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To: StockNovice who wrote (1023)	9/14/1998 4:39:00 PM
From: Justa Werkenstiff	Respond to of 15132

MCurrier: Re: "I just was responding to a post that was off topic IMHO. It seems that the subject of the "Clinton Scandal" should have been for another Board. If I am wrong, then I am sorry." Whatever. The Drudge post was clearly on topic insofar as it could have an impact on the markets. Besides, look at the thread introduction. We say what goes ultimately. Unfortunately, many threads had an explosion of Clinton related political posts and there was no way I was going to be able to put a finger in the dike. Rhetoric such as yours ("What is the matter with everybody") did not help things.

To: StockNovice who wrote (1023)	9/14/1998 11:00:00 PM
From: Alan Norton	Respond to of 15132

Subject: Political Maneuvering And The Market What will happen with the U. S. President? This has been a question that the market has been trying to determine for the past few weeks with the publishing of the Starr report. Regardless of the outcome, the bulls would like to see a quick resolution. Recent statements by Mr. Clinton indicate that he is seeking atonement for his actions. While this conciliatory behaviour has been seen as positive for the markets by investors, both U. S. and foreign, his actions may indicate otherwise. With the release of the 73 page rebuttal by the White House and a very strong public stance by his lawyers, the battle lines have been drawn. Mr. Clinton will not go down without a fight. History is once again being played before the American public as it watches a president first in denial, and then in disgrace. For those of us old enough to remember, there was a period when President Nixon stood firmly in his role as president, only to succomb later to pressure to resign. Will history be repeated? Once again, the country is being divided into two sides - for the President and against the President. Once again we see the damage that can be done to the markets as uncertainty prevails in times of economic crisis. Looking for leadership, foreign markets find only a president of the United States that is fighting for his political life. While recent polls have indicated support for the president and hopes for a quick resolution have pushed the market higher, these hopes may be dashed in the upcoming weeks for several reasons. First, it is in the interest of the Democrats to prolong any action that would remove the president from office before January, 1999. The Vice President will be able to serve an additional term if the existing president is removed from office after January 20, 1999. Second, there is still the issue of the serious charges that the Starr report has levied against the president coupled with ongoing investigations into other possible scandals. There are still hopes on the Democratic side that the American public will forgive the President and urge members of the Congress to find an alternative solution. How this all plays out remains to be seen. The image is still fresh in my mind of an angry man as he addressed the nation to admit his indiscretions. If this is truly the equivalence of warfare on a political stage, who will be the losers? Clearly, a divided nation will lose as they bicker over who is right and who is wrong. Foreign countries will lose as the sole economic and military superpower of the world is mired in turmoil and disgrace. The U. S. markets will lose as precedence has been set by the impeachment hearings during the Nixon era. Hope springs eternal. My hopes are for a new year when this issue will be resolved one way or another.