Quote:
Originally posted by Jesse_DD@May 7 2004, 10:43 AM
The bottom line is the bubble burst that happened in early 2000 was going to happen no matter who took the office. And Sept 2001 was going to happen no matter who took office. Despite this, Bush has really done a great job with the economy (keeping the dollar low, interests rates low, etc. see the positive effects now). That doesn't mean I am going to vote for his Pro-Religious ass. But, nonetheless, good job on the economy given the circumstances.
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Jesse: 9/11? who knows? With Gore in, would it have happened? Happened the same way? You don't know that.
Taking interest rates to pretty much a record low (1%?) has certain effects on the economy, but as has been seen in japan, low interest rates alone will not save an economy for long. When you go to that well to often, it runs dry (at 1%, there isn't much lower to go before you put banks into trouble!).
It will be interesting to see the results when interest rates rise back up to a more normal 4 or 5 %...
yes, under the circumstances, and given the short term nature of political decisions, Bush has dne okay. My question is how many of those circumstances did he create himself?
Alex