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


To: CYBERKEN who wrote (188656)10/3/2001 1:42:06 PM
From: Zoltan!  Respond to of 769670
 
You're correct. Rubin and Greenspan are the emperors w/o clothes. The US bailed Rubin and Goldman out when we spent billions buying the Mexican bonds during that Clinton fiasco. Rubin had nothing to do with the continuing Reagan Boom, other than restraining Clinton's impulse to spend wildly - which the GOP Congress actually did. The economy was growing smartly for the 13 months before Clinton or Rubin had any say on anything. All they did was slow it down.

Again, the NYTimes was caught lying last week. FoxNews exposed them. Greenspan never opposed corporate tax cuts for the new package as the NYTimes distorted. And Greenspan is actually in favor of the elimination of capital gains taxes and corporate taxes as part of a reform of a tax structure that negatively impacts the US economy. The socialists that run and write for the NYTimes can't report that.

Kudlow is the man to listen to, he warned about Greenspan's rate hikes and the current Clinton recession well over a year ago. Greenspan has been behind the curve.

He was in 1990-91 too. Greenspan didn't see a recession until it was over.



To: CYBERKEN who wrote (188656)10/3/2001 8:51:08 PM
From: DavesM  Respond to of 769670
 
I disagree. I believe they both understand that deflation is a danger. This is why Greenspan did not oppose Bush's tax plan. After the passage of the tax bill, Greenspan continued to aggressively lower interest rates (declaring that as of no inflation was in site - though he continued to be on the lookout).