If you like it when economists grandstand about the economy as if they were actually controlling it, then I have the perfect story for you.
Lakshman Achuthan just came down from the mountain with a simple message: this recession is worse than it should have been because The FED and Congress acted too slowly to lower interest rates and provide the stimulus package.
That wouldn’t have anything to do with the fact that the Bush Administration still denies to this day that a recession could happen, would it? No, they would never put America in harms way just to avoid admitting that something bad might have happened on their watch.
Remember, their top people graduated from Bob Jones University. They’re experts.
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