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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (97416)	8/30/2002 11:04:42 AM
From: Knighty Tin	Respond to of 132070

Cynic, it is like rancher saying he is not reponsible for how heavy the bull gets just because he overfeeds it. If he hadn't overfed it, it would have gotten real heavy anyway because tourists are always feeding bulls. <g>

To: Cynic 2005 who wrote (97416)	8/30/2002 12:28:03 PM
From: Wildstar	Read Replies (2) \| Respond to of 132070

So he finally acknowledges that there was a bubble?

To: Cynic 2005 who wrote (97416)	9/4/2002 9:13:59 AM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

>"The notion that a well-timed incremental tightening could have been calibrated to prevent the late 1990s bubble is almost surely an illusion," Greenspan said.< He certainly had a lot of success with well timed interest rate cuts when the intention was to bail his friends out just prior to options expiration. He knew it was a bubble all along. He could have done something about it. He chose not to because he was under pressure from Washington, Wall St. and Main Street not to. Clinton wanted credit for a booming economy that has since collapsed from its own excesses. Wall St wasn't done raping and pillaging the public yet. Main Street is just dumb.