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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: mistermj who wrote (218219)	2/13/2007 3:43:26 PM
From: michael97123	Read Replies (2) \| Respond to of 281500

Remember Enron as well as WCOM and the clinton buddies. The bubble burst has many folks both left and right to blame. Economics is an imperfect science and the knee jerk crowd on either wing doesnt really get how low marginal tax rates and low taxes on capital serve to grow the economy for all folks. In each period there are things that happen that are not productive because we follow this approach. But in the end capitalism is the worst system except for all the others. Thats what really eats at the craw of the socialists, even the nice ones like Kate.

To: mistermj who wrote (218219)	2/13/2007 4:21:16 PM
From: Katelew	Read Replies (1) \| Respond to of 281500

The stock market is not the economy. How do you get off blaming Clinton for the crash?? His own chairman of the fed. reserve, Alan Greenspan, kept warning about the 'irrational exuberence' of the markets. What could Clinton or any president have done? On the contrary, Clinton sucked money out of the private sector with his tax increases. At the same time he cut govt. spending, thus reducing that market stimulus. The market bubble was basically caused by demographics. The boomers were entering the savings years and massive cash flows were flooding in from IRAs, 401Ks, and private savings. You could see the quarterly market blips as mutual funds had to invest their new funds. Re-financings also freed up tons of money for the stock market. This then led to the dangerous market psychology of day trading and easy money.