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Politics : Ask Michael Burke

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To: pater tenebrarum who wrote (82742)	8/8/2000 10:37:50 AM
From: Mike M2	Read Replies (2) of 132070

Heinz, HO HO HO while the solutions to the esop issue may raise complex issues the ill effects are clear as you state. One of the worst aspects of the credit bubble is the uses of the easy credit - consumer consumption or as Clinton would say investing in pleasure and leveraging corporate balance sheets such excesses do not provide the means to repay the debt because it is not a productive use of credit such as an investment in equipment which increases productivity or an expansion of the industrial base. It is clear that we are headed for TL & EV . mike

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