PRESIDENT GEORGE W. BUSH Message Board

STOCKTALK

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 : PRESIDENT GEORGE W. BUSH

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: KLP who wrote (742389)	6/13/2006 2:08:35 AM
From: RMF	Read Replies (2) of 769670

KLP....As far as the recession of 2000-1, did you ever hear anything about the tech bubble bursting? That was a bit of a hit...I know because I got hit too. I don't blame it on Clinton, but to some degree I blame it on Greenspan. If he had wanted to, he could have cooled those market excesses. If you think Bush pulled us out of that recession, I'd have to disagree with you. Bush cut taxes for the rich, (including me to some extent), but I don't think that spurred the economy that much. Again it was Greenspan and the FED. 50 year lows in interest rates and a very loose monetary policy. Bush DID just ignore monetary restraints and flooded the country with "borrowed" money. That always works. The MAIN result of both Bush's and Geenspan's work was the over 30% depreciation in the dollar we've seen over the last 5 years and the resultant incipient inflation we are now seeing bubbling to the surface.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next