Like a war, the economy won't be one or two or twenty well-aimed raids, but a strategically managed campaign with limited gains sought for each tactical mission, then assessment, then planning the next tactical mission with a view of how it fits into the strategy.
right after the dotcom bubble burst in 2000 we should have a recession. then came 9-11 attacks. Bush stood on the rubble and said we all need to go shopping. we need to show we are not week against bin laden. that was stupid and hubris. Greenspan slashed interest rate to 1%. that lead to more borrowing which lead to housing bubble burst. now we have credit crisis. bush tried to save wall street and print massive amount of money into the system.
Like a war, the economy won't be one or two or twenty well-aimed raids, but a strategically managed campaign with limited gains sought for each tactical mission, then assessment, then planning the next tactical mission with a view of how it fits into the strategy.
voyeurdug 3 years ago
obama's economic plan is too little too late.
right after the dotcom bubble burst in 2000 we should have a recession. then came 9-11 attacks. Bush stood on the rubble and said we all need to go shopping. we need to show we are not week against bin laden. that was stupid and hubris. Greenspan slashed interest rate to 1%. that lead to more borrowing which lead to housing bubble burst. now we have credit crisis. bush tried to save wall street and print massive amount of money into the system.
KhmerD0g 3 years ago