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

To: Condor who wrote (895)	5/11/2003 6:27:00 PM
From: unclewest	Read Replies (1) \| Respond to of 794128

Condor, I thought my position was clear enough the first time. US Military officers are taught at every level of their training, and at every leadership school, that commanders are responsible for everything their units do and everything they fail to do. Some of us believe that standard applies to all levels of command including the Commander-in-Chief. All the investment literature I ever read clearly explains that the stock market is a reflection of the economy 6 months or more ahead. Not today, not yesterday...6 months or more from now. I pointed out in some detail that the market was in full crash mode, and the economy was beginning to crack just before GWB took office. If you want to blame the economic downturn and subsequent unemployment on GWB go ahead, it did happen on his watch. But to compare Clinton's economy to GWB's without giving similar due consideration to the stock market crash during Clinton's time in office and what it was predicting is not appropriate. Funny thing is if you ask most passive investors, they will tell you they lost their money under GWB...They don't realize that 80% of the market crash occurred under Clinton. Stimulating that belief is masterful work by the demos. I heard the beginning of a similar scenario on Fox Calamity and Holmes, a few days ago, when a senior Democrat was proclaiming the increases in military spending under Clinton. I couldn't help thinking here we go again. This individual was talking about the huge increase in military spending under Clinton. I recall that spending was flat one year, down dramatically for 6 years and up the last year. Pretty soon I expect to see attempts to convince us the demos were strong on defense and increased spending during those years. uw