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

To: Dan B. who wrote (12624)	10/16/2003 11:57:15 PM
From: Dayuhan	Read Replies (2) \| Respond to of 793590

technology, i.e. the QQQ, fell over 70% prior to GWB taking office(i.e. a steady decline during Clintons last year). Since this was the motherlode beginning of the fall, how DO you tie Bush to it? It is preposterous to pretend that either the market boom or the market bust could be attributed to Bush, Clinton, or any other politician.

To: Dan B. who wrote (12624)	10/16/2003 11:59:29 PM
From: Lizzie Tudor	Read Replies (4) \| Respond to of 793590

I was working in 2001 and early 2002, in the software business. We had a sharp correction in the markets but we had had many before, there was the 98 asian flu and the LCTM crisis remember? the Nazdaq has a license to fall even 60% at least in my view and remain on track for growth. In the spring of 2002 I thought we had another cyclical recession and we were coming out of it. I blame Bush for his relentless warmongering starting in the post 911 period, I do not blame him for any market returns. But the stagnation imposed on global business once Bush started with the axis of evil rhetoric and the initiation of all the wars was something we couldn't recover from. Companies couldn't sell anything and then offshoring started and we never recovered from that, even now. Offshoring could have started anytime from about 98-02, why did it take so long? One word- bush, the perpetual downer. Anyway I can see that you all love Bush here and that is fine. Bush does not have a huge majority behind him though so he will have to counter these arguments from people like me that look at the treasury and the job market and conclude that this is mostly self inflicted.