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

To: WTSherman who wrote (119007)	12/22/2000 10:43:48 AM
From: H-Man	Respond to of 769670

Perhaps you did not hear greenspan say that the threat of recession was on the horizon. Perhaps you did not hear all of the down grades over the last few months. I hope your trading is more intelligent than your rhetoric

To: WTSherman who wrote (119007)	12/22/2000 10:48:41 AM
From: jlallen	Respond to of 769670

Nice spin. Too bad its not anything close to reality. Face it, Gore lost and nothing you guys can say about Bush is going to change it. The market is not reacting to the factors you are citing but to economic indicators which have been declining since spring. JLA

To: WTSherman who wrote (119007)	12/24/2000 6:50:21 AM
From: Zoltan!	Respond to of 769670

Yes, we all know Clinton/Gore ran on lies - they entered office during an historic boom and called it "the worst economy in 50 years" - so no wonder you get so mad whenever someone utters the truth: December 24 2000 BUSINESS NEWS America 'already in recession' say economists David Smith , Economics Editor American Account - Irwin Steltzer FEARS of a hard landing for the American economy, with serious consequences for Britain and the rest of the world, have heightened, despite a recovery on Wall Street on Friday. One leading American economist says America is probably already in recession, while others warn that even an aggressive cutting of interest rates by Alan Greenspan, chairman of the Federal Reserve, will be insufficient to head off a hard landing. John Makin of the New York-based Caxton Corporation, says that "the United States has probably entered a recession". "Over $2.5 trillion (£1,700 billion) - a year's worth of average wealth creation during the great expansion of the 1990s - has already disappeared in the US since March," says Makin. "The loss of wealth is erasing demand growth, thereby exacerbating the underlying excess capacity problem, which, in turn, leads to more wealth loss. The US economy is on a dynamically unstable downward path." Other economists are also bearish about America's prospects, after earnings warnings from leading companies and a sharp drop in business and consumer confidence. "An ongoing deterioration in technology has an immediate and discernible knock on overall economic growth," said Neal Soss of Credit Suisse First Boston in New York. "A slowdown in tech spending causes multiplier effects that are likely to be substantial, particularly via the stock market." CSFB says that as well as lower interest rates - it predicts that the Fed will cut by 0.75 points during the first half of the year - the economy will need big tax cuts from the new administration.... sunday-times.co.uk Thank goodness Bush ran on his prescient plan to get US out of the incipient Clinton/Gore recession and the Gore Bear Market.