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

To: Raymond Duray who wrote (3892)	8/5/2002 10:22:19 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

dont look now, but CSCO down 25-30% since July15th and JPMorgan is back in critical zone, near 22 JPM's bounce is over I wonder if they have exposure to Uruguay banks? probably I love the disguised downgrade by Lehmann of JPM from "strong buy" to "avg weight" they can probably look you straight in the eye and say they are not downgrading JPM / jim

To: Raymond Duray who wrote (3892)	8/5/2002 11:33:24 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

pulse: US$ 106.8, gold #308.6, HUI +3.6%, XAU +1.3% >>>>> we have seen the XAU penetrate the 200day MovingAvg lately but the HUI goldbug index has bounced off its 200MA gold metal has held its longterm MA's also I suspect some technical damage is being done to the XAU traditional gold index, from all its resident heavily hedged member stocks undermine it that, or else I am full of misplaced hope in gold's return to lustre we are seeing a tighter correlation daily and intraday between the USdollar and the S&P/Dow indexes extreme overbought and oversold conditions have been resolved heard on news today that Ted Turner's fortune from cable biz sale to Time Warner has gone from $8.5 billion to about $1.0 billion, down 85% tough times, Ted might have to cut back on those UnitedNation charities but keep up the 100,000 acre wildlife preserve work we must keep the restaurants supplied with buffalo meat / jim

To: Raymond Duray who wrote (3892)	8/5/2002 11:41:58 AM
From: Jim Willie CB	Respond to of 89467

bad econ news to rain down steadily, timed with Perseids /jw

To: Raymond Duray who wrote (3892)	8/5/2002 12:23:47 PM
From: stockman_scott	Read Replies (1) \| Respond to of 89467

From the Drudge Report: Proposals Were "Everything We’ve Done Since 9/11" New York – A bold plan for the U.S. to attack al Qaeda was delayed by a Bush administration "policy review process" and was approved just a week before September 11, a TIME special report reveals. The plan, developed in the last days of the Clinton administration, was passed along to the Bush administration in January 2001 by Clinton National Security Adviser Sandy Berger and Richard Clarke, a career bureaucrat who had served in the first Bush administration and risen during the Clinton years to become the White House’s point man on terrorism. In the words of a senior Bush administration official, the proposals amounted to "everything we’ve done since 9/11." Time's special report offers the fullest account of how ambitious the plan was, and how the Bush administration delayed the plan. Time Article: The Secret History Long before 9/11, the White House debated taking the fight to al-Qaeda. It didn’t happen—and soon it was too late. The saga of a lost chance By Michael Elliott time.com "Blame Clinton" Narrative Refuted by Time Article Bush's Vindictive Anti-Clinton Obsession Led to 9/11 Tragedy From Josh Marshall's Talking Points Memo: talkingpointsmemo.com The authors of this Time article go to great lengths to be fair to the Bush administration. But the upshot of the story is still pretty devastating. In the early months of the War on Terrorism we heard a heroic tale: the Bush administration had inherited a dawdling and feckless anti-terrorism policy from their predecessors. Through 2001 they were in a headlong rush to bring the country up to speed but couldn't quite make up all the lost time before the terrorists struck. Let's call this the Andrew Sullivan version of events. The truth was rather different. By definition some things didn't get done that should have been done in the late 1990s. But the out-going administration left its successors with a fairly detailed action plan for attacking al Qaida. Presidential transitions are unavoidably disorienting affairs. But there were more specific reasons the plan didn't get acted upon. The Bush team a) was more concerned with missile defense than terrorism and b) was unwilling to adopt a Clinton era plan until six or seven months had been spent repackaging it as a Bush-era plan. And therein lies a tale.