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

To: Bill who wrote (117907)	12/19/2000 6:51:14 PM
From: WTSherman	Read Replies (1) \| Respond to of 769670

<Name a year since 1929 where the stock market crashed 50%.< I hate to tell you this, but, the "stock market" is not down 50%. The NAZ Composite is down 50%, it was up 87% the year before. The S&P, a much better reflection of what is really happening in the stock market is down 10%. That's happened quite a few times. Sounds like your stocks are down and you have translated that into the "stock market" being down. Maybe you haven't grasped the nature of capitalism. You know, there's a risk involved... <The 1999 surplus was all capital gains and exercised options. Look it up, Mr. Facts< I don't have to look it up, I'm quite familiar with the data. You OBVIOUSLY are not. Since I'm sure you can't bring yourself to believe anything that someone other than a paranoid, right wing dupe tells you, here's a quote from the 1999 Senate Report on Capital Gains. It was chaired by that demolib Connie Mack: <In terms of raising revenue for the federal government...(capital gains)produce relatively little revenue. Revenues directly generated from capital gains represent only a small fraction – roughly 5 percent of government tax receipts< Hopefully, you've got some idea what US tax receipts were in 1999 and can do the math(multiply .05 times whatever fantasy number you like)... Listen, why not make up some BS about something that's not so easy to refute. You know, demolib conspiracies to endorse gay abortions...