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

To: Lazarus_Long who wrote (287340)	8/15/2002 9:03:02 PM
From: gerard mangiardi	Respond to of 769670

Yes Ag screwed up when he raised rates at the same time oil prices were rising. It gave us a double whammy on our economy. His subsequent easing hasn't been able to offset W's ineptitude. Here is an example. The tax cuts were expected to be stimulative but haven't been. I think the main reason is that we are an open economy and the average family having a few hundred dollars more to spend would only stimulate if the money was to be spent on American goods. My guess is that most went to imported goods. Targeted tax cuts to specific industry or targeted spending would have been much more useful in my opinion. Think of who's sales have increased. Its the wall marts of the country and almost all their goods are imported from overseas.