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Article #662

Re: President and the economy

#662
From: John Allred
Date: Tue, 13 Oct 1992 18:05
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In article <1992Oct12.224049.2439@u.washington.edu> monaghan@cac.washington.edu (Tracy Monaghan ) writes:
>As much as I enjoy watching Bush squirm during this recession, the fact is
>there is little a president can do about the economy (and even less with
>the massive deficits. The Federal Reserve control interests rates, and
>indirectly inflation.)

If Bush had not been a spineless wimp and used his much ballyhooed 
"veto pen" on the appropriation bills, he could have done something
about the deficit.  Unfortunately, he is in the same business as the
Congresscritters -- providing the phantom Free Lunch.

Bush is the country's Chief Executive; it is his job to make things
happen.  Excuses (i.e., Congress, Japan) don't cut it.  He had four
years to stop his whining, get off his butt, and get it done.  He
failed miserably.

Unfortunately, our alternate choices are equally weak.  Clinton is
going to tax (excuse me, "invest") us into oblivion, and Perot strikes
me as an authoritarian.  You can count me in the "None of the Above" category. 

-- 
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References: <1992Oct12.223009.1629@u.washington.edu> <1992Oct12.224049.2439@u.washington.edu>

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Newsgroups: pnw.general
Path: arc1-ca.pugleaf.net!sparky!uunet!spdg!jallred
From: jallred@spdg.com (John Allred)
Subject: Re: President and the economy
Message-ID: <Bw2nqn.9s9@spdg.com>
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Organization: Stratos Product Development Group (Seattle)
References: <1992Oct12.223009.1629@u.washington.edu> <1992Oct12.224049.2439@u.washington.edu>
Distribution: pnw
Date: Tue, 13 Oct 1992 18:05:19 GMT
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