SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Clinton's Scandals: Is this corruption the worst ever?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lizzie Tudor who wrote (1860)8/18/1998 8:20:00 PM
From: Les H  Read Replies (2) of 13994
 
>Yes but the problem with Dole, and with his generation in general,
>was a sense that they could not grasp the global economic environment
>we now live in. Reagan absolutely didnt understand the global
>economy, and Bush unfortunately was in office during the recession
>and gut wrenching turnaround facing man of the old-line industries at
>the time (auto, steel etc). That is why there was this coalition of
>Silicon Valley executives in 1992 that very publicly endorsed Clinton
>and the democratic party - highly unusual since these guys are mostly
>republican - but they were just too afraid that the current leaders
>were going to allow chip dumping etc. by the Asian tigers etc.

Heavy industries were dying since the early 70's. Clinton's health
care scheme was an attempt by old line industries, such as steel,
autos, etc., and their unions to dump their retirees' into a national
plan to be subsidized by the public. Many of those industries had high health care costs due to the average age of the workers.

To pretend to understand the global economical environment smacks
of centralized industrial planning. This approach in the USSR under
the communist state and in Asia under the economic nationalism has
turned out to be a failure.

Clinton and Gore talk a good game. But they don't understand
economics 101 based on their attempts at nationalized health care and
other new entitlements. One need only look at Europe and its full
employment rate of 12-15% unemployment. Th only reason the high
tech executives supported him was they thought he would work on
the intellectual property problem with the Asian states and on
greatly increasing school budgets so they could sell computers and
other goods into the educational system. The intellectual property
issue was also why Hollywood strongly support Clinton.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News