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Politics : Ask Michael Burke
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To: Freedom Fighter who wrote (85480)11/15/2000 10:25:18 AM
From: Mike M2  Read Replies (3) of 132070
 
Wayne, I recall hearing about a NYT story after Clinton won in Nov 1992 headline was the Clinton recovery - before he ever took office. If Bush prevails the media will start to focus on all the problems with the economy -g- In the 1980s trade deficits were bad now they are seen as a sign of superior economic strength. In the 80s the public debt orgy was bad but now the private debt orgy is good. Watch out the republicans are going to take your social security but when Clinton taxes the benefit ( same effect as a cut) that's fine. When the administration makes over 30 changes to the way CPI is calculated to understate price inflation and reduce COLAs for entitlements NARY A WORD from our comrades in the media. The wealth disparity was horrible in the 80s but now not a word about the greatest transfer of wealth by "financial pettifoggery" in history . A new word i picked up from Mr. Motto. ESF led bailouts that benefit investment bankers the press would scream bloody murder in a republican administration. LTCM bailout -where is their outrage. A rate cut late thurs before options expiration - no big deal. IMO The press has given the Clinton administration incredible slack over issues that they never would have been relatively silent on if a republican were president. Geometric weighting, hedonic pricing,bogus GDP & productivity stats, accounting shenanigans, stock options accounting, debt funded share repurchases, revenue swaps, dot. bomb disasters, et. al. Where is the outrage from the media? I feel sorry for Bush if he prevails because it may not take the press long to catch on to some of these issues! Mike
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