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Politics : Ask Michael Burke

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To: Earlie who wrote (53946)	3/30/1999 1:20:00 PM
From: Freedom Fighter	Read Replies (2) of 132070

Earlie, >>A.G. is in a terrifying box in my opinion. He knows he's got a stock market bubble and he hates the $#%@# thing, but he is stuck with it, because if it lets go, the wealth effect evaporates, consumers put mattresses against doors, and the economy tanks. << Curious on you opinion about something. Do you believe he painted "himself" into this corner by being way too easy in the early 90s? Then further painted himself into a corner by not soaking up the excess liquidity when international conditions were not a factor and the system could have absorbed it (a few thousand DOW points ago)? Then further painted himself into a corner by over-easing last fall? Do you have another view? The way I see it, the man is a hero to everyone that doesn't think we have a bubble and an idiot to everyone else. Wayne

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