SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Don't Blame Me, I Voted For Kerry

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bearcatbob who wrote (12020)4/3/2004 4:35:27 PM
From: Steve DietrichRead Replies (1) of 81568
 
<<The fact that we only had a mild recession instead of depression is remarkable.>>

I'd argue that the spike in crude had a lot to do with bringing the expansion to an end, just like many previous expansions.

This recession was a mild as it was because the economy was in such good shape fundamentally: low inflation, low interest rates, low unemployment, and a strong federal balance sheet.

Compare that to the recession during the first Bush's presidency.

<<Going forward there is no honest discussion from the left or right on how to solve the long term financial problems.>>

It's remarkably simple: raise taxes or cut spending, or both.

It's the Republicans who refuse to face this obvious truth, lying that we can grow our way out of our fiscal problems.

SS is fine. Medicare is in trouble.

Steve Dietrich
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext