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Strategies & Market Trends : Rande Is . . . HOME

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To: Kanetsu who wrote (49329)3/18/2001 2:26:31 PM
From: American Spirit  Read Replies (2) of 57584
 
Trust me I would love to see us with a strong President now, dem or repub. Personally I much preferred McCain and still do. But I just get a queasy feeling whenever Bush speaks now. He's really like the frat jock who's been voted Class President because he was the richest and most popular. But intellectually I worry if he can comprehend or if he really cares deep down. Maybe he will grow into the job and lean on the right advisors but if tax cuts are all we hear about it's not going to help the markets one bit. He needs to inspire truthfully, champion US industry and high-tech, re-assure us credibly and not repeat the same old spin we heard on the campaign trail. Or maybe he truly believes that a tax cut will cure our ills like Jack Kemp does. Keep in mind though the tax cut doesn't get going for 3-4 years and depends on enormous surpluses far into the future which probably won't exist and may cause future deficit problems. That's the main reason I think he's out of touch with reality right now. "Rome is burning" and Bush is fiddling away with the same old political agenda. Maybe you admire the guy because you're a party loyalist and preferred him to Gore but I just get the feeling there's no one at the wheel. Am I off base? Anyone else sense that? We get statements from the administration which sound strong but whenever GW opens his mouth I get the feeling he just doesn't get it. Why can't he admit we probably won't have those surpluses? Because he can't back down on his unrealistic campaign promises? (yes, both sides made them)

I also heard the GOP boast that Bush has been a business owner and knows a lot about it. Sure. He squandered 400 million of his dad's friends money on a belly-up oil company, sold his stock right before the bad earnings warning then got a free ride with the Texas Rangers working mostly as a "name". Not exactly one to inspire confidence.

We need Greenspan to fill that void. And quickly. But if he doesn't then we are adrift. I really am worried about all this pessimism and confusion. And it's not just for the sake of my own stocks. All of our business plans will be impacted for the next four years if we don't have stronger leadership with the right priorities. Recessions and oversold markets are partly due to paralyses caused by insecurity, confusion, change and fear. So courage and unity is what we all need as a nation and our leaders need to give us that by seeing things realistically. We also need campaign finance reform. Though it can never be perfect, that alone will instill a lot of new confidence in the system. I won't attack Bush anymore because his flaws are obvious and he's the only one we've got, but you have to admit he should be playing a more important leadership role in getting these markets settled. Problem is, his agenda may be contrary to what we really need, and he may have no idea what to say or do about it. A little scary.

PS - I'm not a liberal. I'm a hybrid. Like more and more people these days. Pure liberals or conservatives are throwbacks now and getting rarer contrary to popular myth. Also Nader was right about one thing. The two-party system and the divisiveness it causes just stinks. I have a feeling that going forward there will be more and more political independents demanding reforms. Real problem is it costs 100 million to run for president. Otherwise McCain might be in the White House now.
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