[hytem]

If it weren't for "made in China" and cheap oil (relatively), we would be dealing with a post-Vietnam situation with that big deficit. That means inflation. But it probably won't happen unless there is a sustained jump in oil prices. Oil is the big Kahuna--that's where inflation will come from. Interest rates don't mean a thing--except raising them will kill the economy and the stock market--as Greenspan did the summer before the 2000 elections (wonder why).

Those tax cuts meant nothing to the middle class--because they were more than offset by 1% CDs, which killed interest income. If you make a few mil a year or more, like most baseball players, then you love Bush.