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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (98811)	5/22/2003 2:18:09 PM
From: michael97123	Respond to of 281500

Divend tax was reduced to cap gains rate, not eliminated and cap gains tax was lowered to 15% from 20%. Buffett is just one voice. If nothing kicks in, and there is still worldwide overcapacity as you claim then we are going to hell in a handbasket. I would maintain from my experience in tech sales in the financial services arena that we are on the cusp of an upturn or at least I hope so. Also the stimulative parts of the tax cut are the $400 checks going out for dependent kids and the lower rates themselves and the write offs for capex for small companies.. They stimulate consumer and business spending. Sam, you are far into blame game politics. The bubble caused the bust. Clinton, Greenspan have some fault. The recession started there. History may judge bush alot better in economic matters too. Yes we had a mild recession that lingers but after 9/11 who wasnt predicting much worse. We have survived and this one measure of success. But you hate Bush too much to see that. Other than for his disgusting behaviour, i never had that animus to clinton policies. Every presidency is a mixed bag. And as far as the bubble/bust goes, maybe it was handled by clinton/gspan as best it could. mike