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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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The mistake the Hoover Administration made in 1930 was to cut spending....the way out of a Depression is for the spending to remain the same while giving some tax relief to the people so they will spend...Third Interest rates must be lowered to help keep the economy liquid...
That was another proof of how serious this Recession was, that I forgot to mention why a fiscal conservative would spend like a drunk sailor on shore leave...the Interest rate havn't been this low in 40 some odd years...
So the Bush Administration did the RIGHT thing with it's fiscal policy...also being faced with a war doesn't help matters...
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"Some Observer"
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