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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Lee Lichterman III who wrote (24114)6/4/2000 8:44:00 PM
From: Les H  Read Replies (1) of 42787
 
OT The credit really belongs to the private sector not the pols. As for a bungle in the 80s, it took 15-20 percent interest rates and 11 percent unemployment in by Volcker to kill off Opec, inflation, and IMO the Soviets who depended on high energy prices for income. (EDIT - The Iran-Iraq war also helped keep oil prices low.) Unemployment fell to 5-5.5 percent under Reagan. The 90-91 recession raised unemployment to about 7.2 percent. Bush/Clinton benefitted from fall of Soviets to cut defense spending, a Republican congress that killed a national health care boondoggle, and a Republican balanced budget plan in 1994. As for Clinton, he's doing the same thing the other presidents of both parties have been doing - raiding SS.
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