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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (49408)	3/1/1999 10:30:00 PM
From: Merritt	Read Replies (1) of 132070

MB: <<< I don't think $40-80 billion of new money, much of which does not go into the market, can do it now. >>> I think BC agrees with you, hence the push for Social Security "reform." Interesting that CNBC gave a fair amount of air time to the "story" going around Washington about how AG might not be re-appointed just because of his anti-BC SS program. BC wants his legacy to be an economic miracle, not Monica, and he doesn't care how many people have to suffer for it in the long run. I guess he feels if he can keep this bubble inflated through the end of his administration, people will only remember him for the good times, and blame whomever succeeds him for the eventual disaster. Personally, I wouldn't be too surprised if the next major market drop wasn't caused by AG saying he doesn't want another term, or possibly even resigning. He could say it was because he just couldn't bring himself to further associate with the present agenda of this administration...and it would also save him from being labeled the goat for the coming deterioration of the economy and stock market. (Well, it makes sense to me.<g>) It must gall him that BC won't be happy with him until he's turned into an obsequious little lap dog.

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