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

To: Zoltan! who wrote (132617)3/21/2001 9:31:34 AM
From: Zoltan!  Respond to of 769670
 
>>Sure, Fed Chairman Alan Greenspan has been relatively cheerful lately - but no more so than last time around. Testifying before the Joint Economic Committee on Sept. 19, 1990, Greenspan said, "The probability of a recession developing in the next six months . . . has declined to about 20 percent." Oops.

It's instructive to point out that we were in recession at the time Greenspan made that statement about a prospective recession being improbable - so the statement was correct but for the wrong reason. The recession had begun months earlier.



To: Zoltan! who wrote (132617)3/21/2001 11:23:57 AM
From: Nadine Carroll  Read Replies (2) | Respond to of 769670
 
Yes, we are probably is a recession (since the official definition is two quarters of negative GDP growth, the official definition always lags).

Two questions for you: Who is in the White House? Who has majority control of Congress?

Gephardt and Daschle can now sit back and enjoy the fun part of being in opposition: they can snipe at the majority without needing to offer their own solutions.


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