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

To: Neocon who wrote (130068)	3/2/2001 2:38:42 PM
From: Nadine Carroll	Read Replies (3) \| Respond to of 769667

There are definite limits to how much control any President has over the economy. Greenspan has more control than the President. I do think Clinton deserves some credit for reimposing some fiscal discipline over the Federal budget. One reason interest rates were able to drop is that the Federal Government was no longer chewing up so much of credit market. Clinton also based his original budget numbers on plausible projections, replacing the smoke and mirrors of the Bush I years. On the blame side, faking both GDP and inflation numbers with "hedonic chained dollars" is pretty bad. Also pretending that the Social Security trust fund is part of general revenue.