Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: DavesM who wrote (435197)	7/29/2003 11:51:52 AM
From: Sedohr Nod	Respond to of 769667

The "repeal of the business cycle" phrase is a fine example of the fanciful rhetoric of the clinton years....Seems there was an ego bubble that kept pace with market conditions ... You are doing a good job....don't let the ignorance of others slow you down.

To: DavesM who wrote (435197)	7/29/2003 6:21:28 PM
From: Steve Dietrich	Respond to of 769667

<<Bush did not inherit one of the shortest recessions in history. The Q1, Q2, and Q3 of 2001 had negative GDP growth.>> Yes, -.6, -1.6 and -.3% Compare that to the previous Bush recession of -.7, -3.2 and -2%. The Reagan boom left a more than twice as severe downturn than did the Clinton boom. That's partially because Reagan's boom was running unsustainable deficits whereas Clinton was dramatically reducing them. In fact considering how long and robust the Clinton expansion was, it's remarkable how tame the recession. Although Clinton left Bush with a recession, he left him with low interest rates, low inflation, low unemployment and a virtually balanced budget. That's not bad. Bush is now setting the table for another deficit financed recovery. That's terrible fiscal policy. <<You seem to forget, that just three years ago, people were talking up the "New Economy" - and the end of the business cycle.>> I wasn't. It was Bush who was predicting surpluses as far as the eye could see when he came into office. Steve