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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: bill meehan who wrote (84300)	2/2/2000 12:28:00 PM
From: IceShark	Respond to of 86076

LOL. Sounds like a fine idea to me. -g-

To: bill meehan who wrote (84300)	2/2/2000 3:39:00 PM
From: Cynic 2005	Read Replies (4) \| Respond to of 86076

Now here is something that has a "lot of credibility" - at least in my books! -g- This almost reads like an euology for the boom! biz.yahoo.com ------------ Wednesday February 2, 3:23 pm Eastern Time Clinton worried debt, deficit could trip economy NEW YORK, Feb 2 (Reuters) - President Bill Clinton is worried that rising debt at corporations and among individuals, and the growing trade deficit, could endanger the nation's economic expansion now in a record 107th month. In an interview with a small group of reporters on Tuesday, Clinton also said his concern for the economy's well-being was tempered by the budget surplus. ''My concern is mitigated by the fact that the government is in surplus and we're paying down the debt and that lowers our risk a little bit -- quite a little bit,'' he said, according to a report in the New York Times on Wednesday. The Commerce Department reported in January that the U.S. trade deficit ballooned to a new record of $26.5 billion in November 1999. ''It's highly unusual for a country to have a budget surplus as big as ours and a trade deficit this big,'' the newspaper quoted Clinton as saying. ''So I worry a little bit about the impact of the trade deficit that big for a long time,'' he added. Calling the economy's strength ''an American boom,'' Clinton gave some credit to the Reagan and Bush administrations for their role in the expansion by reducing inflation through competition and a free-trade agenda. But he stressed that his own policies to eliminate the federal budget deficit, further opening foreign markets and changing the laws governing industries like telecommunications were crucial to the nation's current prosperity. ''All these things, even before they were actually felt, helped to create a mind-set of confidence, which it seems to me is critical for keeping the recovery going on this long,'' Clinton said. He also raised a warning flag about the decline in the U.S. savings rate, which fell to 2.4 percent of disposable income in 1999 from 3.7 percent in 1998. Clinton also gave some credit for the robust economy to Vice President Al Gore, who narrowly beat former New Jersey Sen. Bill Bradley in Tuesday's New Hampshire presidential primary, saying that the more people know about Gore's role in setting the administration's economic policy, ''the more credit he'll get.''