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

To: Zeev Hed who wrote (7253)	11/7/2000 2:51:24 AM
From: Dave B	Respond to of 30051

Zeev, 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. I agree 100% about Rubin and the various inflection points you mention. I agree about the arm bending as well -- once the Republicans took back Congress with their Contract with America (which included a balanced budget, plus some other stuff), Clinton became the best Republican president the Democrats have had in a long time <G>. Dave