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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: habitrail who wrote (912)	6/29/2002 10:18:42 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

enormous difference between shorterm editorial opinion and historical opinion from cold writers looking back Kennedy was considered a Camelot King for years Volker was vilified for years, unduly it sorts itself out watch as the damage of the unwinding Strong Dollar policy wreaks havoc in time, the original policy itself will be called into question Nixon's Wage Price Freeze was for years regarded as necessary later it was called a "kindergarten insult" for laws of supply & demand Reagan's deregulation of Savings & Loans was first thought to be a stroke of genius later after $300B in federal RTC bailouts, it was seen a disaster Clinton's Detente Policy regarding old communist powers was for years regarded as appropriately exploiting the "peace dividend" now he is seen as naive and careless to Islamics and Chinese opportunists California's stupid socialist price caps for energy were originally blamed now their policy is repeated in neighboring states as the blame has been ignorantly assigned to Enron et al the western world's abandonment of gold-backed money was universally regarded as expedient for socialist, militarist, and financial pursuits in 15 years many will see how it ushered in a New World Order that nobody can shake maybe we will be too busy with tyrants to be able to look back the Federal Reserve has been viewed as saviors, sidestepping the vagaries of boom & busts now it is receiving extreme scrutiny but dont expect enlightenment by the financially illiterate give time a change America loves to point fingers and assign blame rather than fix problems but sometimes they get it right if given a chance to look back calmly / jim