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Politics : Al Gore vs George Bush: the moderate's perspective -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (2370)	10/13/2000 6:30:53 PM
From: Hawkmoon	Respond to of 10042

Agree completely with your analysis on the S&L issue... That's also why, while I agree in principle with a flat tax proposal, I'm also afraid that, without provisions for grand-fathering the current home mortgage exemptions, we'd be setting ourselves up for another debacle in the financial sector... Once you start messing with the tax code and setting up favorable loop holes to promote economic growth in one sector or another, it is necessary to unwind them slowly. Btw, I think the PPT was in action today as well... It was crossing my mind earlier this morning as I was watching the rebound... All logic should have dictated that, despite the severly oversold conditions the markets are in, that few investors would want to hold over the weekend. And since the mid-east political problems are not really as serious as they may sound (unless escalated to full-scale war and an oil embargo), the markets over-reacted yesterday... Good to see you back here participating... ;0) Regards, Ron

To: Zeev Hed who wrote (2370)	10/13/2000 9:32:16 PM
From: Fiscally Conservative	Read Replies (1) \| Respond to of 10042

Zeev I love it when you really begin to articulate! btw:love those turnips! Zeev for President? You got my vote!

To: Zeev Hed who wrote (2370)	10/14/2000 11:35:37 AM
From: long-gone	Read Replies (1) \| Respond to of 10042

<<(as part of Reagan Master tax program). >> Are you really from the US, Do you know the Republican President could not have written ANY legislation(tax or other wise) with-out the the Democratic Party held house & Senate - now could he?

To: Zeev Hed who wrote (2370)	10/14/2000 1:02:43 PM
From: long-gone	Read Replies (1) \| Respond to of 10042

<<You think that a government that lets a financial crisis develop into a depression is s good government? How many people in this country would have committed suicide? How many families would have lost their jobs, their homes, their life savings. What would be the impact of a financial meltdown on world stability and even peace? You would rather see all these calamities coming down on the human race, just to be "politically correct"?>> Do you even have the SLIGHEST UNDERSTANDING of the terms "Moral Hazard" or "Free Market"? You have proven the most severe miss in the definition of the term "politically correct"! That which was done, was done in the name of the administration being "politically correct" and continuing in power, economic correctness never was considered. What you have missed in your manipulated theory of economics is that there are two sides to every market - for each seller - A Buyer exists. Even under this "better plan" you love there has been found an incredible(many suggest excessive) volume of "consturctive destruction" (to use the term loved by Greenspan). Only when the price collapses can a true value level equilibrium be achieved. Will you next suggest we would be better off were all production & supply controlled through a central authoritarian "proletarian" planning agency as seen under the Soviet model? One must believe & trust in the worth & workings of the free market or they prove themselves Maxist.

To: Zeev Hed who wrote (2370)	10/14/2000 1:28:18 PM
From: long-gone	Read Replies (1) \| Respond to of 10042

"...Money is the barometer of a society's virtue. When you see that trading is done, not by consent, but by compulsion--when you see that in order to produce, you need to obtain permission from men who produce nothing--when you see that money is flowing to those who deal, not in goods, but in favors--when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you--when you see corruption being rewarded and honesty becoming a self-sacrifice--you may know that your society is doomed. Money is so noble a medium that it does not compete with guns and it does not make terms with brutality. It will not permit a country to survive as half-property, half-loot. ...Whenever destroyers appear among men, they start by destroying money, for money is men's protection and the base of a moral existence. ... Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it becomes, marked: 'Account overdrawn...' from a speech by Hank Rearden "Atlas Shrugged" Ayn Rand