The rising deficit. Looking and linking.
Readers respond to two articles on the economic downturn.
Monetary changes, like lowering interest rates, are out of his control. In short, the current market upset should not be attributed to Bush, but rather to Alan Greenspan, who raised interest rates way too much last year. Greenspan failed to see the credit crunch last time a Bush was in office, and he has done it again. The real reason the Democrats oppose a tax cut is that they want a recession. A recession will be a political disaster for Bush and will ensure Democratic victories in the next elections.