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

To: Sully- who wrote (388883)	4/9/2003 3:30:24 PM
From: Land Shark	Read Replies (1) \| Respond to of 769670

grub

To: Sully- who wrote (388883)	4/9/2003 3:53:28 PM
From: DuckTapeSunroof	Read Replies (2) \| Respond to of 769670

N_I_C_E S_P_A_C_I_N_G, WS, but what you posted ain't much of an 'argument' ...it's looks more like an unsupported rant. Re: "yes, it is quite appropriate to blame Slick Willie for the severe consequences of his Administration & the bubble they created while trying to create a false legacy of success. The excesses of his irrational exuberance with the economy & his monetary policies that fueled a runaway equities market gave us an unavoidable severe market downturn & the current bear market." >>> Firstly, you never even TRIED to explain how running balanced budgets supposedly produces "excesses" and "irrational exuberance", or "market bubbles". >>> That should be an interesting argument. >>> As to 'slick Willie's monetary policies' (not to mention his fiscal policies) they were considerably less 'Liberal' and more financially conservative than George Bush the Second's are... so if 'Liberal monetary policies' cause market bubbles... why ain't we got one now that we've gone WAY TO THE LIBERAL SIDE ON MONETARY POLICY AND SPENDING? >>> (I think what you must have really meant to say above was "fiscal policies" since everyone knows the Fed has primary responsibility for the nation's 'monetary policies', not the President. What monetary policy the President does make - though the Treasury Department, in consultation with the Fed - is more limited. But, to the extent that a President may have a monetary policy, Clinton and Rubin had a 'strong dollar' policy. The dollar gained in strength generally throughout that period... and especially so as federal debt was retired early. Bush II, on the other hand, has precided over a period in which the dollar has lost much strength.