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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (53417)	11/1/2004 4:32:34 PM
From: Jorj X Mckie	Read Replies (1) of 57110

Former Treasury Secretary Paul O'Neill is on CNBC right now and is making a lot of sense. He is commenting on the election and presidential responsibility and culpability. Specifically, he brought up the employment numbers and how Bush is getting hammered for the high unemployment. He pointed out that economies are cyclical and that the idea that the president is responsible for every aspect of the country or that he can do anything about this stuff, is absurd. (paraphrasing, of course). Now, I don't agree with that completely, I just think that gov't policies have a more subtle and delayed effect. The boom of the 90s was likely to happen regardless of who was president. Hell, the credit could go back to Ronald Reagan.... When we, as a society expect the government to solve all of our problems and blame the gov't for all of the ills in our society, we are setting ourselves up for lots and lots of disappointment and continued ills.

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