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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote (49094)	4/30/2004 2:47:59 PM
From: Mary Cluney	Read Replies (1) of 74559

<<< If this were a decent world, Alan Greenspan would be in prison today for fraudulently persuading the American public to pay twenty years of really harsh taxes, only to see that the very thing that we were paying them for has been stolen from us by the profligate wastrel in the White House and his completely unfair and unscrupulous looting of the Treasury for his rich cronies. Arrrgh, there ought to be a law against such grand larceny.>>> I see where you are coming from. But I don't think AG is really fully to be blamed. I think AG is a disciple of some very esoteric conservative views on the economy. I admit I have no understading whatsoever. I have read the Fountainhead and Atlas Shrugged nearly fifty years ago, but that is about it. I doubt that neither Ronald Reagan nor George W Bush has even gone that far in trying to understand the conservative philosophy and how it applies to economics. I think both Presidents profess and have have some sort of conservative philosophic worldview. Ronald Reagan's is probably nore sincere and genuine. The problem is that both were not really diligent as far as studies are concerned. That would be okay, if you were like me - a nobody - but these guys are/were Presidents of the United States. For these two, to try and implement a conservative economic policy is probably where we are at. Normally, this would be comical - if it were a grade B movie - but this is real life. AG, like a lot of intellectuals (on the left and right) - are really prostitutes - when it come to getting ahead and how they position themselves so they can be put in a position of authority. They will sacrifice quite a bit of what they really believe. Their crime is really not speaking up, when the Boss really doesn't understand - but has the full authority to go ahead with what they beleive the intellectuals are telling them to do. It is a vicious cycle. It's a real comedy of errors, if it weren't so serious.

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