[GregoryFul]

I would attribute much of the growth in the economy over the past few years to the effect of extremely low interest rates. The stimulus from the housing boom and the home owners' equity spending was enormous. We are now on the down slope of this effect - and there will be hell to pay!

[ProtectOurFreedom]

Agreed about cheap interest rates. But rates are a function of the availability of investment capital. Larger supply of capital drives rates down. Capital was freed up via lower tax rates.