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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: PartyTime who wrote (46125)	10/14/2000 11:30:30 AM
From: Joseph F. Hubel	Read Replies (2) \| Respond to of 769670

<I guess only right-wing Republicans are "true Americans" huh? Vietnam was the right thing to do. The S+L debacle was good for "small government".> ************************ Just to take away a few of your barbs at the Republicans, you seem to have a fact denied outlook. 1. Two Democratic Presidents, JFK and the prize package LBJ escalated the Vietnam war. Sec. of Defense MacNamara blew the entire execution with his remote control policies. 2. The S&L problems were initiated when the tax laws regarding real estate were changed in 1986. The laws that pulled the rug out from under real estate values were the huge increase in capital gains tax (from normal tax rate on 40% of gain to 28% on the entire gain)and the lengthening of the depreciation recovery time table from 19.5 years to 29.5 years. The two changes were anti real estate and caused real estate values to plunge thereby eroding the underlying value of mortgaged property. I'll concede that many banks were liberal in their value approach prior to the tax change, but two tax changes caused the bank failings. As an example a bank may have held $10 (to use simple #s)in mortgage debt on pre tax change property valued at $12. After the change the the underlying property value dropped to $9 which put their portfolio in a negative position under federal guidelines. Check the records. JFH

To: PartyTime who wrote (46125)	10/14/2000 12:19:16 PM
From: American Spirit	Read Replies (1) \| Respond to of 769670

Good post and glad to see someone who doesn't blindly follow Bush. This is the GWB thread. Not the PRO GWB thread. Democracy is about being able to state your view and make your case preferably with evidence attached. Many Bush followers obviously do not want to look at the facts about their candidate as a human being, where his real values might be and why he is running for president in the first place.