Word: alling
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Dates: during 2000-2000
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Before the New Economy showed up, 2.2 percent growth wasn't shabby at all; now it's dire news. The Tech Decade didn't just produce Greenspan's "irrational exuberance," it produced his "wealth effect," in which fat portfolios make for long shopping lists. Consumer spending kept us afloat while...
It's also a good time to be an old-economy guy. As the newfangled tech folk wallow in the remnants of their self-inflated bubble, Bush the oilman is primed to talk about old-fashioned Republican virtues like reduced government regulation, cheaper energy, smaller government and increased privatization - and...
Anything recession-esque that happens this spring will be Bush's mandate to loosen things up a little. Any complaints Bush had about the Clinton years look practically prescient now, and unlike Gore he'll be free to find further fault if he needs excuses. And he won't get...
The careers of Bush's chosen treasury secretary and vice-president and his inherited Fed chairman all date back to the Ford years. For a new millennium in which the U.S. economy must learn to play without its superstar of the past eight years, some knowledge of the old problems...
Unless Greenspan really has lost his touch, in which case we're all screwed.