posterchild
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Registered: 04-2004
Posts: 23
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White House Hi-jacks economy for re-election
In recent discussion with Federal Reserve Chairman Alan Greenspan, President Bush implored him to hold off raising interest rates until after the election.
Greenspan has been concerned that a pickup in economic indicators (consumer spending, etc.) would touch off inflation woes. After 13 consecutive rate drops, the time to shift strategy might be near.
Greenspan's anti-inflation hawkishness runs at odds with Bush's re-election plans which Bush made known to him.
Put another way, Bush is willing to saddle consumers with inflation in order to ensure his re-election. This amounts to a tax-hike which would cost consumers billions.
Now, it is known that a Saudi Prince discussed manipulating OPEC oil production as a favor to Bush for removing Saddam from Iraq. The story from Bob Woodward's '60 Minutes' interview has OPEC oil production zooming upward in the months prior to the election to fuel the US economy and ensure a Bush election victory.
These are shameless, disgusting and incredulous violations of the public trust. Granted, there is no sexy scandal here, no randy escapades in the oval office, no tell-tale blue dress. JUST THE MANIPULATION OF TRILLIONS OF DOLLARS OF CONSUMER CAPITAL FOR PERSONAL GAIN! What will it take for voters to wake up?
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4/20/2004, 9:40 am
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