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

To: Zoltan! who wrote (130091)	3/2/2001 5:14:35 PM
From: Nadine Carroll	Read Replies (1) \| Respond to of 769667

I knew you'd been reading the WSJ op-ed page! Try reading the newspaper; the reporting staff has a much closer connection to reality. They rose during the first two years of the Clinton Administration; then they started falling in November of 1994 (when a Republican Congress was elected) and continued to fall until 1998 Let's see, it takes 18 to 24 months for the effect of any Federal budget to begin to be felt, so the 1993 Clinton budget could not possibly show any effect until late 1994. But wait, we must not forget the editorial rule "Clinton = All Things Bad" so no good can ever be attributed to anything he ever did. The mere sight of Newt Gingrich as Speaker must have been enough to effect the drop in interest rates. Yeah, that's it. Don't quote Bartley to me. I read enough of his rants as it is. Now, can you find any actual reporting on the credit markets that says that the $200 billion or so per year that the Federal Government used to borrow was too insignificant to affect interest rates?