Economy and that scary "R" word

[FRPLG]

Originally Posted by dmek25

this president has done everything he could to weaken the American dollar. cutting the rate is another way. that's just trying to insert a quick stop gap on the economy. we need more jobs on American soil. NAFTA should be dropped into the nearest trash can. worse piece of legislation ever passed. more jobs = more spending. in turn strengthens the economy

I wont quibble about NAFTA but this is a prime example of piling on Bush. Bush has nothing, NOTHING, to do with the Federal Reserve and it's policies. The rate cuts are their discretion and frankly the decision makers in the Fed are probably more qualified to make those decisions than any economic advisor any president has had in decades. Bush gives us plenty to get mad about but why do people have to attribute everything to him?

[dmek25]

Originally Posted by FRPLG

I wont quibble about NAFTA but this is a prime example of piling on Bush. Bush has nothing, NOTHING, to do with the Federal Reserve and it's policies. The rate cuts are their discretion and frankly the decision makers in the Fed are probably more qualified to make those decisions than any economic advisor any president has had in decades. Bush gives us plenty to get mad about but why do people have to attribute everything to him?

wasn't he appointed by the president? and isn't there any meetings or consulting done with the president over the economy? i know that any administration that has any economic issues always went straight to Greenspan. why the difference now? you should know that any CEO is only as good as the people he surrounds himself with

[FRPLG]

Originally Posted by dmek25

wasn't he appointed by the president? and isn't there any meetings or consulting done with the president over the economy? i know that any administration that has any economic issues always went straight to Greenspan. why the difference now? you should know that any CEO is only as good as the people he surrounds himself with

Yeah I guess you're right. It's all Bush's fault.

[mheisig]

Originally Posted by FRPLG

I wont quibble about NAFTA but this is a prime example of piling on Bush. Bush has nothing, NOTHING, to do with the Federal Reserve and it's policies. The rate cuts are their discretion and frankly the decision makers in the Fed are probably more qualified to make those decisions than any economic advisor any president has had in decades. Bush gives us plenty to get mad about but why do people have to attribute everything to him?

One of the fundamental characteristics of irrational hatred. "Person X did y wrong, therefore everything done thereafter is wrong."

Hey, I think Bill Clinton was the sorriest excuse for a president to ever walk this earth, but I wouldn't argue that every last decision he made in office was wrong.

Unfortunately things in politics get so polarized that people lose their ability to consider each issue rationally, one by one.