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Politics : PRESIDENT GEORGE W. BUSH
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To: Steve Dietrich who wrote (535044)2/3/2004 9:28:32 PM
From: Gus  Read Replies (4) of 769670
 
The point is that the surpluses were unsustainable and unrealistic because they were based on a US economy that was going through one of the greatest financial bubbles in history. Recall that the 1996 Asian economic crisis and the 1997 Russian economic crisis had driven several trillions of foreign capital into the US economy chasing after US financial assets.

Understandably, you and other Democrats are going to cling to those fictional surpluses because you think it allows you to shed your historical baggage as tax and spend liberals and turn into deficit hawks. Unfortunately for you, most people have better access to a wider range of facts and opinions now so while they may retain some measure of trust their ancestral party they will most likely verify for themselves.
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