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Politics : PRESIDENT GEORGE W. BUSH
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To: American Spirit who wrote (353389)2/4/2003 3:11:05 PM
From: sea_biscuit  Read Replies (2) of 769667
 
They are trying various tricks -- like dramatic reductions in interest rates, killing the 30-year bond, muddying the waters with dividend tax cuts (when the reality is the dividend yield is so low) and on and on. But it is all like trying to stop diarrhea by hand -- sooner or later, the stuff is gonna come out! :-)

Btw, note that Goodyear eliminated its dividend? Debt-laden companies can't afford dividends and that describes most companies in today's world. The dividend on a single share of S&P 500 has been falling steadily all through this bear-market. Even if the bottom is at a historically high dividend yield of 3.5% and dividends fall another 15% or so (very optimistic estimate), the markets have to decline another 50% from here.

I would say that we will get halfway there by the time Duh-mbya is up for re-election. That will seal his fate.
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