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Technology Stocks : Intel Corporation (INTC)
INTC 38.16+2.5%Nov 7 9:30 AM EST

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To: EricRR who wrote (110072)9/16/2000 6:38:58 PM
From: Jim McMannis  Read Replies (1) of 186894
 
RR,
RE:"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? "

Please, do not confuse Scumbria with the facts. He's a dyed in the wool Liberal. Likely born into it.
1. Republicans took control of Congress. Also this was about the time the last bull leg in the market started. Also it was about the time the market figured out interest rates had peaked and AGs last hike was in, the key.

2. Clinton just saw an opportunity to move more to the middle and take some credit. In actuality, he was probably a lot less dangerous than Gore and Hillary...
Gore is a "divide and conquer", tax and spend liberal out of the old mold.

Jim
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