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To: Eric who wrote (55913)10/11/2001 6:00:54 PM
From: RetiredNow  Read Replies (1) | Respond to of 77400
 
Hey Eric, they only collaborated this quickly because of the WTC disaster. Otherwise, they'd still be bickering over what method works best. Instead, Bush got 80% approval ratings and the Democrats figured they'd better go with the flow for awhile, so as not to look unpatriotic. I know I'm being cynical here, but I'm hitting the mark pretty precisely when I say these things. Either way, I'm happy for the short term, but am reserved about the long term effect of this money printing, low rates, and deficit spending. I imagine that we are simply deferring the real hangover until later. But this round of relief efforts will gain us at least 2-3 years of upswing. I'll use that time to get a little more defensive in case inflation rears it's ugly head in 2005 or 2006.



To: Eric who wrote (55913)10/11/2001 9:52:50 PM
From: GVTucker  Read Replies (1) | Respond to of 77400
 
Eric, RE: Congress doesn't want things to go bad!


Of course they don't.

Then again, Congress has never WANTED things to go bad. That doesn't prevent it.

It is a myth that the government can prevent a recession. No government wants a recession, because that is the easiest way to get voted out of office. It still doesn't prevent recessions from happening. It won't prevent this one, either.