Well, I wish you had some supporting information, I do not recall it happening that way. Also, I think there was inflation, especially in the stock market.
I would much rather be a buyer of stocks now, than when Nasdaq was 5,000. As an economy and a market, we are so much healthier now, than then. We are still sick, and it remains to be seen if our economic immune system can guide us back to health.
But, the sickness wasn't caused by Greenspan. The sickness is partly caused by the corruption, as exemplified by Enron and Global Crossing and Arthur Andersen's bribery of the Clinton admin to get what they want.
But, perhaps you should reread the article I posted. The cost of corruption in government is more signifanct by many orders of magnitude. The best way to fight a recession is to lower taxes. Bush is right on target with that, and if only the Democrats would join him.
The dems oppose Bush in the war on terrorism, the war on the recession (by being against more tax cuts).
However, the war on corporate malfeasance is viewed as a Democrat led campaign, and I support this war, and if the only way it will be conducted is if the Democrats get a little credit, then I am for that.
But clearly, more tax cuts is the right answer. Anything else, is just aiding and abetting the cancers that are dragging down our economy. |
