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Politics : PRESIDENT GEORGE W. BUSH
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To: J.B.C. who wrote (289439)8/22/2002 5:25:25 PM
From: DuckTapeSunroof  Read Replies (2) of 769670
 
Re: "Clinton paid down debt by inflating the market with huge cash infusion and collecting taxes on the capital gains."

>>> President's can't 'inflate markets', they don't have the power else they would ALL be doing it.

>>> The Federal Reserve controls money growth.

>>> But Clinton DID raise taxes in the top income bracket (remember that tie-breaking vote in the Senate by Al Gore? Remember all the Republicans, Gingrich, DeLay, Armey, etc., all predicting doom and destruction because of the tax hike? Remember them saying the deficit would explode and the economy would stall?)

>>> On the other hand, remember Reagan campaigning on a 'no deficit' plan? Remember Bush 41 saying the same thing? Then remember the MASSIVE deficits that piled up during the Reagan/Bush years?
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