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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Alan Whirlwind who wrote (7146)	8/26/1998 3:43:00 PM
From: wooden ships	Read Replies (4) \| Respond to of 42834

I am wondering out loud whither the market goeth if Judge Starr's report to Congress proves so damning that impeachment must be undertaken. In this scenario, it would hardly surprise me if it were the Democrats, desperate to distance themselves from a tarnished Democrat president, who desert the sinking ship in droves and join the chorus for impeachment. Would not those Democrats who are concerned for their political future be inclined to seek an Al Gore over a thoroughly discredited Clinton? This hypothetical case then begs the question: would a Gore pres- idency seriously gore and bloody this bull given the nervousness and uncertainty his incumbency might evoke? How much does the market know of this man and his views? From what I can glean, it is known that Gore voted against both Reagan budget cuts and his tax cuts. In the Senate he opposed the balanced budget amendment and the line-item veto for the president. In 1990, the National Taxpayers Union's rated Gore as the "biggest spender" in the Senate. VP Gore orchestrated the so-called "E-Rate," now known as the "Gore tax," a tax imposed not by Congress but by the FCC on long distance telephone customers in order to wire all classrooms to the internet. Beyond the report that 80% of all schools are already wired for the internet, the GAO and members of Congress alike have expressed grave doubts about the constitutionality of this tax. Gore is also known as a staunch environmentalist and a darling of the Sierra Club, Greenpeace, and other groups of that nature. In his book, "Earth in the Balance", Gore asserts that the single great- est threat to the environment is the internal combustion engine and advocates a globally co-ordinated environmental policy. The "Una- bomber" apparently was much interested in VP Gore's ideas. A well- worn copy of Gore's book, replete with scribbled margin notes, was reportedly found in Mr. Kaczynski's Montana shack. It remains to be seen how comfortable the market will be with this man as president if that scenario should befall us.