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Technology Stocks : George Gilder - Forbes ASAP

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To: willcousa who wrote (5119)10/26/2000 9:47:46 AM
From: TigerPaw  Read Replies (1) of 5853
 
I challange anyone to cite an action of Clinton-Gore which helped the economy.
The budget was balanced primarily due to the more reasonable tax structure promoted by Clinton and passed by Gore's tie breaking vote, without a single Republican vote.

This economy was robust for about 10 years of the Reagan-Bush administrations
This statement proves that a robust economy alone does not lead to reduced deficits. Government receipts were dropping compared to the GNP all at a time that role of government was expanding.

In spite of todays normal October market action, the economy is still robust. A large stimulus in the form of a tax cut would push the trade balance and inflation figures over the edge.
TP
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