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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (92531)	4/1/2007 8:30:59 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 173976

Some people try to ignore the fact that the national debt has grown much faster than the economy.

To: Bill who wrote (92531)	4/1/2007 8:41:33 PM
From: Peter O'Brien	Respond to of 173976

yes, actually the naz is at the same price now (~2400) as it was in June 1999. only the speculative blowoff from 2400 to over 5000 that happened in nine months (June 1999 to March 2000) has not yet been recovered, and history suggests that it will be quite some time before that happens.

To: Bill who wrote (92531)	4/1/2007 10:20:39 PM
From: Lizzie Tudor	Respond to of 173976

So that means Carter wasn't responsible for the bad market in the 70s then? But anyway the tech bubble has nothing to do with the S&P really. Many S&P stocks including berkshire hathaway actually rallied during the tech stock bust. 10% per year is the NORM in the markets. As Elaine Chow said in the early part of Bush's term "the stock market is the ultimate arbiter" of Bush economic policy success. From the N.Y. Times: When the labor secretary, Elaine Chao, was questioned on CNN about the disappointing jobs report for January (112,000 jobs were created when 150,000 had been anticipated), she said: "Well, the stock market is, after all, the final arbiter. And the stock market was very strong this morning in reaction to the news that we have just received."