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Politics : DON'T START THE WAR
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To: Moneysmith who wrote (16067)3/5/2003 7:14:23 PM
From: Augustus Gloop  Read Replies (1) of 25898
 
And none of these issues were starting in motion prior to January 20th of 2001? I think they were. Government was spending money based on projected inflows that never materialized as a result of because the economy was sinking from late 1999 on. The dollar faces challenges because of this over spending and ( roaring 90's party we had ) which means to keep consumers looking credit worthy we needed to adjust rates. Once rates were adjusted down the logical next step is a devaluation in or currency. In short I don't think its quite so easy to lay this all at the feet of GWB and I work in the same industry you do
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