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Politics : Sharks in the Septic Tank

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To: jlallen who wrote (10177)	4/1/2001 10:06:12 PM
From: Dayuhan	Read Replies (1) of 82486

especially as the Clinton/Gore recession takes hod of our economy. The '90's boom had nothing to do with Clinton/Gore, and nothing to do with Reagan/Bush either. The current slide - it isn't a recession yet, and may or may not become one - has nothing to do with Clinton/Gore either. Political vagaries have very little real effect on business and market cycles; other factors (in this case, demographics and technological cycles) are far more significant. It should also be pointed out that the current stock market "crash" is not a crash at all, it is simply a restoration of sanity in valuation of certain sectors. If you don't believe that, look at a 10-year chart of any major index. We are still way above 10-year median levels. Clinton did not make the sky fall. The sky isn't even falling. There is no special need for melodrama, even if it's ideologically gratifying.

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