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Politics : PRESIDENT GEORGE W. BUSH
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To: Kenneth E. Phillipps who wrote (584224)6/20/2004 1:54:01 PM
From: Bearcatbob  Read Replies (2) of 769670
 
"Clinton gave us 4% unemployment, low inflation and a balanced budget. Bush gives us 5.6% unemployment, higher inflation and a $500 Billion budget deficit."

I actually marveled at the low inflation part of the Clinton presidency. I concluded that the success was due to NAFTA and GATT which produced price competition that prevented inflation with a growing money supply. Unfortunately a corner stone of the leftist candidate is against NAFTA and GATT - and free trade in general.

A kerry presidency based on his espoused principals would be a financial disaster - due to a return of inflation and the corresponding necessary increase in money ratess.
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