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


To: Lazarus_Long who wrote (1681)2/7/2001 1:11:26 AM
From: TimbaBear  Read Replies (1) | Respond to of 93284
 
1. Do you know AG (uh, do you know who that is?) started raising interest rates well before the election?
2. Do you know there were multiple increases?
3. Do you know what that does to the economy? (AG does; that's why he did it.)


So, now that AG has lowered rates a full percentage point(over half of the total amount of the previous increases) in two moves in one months time, is there any point at which you will concede the possibility that the market sluggishness can longer be attributed to Clinton? I mean, if one assumes that the rate cuts take 6 to 9 months to filter through to the economy, if the market still doesn't recover, then might you consider it really is properly discounting the Bush and Republican fiscal irresponsibilty?

Or will you, at that point, figure out some other clever way to have Dubya and crew dodge the rap?

The rate hikes you referred to were largely ignored by the market. Some other factor entered the picture to help make it real. That factor was the sudden loss of consumer confidence. People are not optimistic about the future at this point in time....ever wonder why?



To: Lazarus_Long who wrote (1681)2/7/2001 9:28:44 AM
From: TigerPaw  Read Replies (1) | Respond to of 93284
 
AG does
AG has guided the economy well.

1) The soft landing fell off a cliff in November.
2) The election was stolen in November, Uncertainty!
3) Consumer confidence, the engine of the economy, collapsed.