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

To: gerard mangiardi who wrote (645603)	10/15/2004 4:01:52 PM
From: Bill	Read Replies (1) \| Respond to of 769670

Why did the Nasdaq drop 60% in Clinton's last ten months?

To: gerard mangiardi who wrote (645603)	10/15/2004 4:03:49 PM
From: Emile Vidrine	Respond to of 769670

FISCAL 05 STARTED OCT 1 BUT BUSH HAS NOT BUDGET 2005 Budget year started on Oct. 1 but still Bush has not presented a 2005 budget. Bush has orderd the Republican majority in Congress to authorize status quo funding as a stopgap until after the Election. The deficit is obviously MUCH larger than the Bush Administration admits and he wants to wait until after the election to break the bad news to the American people. $416 BILLION AND COUNTING!

To: gerard mangiardi who wrote (645603)	10/15/2004 4:06:54 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 769670

Good questions, let's see if I could help to clarify here... you ask three questions... First, why are all the major market indices lower than when W took office? 1) These markets are still working off their over bought condition, which topped out in March 2000, and long before Bush took office... also, 9/11 cost us at least one million jobs in one day... also, the weaker U.S. Dollar, which is designed to increase foreign sales, scares foreign investors, this is cyclical and predictable as part of the normal business cycle... Second, why is oil so high? 2) Oil is high now because China is using record levels and the recent four hurricanes within a five week period shut down all the drilling platforms in the Gulf of Mexico... this caused a backlog in demand, this is temporary... Third, why is economic growth slowing again? 3) Economic growth should slow because of higher energy prices, it's a natural market reaction... this cannot be blamed on a government policy or on any one individual... these are market forces at work... Liberals may not like these answers, but these answers cannot be refuted with facts to the contrary, and none can be blamed on Bush... GZ