Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: R.E.FALTINGS who wrote (2740)	1/11/1998 3:10:00 PM
From: wooden ships	Read Replies (1) of 42834

RFaltings: Brinker characterized the 1993 Democrat tax increase, the largest in history, as "unfair" on Saturday. Verily, Brinker- at the time of Clinton's treacherous abnegation of his campaign promise of a middle class income tax cut (we are still waiting for it, Mr. C!)- was quite indisposed to the merits of said tax increase. Indeed, I believe that a case could be made that the tax increase itself did not curb our ballooning deficits. The Republican Congress began to rein in 40 years of runaway liberal Democrat deficit spending and intemperate social largesse, restored confidence to the US and foreign investors, and allowed for an unprecedented bull run in the stock market. Such a market has been a font of capital gains taxes to the US treasury, provided endless liquidity, and engendered a sanguine environment for job creation and consequent increased tax inflows. Make no mistake, an unbridled Bill Clinton colluding with a tax and spend liberal Democrat majority Congress would doubtless have been the kiss of death to the stock market and the US economy overall. Thank Heaven this liberal charlatan was fitted with a restraining Republican bit and harness.

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