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Technology Stocks : Intel Corporation (INTC)

INTC 36.78

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Nov 26 3:59 PM EST

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To: Joe NYC who wrote (129153)	3/5/2001 1:44:14 PM
From: Burt Masnick	Read Replies (3) of 186894

Re:"I don't think Democrats could have nominated better Democrat than Nixon. No Democrat could do as much to advance the Democrat agenda as Nixon did." That is a fairly headbending set of sentences. Nixon was Mr. Republican back then. No ifs, ands or buts. He was THE voice of the Republican party. In trying to cope with stubborn inflation (combined with a deteriorating economy) he did impose wage - price controls. He certainly did it out of a desire to solve the problem, though his method was deranged and highly unlikely to succeed. His method was neither republican or democrat, but more like what Nixon thought was a pragmatic solution to a stubborn problem. It is fair to say that Nixon had a meager understanding of economics and relatively little interest, compared to the world of international politics and the world of party politics. He wasn't a closet democrat. He was an opportunist with a strong grasp of the realities and opportunities of international realpolitik as well as US domestic politics. History will be relatively kind to him on international matters (save Vietnam), and relatively unkind to him on his handling of the economy. His Watergate legacy will never be obliterated. The problem with Dick Nixon was that at the core he was "Tricky Dick" just as the problem with Clinton is that at the core he is "Slick Willie". Neither of these two ex-presidents was overly concerned with the niceties of the lawfulness of their activities or with the orthodoxy of their respective parties as far as policy decisions. Nixon was an economic dunce before the nation began to realize that bad economic decisions had consequences that would hurt them down the road. Unusually good at wheeling and dealing on the international scene. Obsessed with winning elections at all costs on the domestic side. No discernable moral compass.

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