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


To: TigerPaw who wrote (343533)1/15/2003 4:45:51 PM
From: Baldur Fjvlnisson  Respond to of 769670
 
Of course Fed officials and government luminaries

HAVE BEEN ON THEIR KNEES ALL THROGH BUSH'S PRESIDENCY

begging Americans to go deeper into debt AND NOT TO

SAVE. This relentless campaign was especially over

powering in 2001.

As a result Twelve months from March 2001 to 2002

households and business added a whopping $1.9 Trillion in

debt. The whole mess is leveraged to the hilt and debt

ridden basket cases and others have swapped their long debt

into Greenspan's artificial interest rates. Who the heck

lends Uncle Sam money for 10 years at 4%?



To: TigerPaw who wrote (343533)1/15/2003 4:52:40 PM
From: Neocon  Read Replies (2) | Respond to of 769670
 
That is equally ridiculous. Nothing was destroyed. Not only was it a shallow recession, but it is likely that, without 9-11, we would have experienced robust recovery by now.....



To: TigerPaw who wrote (343533)1/16/2003 1:10:44 AM
From: DavesM  Respond to of 769670
 
Got news for you, not only was the stock market in decline, but so was the economy. It was reported earlier (on this thread), that factory jobs have been in decline for the past 29 months (as of December). Now factory jobs would be cut back for only one reason, declining orders. Meaning declining industrial output.

re:"You shouldn't confuse the stock market with the economy"