CHAIRMAN TOM SEEN IN THIS RARE 1938 PHOTO. HIS KEY ADVISOR – SOME FELLOW NAMED JOSEPH STALIN – IS SEEN TO HIS RIGHT. (Daschle is MUCH older than he looks.)
Posted on 09/10/2001 10:01:02 AM PDT by tgiles
Tom Daschle proved that he knows nothing about economics last week! This is a magnificent opportunity to point out that the leading Democrat member of the U.S. Senate, who is ultimately in charge of Senate fiscal policy right now, doesn't know the first thing about our country's financial markets.
Take this opportunity to tweak Daschle by sending him a copy of BONDS FOR DUMMIES, and be sure to email me (svlogic@decentdesigns.com) and let me know you did. I will be making a list of all the people who have sent Daschle a copy of this book in case anyone ever needs to keep track. If someone can get on Limbaugh or any other talk show, I suggest that you have them push the same idea.
Our country needs to know that the head of the U.S. Senate is a financial disaster waiting to happen. Can you imagine if Tom Daschle ran the country based on his erroneous understanding of fiscal policy? And he calls G.W. Bush a dummy...
DASCHLE ON BONDS AND THE ECONOMY
“The reason why the economy is continuing to sour,” Daschle said, is that long-term interest rates have been driven higher by bond investors spooked by the prospect of a return to “the deep deficits that we experienced in the late ’80s and ’90s.” While short-term interest rates are controlled by the Federal Reserve Board, long-term rates depend on bond investors’ judgments about the future performance of the economy. “As long as those long-term interest rates stay high, we have very little chance of bringing about the kind of economic recovery we want,” Daschle said Friday. But Daschle erred in his description of interest rates: long-term rates are lower, not higher, than they were at the beginning of this year and they are far lower than they were in early 2000.
Regards, Jen.
It is a Monday isn't it. :o)
CHAIRMAN TOM SEEN IN THIS RARE 1938 PHOTO. HIS KEY ADVISOR – SOME FELLOW NAMED JOSEPH STALIN – IS SEEN TO HIS RIGHT. (Daschle is MUCH older than he looks.)
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