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Politics : Politics for Pros- moderated

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To: Lizzie Tudor who wrote (12520)	10/16/2003 2:24:33 PM
From: Nadine Carroll	Read Replies (1) of 793587

Lizzie, the facts I quoted about the stock market are just that - facts. There's been one helluva washout in the stocks that soared in the bubble, the floor is littered with former high-flyers now dead, penny stocks, or acquired at fire-sale prices. To say "they're all back to former highs" is just not true. It's a very very different market today than in 1999. Don't be mislead by the DOW. Let me assure you that I have held this view of the stock market since 1998/99, when the mania became obvious to me (thanks to reading & talking with many knowledgeable people right here on SI). It is not a partisan view (I didn't even vote for Bush in 2000), and if it holds any politician up for scorn, it's Alan Greenspan (& yes I use the word "politician" advisedly though he holds no elected office). You have every right to see it differently & to note that Bush supporters now like this view of things. But it's not why I like it. I don't think Bush should have asked for that money to rebuild iraq's infrastructure. Seems like a very bad political call to me. Lend-Lease was also a very bad political call for FDR in 1939. But he thought it was necessary anyway.

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