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To: zonder who wrote (289000)6/15/2004 9:19:25 AM
From: Tom Smith  Read Replies (1) | Respond to of 436258
 
What kind of unholy interest rate pact did Dubya and Greenie consumate before Greenie got the nod for another tour as "The Chairman"? Big money bond holders want aggressive action and a real rate near neutral policy while re-election conscious George wanted no interest rate action but I suspect ok'd hard rhetoric only from the Fed..... Could this explain the recent hawkish stance by the fed circuit riders, in essence, suckering the bond markets in one last time? Could it also partially explain the swarming bipartisan criticism that Bush is getting now? Bond bees sense their honey is at risk.....

What ever the fed does this week, they're finished (sans rhetoric) for the rest of the election season. Dubya, the war president, will try to "wag the dog" with some crisis....but this time the dog may wag back. If any cabinet member breaks rank or resigns at this point, the crisis will be within the walls of the White House. We almost impeached a president over the denial of a blow job; initiation of impeachment proceedings against all these fellatios isn't farfetched. But be careful world, if challenged, Dubya will strike out vindictively and will go down swinging...from the bunker if necessary. Resignation is not an option.