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Pastimes : THE SLIGHTLY MODERATED BOXING RING -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus_Long who wrote (18156)	7/24/2002 9:28:08 AM
From: Dayuhan	Read Replies (2) \| Respond to of 21057

I think Mr. Clinton had more than just a little to do with that. He wanted it and he benefited from it. He reveled in the the "wonderful" economy it brought, remember. If he was a victim, he was a very willing victim. Very true, and I'd be the last one to call him a victim. He didn't create the bubble, but he wallowed in it and made no effort to control it. The opposition did not make an issue of this failure, though they could and probably should have. If they had, they'd have a lot more standing to comment on the issue now. "pretending that they were getting rich through their own wit"? In fact, a lot of them were doing precisely that. There was an explosion of technical innovation during those years. Absolutely. I wasn't trying to suggest that nobody got rich by their own wit during those years. Many did, and many deserved to get rich. I suspect that those who did came from all points in the political spectrum, though the cynic in me is inclined to guess that most were Democrats before they got rich and Republicans after. There were also many people who got rich purely by playing the bubble, and many of these were quick to proclaim themselves geniuses of finance. These, I think, are more likely to have been Republicans, only because it takes money to make money on the markets, and Republicans generally have more of it than Democrats do. Of course most politicians will not make a stink about policies that are making money for them and for many of their constituents, even if they know these policies are destructive in the long run. That's why the opposition spent the Clinton years talking about blow jobs instead of economic policy.