Weakening Political Currency

From today's First Read: "Over the next two days, listen for what Bush might say to address the list of traditional economic 'truths' which, to many Americans, no longer seem quite so true:

• that if you work hard, you'll get ahead;
• that health insurance will keep you from going bankrupt over medical costs;
• that owning a home is a means to financial security;
• that real estate and stock investments always increase in value;
• that Social Security will always be there;
• that your company retirement fund is safe; and,
• that your children will face a brighter future than you.

Until the Administration focuses on these concerns, it seems unlikely that Americans are going to see eye to eye with them on a strong US economy."

Of course, we should also keep in mind:

• that we will reap what we sow;
• that owning a home should not mean debt for decades to come; and
• that the estate or death tax is wrong--the state should not tax families and small business inheritance.

Tim
10,665 days