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Politics : Stockman Scott's Political Debate Porch
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To: lurqer who wrote (28075)9/18/2003 6:17:27 PM
From: Jim Willie CB  Read Replies (1) of 89467
 
Bush-AG deal very possible
he must have exacted some terms from Greeny
his father hated him for pulling back money supply right before the BushSr election loss

clearly the main event in late July was the blatant deception of the bond speculators
they were sold a bill of goods
no sustained support of the TENS
they could not pull it off
it they could have, THEY WOULD HAVE TRIED

the unfortunate victim will be Fanny Mae and mortgage bond investors

Benson and North put it well
if GreenScheiss continues to pump up the monetary volume, then the Fed will surely devastate the dollar and long rates, which in turn will do huge damage to housing from the supply side
(not enough mortgage funds available)

if GreenSputem realizes the threat to the dollar, and pulls back on monetary expansion, then the Fed will build a road with millions more job layoffs, which in turn will do huge damage to housing from the demand side
(not enough job income to pay for mortgages)

WHAT AN INCREDIBLE CATCH-22
/ jim
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