Yes, I was around for the Jimmuh peanut politics years and Billy Beer. My comment is based upon the token moves by W with the proposed BS tax rebates and the cut by the Feds.....however, that cut was needed for the overnight rate in the near term for the banks to not suffer any more huge losses.
It's still going to take time for the shakeout, a bear market 'easing' in, mortgage rates and credit card rates will hold steady, then the rates will go up hopefully soon to hold off the evil inflation thing to stop the slide on the US dollar.
Interesting. Most economists believe that Bush's idea is the best one for the situation, at least it's a SUPPLY SIDE solution. It was never meant to be a permanent fix, I don't know where you got that. It's just a temporary patch. The closer we get to the election and having all the tax breaks repealed by the Einsteins in congress, the more unstable to market will be.
If you really remember 21 percent interest rates and double digit unemployment, then you KNOW what you said about the present economic situation was pure hyperbole...to put it as kindly as possible.