If the US keeps lowering taxes and interest rates, won't we end up...?

Question

Just like Zimbabwe and other 3rd world nations?

Our inflation is skyrocketing, and that is the cause of "rising" gas prices (the cost hasn't risen at all except in weak dollars), unafordable house prices - and the stock and real estate crash is coming too as a result.

Weak currency and inflation are hallmarks of African nations and other petty dictatorships run solely for the benefit of the rich.

I think soon Europe will be sending food and care missions here to help the Americans with nothing to eat and no homes to live in.

Your thoughts?

Answer 1

If McCain is elected and follows the Bush game plan we will end up:

     Bankrupt.

Answer 2

You need to do some in depth research.  Gas prices are outrageous due to stock market rules that allow gas as a commodity to be completely unregulated.  House prices have fallen dramatically in the past six months.  There was no way with the unsecured loans running away as they did that the housing market could sustain its run up.  I actually expected it to fall a lot sooner than it did.  Talked with 4 different people and told them over 12 months ago to sell or be stuck.  They decided they would stay and get rich.  Houses today are at about one half the cost of what they were even in January.  Maybe even I can afford to buy now.  The only inflation I have seen is due to cost of fuel.  The feds will start raising the interest rate again as soon as there is true inflation.