Reply #56: It's pretty common fiscal policy... [View All]

[John BigBootay]

to attempt to put the brakes onto an economy that is growing too fast. Greenspan spoke of "irrational exuberance" back in the late 90's boom. Do you now doubt the wisdom of those words?

He was right.

His effort to attempt to cool the wildly over-inflated market by raising interest rates, thereby bringing money out of the market and into safer investments like bonds, real estate, cash, gold, whatever, might have actually saved Americans billions and billions of dollars that otherwise would have been lost in the crash.

But all you see is a typical repuke strategy to try to make Clinton look bad before the election. I prefer to look at the results rather than the motives.