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bucolic_frolic

(51,739 posts)
2. The only serious effort to reform government
Mon Jul 28, 2025, 09:02 AM
Jul 28

was Al Gore's initiative as VP. The Clinton Administration was hamstrung by Newt's Contract on America.

Perhaps the biggest sandbagging was the Fed's loose money - in the 1970s Arthur Burns and Greenspan in the 1990s. Loose money - low interest rates that favored growth not jobs - led to the Dot Com Bubble and the Housing Crash. It's been nothing but loose money ever since. STIM was a giveaway. Now we don't rely on low interest rates for growth, we give tax breaks for jobs to the wealthy. So much growth so much inflation, so many jobs, such precarious family finances. Something's amiss.

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