Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Thehammer who wrote (50607)	10/22/2000 9:30:36 PM
From: American Spirit	Read Replies (2) \| Respond to of 769667

Reagan-Bush also presided over an over-heated economy which led to a recession and enormous debt. Reagan-Bush could never take in enough taxes to pay for their spending so debt mounted. Bush's "read my lips" reversal was due to his realisation that new revenue had to be taken in to pay for "voodoo trickle down economics" which made some rich but drained the government coffers and removed the safety net. It also gave us goodies like homeless people by cutting mental health services. Furthermore, their fiscally irresponsible S+L debacle (caused by Reagan signing the Garns-St Germaine Act) alone gave us a trillion dollars in new debt. All part of their "unleashing the private sector" because "we trust you" and the ones they unleashed and trusted (their own cronies) turned out to be white collar criminals. Expect some of the same if Bush gets elected. Also expect more unemployment, more poverty and more racial tension. The market will not be where I'd put my money during a Bush Administration. Higher interest rates mean bonds, gold, whatever. Maybe oil stocks because they will be reaping continued windfalls.