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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (60013)	4/19/2008 1:34:51 PM
From: Katelew	Read Replies (1) \| Respond to of 542907

Some elements only. Not everything. Besides, I wonder with the changes in the world that have taken place, if Clinton would be as successful. Some jobs, including High Tech job, will never come back. China is more powerful today. Releasing oil reserves today would not have as much of an impact as it did then. And so on and on Good observation, Chinu. Clinton definitely had the wind at his back. That was a period of peak earnings for the baby boomers. Bill's fiscal responsibility kept shrinking the deficits such that the trend became clear and interest rates could steadily fall. Thus helping kick off a historical bull market which generated awesome tax revenues to the treasury. Now we have 78 million people starting to retire being replaced by grape pickers. If Bush had just left everything in place left to him by the Clinton administration, the Treasury would have money to assist the coming shortages that SS and Medicare will engender until the boomers die off and equilibrium is restored. In 8 years we've gone from high clover to deep s@#t.