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Politics : The Donkey's Inn

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To: Elroy Jetson who wrote (9264)	10/3/2004 5:35:11 PM
From: Oeconomicus	Read Replies (2) of 15516

America is quickly being made into the image of Japan mired in a grinding economic depression. Too bad for you that we aren't in a "grinding depression." In fact, we came out of the Clinton bubble-induced recession in November 2001, eleven months into Bush's administration, and have had a growing economy since - accelerating in the last year and a half. It may interest you to know that should the Fed attempt to "normalize" interest rates It may interest you to know that the Fed is already raising interest rates. Unfortunately, your insane delusion of "affordable debt" ends once interest rates reach zero and they can no longer be lowered. My, my. What's with the personal attacks? BTW, as noted above, rates are rising and never got close to zero. Reagan's economic 1987 tax policy, "Grandpa has a new credit card" Oh, goodie - silly sound bites. Running a campaign here? What 1987 tax policy are you talking about?

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