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To: Howard C. who wrote (34449)11/7/2000 10:20:36 AM
From: LLCF  Read Replies (1) | Respond to of 436258
 
< As even you must know, Newt Gingrich was responsible for the Gov't shutdown,>

Ha ha... and wasn't that just terrible! Non-event IMO. I agree with you though that Republicans deserve what they get for claiming all this economic prosperity... truth is it's very hard to tell. I think it very disingenious the way everyone blamed Jimmy Carter for recessions and hailed Regan for recovery when oil went from about $7 to $30 under Carter and back to $10 under Regan... PLUS the fact that Carter brought on Volker, widely hailed as Mr. fixit by the markets at the time. Anyway, whatever.... they're all liars.

DAK



To: Howard C. who wrote (34449)11/7/2000 10:28:54 AM
From: Les H  Read Replies (1) | Respond to of 436258
 
It's the economy, stupid, not the politicians.



To: Howard C. who wrote (34449)11/7/2000 10:35:36 AM
From: Jack of All Trades  Respond to of 436258
 
You should vote for Nader, because you dislike Rep. and are obviously Dem. Gore is the same as Shrub IMO, if you can't see that you are blind. They both have no real reform which the country desperately needs, they just talk about the same ole, same ole...



To: Howard C. who wrote (34449)11/7/2000 10:38:25 AM
From: Les H  Read Replies (1) | Respond to of 436258
 
You also have a habit of changing topics. I listed a number of outside consultants who were brought in to rescue the administration. Several were Republican.

The deficits were caused by overspending on entitlements and on defense. Entitlement spending is by far the largest part of the budget. If you go back and research, you'll find Reagan and the Democrats passed a large SS tax increase in the early 80s. The other major negative was the hangover from the high interest rates left from the 70s. You had CDs paying 18% in 1981-1982. The federal government was paying extremely high yields on long-term debt to fund operations. Reagan had little to do with that. Inflation was around 20% when he took office. That problem goes back to the Arab Oil Embargo, Nixon, Ford, and Carter.



To: Howard C. who wrote (34449)11/7/2000 11:11:17 AM
From: Mike M2  Respond to of 436258
 
Comrade Howard -g- during the 80s we experienced a public debt orgy during the 90s we experienced a private debt orgy. In the past public debts have been monetized while private debts get liquidated. Credit inflation can cause asset inflation creating a boom which will inevitably bust leading to asset and debt deflation- a depression. Mike