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To: dennisw
RE :”I despise Greenspan but I think part of the reason for low interest rates was to goose the economy to accommodate the Iraq war and the massive expansion of government spending fostered by Democrats and Republicans.

Thanks for thoughtful comment. It gave the illusion that the invasion +reconstruction were free, paid for by tax cuts (all that real economic growth) . This is still repeated on Rush, Hannity and Levin today . These guys have to know better.

Ironically Reagan/Carter/Volker made money sound again after 1970s disaster and Bush/Greenspan reversed this and now talk radio must ignore history to keep their narrative about Bush tax cuts.

57 posted on 05/18/2009 7:17:57 AM PDT by sickoflibs (Obama /Pelosi/Bush Theme : "A dollar borrowed or printed is a dollar earned!")
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To: sickoflibs

You need competent mental help. Stat.


58 posted on 05/18/2009 7:58:06 AM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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