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Politics : Stockman Scott's Political Debate Porch
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To: Proud Deplorable who wrote (64221)10/29/2004 9:58:37 PM
From: Augustus Gloop  Read Replies (1) of 89467
 
Greenspan has made some terrible mistakes. They've gone both ways and now I think he has us boxed in with low rates. Until the credit bubble is reduced (god forbid popped) rates can't go up or we'll have a housing issue that could send us into a depression. We as a culture have lived beyond our means and thats what I mean by the population being willing to hear some bad news. Hard work a new savings ethic and less personal spending are the only things that can stave off a global depression. And that my friend is not on Bush......this goes back a long way!
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