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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: rich4eagle who wrote (129145)	2/25/2001 10:12:08 PM
From: SecularBull	Respond to of 769667

Low interest rates and increased money supply in late 1999 caused the bubble, which precipitated the need to increase rates (coupled with other inflationary pressures), which then popped the bubble and squeezed liquidity while inflationary pressures remained high, and which finally has put our economy on the edge of a recession. Great economic policy Al and Bill... LoF PS Oh, and throw in a confiscatory tax code which punishes success to add insult to injury...

To: rich4eagle who wrote (129145)	2/26/2001 12:09:22 AM
From: Lazarus_Long	Read Replies (1) \| Respond to of 769667

I pretty much agree, particularly with your last sentence. The timing of a cut may turn out not to be bad that bad. What we have now is not negative growth but slowing growth. We also have increasing unemployment, but the rates are still pretty low- -not recession levels. So a cut later this year or early next might not be bad timing. And as LoF points out in his response, AG continued to pour gasoline on the fire after he already knew there was a problem. Amazing. I watch money supply and saw that and couldn't believe it.