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

To: DavesM who wrote (671755)2/8/2005 11:06:48 PM
From: DuckTapeSunroof  Respond to of 769670
 
"During financial crashes, banks don't like to make speculative loans, and investors don't like to make speculative investments."

no kidding!

"The Federal Reserve easing interest rates do not automatically lead to mild, shallow recessions."

Never said they did, nor that the Fed was omnipotent.

I only said that the Fed's efforts were orders of magnitude greater then the fiscal changes, in their immediate impact, which I believe is demonstrably true.


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