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Politics : Formerly About Advanced Micro Devices

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To: Peter Dierks who wrote (209567)10/31/2004 10:58:39 PM
From: tejek  Read Replies (1) of 1576121
 
LOL - You have partaken too much of the liberal vine. 95% of the news form Iraq is good. Your selected news sources choose to represent it differently.

95% of the news is good? Even Fox won't admit to that.

If your blood pressure medication can stand it, go to www.townhall.com daily. (It is a joke, if you are offended by the medical insult I apologize in advance.)

I've been to the Townhall site previously. Here's an example of what's currently on the site......an article by Larry Kudlow:

"Despite all this, investors still prefer George Bush over John Kerry by a margin ranging up to 15 percentage points, according to numerous polls. Undoubtedly they favor Bush's tax-cut policy over Kerry's proposed tax hikes. After all, Bush's tax cuts have propelled a net 50 percent increase in broad stock market averages since October 2002 (using the Wilshire 5000 index), even despite this year's market sluggishness."

If there are numerous investor polls, then I have not seen them....and I read the WSJ and IBD regularly. If he means the regular polls, I have not seen once where Bush is ahead by 15%. So what to believe?

As for the Wilshire 5000 index being up 50%, I don't know if that's true. But what I do know is that if it is true, its one of the few indexes that's up 50%. Most indexes are down or flat for the past two years. In fact if someone's personal portfolio is up 10% this year, its a miracle.

I am not calling Kudlow a liar but he is certainly manipulating numbers to make a point. The truth is the markets at best are doing only so so and it depends very much on the stocks you own. And the economy too is only doing so so.........its not a recession but it clearly isn't a boistrous recovery. And behind all of its is the ugly spector of oil hitting $60 per barrel.

So, no thanks, I will stick with the mainstream press.........I think their reality is closer to the truth.

As for Kudlow, he is an unabashed supporter of Bush who will go to any lengths to convince you that Bush is the best thing since ice cream. He regularly embarrasses himself. I seen too much of that on the right. They seem to be more concerned with their own agenda than what's best for this country.

ted

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