| Dear Zoltan: I think we give these Politicians TOO MUCH CREDIT!! Most of the ups and downs of business IMHO are purely the ebbs and flows of the business cycle. Times are good, we hire like crazy, build up inventories etc etc and ultimately become inefficient, thus we belt tighten, reduce salaries, overhead, inventories etc etc and bad times appear, then we start the whole cycle over again. Now, when Clinton passed the HIGHEST TAX INCREASE IN THE HISTORY OF THE NATION that COULD have led to a very bad thing, BUT at the same time AG reduced interest rates and FLOODED the market with liquidity. That temporarily counteracted the bad move of Clinton and it lasted quite awhile as we FED OFF THE REDUCTION IN MILITARY EXPENDITURES. We now HAVE to at a minimum REPLACE the military stores we ATE during the Clinton administration (Bushes comprehensive review will indicate just what is needed), AS WE TOOL UP TO DO THIS, and presuming interest rates continue down and we get some tax relief SORELY NEEDED we SHOULD expect the cycle to start UP again. Remember the old axiom, its still good today (BUY LOW, SELL HIGH) JDN |
