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Politics : Idea Of The Day
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To: Rob S. who wrote (38271)4/9/2001 9:44:13 PM
From: Crystal ball  Read Replies (1) of 50167
 
41 years or $5Trillion Greenspan Lost versus Bush Tax Rebate to increase Liquidity (M1) or Free Money, it may come to that. You need to note that M2 and M3 of our money supply has been permanently destroyed by Greenspan's failed monetary policy. $5 Trillion Dollars is over 4x the 1.2 Trillion Dollar Bush Tax Cut over ten years, or 41 times the year 2001 share of that tax cut. A Tax rebate, even if 65 or 80 or even 250 Billion Dollars just will not cut it, it is not enough to make up for the lost $5 Trillion or more that the markets have lost (70% NASDAQ or 10-20% depending on the day for the NYSE or DOW). Thats 100% of every penney of goods and services earned by the entire USA GDP for 2.5 years approximately just plain destroyed. Is one man still to be worshipped or impeached or removed for doing this? A chicken in every pot, may be all that will be left as we GO CHINESE. I would rather GO NUCLEAR, BETTER DEAD THAN RED.
I am,
Truly your$,
-Crystal Ball
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