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Politics : Politics for Pros- moderated

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To: JohnM who wrote (3116)	7/4/2003 10:55:53 AM
From: KyrosL	Read Replies (1) of 793719

Novak sounds like an idiot. There is no other way to describe his contention that an extra quarter point drop in short term interest rates will make or break the economy or Bush's reelection. Greenspan already dropped rates by more than 20 TIMES a quarter point. I think that Bush and Greenspan will succeed in resuscitating the economy enough to have a strongly falling unemployment rate by 2004. So, unless Iraq really blows up, Bush will win in 2004. The key in Iraq is to stop listening to Rumsfeld and the Neocons and pour in the extra people and money needed to stabilize the country NOW, well before 2004. Will he be smart enough to do that?

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