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Kent, interest rates are what controls the economies growth. Want to bolster the economy you lower rates, want to slow down economy you raise rates. These two actions will increase investment spending or lower it. Who do you think appoints the FOMC chairman? Who raises and lowers the rates? FOMC
Greenspan was a big catalyst in this downturn, but he wasn't the only one involved. Greenspan was in too big of a hurry to slow down this economy by raising rates in late 2000. This resulted in a massive decrease in investment spending. I like some of things BUSH has done, but all in all he is a dud just like all the other politicians in America.
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So you are saying that tax policy has nothing to do with economic growth? The fed does have lots of control, but tax policy also can play a role in sustained growth.
Edit: going to star wars, so can't respond.
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interest rates affect the AMOUNT OF MONEY IN CIRCULATION, so does the tax policies.
DFAR, i never called you an democrat. never. frankly it doesn't matter. you ask a question. you don't get the answer you like, so you resort to profanity. very mature.
as for me proving that bush is innocent...NEWSFLASH: this is the U.S. of A. where the premise (though unfortunately, not necessarily always the practice) is "innocent until proven guilty." the burden of proof is upon your shoulders, dude.
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I quoted what was said in all newspapers all news stations, it was printed in giant bold letters, theres my proof jackass
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so you're saying that because something was printed in the newspaper "in giant bold letters" that it's fact???????? are you that naive or just that stupid?
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I would rather have Clinton in office and be living in a great economy and equity market than have someone like Bush who rants around like a little indian on a war path. BTW, where is Osama Bin Laden? I thought Bush was going too get him? When will we ever get a good president with brains and morals?
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the economy started hitting the skids in early 2000 smarty-pants. long before bush had any way to affect the economy.
let me get this straight: you would rather have clinton (or gore) as prez as long as the economy was good, but you don't care diddly squat about foreign invaders killing innocent civilians and you actually think bush is wrong for retaliating against the guilty parties? is this what you're saying?
"btw, where is osama bin laden?" hellooooooo!!!!!! if it weren't for the assinine actions of your "great economic president", we'd have had his ass in the can already. clinton is the reason osama was free to continue attacks against america!
you think clinton had brains? morals? good god, this country is lost. i believe you guys now. would someone put me outta my misery. it's sickening to hear people praise such an obvious lying sack of shit who'd say anything or do anyone for his own personal or political agenda. yeah, that's someone i look up to. guess it just goes to show you the character of those who follow him.