| Topic: |
Politics > Politics-USA |
| User: |
"Harry Hope" |
| Date: |
03 May 2004 11:53:33 AM |
| Object: |
Signs suggest improper influence of Bush on Fed, expert says |
From The Post and Courier, 5/3/04:
http://www.charleston.net/stories/050304/bus_03finance.shtml
Signs suggest improper influence of Bush on Fed, expert says
University lecturer finds dramatic increase in meetings between
president, Greenspan
FINANCE
BY FRANK NORRIS
Of The Post and Courier Staff
There is a growing danger that financial markets could perceive the
Bush administration as unduly influencing the direction of federal
monetary policy.
So says Kenneth Thomas, a lecturer in finance at the University of
Pennsylvania's Wharton School of Business.
According to Thomas, there's been a dramatic increase in the number of
meetings between Federal Reserve Chairman Alan Greenspan and White
House staff since President Bush took office in January 2001.
Thomas based his conclusions on Freedom of Information Act requests
for Fed data over the past six years, tracking the number of meetings
between Greenspan and White House staff during that period.
He found that from 2001-03, Bush's first three years in office, there
was a 67 percent jump in the number of Greenspan-White House meetings
compared with the three years from 1996-98.
The FOIA queries showed Greenspan had 55 White House meetings in 2002
and 68 in 2003, up from about 12 per year between 1996 and 2000.
The increase in meeting dates coincides not only with Bush's entry
into the White House but also with Greenspan's aggressive interest
rate-cutting campaign and his apparent "flip-flop in favor of the Bush
tax cuts," Thomas said.
"I am especially concerned with the pickup in both the quantity and
the quality of these White House meetings," Thomas said.
"The Fed is supposed to be extremely independent, and this gives the
perception that Greenspan may be following political winds and not
just economic ones.
______________________________________________
Bush's lack of ethics knows no bounds.
Harry
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| User: "Bert Hyman" |
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| Title: Re: Signs suggest improper influence of Bush on Fed, expert says |
03 May 2004 12:00:00 PM |
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(Harry Hope) wrote in
news:98uc90lgmsi77bbld16bi6sf2ngacg6oa2@4ax.com:
Signs suggest improper influence of Bush on Fed, expert says
University lecturer finds dramatic increase in meetings between
president, Greenspan
Perhaps the influence is Greenspan on Bush, especially if Bush is as
weak-minded as his opponents try to make him.
--
Bert Hyman | St. Paul, MN |
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| User: "Umayyad" |
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| Title: Re: Signs suggest improper influence of Bush on Fed, expert says |
03 May 2004 02:09:38 PM |
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Bert Hyman wrote:
rivrvu@ix.netcom.com (Harry Hope) wrote in
news:98uc90lgmsi77bbld16bi6sf2ngacg6oa2@4ax.com:
Signs suggest improper influence of Bush on Fed, expert says
University lecturer finds dramatic increase in meetings between
president, Greenspan
Perhaps the influence is Greenspan on Bush, especially if Bush is as
weak-minded as his opponents try to make him.
That would require Bush and Greenspan to meet one on one!
Presumably Cheney is there to hold one of Shrub's branches! ;-)
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| User: "Bert Hyman" |
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| Title: Re: Signs suggest improper influence of Bush on Fed, expert says |
03 May 2004 02:19:16 PM |
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(Umayyad) wrote in
news:409698d6$0$5075$afc38c87@news.easynet.fr:
Bert Hyman wrote:
rivrvu@ix.netcom.com (Harry Hope) wrote in
news:98uc90lgmsi77bbld16bi6sf2ngacg6oa2@4ax.com:
Signs suggest improper influence of Bush on Fed, expert says
University lecturer finds dramatic increase in meetings between
president, Greenspan
Perhaps the influence is Greenspan on Bush, especially if Bush is
as weak-minded as his opponents try to make him.
That would require Bush and Greenspan to meet one on one!
Presumably Cheney is there to hold one of Shrub's branches! ;-)
Presumably?
Why don't you look into it and report back with your findings?
--
Bert Hyman | St. Paul, MN |
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| User: "Umayyad" |
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| Title: Re: Signs suggest improper influence of Bush on Fed, expert says |
03 May 2004 02:53:23 PM |
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Bert Hyman wrote:
Umayyad11@Iraqmail.com (Umayyad) wrote in
That would require Bush and Greenspan to meet one on one!
Presumably Cheney is there to hold one of Shrub's branches! ;-)
Presumably?
Why don't you look into it and report back with your findings?
Bush, Greenspan and I aren't talking much these days.
But as soon as we make up (they're coming over to the house next week
for cocktails. Shrub is bringing the blow), and they tell me what's what
with the meetings, I'll call you up and let you know.
Deal?
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