To: amadeus who wrote (132241 ) 3/17/2001 11:39:00 AM From: Little Joe Read Replies (1) | Respond to of 769670 Amadeus: May I call you Wolfgang?? "...this market collapse seems to be a confidence crisis. the numbers just aren't that bad.. in comparison to the markets reaction at least." It has nothing to do with a crisis in confidence, it has to do with the bursting of a bubble. It was predictable and obvious that it would come and it will get worse. "..like I said before. its important for the president to show leadership, express optimism, and confidence about the economy present and future." No amount of jawboning and feel good prattle is going to stop this, the cycle has begun and I think a substantial tax cut could help soften the landing. Unfortunately, the proposed tax cuts are too little, too late and they will not help. "bush is being held accountable now for using negativity about the economy to get his tax bill. and it has eroded the public's and the market's confidence, and the confidence of other countries in the US." The market crash started in march - april of Clinton's term. Folks, let's be honest. It wasn't caused by Clinton or Bush, it is the result of as Alan Greenspan said "irrational exuberance". The bubble has burst, the piper must be paid. If it makes you feel better to blame Clinton or to blame Bush, I guess that's cheaper than psycho-therapy. As a Dem, I can say that there is a postive aspect to all of this. Since Bush is prez, he probably gets the blame, as things get worse and worse. I hope I am wrong about all of this. As an American, I hope Bush proves successful and earns another term. Doubt that will happen, but I truly hope so. It is folly to wish the worst on the Prez. Little joe