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Politics : DON'T START THE WAR -- Ignore unavailable to you. Want to Upgrade?

To: ajax99 who wrote (16074)	3/5/2003 7:53:26 PM
From: Augustus Gloop	Respond to of 25898

At this moment I'm not sure there is much that can be done to help. Once some of the uncertainty is behind us I do believe tax cuts and other stimulus plans will take hold. I also believe that the lower rates will have helped people service their debt but we're going to all have to be careful going forward. We still have a huge party to pay for from the 90's. Many people spent as if the economy would never see another dip and so here we are. Thats not Bush's fault and it's not Clintons fault....It's our fault!

To: ajax99 who wrote (16074)	3/5/2003 8:04:22 PM
From: Lazarus_Long	Read Replies (1) \| Respond to of 25898

I've got to give you credit for saying that. Most on your side think the market went over a cliff in January 2001, rather then March 2000. Even when pointed out to them that the decline started before Bush took office, they claim it was because he WAS going to take office- -even though he did not even have the nomination in March 2000. Bubbles have BAD consequences when they burst. They leave HUGE amounts of unserviceable debt behind them that can drag on an economy for years. Companies and people who were part of the bubble economy suddenly are needed once the bubble collapses. And they have no place to get new money because other companies are cutting back because they have lost THEIR business. A bit more. The link in here have some good info on the effects of bubbles. Message 18652728 And, yes, GWB needs to do more about the economy. If you figure out what that something is that will actually work, let me know. This mess is so bad it's hard to see a path through it.