"wf3h" wrote in message
...
On Sep 14, 2:56 pm, "Eisboch" wrote:

Actually a lot of our problems are because Chairman Greenspan of the Fed
screwed the pooch. Maybe 20 years ago, he was good but the last 10 or so of
his reign was a disaster. Lets the Dot.bomb debacle get going, and then in
the final year of Clinton's term to stop an economic complete meltdown from
the dot.bomb disaster, freed up way too much easy money, with few controls
giving us the subprime mortgage disaster. Did not matter who was POTUS with
the Fed's money actions, we were going to be Boom and Bust. While at the
same time, Congress, Dem and Repub controlled have overspent. Baseline
budgeting with a built in 13% growth factor is criminal. If you cut a
budget 8% the program still gets 5% more money. You budget like that in
your life? Only thing that gave the Clinton years a semi balanced budget,
was a huge influx of money from the taxes on options. The Fed's could not
raise spending fast enough to use it all. Calif, raised spending as fast as
it came in and set it so the spending was required at that level. I.D. Ten
error. (ID 10 T) The next President we elect should be for cutting excess
spending, and cutting size of government. And Obama is for making the the
Government even more of a caretaker of the people. Socialism by definition.