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The W - Current Events & Politics - Former Fed Chair Greenspan Warns of 2007 U.S. Recession
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redsoxnation
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Since: 24.7.02

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#1 Posted on | Instant Rating: 3.79
http://news.yahoo.com/s/ap/20070226/ap_on_bi_ge/hong_kong_us_greenspan
Cheerful thought for a Monday morning when the former most powerful man in the world says the U.S. economy is poised to take a negative turn later this year. How low can Bush's numbers sink if the economy goes into the tank and unemployment goes up a few percent right before the X-Mas spending season?



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Since: 2.1.02
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#2 Posted on | Instant Rating: 5.16
    Originally posted by redsoxnation
    http://news.yahoo.com/s/ap/20070226/ap_on_bi_ge/hong_kong_us_greenspan
    Cheerful thought for a Monday morning when the former most powerful man in the world says the U.S. economy is poised to take a negative turn later this year. How low can Bush's numbers sink if the economy goes into the tank and unemployment goes up a few percent right before the X-Mas spending season?

If a recession were to come crashing down this year, Bush could begin to approach Yeltsin-like approval ratings. Ol' Boris made it all the way to 5% approval before he left office. I doubt it would go that low, but it would almost certainly drop to a level unheard of in the modern American presidency.



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