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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (131805)	2/7/2001 2:42:27 AM
From: hmaly	Read Replies (2) \| Respond to of 1571204

Ted Re..Behind all that, the main reason for high interest rates was the huge deficits the gov't was running...they had to print $$$ to keep up and to take $$$ out of circulation to finance the debt.<<<<< I see you are joining Scumbria in revising history. The high interest rates came about before Reagon took office. In fact in early 1978 when I financed my house the interest rates were at 9.25 %. by 1979 they were over 11% and rose in 1980 to 13%. All were before the big deficits of the Reagon yrs. Within 2 yrs the interest rates started dropping even though the deficits were still quite high and kept on dropping until 1995 as I refinanced my house about then down to 7%. The interst rates started going back up to over 8% when AG raised the rates, but have dropped back down in the last yr or so. The deficit remained well over 190 Billion for the first 4 yrs of the Clinton presidency at a time when the rates were the lowest in 25 yrs. It was thought at one time that high deficits did cause high interest rates because both gov. and business would be competing for the same money, but if you look at the deficits for the last 30 yrs you can see there is no correlation. in the Clinton years because he knew what he was doing <<< Hmm thats odd. I thought Clintons main defense in the whitewater thing , and the Monica thing and the Paula Jones lying case, and lately in the Marc Rich pardon was that Bill claimed he didn't know what he was doing. Bill claimed he didn't even know what the definition of the word "is" meant. Maybe you two ought to get together and corraborate your stories. Clinton was a Rhodes scholar and Bush is road runner...it makes all the difference in the world when running a country.;~)) One certainly would think that would be the case. However, if you look at the last 2 wks; Bill has looked tacky and greedy while GW has had a great 2 wks. Go figure. Where do you think the term, bush league, comes from? No I don't know where the term came from, but I did play in them 40 yrs ago. That also happens to predate GW's presidency by 40 yrs. Why do you think there is a connection and could you provide a link. Frankly I think you would be wise to hold off on your criticism of G W's presidency until you actually have something to criticize. He hasn't even been in office 2 wks yet. Give him a chance to screw up and then criticize. You will be more believable that way. Right now you just sound like another sore loser. By the way, GW took a drug test and passed today. When are you going to apologize for saying or implying he did drugs? When will you be able to say Bill is clean?