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Politics : HOWARD DEAN -THE NEXT PRESIDENT? -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (519)	11/20/2003 1:21:19 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 3079

I believe there is now a professional, well-trained elite, supported by large institutions, that is adept and willing to use corrupt practices to accumulate wealth. I don't think so Ray. If you look at what happened in Silicon Valley in the 90s when everybody got rich, people started voting to RAISE taxes and improve the long suffering infrastructure. I'm not saying there was no fraud, don't get me wrong, but a lot of what people characterize as fraud was just stupidity on the part of local CEOs and mgmt. Henry Waksal for example said he engaged in insider trading because he had a margin call. Same with Bernie Ebbers, these guys believed in what they were doing and were wrong and then committed fraud as an attempt to stem their demise (didn't work). That is different than entering into something with an intent of screwing everybody else (although there most definitely was some of that). My personal view is that the investor class, which is a new designation that has its roots in middle class (not the rich), is the evolution of the old yuppie group, and these people are Howard Deans largest supporters. Most in the investor class had more money under Clinton vs. Bush. Its hard to make money under Bush. My hope is that the democrats embrace capitalism in the next election and make a distinction between Bush's brand of capitalism and the Clinton kind. Clinton was a builder, Bush is a theif, that is my view and I would know because I am a member of the "investor class".