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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 21 4:00 PM EST

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To: flatsville who wrote (65361)	12/28/2000 9:44:03 AM
From: briskit	Read Replies (1) of 99985

<OT> I'll respond to you flats, because I seem to recall you as political in your posts. I'm wondering how accurate the Morris portrayal is about how this all worked, and if it provides a reliable clue to how we can expect these pressures to come to bear now. I remember the backlash in '94 being primarily about nationalizing health care. The government shutdown (creating enough free time for Monica) came later. The shutdown was precisely about the (Contract w/USA) balanced budget proposal issue (or deficit reduction, as Morris calls it). Clinton was at least publicly refusing any concession to the budget deficit reduction, or a balanced budget, well into '95. I remember him saying he would not commit to any timetable to reduce the deficit. That seems to conflict with the Morris version. But how much actual debt reduction has resulted from taxation increase, and are we to believe that is what Greenie wants here? My impression was that was primarily campaign rhetoric to deflect tax reduction.

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