Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : THQ,Inc. (THQI) -- Ignore unavailable to you. Want to Upgrade?

To: jttmab who wrote (8920)	12/8/1998 7:37:00 PM
From: Jeff Bond	Read Replies (2) \| Respond to of 14266

I gotta chime in here... 1. Thats because democrats controlled both houses during Reagan-Bush years; balanced budget credit belongs with house republicans. 2. Oh man, Democratic house would NEVER have even considered THAT ONE. 3. Clinton had as much to do with that as Margaret Thatcher. 4. Mainly a result of efforts of George Bush & Gulf War outcome. 5. Bush brought NAFTA & GAAT forward, house republicans gave them Clinton. 6. I hesitate to call any government mandate an accomplishment. 7. Pricincles no longer count in our society, that's sadly true. Basically, your list is indicative of this president, claim victory for what was truly accomplished through the hard work of others. Below the shallow veneer lies the particle board of which this presidency is built on. No offense to you, but these accomplishments truly lie for the most part propery with the house of representatives. The house & senate make law, the president simply signs the paperwork. I saw that price action, and your characterization is a very good one. I noticed the bid/ask size was also all over the map today too. Many large bid sizes seem to suggest there are larger players still willing to enter the game :o) Regards, JB

To: jttmab who wrote (8920)	12/11/1998 12:10:00 PM
From: Jim Willie CB	Respond to of 14266

Nickel, nice list of relatively trivial accomplishments... You cannot be serious about #1 (Balanced Budget)... Reagan Star Wars and Trickle Down Nonsense resulted in huge deficits... Bush fixed many of them and put spending on track, realized a few years later, but blamed on Bush anyway... Bush responsible for not admitting mini-recession and crazy "read my lips, no new taxes" We have 20-30 years of blaming the current president for problems set into motion by predecessor, or of crediting the current president for successful policy set into motion by predecessor... see Ford years of stagflation following Nixon wage-price freeze fiasco which crippled supply... see Bush years of recession following colossal spending deficits by Reagan ("I am not in charge") Giving Clinton credit for Balanced Budget is like giving credit for the sunrise to a landscape artist... Do you think reducing US military budgets by 30% since the Berlin Wall collapse and disintegration of USSR had any impact? 90% of credit for balanced budget goes to US economic expansion, and staggering capital gains tax receipts from sellers of THQ stock, NOT Clinton or Congress... Maybe 70% to economy, and 30% to Greenspan... Maybe share the credit between economy and Fall of the Wall and communism, which unleashed powerful supply forces... have you checked the price of oil lately... did I see sub$10 Brent Crude listed Federal Reserve has long history of causing recessions, or worsening recessions... several times they have raised interest rates too high just when the economy is about ready to expand again... Greenspan is first in decades to respond to short-term Treasury market, thereby allowing free market to set policy... this autumn Greenspan and the Fed responded very slowly (about 4 months late) to free market, which screamed that deflation was hurting world economy... the slowness resulted in a 20% stock market correction that began when two things happened 1) Greenspan mentioned tightening bias despite inverted bond yield curve 2) US and Sec Rubin started buying JYen... the best Fed is a Fed that does a minimum of thinking and a maximum of following the short-term Treasury market... why is Greenspan considered a genius for doing nothing (letting market set rates) and resisting Fed hawks? I contend Fed governors are a bunch of crustified inflation fearmongers who are living in the 1970's why not add to Clinton list the Development of Viagara / Jim Willie