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Politics : Did Slick Boink Monica?
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To: Charlie Schultz who wrote (1513)1/26/1998 1:54:00 PM
From: Dave Walp  Read Replies (1) of 20981
 
re; market expansion

Charlie:

I can't remember such a precedent. However, it would be interesting to look at Reagan's term in office contrasted to the prior decade and then look at Clinton's term as contrasted to his prior decade. Is Clinton's just a continuation of the 80's?? Also, I have been told that the 1986 tax hike/re-structuring made massive changes to the value of the real estate that underlay most of the financial holdings in the US at that time. This coupled with the S&L bailout could be responsible for the 1991 recession, which appears in hindsight to have been a temporary setback in a long term bull market & expanding economy.
Is the Gov't responsible for growth, or is it the enormous increase in productivity via computerization coupled with intense competition driving businesses to innovate?

Thanks for taking the time to read & respond to my prior notes.

Dave Walp
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