Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: flatsville who wrote (65375)	12/28/2000 11:56:46 AM
From: briskit	Read Replies (1) \| Respond to of 99985

As I said remember, George the First had to eat, "Read my lips...yaddah, yaddah, yaddah." Hope the Second has an appetite. I hope not. I can't imagine more taxes as they are about killing me now. and it wasn't Gingrich and his snot-nosed Republican revolutionaries as Clinton demonstrated. I was trying not to engage too much politically, but to understand what might have been market forces by the FED. I believe Clinton did sign into law 7/10 Contract items. Morris would have us believe Clinton accomplished the 8th, deficit reduction.

To: flatsville who wrote (65375)	12/28/2000 12:19:26 PM
From: Tunica Albuginea	Read Replies (2) \| Respond to of 99985

OT/Clinton " shutdown " was the last attempt by Democrats to maintain the " Tax and Spend " system of Government. That system is now collapsing through it's own bloated debt weight(owned and due in future ). The only question is this: Is the collapse of Tax and Spend going to be orderly or chaotic ? GWBush is trying to make for an orderly contraction. The Dems ( the true Dems and the Dems disguised as Republicans ) will try for another shutdown, in which case chaos will result. TA ========================================= Message #65376 from flatsville at Dec 28, 2000 11:16 AM The shutdown was precisely about the (Contract w/USA) balanced budget proposal issue (or deficit reduction, as Morris calls it). Clinton was at least publicly refusing any concession to the budget deficit reduction, or a balanced budget, well into '95. I remember him saying he would not commit to any timetable to reduce the deficit. That seems to conflict with the Morris version. I agree it does seem to conflict. But, I don't think that stand-off had anything to do with the budget. It had to do with who was in charge...and it wasn't Gingrich and his snot-nosed Republican revolutionaries as Clinton demonstrated. They went to the wall...and who blinked? But how much actual debt reduction has resulted from taxation increase, and are we to believe that is what Greenie wants here? Well, AG has said as much. I think we should take him at his word on this one. How much actual debt reduction? Got me. But, there's enough of a perceived budget surplus that politicians want to spend it in spades and he's obviously concerned. Don't bet me wrong here. AG would be having the same power struggle with Al Gore had he "won." I think Al would be somewhat more tractable on the issue and not come out of the meeting screaming "Tax cuts are non-negotiable!" As I said remember, George the First had to eat, "Read my lips...yaddah, yaddah, yaddah." Hope the Second has an appetite.