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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Dave B who wrote (7238)	11/6/2000 9:17:39 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

I agree with you that our founding fathers wanted "checks and balances", but the chief executive is still the one that set implementation policies. Clinton was willing to listen to Rubin (IMHO, one of the smartest "treauries" in the last 50 years), and in many cases they pulled rabbits from their hat. The Mexican crisis, The Southern America debt restructuring, the Asian malaise and the Russian financial collapse could have each precipitated a worldwide recession. These situations were managed by cooperating between our own fiscal and monetary policies. Congress had a very small part in these. Good cooperation (and sometimes arm bending and coercion) between the executive and legislative branches got us into the balance budget. Zeev