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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?

To: IRWIN JAMES FRANKEL who wrote (13606)	10/29/2004 9:41:19 AM
From: Biomaven	Read Replies (1) \| Respond to of 52153

I tend to agree with IJ that some amount of deficit spending was appropriate. With interest rates near zero and massive deficit spending the economy still only barely recovered - with a more balanced budget it likely would have been a much deeper recession. But the more recent spending and tax bills have been pure pork.There's been absolutely no leadership from the administration - they just let Congress party. I also believe there's no way Kerry's economic plan is viable - there just isn't enough money to both cut the deficit and fund an expensive health care plan while just rolling back just a portion of the tax cut. My biggest complaint about Bush is that he's been a divider not a uniter. The country was united after 9/11, and it's now more divided than ever. It's not entirely his fault, but his partisan brand of politics has to take a big share of the blame. I've always thought this issue should have been the centerpiece of the Kerry campaign - with an amusing riff about the "hard work" of the presidency and the number of vacations Bush has taken to set it off. And of course the toughest economic issue that we face - what to do about social security/medicare in the face of changing demographics - nobody is going to touch. The Bush proposal (invest for yourself) would only make it worse. If we act now, the cut in benefits would only have to be very small - something like pushing out retirement a year-or-two twenty years out - but the longer we leave it, the harder it will be to fix. Peter