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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (30774)	11/5/2006 11:14:39 AM
From: Lizzie Tudor	Respond to of 57684

hey remember that BRLC TV company I was talking about, huge 25% move on friday. I don't own them. ahah.

To: Lizzie Tudor who wrote (30774)	11/5/2006 3:11:25 PM
From: greenspirit	Read Replies (1) \| Respond to of 57684

Oh jeez Lizzie, it's always based on politics in your mind. The truth is closer to the bubble economy of Clinton's last few years, busted as a result of exuberant hiring. It was a business cycle, not related to someone sitting in the Oval chair. Bush inherited an economy going into recession. It wasn't Clinton's fault the Democrats or the Republicans. It was a business cycle. The debate was what kind of policy prescription would help businesses recover from the bursting bubble. And tax cuts made sense. We recovered fairly rapidly from a historical standpoint and have continued expanding as a result of sound fiscal policy. Yes, the debt created by the economy going into recession and tax break need to be dealt with. However, we also needed to fund our men and women fighting a nasty war in both Afghanistan and Iraq and I would prefer we run up a short term debt in order to give them the tools necessary to do the job. Congress voted for the action, both Republicans and Democrats and they have continued to vote to continue the effort. So, we need to fund it properly. Besides, as a percentage of GDP, the debt can be handled if we're willing to deal with the problems associated with Medicare/Medicaid and Social Security. Unfortunately, the demigods have controlled the debate, where meaningful long term solutions are only a pipe dream. I would rather solve our long term fiscal problems instead of using them as political fodder. It's not the President's fault, it's not Democrats fault. It's the system, where the rewards for remaining in office favor the status quo of spending, spending, and spending. There is one simple solution which may make an impact. It's called term limits. Limit the terms and special interest money lobbyists scrambling to influence policy may be impacted.