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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: chic_hearne who wrote (103619)	4/11/2000 2:28:00 AM
From: Scumbria	Read Replies (1) \| Respond to of 1570275

Chic, How quickly everyone forgets. During the 1992 election, the nation and the Fed were in a huge panic over growth of the national debt. Ross Perot was threatening $0.40 per gallon gas taxes just to stabilize the deficit. During the Reagan administration, the National debt grew from $1,000,000,000,000 to almost $5,000,000,000,000. His own budget director, David Stockman, warned him that his tax cuts would blow the deficit through the ceiling. Clinton and Gingrich both had a great deal to do with balancing the budget. The analysts are just as dumb about the economy as they are about stocks. Scumbria

To: chic_hearne who wrote (103619)	4/11/2000 2:55:00 AM
From: tejek	Read Replies (1) \| Respond to of 1570275

Just curious why everyone on CNBC gives the credit to Reagen and you point to 2 events in the Clinton administration. chic, When did CNBC become the last word? Besides I find it hard to believe that too many people are giving Reagan credit for this economy. If anyone started it, it was Bush....but I think real momentum began with Clinton pushing for a balanced budget. That made a big difference to the credit makets and the Federal Reserve....for the first it was felt that the country was following a relatively rational financial structure....at least that's how I read it. ted

To: chic_hearne who wrote (103619)	4/11/2000 11:21:00 PM
From: Ali Chen	Read Replies (3) \| Respond to of 1570275

OT: <I've never seen anyone give credit to Clinton for the economy.> I think Clinton is the smartest president for the time. His greatest achievement is that he did nothing, attempted no grand experiments with society. That was the best thing for current economy in the US. If you have a smooth running machine of huge complexity and do not understand how exactly it works, do not touch it. Any extravagant social experiment would only hurt. All. Regards, - Ali