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

To: Neocon who wrote (142121)	5/3/2001 1:34:27 PM
From: Scumbria	Read Replies (1) \| Respond to of 769667

Neo, Greenspan raised interest rates about a dozen times under Clinton to slow the economy down. Think about it. Scumbria

To: Neocon who wrote (142121)	5/3/2001 2:48:10 PM
From: dale_laroy	Read Replies (3) \| Respond to of 769667

"The growth rate under Clinton has been 2.7 percent, half a percent below the 3.2 percent growth rate under Reagan and a full percentage point below the 3.8 percent growth rate during the 1983-89 expansion. (As of '95)" Question. Why is it Greenspan felt compelled to raise interest rates during the Clinton administration for a growth rate that was below what the Reagan years would indicate were sustainable? Perhaps you received the same flyer in the mail that I did promoting a publication proclaiming that they knew what was coming and I should subscribe to know how to profit from it. They were basically promoting a conspiracy theory, claiming that Greenspan was sabotaging the economy, and would do everything he could to sabotage the economy prior to the 2000 election in order to insure that the Republicans got in office. They were predicting this in January of last year.