NP Bush Economics after 9/11

[Terrance]

For some time now we have been thinking that Mr. Greenspan can cut
interest rates and use his other money tools to keep the economy out of
recession while keeping inflation under control. But what if Greenspan
cuts interest rates to zero and nothing happens? 
What if the free market free falls? Jobs are being lost by the thousands
almost every day. Insurance costs are skyrocketing. Free trade is bogged
down at the boaders and backlogged in factories and plants. People are
very nervous and christmas is coming and people are not shopping.  
Bush seems to think that the President can influence the economy too.
Not by some designed war economy, but by cutting taxes again. And,
perhaps a little voodoo? Yes, spending. Lots of this spending is not
going to stimulate the economy, but in the wake of attacks, it's needed.
But what do the Europeans think of this evildoodoo economics? 

http://www.nytimes.com/2001/10/25/business/worldbusiness/25EURO.html