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

To: ColtonGang who wrote (172473)	8/17/2001 8:18:45 PM
From: D.Austin	Respond to of 769670

hello out there--HEEEEEELLLLLLLLOOOOOOOOOOOOOOOOOO the world is in a downturn.Go to europe,,go to the u.k,hey i got it,try japan.they've been trying to dig themselves out of their mess(government intervention nontheless)for going on 15 freeeeekin years. believe it or not the US is still the most stable economy PERIOD

To: ColtonGang who wrote (172473)	8/17/2001 8:48:06 PM
From: CYBERKEN	Respond to of 769670

<<Why does the federal reserve wield so much power over our lives?>> Glad you asked! LBJ bought political capital by destroying the dollar. Carter enhanced the socialist disaster, creating gas lines and double-digit inflation. As a result, these inferior men LOST the American economy to the unelected clerks who are appointed to run the Fed. Some did good jobs, including Volcker, and Greenspan (for a while). But-as with any time power and liberty are forfeited-the corruption of complacency grows until the principle-in this case Greenspan-becomes both arrogant and a burden to the republic. Clinton didn't have the influence to make him retire in 1999, because all his influence and "achievements" were a myth of his own propaganda machine. Now we have a useless, washed-up unelected clerk running the central bank, and he can continue doing so as long as there are presidents who lack the clout to refuse to re-appoint him. Bush will no doubt make him retire in '03, but that's only a small solution. The Congress should impose a two-term limit on the job, and resolve to publicly debate the economy and monetary policy every time they need to confirm the next clerk. It is, after all, our country....