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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (87216)	12/19/2000 5:07:01 PM
From: Dave	Respond to of 132070

Most important is the 1990s witness the greatest private ( business & consumers)debt excesses the world has ever known. Yes, we can thank Alan Greenspan for fomenting that credit bubble through his easy money policy. Lowering interest rates fifteen minutes before options expiration to bail out LTCM was probably the single most egregiously irresponsible overstep of charter in Federal Reserve history. Yes Virginia, there will be tough love! Well said. Unfortunately, I expect it may come in spite of, rather than from, the Fed. So much the worse for us. Dave

To: Mike M2 who wrote (87216)	12/19/2000 9:42:20 PM
From: BSGrinder	Read Replies (2) \| Respond to of 132070

Mike, Interesting fact about the Reagan budgets: All 8 that were submitted by the Reagan administration proposed a higher deficit than the budget that was ultimately passed by the Democratic congress. I think you should consider toning down your pro-Republican partisanship a little, as there is plenty of blame, hypocrisy, and incompetence to go around for both parties. Despite your denouncing Democrats as a bunch of socialists, they are bought and paid for by the same bunch of Wall Street crooks that bankroll the Republicans. The Dems happily sell out the working class just as fast as the Republicans sell out their free market principles when those principles interfere with "big bidness" making obscene amounts of money. Merry Christmas, /Kit