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

To: gerard mangiardi who wrote (266827)	6/25/2002 2:28:07 PM
From: DuckTapeSunroof	Respond to of 769670

Don't forget that Communism did the bulk of the heavy lifting in defeating itself... in that Communism turned out to be not the most successful of economic systems :) Rotting from the inside-out is right.

To: gerard mangiardi who wrote (266827)	6/25/2002 2:33:23 PM
From: gao seng	Read Replies (1) \| Respond to of 769670

You lie. Clinton didn't work to defeat communism. As for the market, LOL! I predicted it would do this, doncha know!

To: gerard mangiardi who wrote (266827)	6/25/2002 3:14:56 PM
From: Neocon	Respond to of 769670

I continue to assume that the fundamentals of the economy are good. I give Clinton some credit (for example, in pursuing NAFTA and GATT), but I note that economic growth was modest until Clintoncare was defeated, and the Republicans captured Capitol Hill. I also note that Reagan started the whole thing, and even with Clinton's tax raising, marginal rates remained below 40%. Since there is nothing that says that the business cycle has been "revoked", I do not necessarily blame Clinton for the recession. I would just point out that given the lag in economic policy taking effect, if it belonged to anyone, it belonged to him. The stock market is a different matter. It was obvious that the market was on a dot.com, high- tech mania a long time ago, that stock prices in those sectors were unrealistic, and that there was going to be a difficult "correction" eventually. Clinton exacerbated the problem with his cheerleading, and Greenspan went overboard with easy money policies, which made the bubble expand even further and made the correction more horrifying when it came. The market started to jitter during the summer before the election, and insecurity about the election and how things would turn out finally took their toll. Finally, the bubble burst.......

To: gerard mangiardi who wrote (266827)	6/25/2002 4:11:41 PM
From: WTSherman	Respond to of 769670

Bush Market Continues To Roll!!! Dow down to 9126!!! Like father like son, economy crumbles while Bush sleeps!!! Reuters Business Report Stocks Extend Losses on Earnings Worries NEW YORK (Reuters) - Stocks reversed course and extended losses in late trade on Tuesday on deep-seated worries about the outlook for corporate profits despite some pleasant surprises from heavyweights such as DuPont Co. (NYSE:DD - News). ADVERTISEMENT The market's early gains began to erode shortly after midday, however, pushing the technology-laced Nasdaq Composite Index (NasdaqSC:^IXIC - News) down 37 points, or 2.54 percent, to 1,423. The Dow Jones industrial average (CBOT:^DJI - News) slipped 119 points, or 1.19 percent, to 9,161, after rallying more than 1 percent. The broader Standard & Poor's 500 Index (CBOE:^SPX - News) lost 13 points, or 1.39 percent, to 978. Blue chips and technology stocks did an about-face after an early rally attempt, faltering under a new yoke of bleak earnings news from companies such as Quantum Corp (NYSE:DSS - News), the tape data storage maker. Quantum fell 49 cents, or almost 10 percent, to $4.46. The earnings warning from Quantum weighed on sectoral issues such as Brocade Communications (NasdaqNM:BRCD - News), down $1.08 at $18.34. Big decliners in Tech Land included Yahoo! Inc. (NasdaqNM:YHOO - News), down $1.46 at $13.62, or 9.6 percent. The selling hit well-known names and once high flyers such as Lucent Technologies Inc. (NYSE:LU - News), after investment house Morgan Stanley said it downgraded the networking equipment and wireless infrastructure sectors to "cautious" from "in line," and cut Lucent to "equal weight" from "overweight." Lucent fell 26 cents, or 11.4 percent, to $2.02 in active trade. The Dow was weighed down in large part by the actively traded shares of Philip Morris Cos. Inc. (NYSE:MO - News), which lost more than 4 percent, as the shares of other big U.S. tobacco companies fell sharply for a second day running partly due to concern about a series of recent court rulings against them. Philip Morris lost $2.11 to $46.69.