Imaginary Presidents

On a lighter note, thanks to Kottke for this retrospective of the imaginary Presidency of Al Gore.

And why did he pressure the universally admired Fed chairman Alan Greenspan to step down early in 2002? Replacing him with that old warhorse Paul Volcker was a nasty surprise, especially when Volcker choked off a promising housing boom in 2002 and imposed old, outdated regulations on lenders. Some properties lost as much as 8% of their value that year. Now housing prices are rising really slowly, and GDP barely grew by 3% this year.