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Pastimes : THE SLIGHTLY MODERATED BOXING RING

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To: Dayuhan who wrote (18152)	7/23/2002 10:31:59 PM
From: Lazarus_Long	Read Replies (1) of 21057

One of the biggest questions involved the issue of pumping up the stock market bubble with cheap money and a high tolerance for the loose accounting practices so loved by the Reagan/Bush I deregulation crowd. I'd agree with you that dereg was pushed too far and into areas in shouldn't have been. stock market bubble with cheap money I think Mr. Clinton had more than just a little to do with that. He wanted it and he benefited from it. He reveled in the the "wonderful" economy it brought, remember. If he was a victim, he was a very willing victim. And Reagan/Bush I? The cheap and easy money was largely a Clinton phenomenon. The problem was that the Republicans didn't have the balls to engage on that issue, since they were having even more fun with riding the bubble (and pretending that they were getting rich through their own wit) than the Democrats were. To some extent true. And to a large extent a bum rap. "pretending that they were getting rich through their own wit"? In fact, a lot of them were doing precisely that. There was an explosion of technical innovation during those years. We are still getting the benefit of what happened there. I'm using it right now.

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