Quote:
Originally posted by CraigA
I know the US economy misses him. It's in the toilet and about to be flushed by the policies of the moron we elected to be in charge.
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I'm interested in what you have to say and why you think that.
Why do you consider the US economy to be "in the toilet"? We are not in a recession. The real US GDP expanded 3% last year. The US Composite Index of leading economic indicators has been increasing. In December, 8 of the 10 indicators were up. What economic policy of Bush's are you even criticizing?
Could we be expanding faster than 3%? Yes, but Allen Greenspan has said on a number of occasions that his monetary policy is designed to ease the transition from the stock market bubble to historically normal price levels relative to earnings. He has also recently pointed out that the US economy has been amazingly resilient in posting a 3% gain last year despite a drop in stock prices, a decline in capital expenditures, fallout from 9/11, corporate scandals such as Enron, and worldwide political factors.