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Politics : PRESIDENT GEORGE W. BUSH
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To: Hope Praytochange who wrote (716987)12/6/2005 1:16:56 PM
From: DuckTapeSunroof  Read Replies (2) of 769667
 
Yep, Flopper!

But with consumer spending representing some two thirds of the total economy... and real wages stagnant or falling, and net-savings negative, I wouldn't expect a 'productivity miracle' to repeal the business cycle or basic macro economics.

Greenspan doesn't. At least, not anymore.
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