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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: CalculatedRisk who wrote (20714)8/30/2004 12:22:38 AM
From: Brumar89  Read Replies (1) of 173976
 
From 11/98 to 5/00, the fed funds rate was raised 6 times, from 4.75% to 6.5%. In particular, it was raised high enough to turn the yield curve negative.

the recession was not exacerbated by 9/11. Ah well, I'll say the economy was worsened by 911 versus what it would have been otherwise.

In fact, that tragedy helped the country out of recession as people spent like there was no tomorrow. Excuse me, but you're arguing 911 helped the economy? Giving credit to the 01 tax cut would make more sense, I think.

Most economists think there was some stimulative effect from the tax cuts / deficits, but not much. In fact a number of prominent economists (including ten Nobel laureates)

You can get a list of prominent economists to sign anything.

One thing we agree on is that the economy was heading into recession in 2001 no matter who was elected President.

Yep.
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