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To: Secret_Agent_Man who wrote (239983)5/9/2003 11:25:38 PM
From: Secret_Agent_Man  Read Replies (1) | Respond to of 436258
 
Or, maybe, all this bullishness is because it is commonly accepted that Bush will do anything and everything to make sure that the economy is perking along in time for the elections in 2004 so that he can win re-election, and that somehow means that shares will be worth more. We already know that the damnable Fed will do anything and everything stupid as far as it can, and the Congress is deficit-spending like there is no tomorrow, too. So all we needed, according to the bulls, was Bush pushing for what he terms a "bold plan." I have no idea how in the hell the Bush people can come up with something that is bolder, if bold means "committing almost-certain suicide in pursuit of a transitory goal," than what the Fed and the Congress are already doing. I didn't even know that there WAS anything beyond monetary and fiscal insanity! But, perhaps these three things WILL produce a revived economy. Unfortunately, all of these have been tried many times before in history, and they have failed every time in history, with the latest experiment being Japan, where it has failed for fourteen years in a row, so I am not holding my breath.

mogambo

dailyreckoning.com