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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: JohnM who wrote (769)	5/9/2003 10:19:59 PM
From: unclewest	Read Replies (3) \| Respond to of 794397

I'm not certain just what the point of the dating of the bubble bursting is John, I think I can help with that. The NASDAQ dropped like a rock from over 5,000 in March 2000 to 2,300 and change a week or so before GWB took office in January 2001. Some folks would like to give Clinton and the democrats credit for that action and all of the negative impact it has had on our economy. Afterall it did happen on their watch. uw

To: JohnM who wrote (769)	5/10/2003 1:57:48 AM
From: KLP	Read Replies (1) \| Respond to of 794397

And don't forget the SEC, the Brokerages, as well as the accounting changes that were made during the 1992-2000 period.... PLUS the Economists' themselves didn't agree on the problem (and still don't as near as I can determine...) I think it is quite interesting to reread that October 2000 article.... read his list of reasons for the bubble... If we wish to go back and trace the blame for the bubble, which I'm willing but not eager to do, there is plenty to go around as between the Clinton administration, Reps and Dems in Congress, and more than a few criminal actors in the business world.