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To: Bobby Yellin who wrote (4344)	12/16/1997 6:09:00 PM
From: goldsnow	Read Replies (2) \| Respond to of 116756

Bobby, I do not mind expand at all, just do not want to deteriorate into Clinton bushing (entertaining but purposeless) Again individuals like Napoleon, Alexander the Great, even Churchill do make differences obviusly in economy as well. Individuals like Clinton (former Governor of little state are entirely irrelevant in eyes of history, even current) What happen in China or even Saudi Arabia has significantly more relevance than any decision or lack of it in Clinton's White House, unless God Forbid we have a crisis-than we are in real trouble asnobody can have confidence in Clinton's ability to handle it-and that what we elect President for. Your postulate that Presidents responsible for expansion, depression or recessions just do not reconcile with history (none is avoidable or could be postpone, in world economy just like rain or snow.. A sentiment, like in Gold is crucial in politics, if sentiment is of general Ridicule of American President than chance of world crisis is higher. The fact that Clinton inherited post-cold era does not enhance his credibility

To: Bobby Yellin who wrote (4344)	12/16/1997 6:13:00 PM
From: Dwight Taylor	Read Replies (1) \| Respond to of 116756

One of the reasons we have strong economic growth is the aging baby boomers. We are in the third wave of boomers buying power that will peak at age 49 in about 2005. At this age it is figured most have already made the big purchases--house, furniture, etc. The tendency after 49 is to decrease personal spending and to save for retirement.

To: Bobby Yellin who wrote (4344)	12/16/1997 6:48:00 PM
From: paul ross	Respond to of 116756

My thoughts on some of the reasons for the current boom: 1. Policies of Reagan administration (a la Larry Kudlow) - fall of communism, openning of world trade, deregulations of banking and other industries, tax cuts, trickle down, etc. 2. Corporate belt tightening- trimming employment, global competition, NAFTA- able to find cheaper labor throughout world. Layoffs have been the best thing for US, for every job lost 1 1/2 to 2 is created (it may be even higher). Also, labor unions loss of power. 3. Silicon Valley- the tech. revolution. 4. Action of FED, able to keep a relatively stable growth in money supply, not too restrictive or loose and low interest rates. 5. Clinton, for not doing anything to mess up things like health care, excessive new environmental regulations. Republican congress for keeping reigns in on new Clinton "investments". 6. And did I forget to mention Ronald Reagan.