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Politics : Impeach George W. Bush

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To: donjuan_demarco who started this subject12/30/2000 8:34:15 PM
From: RockyBalboa  Read Replies (3) of 93284
 
Actually, it is easy to see what moron that GWB is:

He has learned nothing (not even from Bush I), does not understand simple relationships and will clearly steer the economy in a so called hard landing. All for his holy cow, tax cuts when no one needs them...

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The more Bush talks tax cuts, the more Greenspan will dig in his heels and hold steady on interest rates. Since it takes six months for any rate cut to begin to have an effect, and this divided Congress is not about to hand Bush the keys to the treasury with a huge tax decrease, Bush would be well advised to tone down the tax-cut rhetoric. He needs to signal Greenspan that he'll behave well enough to deserve a rate cut. If he keeps pushing for a big tax cut, he won't get a rate cut. That's how Alan Greenspan disciplines presidents.

Otherwise, Bush II should ask Bush I what happens to a president and his re-election prospects when the Fed won't cut rates during a recession.

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