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Strategies & Market Trends : Zeev's Turnips -- Ignore unavailable to you. Want to Upgrade?

To: Carl R. who wrote (411)	12/30/2000 1:56:17 PM
From: Sam	Read Replies (1) \| Respond to of 644

<<And while we're at it, who gets the credit for the long expansion? Should credit go to Clinton/Gore? Or to the policies of Reagan/Bush? Or to Greenspan? Or to the Republican Congress? Or maybe the true reason is demographics (e.g. Harry Dent)?>> Democrats will say credit goes to Clinton/Gore or Greenspan/Rubin. Republicans will go back to their "sacred fountain" and give RR the credit for the early part, and the Republican Congress the credit for the second. Funny how the Democratic Congress gets no credit for the 80s, while the Clinton/Gore executive branch gets no credit for the 90s. No myopia among Republicans, is there? Such fair-minded folks. There is also the Wired/Gilder explanation--that technology and, especially, people's sense of how to use it properly, has engendered this boom, which would have occurred no matter who was in office, as long as it wasn't stifled either by too tight money or absurd regulations. The 80s began it, and the 90s made it really boom, and, in this view, it will continue to boom if it isn't squelched by adverse government/central bank policies As far as blame for any recession that may occur: IMHO, recessions are almost always "engineered", and the blame for this one goes to the Fed. Not just for their too tight policies of the past 6 months, but for too loose policies of late 99. BTW, there may not be a lot of vocal demonstrations in the streets, but there is still a lot of bitterness. Many Democrats still believe that Gore ought to have won this election. One of George Will's favorite things to say about Clinton whenever was pushing something unpopular was that he elected with a minority of votes (less than 50% of the votes), so had no mandate. Somehow, I don't think he will be repeating such things about W. If Bush and the Republican Congress aren't very, very careful, I think that there will be a strongly Democratic Congress come '02.

To: Carl R. who wrote (411)	12/30/2000 2:06:48 PM
From: Bosco	Read Replies (1) \| Respond to of 644

Hi Carl - Happy New Yr to you and others here, and your families also. With regard to the recount, the Miami Herald has adopted my <VBG> research methodology of publishing the raw data. People can make up their mind. Using the old maxim from President Reagan, from the economic standpoint, are people better off after 8 yrs of Clinton/Gore vs 12 yrs of Reagan/Bush? They can make up their mind, why worry about the spin? However, as the mutual fund industry would say, past performance doesn't guarantee future results <G>! That said, President-elect Bush has assembled a set of old Ford hands. That is my real concern! If you remember the W(hip)I(nflation)N(ow) campaign, in which VP-elected Cheney was a major player, you should worry. Politics is ok, if politicians are backstabbing one another, but don't use the public as a pawn. I understand the coming administration is trying to talk down the expectation, not unlike a new CEO throwing all the dirty laundry in the 1st [or two] Q of his/her reign. However, that kind of accounting gimmack rarely affects the actual outcome of the business and cash flow etc. Politics is a whole different matter. By crying fire in the theater, the incoming administration may cause a stampede. This is an uncertain time, I don't see hurting the public now so to make the new administration looks like a cavalry is a smart move. If it is going to backfire, a lot of people will be hurt. So, like I said, Happy New Year <G> best, Bosco