Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (366555)	3/5/2003 12:00:15 PM
From: Bill	Read Replies (2) \| Respond to of 769667

The economy wasn't so bad under Bush Sr. There was a mild recession that was over about a year before the election. By the time Clinto took over, things were humming along beautifully. The MALAISE I remember was Carter's presidency. Gas lines, odd-even days, 16% mortgages, 10% unemployment, 12% inflation, the misery index, the Iran hostages, etc.

To: American Spirit who wrote (366555)	3/5/2003 12:12:16 PM
From: Neocon	Respond to of 769667

I am merely correcting your factual assertion.

To: American Spirit who wrote (366555)	3/5/2003 12:19:26 PM
From: American Spirit	Read Replies (1) \| Respond to of 769667

Technically we aren't yet in a double-dip recession but it was reportedly the worst Christmas in 30 years and nobody out there is investing in much of anything. Retailers are biting the dust with few profit margins. Stores are closing. Mass layoffs (the White House stopped reporting out of panic) and balooning debt, sinking dollar, state budgets in crisis, 75 million Americans with no health insurance, school and medical budget cutting, overflowing prisons states cannot afford to keep up, even Bill Gates and Ted Turner are "suffering", losing 7-10 billion each in the last two years, and no doubt a widening population of poor and homeless. If not for military spending, the numbers would reflect this, and will do so even more now that real estate is finally starting back down to earth. Not a pretty picture, worse than Bush Sr's picture which otherwise is similar in some big ways, though GW started with a big surplus and Bush Sr. started with a big debt. We can do a LOT better, foplks, and the biggest problem is at the top (along with his advisors) who want us to remain in mass denial.