[boris]

If this continues it will doom Bush.

The economy trumps everything. Alan Greenspan was personally responsible for keeping Clinton in office. Now he has turned the interest rate knob to nearly 'zero' and has no more "control authority". Something better change fast or Bush is gonna be a one-term pres.

--Boris

[A CA Guy]

Maybe, but this is not Bush's fault and is a simple correction.
Expect the simple correction to go as low as at least 7200 but as far as 6000.

All I can say is that this is the result of everything going high over the optimism of the internet.

[sarcasm]

At the rate Bush is going, he'll probably propose the creation of a new WPA.

[Moonman62]

If this continues it will doom Bush. The economy trumps everything.

His only hope is to keep us in a shooting war. There's no way he'll change his failed economic policies. He thinks he and Larry Lindsey are right, and everybody in the market is wrong. I think he'll give a speech in the next few months telling us it is our patriotic duty to accept a lower standard of living.

[IncPen]

If this continues it will doom Bush. The economy trumps everything. Alan Greenspan was personally responsible for keeping Clinton in office. Now he has turned the interest rate knob to nearly 'zero' and has no more "control authority". Something better change fast or Bush is gonna be a one-term pres.

I agree with you, but I believe there is a distinction worth making. It's not 'the economy'. It's 'the uncertainty' that's driving the market down.

If Bush does not deal decisivly with terrorism, and the fear in this country, he is doomed. He set a high standard in the days following 9-11 and now it's time to pay the piper.

It's not a popular thing to say in some areas of this forum, but dealing with terrorism necessarily means taking out Saddam. Until we do, there will be uncertainty and fear.

The people who oppose this know it as well as I do, but they are afraid to say it out loud.

I'm not.