On Sat, 19 Feb 2005 11:36:53 -0500, JimH wrote:


"thunder" wrote in message
...
On Sat, 19 Feb 2005 09:17:49 -0500, P. Fritz wrote:


One of the reasons for the bubble was Clinton's income tax change
that
limited the deductability of wages in excess of 1 mil. The resulting
dodge (liebrals think statically and don't believe people will change
their behavior when presented with a new tax) was to grant executives
stock options instead of high wages, the result was the focus on
driving up stock prices without regard for what was best in the long
run for the company.......and the resulting bubble burst.


LOL, so now greed is Clinton's fault?

Why not? You blame everything else on Bush.

Nope, I've always thought Presidents are held more responsible for the
economy than is deserving. Presidents may be able to tweak the economy,
but controlling business cycles is a little out of their reach. However,
I do hold Bush responsible for the 1500 American lives lost in Iraq and
the 20,000 or so Iraqis killed. Oh, and I also hold him responsible for
his failure to bring to justice those that attacked my country. Perhaps
it doesn't bother you that bin Laden is still bin Missin', but it sure as
hell does bother me.