Greenspan Wants Bush To Win in 2004, Here's The Proof

[Yavin4]

Go to this link: http://www.federalreserve.gov/fomc/fundsrate.htm

Scroll down the page until you get to a chart called: "Intended federal funds rate".


A lot of people defend Alan Greenspan, but there's no arguing facts. Just look at his interest rates policies since 1990. Through Bush I, Clinton, and Bush II, the only president where he constantly raised interest rates was Clinton. Take a look at 1994, a non-boom year, he raised rates six times, just in time for the 1996 election. He repeated this in 1999 and 2000.

Now, look at his interest rate policy under Bush II. For all of 2001, he cut interest rates at every Fed meeting to a historic low of 1.75, and what did he do in 2002 and 2003, he not only kept rates low, he cut them again.

Low interest policy is the sole reason why the Dow is back over 10,000 and why the economy "booming". Now, I ask the naysayers this question:

If Greenspan is not politicizing interest rate policy, how do you explain the need to keep rates at a 40-year low, even though the economy is booming and the job data is also improving? Also, how do you explain Greenspan raising rates in 1994, even though the economy was still struggling that year as well?