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Politics : PRESIDENT GEORGE W. BUSH
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To: Lazarus_Long who wrote (141280)4/29/2001 11:00:10 PM
From: Scumbria  Read Replies (1) of 769667
 
James,

I posted a link to a poll which showed public confidence in the economy dropped by 15% during Bush's first three weeks in office. The stock market plunged by 40% during the first 9 weeks of Bush's presidency.

When people expect the market to drop, they sell. That is why Reagan forcefully ended the slide in 1987 by telling Wall Street they were FOS. Bush took the opposite approach which was- fanning the flames.

When the President of the United States tells the world that the economy is going into recession, people bail out of the stock market. Any moron can figure that one out.

Scumbria
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