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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: John Vosilla who wrote (86785)9/23/2007 2:41:44 PM
From: Lazarus_Long  Read Replies (1) of 110194
 
I think most underestimate the brilliance of Gingrich, Clinton and Rubin while overstating what Greenspan's role in all this was..
Clinton? Brilliant? If Clinton were so smart he would have kept his pants up and not supplied his enemies with some REALLY JUICY ammunition. THAT was stupid. Period.
Rubin is like Greenspan. He has an undeserved reputation.
Gingrich? Brilliant? You're kidding, right? Gingrich was the lead-in to the Religious Right capture of the government. I suppose he served a purpose in keeping gridlock in effect. Nothing is more useful to the American people than a gov't that can't do anything except that which REALLY has to be done.

No one can deny the dollar strengthened 50%,
I can. You got proof?
1980-1988, remember?
eh.net
eh.net
eh.net
I'd call the record iffy. Up at first, but then dropping.
This guy has trouble with that too.
oecd.org

Here's the converter if you want to try other years or currencies.
eh.net

we got out of the S&L fiasco stronger then ever
The S&L fiasco was under Reagan. If you choose to call it a cure, he cured it. You can also call it a bail-out.
"The Savings and Loan crisis of the 1970s and 1980s was a wave of savings and loan association failures in the United States in which over 1,000 savings and loan institutions failed in "the largest and costliest venture in public misfeasance, malfeasance and larceny of all time."[1] The ultimate cost of the crisis is estimated to have totaled around USD$150 billion, about $125 billion of which was consequently and directly subsidized by the U.S. government, which contributed to the large budget deficits of the early 1990s."

and had our fiscal house in order for once.
research.stlouisfed.org
research.stlouisfed.org
Look at the years between 1980 and 1988. That's in order? If so, I'd hate to see what disorder looks like. The Clinton years don't look so hot either. I don't even want to talk about the years since 2001.

My best hope for 2008 is Romney or Clinton with divided government, open dialogue and hiring very smart advisors
Gridlock is good! :-)
Governments hate it and badmouth it because it makes it much harder for it to get its way, but "That government is best which governs least."
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