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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (96592)	7/20/2002 11:09:42 PM
From: sylvester80	Read Replies (2) \| Respond to of 99280

What I'm saying is that Bush's policies pushed us deeper into this general econo-geopolitical mess we are in, rather than help us out of it. BTW, all the sins you described started long time ago not just in the last 10 years. cbs.marketwatch.com "Other theories involve a Washington-based scenario, such as an overreaction by Congress to the Wall Street problems with excessive legislation, or a surprise revelation that leads to a dramatic shakeup in the Bush government and rocks American and international confidence in the president's ability to maintain power. I wrote seven months ago that the Enron scandal would be President Bush's Whitewater, and worse, arguing that it would expose in a series of bombshells how the Texas business elite work together to secretly rig the game against small investors and average employees to increase their own power and profits. But while the Whitewater scandal was never more than a sideshow for the Clinton team, the corporate calamity and ensuring plunge in confidence that has resulted from the Enron scandal is now the major issue of the Bush presidency, overshadowing even the war on terrorism and threatening the Republican's grip on the House in November. Hearings on Vice President Cheney's role with Halliburton (HAL: news, chart, profile) and continued shockers about Bush's role with Harken are the last thing this market needs right now. I know. I know. It was all Clinton's fault. Spare me the e-mails. The fact is that whoever's fault it was, Bush remains unable to fix it. His tax cut was a disaster, enriching a few and giving the rest of us just enough to take a family of four to a baseball game (if they're not on strike). But it was no help to the economy at all. And while he's gotten real good with the harsh rhetoric since Sept. 11, like a boss who screams one too many times, the effect of his words has now worn off. So I guess we'll just have to bring Clinton back, or a reasonable facsimile thereof . Or, Bush could restore Wall Street confidence, boost his flagging approval ratings and defeat the Democrats in November by taking decisive action. First, fire Harvey Pitt. The head of the Securities and Exchange Commission has become a liability, no matter how hard he is working. Then, fire Army Secretary Tom White, clearing out any scent of scandal from Enron. Then, he should silence Cheney -- or put him back in a bunker or something -- and follow his own gut about how to clean up corporate America. Make it clear that it he, not the vice president, is running this show. And finally, clean up the government's own accounting mess. The government's books -- and this is everybody's fault -- are run in a way that makes WorldCom look like a corner lemonade stand. "Congrats, son. You just made $3.47 selling lemonade (and it only cost me $17 to buy the materials). That's just how they do it in the real business world." The accounting shuffle to make Washington work has always been awe inspiring in its complexity and deception. No wonder corporate America's best and brightest are seeking to emulate it. No wonder the dollar is in such trouble as international confidence evaporates. So as we hold our collective breaths for somebody to take the lead in this mess, the clock in the markets continues to tick toward the final panic. Program trading has reared its ugly head again, sending the Dow up or down hundreds of points in minutes, just like before the 1987 crash. The wheels are about to come off. Capitulation? It will happen when the last shred of confidence in business and government is gone. It will happen when a whole generation simultaneously walks out on the stock market for the last time, like in 1973 and 1974. It will happen soon. And it will be a great buying opportunity."

To: SOROS who wrote (96592)	7/20/2002 11:54:54 PM
From: Jack T. Pearson	Respond to of 99280

I don't buy this "devil made me do it" bulls***.

To: SOROS who wrote (96592)	7/21/2002 12:48:39 AM
From: Win-Lose-Draw	Respond to of 99280

under Clinton's EXAMPLE not too many folks are going to hold up Clinton as a paragon of virtue, but in a historical context his adminstration was pretty damn benign. johnson and nixon killed over 60,000 americans between them and lied through their teeth about it. that is evil. clinton is small potatoes.

To: SOROS who wrote (96592)	7/21/2002 4:49:36 AM
From: XenaLives	Respond to of 99280

Let's get real here... Why stop at Clinton's example? Go back administration after administration, moral compromises were made. It's the nature of the system. You can't get to the top without selling your soul. The only difference is that the press took the gloves off after Watergate. What was off limits before is now acceptable journalistic gossip. This country doesn't have a moral attitude - if by that you mean an attitude reconcilable to the One... This country lives and dies by the social status quo. We will be in moral purgatory until leaders in the business and political world say "the Hell with it" to popularity and focus on what is right and what is best for the country. Of course, if the electorate doesn't mature at the same time that might get them voted out the next term, but that is the risk a leader should take. You say "But there was a MAJOR shift in the moral attitude of the entire country when its leader absolved all "sin." And it was DIRECTLY tied to MONEY" What, pray tell, does diddling Monica have to do with money? Any compromises previous administrations have made pale when compared to the absolute prostitution the current administration has committed. They have prostituted the electoral system, and they have a clear record of prostituting the economic system. At the risk of being undiplomatic - we need to get the whores out of the White House and the legislature before we can clean up the system.