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Pastimes : Discussion Thread
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To: TimF who wrote (2453)11/6/2008 2:13:13 AM
From: c.hinton  Read Replies (1) of 3816
 
"But unlike Mr. Reagan, who later allowed taxes to be raised to combat soaring budget deficits, the younger Mr. Bush refused to contemplate such an action. When the economy was booming, he saw no need to apply the brakes, and neither did the Federal Reserve chairman he had inherited, Alan Greenspan. Had they been willing to do so, the current bust might have been avoided, or at least been much milder."

nytimes.com
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