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

To: Thomas A Watson who wrote (478740)	10/20/2003 2:15:41 PM
From: DuckTapeSunroof	Respond to of 769667

Re: "no global crisis next year and as President George W. Bush accepts his nomination to run for a second term...." Based upon such sound fundamentals, who can doubt it? "S&P stocks are selling at 33 times earnings. Nasdaq 100 stocks are selling, by one estimate, at 8 times SALES, and by another estimate for a P/E of 233. Houses are selling at over three times median income. Private household debt is financing 20% of GDP, and the debt is at record levels, both absolute and relative, in all of American history. Interest income has been slashed to negative real returns. Government deficit spending is exploding." Next year, the tax cut will save the average family about $700. But the U.S. government will borrow an additional $1500 per family.