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Article: WHO'S WHO OF WHOM TO BLAME FOR RECESSION SADDAM HUSSEIN ALAN GREENSPAN CREDIT CRUNCH COLD WAR TAX CHANGES ALL OF THE ABOVE.(Business)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- May 26, 1991
CopyrightCOPYRIGHT 1991 Albany Times Union. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Martin Crutsinger Associated Press
The recession was caused by:
(a) Alan Greenspan. (b) Saddam Hussein. (c) the credit crunch. (d) the end of the Cold War. (e) the 1981 and 1986 tax laws. (f) all of the above.
Each of those factors, and some even more disparate, are being advanced as culprits in the country's first economic slump in eight years.
In Washington, fixing blame for the recession isn't just an academic exercise. The issue is certain to arise in next year's presidential campaign. It could also be a factor in determining whether Greenspan keeps his job as chairman of the Federal Reserve.
In addition, some ...