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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (21423)11/6/2004 6:13:46 AM
From: S. maltophilia  Read Replies (1) | Respond to of 110194
 
<<earned capital in the election>>
That struck me as somewhat bizarre. Politicians make promises to draw votes. After the election they OWE favors to those that supported them.
But then, this is the era when folks think that loan proceeds are wealth, and therefore must be spent to increase wealth. So WTFDIK?



To: Elroy Jetson who wrote (21423)11/6/2004 9:56:54 AM
From: Jim McMannis  Respond to of 110194
 
RE:"Not even a 100% income tax would have kept up!
Spend he will. You can count on that -- and the Fed stands ready to print."

Bush took a page right out of the Democrat playbook. And the public was more than happy to take the money and run.
At this point the momentum is incredible.


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