PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: SecularBull who wrote (369717)	3/11/2003 3:50:22 PM
From: DuckTapeSunroof	Read Replies (1) of 769670

Funny!!!! The '91 recession was a breather from the major economic progress made during the Reagan years. >>> So, I guess this is another 'breather', right? >>> You'll note, of course, that there were two recessions during the Reagan/Bush years... and that the powerful growth in the nineties didn't get traction until the financial markets saw a solid plan to reduce Reagan/Bush era federal debt interest payments... which were 'crowding out' private investment. >>> If Congress hadn't killed SEC Chairman Levitt's plans for accounting reform (expensing of stock option grants and a ban on accountants doing both consulting and audit work for the same client) then there never would have been an asset bubble.

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