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Technology Stocks : Intel Corporation (INTC)
INTC 45.07-17.0%Jan 23 9:30 AM EST

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To: J_F_Shepard who wrote (128692)3/1/2001 5:41:25 PM
From: Road Walker  Read Replies (1) of 186894
 
JF,

A decent argument could be made that that during the 8 year Clinton administration, the goal was to reduce the federal deficit, and that accomplishment helped fuel the equities rally. An equally decent argument could be made that President Bush's plans will eventually expand the federal deficit, and that is the reason for the market decline.

I probably don't agree with this, but I'll bet the argument will be made, when the government is no longer collecting revenues that exceed expenditures.

I still can't figure out why or when the Democrats became fiscal conservatives and the Republicans became fiscal liberals. It's almost as strange as when AMD, briefly, had the fastest microprocessor.

John
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