Metternich
Federalist Farmer
If the feds had not kept interest rates so low during the Bush presidency perhaps the fed could have an impact on this recession.
If the Bush economy was so great why was the interest rate kept so low?
Because maybe growing Government and spending more don't make for good long term effects on the economy. Just like under FRD and now under Obama.
Shit, Obama has a .25%, that's a *POINT* ---->.<----- 25% and during the GREAT DEPRESSION we had a around 2.5 to 3%...
Us federal reserve entire history rates image by bonddad on Photobucket
that was my point. Bush grew employment and the goverment thru massive spending. So when it fell apart there was no reserve to bump the economy back up.
If the economy was so good under bush why did they keep the interest rates so low?
The fact is the Bush economy was all bogus and only propped up by low rates and massive govt spending.
Do you understand how the Federal Reserve works? You seem to be under the impression that President Bush heads the originator of interest rates--i.e. the Fed. This is not true, it was under the auspices of Chairman Greenspan.