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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (19372)8/18/1998 4:12:00 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
I think Clinton speech was very poor, although his admission was a smart move but it was not kind of stuff what one terms as 'cry from the heart'. I would think that his reference to too much money being spent after his admission looked preposterous.

You do a wrong, you keep it under wraps for far too long, and if money is spent to unearth your lie than under duress to say sorry is acceptable, every one makes mistake but a reference to investigation and money spent was ill advised. It only shows that the story will not die and Clinton wanted to let the tax payers support to urge this wastage to be stopped but I doubt this has or will work.

Starr will continue the pursuit and Clinton will be tormented further for next few more months until his Presidency is turned to a lameduck- the Republicans will hurt him but will not deliver the ''coup de grace'' to relieve him of the pain. The last thing Republicans want is to have a fresh Gore facing them after consolidating his power after two years in Presidency if President is forced to resign.The opinion pools may look nice but character issue will be Clinton's legacy.

The market perspective is that Clinton and his team will stay, a weak Clinton with strong team will not be negatively perceived by the markets.
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