Bush basher boshing on the economy

2007-02-01T14:58:00.000-08:00

This article in Investor's Business Daily talks about the realities of the current booming economy that we have been in for the last year or so, and points out that the Media is doing everything in it's power to look the other way.

I always shake my head when I hear someone comment on how when Clinton was president the economy was golden and there were surpluses everywhere, and then Bush blew it. "Vote for Hillary to get it back again." Yeah right. Well, Hillary may get elected, but let's keep the facts straight.

Clinton oversaw the largest bubble economy the world has seen. The boom was fueled by hot air propping up internet stocks, moving people to lay caution to the wind. The resulting flood of investment powered the stock market to the stratosphere, only to fall back to reality when the house of cards fell apart. In the article, it states that investors lost $7 trillion in the ensuing correction. I'm not sure where they got that number, but it wouldn't surprise me.

(Thanks to www.realclearpolitics.com for the link)

Float the Fed Rate

2007-02-01T13:55:00.000-08:00

This is a very interesting read about Laffer curve economics, and how floating the fed rate and instead concetrating on monetary stability is a good idea. Regardeless, it appears that the new fed chairman, Ben Bernanke, is doing just that.

armChair Analyst

Bush basher boshing on the economy

Float the Fed Rate