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Republicans are ruining America, part 3 Recession | email@PublicIssue.org |
Part #3 March 14, 2000 Alan Greenspan,
Chairman Federal Reserve
System 20th
St. & C St. NW Washington, D.C.
20551 Dear Chairman
Greenspan, Re:
Interest rates and ENERGY PRICES According to an
article in the 3/14/00 issue of USA TODAY “41% call higher gas prices
a “financial hardship” (USA
TODAY/CNN/Gallup poll”. Your
Federal Reserve Board has raised interest rates 1% in the past
year and according to your recent comments, interest rates are going to
go up another 1/4% this month.
You have added $10,$20,$30,$40 or more dollars per month on
variable rate home mortgages and
rates on variable interest loans and credit cards.
As I stated before when pre-emptive strikes are made
against something that may be possible, the results are COSTLY. (To the
lower income families).
When even 30% of Americans earning over $50,000 are suffering
financial hard- ship than raising
interest rates can, in my opinion, drive this nation in a recession. Maybe that is the
Republican plan to slow the economy into a recession during a
Presidential Election year.
I know that most bankers are Republicans and I would hate to
think that party affiliation would come before the welfare of the
general public. I foresee a
recession before the end of the year. For arguments
sake, let’s call it: THE
ALAN GREENSPAN and COMPANY YEAR
2000 RECESSION As I stated
before I have been in “face to face” selling for over 50 years and I
have been through the muddling around
by the Republicans. |
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