To: GROUND ZERO™ who wrote (3833 ) 2/21/2003 8:06:49 PM From: Don Earl Read Replies (4) | Respond to of 8683 <<<These markets topped out in March of 2000... that's when the economy began to fail, in March of 2000, during Clinton's administration, and why is that?>>> In March of 2000 the markets hit a record high and the economy was in as good of shape as it's ever been. Unemployment was just over 3%, weekly jobless claims were under 300K, natural gas was trading in the low to mid $2s, a gallon of regular was under $1.10, productivity was strong, the trade gap was small, wages were keeping up with low inflation, deficit spending was a thing of past administrations, consumer confidence was at record highs, we enjoyed good relations with our trade partners, etc., etc., etc. The only real problem was the 8 years of careful administration that dug us out of the last recession created by big Bush was about to come to an end. You can see from the chart that the Dow didn't actually reverse until mid 2001. Up until that time it was range bound in an area between roughly 10,000 and 11,500. By mid 2001 skyrocketing energy prices, combined with illegal tariffs imposed on imported raw materials, were causing drastic cost cutting measures by manufactures, including massive layoffs. A gallon of regular was hitting close to $1.70, natural gas had hit an all time high over $9, weekly jobless claims were over 400K and States were raising taxes like mad trying to make up the short falls from the Bush tax cuts at the Federal level. Tax cuts without cuts in spending is a formula for disaster. In spite of lowered tax revenue from steadily increasing unemployment, the Bush administration continued to spend money like coke whores on welfare payday.finance.yahoo.com ^DJI&d=c&k=c1&a=v&p=s&t=5y&l=on&z=m&q=l I'm sorry if I hurt your feelings by not responding to your post earlier, but I thought you were just trying to make a joke. I especially liked the part about Clinton cooking the books and assumed it was whimsey since you couldn't possibly have expected anyone to take it seriously. I smiled and moved on and it wasn't my intent to cause you to feel rejected or insecure.