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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus_Long who wrote (1046)	12/31/2000 9:59:13 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 93284

I also agree with your estimate of the current situation: so what happens is: 0. The dependent press badmouths the economy for months (I overlooked this fact. With the economy still growing at a rate Europeans would be proud of, all talk about doom..., because they are advised to do so) 1. There is really some doom, as best seen in the stock market and by some poster BK cases and GWB has an argument to lower taxes as we are in a recession now. 2. Don't overlook that the OPEC meets in my hometown early February and will administer another oil squeeze. They find that the oil price need to be sustained and output is actually too high. The hikes in output are all reversed thanks to the preceding $10 oil price slump. 3a. AG comes out and points to inflationary pressures, especially when employment is still strong. Tax cuts have occurred and he finds that the easing bias is no longer necessary... 3b. AG dies and the next Fed governor's first action is to ease rates dramatically (some elections are in sight). The stock market bolts, the $ falters and the US is running into a stagflation. 4. -6. Interest rates (on the long side) jump on persisting inflation and weak $. Unemployment finally begins to rise, and the economy drops into its first recession for years. The Fed governor lowers rates by 1.5 points but the economy doesn't pick up steam. As a result, the US Federal budged is passive for the first time in 15 years. 7. GWB will not be impeached because 4 years have passed. Rather he will not be reelected.