Steven Holt: “as the gentleman points out, economists are trying to pull this apart…”

On the recordSeptember 16, 2003

as the gentleman points out, economists are trying to pull this apart to understand how this perfect storm occurred. This will be the subject of economic studies for years to come, but one thing that is already apparent and will be apparent is this is not something that just happened to America; this was something that was created. It was created by the budget resolutions of 2001 and 2002 and 2003 and the appropriations and the tax bills that fulfilled those budget resolutions.

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Steven Holt

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govinfo.gov

Editor's note · Context

Discussing the economic factors contributing to a financial crisis.

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Steven Holt: “as the gentleman points out, economists are trying to pull this apart to understand how this perfect storm occurred.…”

Editor's note · Context