US consumer could help to make the dollar crash against other foreign currencies which could do serious injury to the US economy. Not only that, but there are so many economies that depend on us to buy their consumer goods, that we would bring them down too.

Remember when a dollar bought you 1.20 Euros, well now it will buy you .8 Euros and the Yen is slowly creeping up on the dollar also.

We as a nation of consumers have got to look at our spending habits and let the politicians know that they are spending our future right now, and that there will be nothing left when I get to retire in 20 years, let alone when my kids get to retirement age.