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

To: Jim Willie CB who wrote (4700)	8/16/2002 5:19:03 PM
From: Sully-	Read Replies (1) \| Respond to of 89467

"Clinton probably figured that when the debt cost rose, when the strong dollar reverses, his successor would be blamed by all the economic-illiterate politically-motivated numbnuts, of which there are legions" Uh huh. No doubt a person such as Clinton, who could parse the word 'is' with a machete in order to deflect guilt, surely understood the value of perceptions vs reality when making such short term decisions.

To: Jim Willie CB who wrote (4700)	8/16/2002 6:19:19 PM
From: surfbaron	Read Replies (1) \| Respond to of 89467

JW: <<<<the USGovt has done the same thing as corporations they have swapped from longterm debt to shorterm debt (fully described by Pimco's Bill Gross -- very handsome man>>> amazing so few people caught this in the mid 90's. too worried about stock options. I was unsure how they carried it out until your writings on the gold carry. then it made perfect sense. but I think we owe GreenEggs&Ham some reprieve. his hands were tied. since 94 his sole function has been to facilitate the demand for the long bond. tough duty.