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To: TGPTNDR who wrote (66033)12/20/2001 3:35:52 PM
From: bacchus_iiRead Replies (2) | Respond to of 275872
 
RE:"The innate good sense of our President(Though I'm sure there will be strong dissent to that last statement)."

Of course...

antiwar.com


In 1932 Franklin Roosevelt was elected promising a 25% reduction in the federal budget, an end to deficits, and the restoration of a sound dollar.

Within eight years the federal budget tripled, federal debt increased 155%, and the gold standard was repudiated – making the U.S. dollar a fiat currency.

...

In 2000 George Bush won the Presidency promising "limited government," reading the Constitution literally, and rejecting the concept of "nation-building" – the practice of imposing pro-American governments on foreign nations.

But once in office he produced a federal budget limited by nothing. And now he's making the Constitution an instrument of his own power – even as he imposes a new government on Afghanistan.

...


Gottfried getting more pessimist every day now...



To: TGPTNDR who wrote (66033)12/20/2001 4:13:28 PM
From: AK2004Read Replies (1) | Respond to of 275872
 
TGPTNDR
re: But for now, at least, I'm feeling cynical, and I have been for a while.
I was thinking that the market should have corrected few years back but it did not.

re: Senate's failure to follow Greenspan's prescriptions for financial health
I am not sure if Greenspan's policies have been sound either. It was beyond me why he was taking actions on minor corrections and I said so before on many occasions. Feds delayed the recession at the expense of severity.
Bush may swallow some of the excess of the capacity with his new military spending but I doubt it.

re: Low Oil prices
I like cheaper gas but I'd rather pay a bit more and have enron keep it's employees busy.

Regards
-Albert