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

To: gerard mangiardi who wrote (174994)	8/27/2001 5:47:34 PM
From: Neocon	Read Replies (1) \| Respond to of 769670

First, the impact of computerization on productivity is largely a '90s phenomenon. Remember, the PC had a capacity of about 2megs RAM or less during the '80s, and the Internet was not fully available to businesses for e- mail and such until the early '90s. In any case, inflation declined much too swiftly in the mid- '80s to show much correlation. Second, deregulation was the primary reason for the drop in energy prices, and again, the decline in energy prices was less rapid than the decline in inflation. Finally, although there was progress in trade liberalization, mostly you had major treaties negotiated in the Reagan or Bush era, and ratified under either Bush or Clinton. Thus, again, the effects of liberalization mainly were felt in the '90s, rather than as part of the Reagan recovery. To put it bluntly, the things you are citing are the reason for robust growth and low inflation under Clinton, and they were largely the legacy of the Reagan and Bush policies......