siceone Posted April 3 Report Share Posted April 3 For the fall of the markets? go Quote Link to comment Share on other sites More sharing options...
vicman Posted April 3 Report Share Posted April 3 george washington? Quote Link to comment Share on other sites More sharing options...
georgym Posted April 3 Report Share Posted April 3 I don't think he was directly responsible for the downturn of the markets, since they somewhat act on their own accord. It was only natural for the market to take a downturn, for due to inflated values, and burst it's bubble.How ever, GW's tax issues are another story Quote Link to comment Share on other sites More sharing options...
tripinchick Posted April 3 Report Share Posted April 3 Originally posted by vicman george washington? Quote Link to comment Share on other sites More sharing options...
mr mahs Posted April 3 Report Share Posted April 3 Originally posted by siceone For the fall of the markets? go He wasn't responsible it fell on his lap. GW walked into the end of a record expansion cycle generated from inflated stock valuation of internet and technology stocks. The wealth factor that was created from skyrocketed stock prices pumped up the GDP to over 6% in 2000 so Greenspan and company afraid of inflation decided to raise rates to slow it down...When capitol investments the lagging contributer to the GDP returns things will be rosie again. This will happen post Operation Iraqi freedom and excess technology left over from the 90's is depleted. Quote Link to comment Share on other sites More sharing options...
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