Yo Amos,

Well, yeah... I can't find fault with yer Econ 101... What I guess I didn't spell out about presdients havin' or not havin' control of interest rates is the Fed... As long as a president doesn't buck the Fed then most likely there won't be trouble...

Bill Clinton is a prime example... He and Greenspan worker together real well and, might of fact, what Clinton did was purdy much what Jimmy Carter did... He tightened the belt on spending and cut into deficts which made out currency more attractive becuase the governemnt was solvent and not in mired in red ink...

If you look at the Reagan Charge it" years the deficits finally took their toll and interest rates rose toward the end of his presidency and thus the recession that Bill Clinton inherited...

My argument is that Jimmy Carter'd policies didn't creat the high interst rates... I can't think of any of his policies that would point to that... OPEC had a lot to do with it... The spendin' under LBJ and Nixon had a lot to do with it but Jimmy Carter's policies din't...

At least, that is my memory ofd things... If I missed something along the way then please enlighten me...

Yer bud,

Bobert