PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Lizzie Tudor who wrote (511339)	12/17/2003 10:34:03 PM
From: Victor Lazlo	Read Replies (1) of 769667

<< this economy was practically on autopilot when Bush took over, >> Actually no it wasn't Lizzie. The economy is never on autopilot. What was happening in the fall of 1999 is that bankers and VC's were starting to realize that all the money they were pumping into the high tech sectors was starting to return a negative return. High tech was returning high losses. So the money guys turned off the spigot. And this was the begining of the end, along with the huge vol of ipo-unlocked shares from the bubble dotcoms that were hitting the market from insiders throughout 1999, and the revelations that Enron and WCOM and Tyco were all just hollow frauds of the go-go 90s, and all the invesmtent banking and sl valley fraud that was so much the hallmark of the go-go 90s greed era .. << all he had to do was steer us through the 911 incident, which was a challenge admittedly, >> Yeah, that's all ! LOL ! I gotta love your sense of perspective !!! If you really had any sense of the economy, you'd realize that Clinton's championing of NAFTA, and its 1993 enactment with Clinton leading the effort, was the begining of the offshoring movement. But you don't.

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