SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Intel Corporation (INTC)
INTC 38.16+2.5%Nov 7 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Scumbria who wrote (110066)9/16/2000 5:59:21 PM
From: EricRR  Read Replies (3) of 186894
 
In 1992, Republicans were making similar remarks about Clinton. My favorite was Bob Dole's tearful television plea to stop the 1993 "Deficit Reduction Act", before it led out country into recession. Rush Limbaugh promised disaster if the bill passed. The bill did pass (by Al Gore's single vote), and the economy took off.

But here are two inconvenient facts:

1) Deficit reduction helps the economy by reducing long term interest rates. Those rates vacillated in 1993 and 1994. But then they peaked on November 8 1994, and never looked back. What happened on that day?

2) Clinton like to take credit for balancing the budget- implying some sort of premeditation on his part. And the President is required by law to submit a new budget to Congress at the start of every congressional session. Clinton submitted his first budget which was BALNCED in 1996. But the budget had already balanced itself the year before. How can this be?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News