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: phyxter who wrote (443188)	8/14/2003 11:16:36 PM
From: RON BL	Read Replies (1) \| Respond to of 769667

And your impression of Grey Davis in California please. He was to be the next Democrat president and his policies are 100 % down the Democrat mantra.

To: phyxter who wrote (443188)	8/14/2003 11:21:22 PM
From: RON BL	Read Replies (1) \| Respond to of 769667

The problem with GW is that he is a big spender much like Lyndon Johnson. Yes pro military but he hasn't met a program he won't fund in order to get re-elected. He is using the Democrat play book. Buy their love. He is a socialist and socialists believe in growing government. He just isn't your kind of socialist because he doesn't wallow in the dirty and worship the UN.

To: phyxter who wrote (443188)	8/14/2003 11:24:53 PM
From: jimcav	Read Replies (1) \| Respond to of 769667

I just got my power back and have to get things back up and running. Interesting post. I agree some of the Bush economic ideas are questionable at this state of the game. As far as how to temper the upswing, it is my belief that the real driving force behind the boom was the huge credit/debt expansion, and that monetary policies less lax would have been able to slow the pace of debt growth, ideally preventing the need for the impending implosion. Until the debt excesses have been wiped clean, it seems to me that it will be extremely difficult to begin serious economic growth again, and we will see many false starts prior to the ultimate collapse. Record levels in personal debt/income, debt/savings, debt/net worth and corporate increases in debt during a time that historically companies pay down their debt (the boom) would have been the areas to target IMO. "Easy money" extended the boom and will deepen the bust. Certainly not areas easily altered by the gov't, but I don't see any effort what so ever, besides for a few late comments (and not a single policy move) by Greenspan warning lenders of the increased risk they were facing. (too late at that point)