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

To: DavesM who wrote (282516)	8/1/2002 12:29:08 AM
From: DMaA	Read Replies (1) \| Respond to of 769670

Not that a double dip would indicate an economic failure on the Administration's part. MOST recessions feature double dips.

To: DavesM who wrote (282516)	8/1/2002 1:22:42 AM
From: rich4eagle	Read Replies (1) \| Respond to of 769670

The recession was a recession of 2001 not 2000. The problem with the tax cut was that too little went to the average guy thus it didn't really create growth. Besides the fat cats pocketed all their tax cuts benes and made no capital investments still to this day, and we will not recover until there is capital investment. And no company is going to make capital investment as long as the Admin keeps pounding the war drum daily spiced with terrorist alerts

To: DavesM who wrote (282516)	8/1/2002 5:04:48 AM
From: Baldur Fjvlnisson	Respond to of 769670

The recession in 2001 was mild for simple reasons. Politicians and Greenspan's stooges plus their Wall St. masters were in an especially fierce ANTI RECESSION CAMPAIGN. Maybe you remember the yapping of Sideshow Bob McTeer, an amazing idiot. And other leading lights. Well, the job of recessions is to purge out imbalances, excess, overcapacity and other junk from the preceding boom. Overstretched balance sheets get repaired. Hopeless businesses get thrown in the dustbin. This is all very healthy in the long term. But the corporate/bank assets Americans think they vote into power wouldn't have it. They don't want any healing process for the economy. They just want to lie, lie, lie as long as possible to stay in power. Now this mess is slipping back into recession and I doubt it'll be very nice. In fact I don't think Americans will very much like slipping in and out of recession for the next decade. Load up on bullets and hanging rope.