Alan Greenspan
Federal Open Market Committee, 21 August 1990
According to the National Bureau of Economic Research we entered a two
recession in July, 1990.
http://www.nber.org/cycles/cyclesmain.html
704set
Bush's policies induced a recession almost immediately upon his taking
office.
But there has been a huge amount of stimulus (e.g. huge increases in the
national debt and artificially low interest rates) applied to make it
look like we've been in prosperous times.
As the wag once said, "Give me a few trillion dollars to blow through
and I can make times look pretty good, too."
> Alan Greenspan
> Federal Open Market Committee, 21 August 1990
>
> According to the National Bureau of Economic Research we entered a two
> recession in July, 1990.
>
> http://www.nber.org/cycles/cyclesmain.html
>
> 704set
>
>
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704set
"CJT" <abuj...@prodigy.net> wrote in message
news:46DE1B46...@prodigy.net...
The economy and the market started its decline before Bush was even in
office.
704set
"Lawyerkill" <Lawye...@aol.com> wrote in message
news:1188989860.0...@50g2000hsm.googlegroups.com...
A Liberal is "just a Communist in a Free Country" !
> The economy slows down first, then goes into a recession. Please explain
> specific policies pushed by Bush between 1/20/01 and 3/1/01 that caused the
> economy to slow down and eventually go into a recession?
>
> 704set
For instance ...
He bad-mouthed the economy during his campaign in an attempt to score
political points.
Once in office, he stopped pursuing terrorists.
And he put idiot after idiot in positions of power.
>The economy and the market started its decline before Bush was even in
>office.
My late father said whoever got elected in 2000 would be blamed for
the state of the economy. He was already aware it was going down.
Another late family friend blamed Montgomery Wards shutting down on
Bush'e election... forgetting that the man hadn't taken office yet.
Now that I think about it, maybe Bush did them in as Governor of
Texas.
And slimy fascists like "Comics" will keep tossing out the same lies
over and over on the premise that if he does it enough times someone
will eventually be conned into believing them (like the one that
fascists
such as himself are the True American Patriots).
In March of 2000? Yeah you have a case.
We are not talking about the market, but the economy. It went into a
recession in March, 2001. What exactly did Bush do in 6 weeks that made the
economy hit a brick wall?
And you are right. The market does discount bad news. The market turned
down in 2000, possibly anticipating a recession in 2001. Clinton was in
office in 2000. So the groundwork was laid a year before Bush came to
office.
704set
704set
"CJT" <abuj...@prodigy.net> wrote in message
news:46DF5B20...@prodigy.net...
Al Qaeda caused the recession!!!
THOSE BASTARDS!!!!!!!!!!!!!!!!!!!!!!!!!
704set
the only candidate rep. or demon. that makes any sense to me is ron
paul.
who gives a shit what happens in iraq if we leave.
bush could be the worst peresident this country ever had. maybe carter
was worse
I like Dennis Kucinich or even Biden
Clinton's gag of swiping all the "Ws'" off the computers caused 911?
How about Bush's month off in Crawford, Texas to study up on: "My Pet
Goat" ?¿?
>also, other smallr things wee
>done to slow up the bush administration, like removing
>certain letters-keys from the typing machines
I thought it was funny that they removed all the "W" keys.
Oh yes, the Bush administration has been the most inept,
malfunctioning
administration in the past 150 years because Clinton's staffers
purportedly
stole the "w" key off *typewriters*, viruses were put in the
electrical
system, and various and sundry other fantasies spawned by our
"neocons"
who, taking their cues from their political soulmate Josef Goebbels,
believe
in repeating the same lies so many times that eventually they gain
some
traction (and the more the administration's ineptness becomes clear,
the
more fantastic the stories grow).
Oh yeah, Bush was so paralyzed by these totally debilitating attacks
on
equipment that it took him 2 months to get up and running....imagine
a
business trying to get away with a line like that! The reality is
that 95% of
these events never happened and if they had, any competent office
manager,
with a competent executive over him, would have been back up and
running
in less than a week.
absolutely
but there's been little competence in the Bush administration -- many of
them have diploma-mill degrees, if anything, and Bush himself ran every
business he touched into the ground (the one "success" the neocons point
to was an example of profitably bilking the public)