I Thought Volker did a good job, then they put in Mr. Andrea Mitchell and things started to suck.
************************************************* Barack Obama is not My President http://www.cafepress.com/rightwingmike --- On Fri, 11/7/08, MB Software Solutions General Account <[EMAIL PROTECTED]> wrote: > From: MB Software Solutions General Account <[EMAIL PROTECTED]> > Subject: Re: [OT] Turncoat Rs gossip about Palin? Or "leaks" are invented > bymedia hacks? > To: "ProFox Email List" <[email protected]> > Date: Friday, November 7, 2008, 12:48 PM > Nicholas Geti wrote: > > Also Leland should be aware that Obama is thinking > about making Volker his > > Treasury Secretary. That guy is 80 yrs old. The > D's sure made a big stink > > about McCain who is 72. Obama is talking out of both > sides of his mouth. > > > Actually, he's 81: > > http://en.wikipedia.org/wiki/Paul_Volcker > > Paul Volcker, a Democrat[2], was appointed Chairman of the > Federal Reserve > in August 1979 by President Jimmy Carter and reappointed in > 1983 by > President Ronald Reagan.[3] Volcker's Fed is widely > credited with ending > the United States' stagflation crisis of the 1970s by > limiting the growth > of the money supply, abandoning the previous policy of > targeting interest > rates. Inflation, which peaked at 13.5% in 1981, was > successfully lowered > to 3.2% by 1983. [1] > > However, the change in policy contributed to the > significant recession the > U.S. economy experienced in the early 1980s, which included > the highest > unemployment levels since the Great Depression, and > Volcker's Fed also > elicited the strongest political attacks and most > wide-spread protests in > the history of the Federal Reserve (unlike any protests > experienced since > 1922), due to the effects of the high interest rates on the > construction > and farming sectors, culminating in indebted farmers > driving their > tractors onto C Street NW and blockading the Eccles > Building.[4] > > (see webpage for footnotes) > > > > _______________________________________________ > Post Messages to: [email protected] > Subscription Maintenance: > http://leafe.com/mailman/listinfo/profox > OT-free version of this list: > http://leafe.com/mailman/listinfo/profoxtech > Searchable Archive: http://leafe.com/archives/search/profox > This message: > http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] > ** All postings, unless explicitly stated otherwise, are > the opinions of the author, and do not constitute legal or > medical advice. This statement is added to the messages for > those lawyers who are too stupid to see the obvious. _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
