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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: hmaly who wrote (131788)	2/7/2001 12:25:01 AM
From: tejek	Read Replies (1) \| Respond to of 1571186

Ted Re...Why were interest rates at 13% then, and at 7% now?<<< Volker raised the interest rates to control inflation cause by opec boycott in 1972, which in turn resulted in increasing sales of Japanese cars, throwing our auto workers out of a job. Behind all that, the main reason for high interest rates was the huge deficits the gov't was running...they had to print $$$ to keep up and to take $$$ out of circulation to finance the debt. When you don't have deficit budget making, you have more $$$ at cheaper rates. One of the many benefits we derived in the Clinton years because he knew what he was doing and he knew who the PM of Canada was. Clinton was a Rhodes scholar and Bush is road runner...it makes all the difference in the world when running a country.;~)) Where do you think the term, bush league, comes from? ted