"NOYB" wrote in message
nk.net...

"DSK" wrote in message
. ..
"They" being the Republican-controlled House and Senate.

Thank you for making my point...

How come they are doing so much worse under President Bush?


NOYB wrote:
Bush inherited an economy that saw sizable layoffs and a huge drop in
the stock market in 2000...clearly indicating a shrinking economy.

That's a laugh. The 1990s were the biggest growth in economic history...
the longest sustained business boom in peace time... EVER.

Year 2000 wasn't the 90's. But it was the final year of Clinton's
presidency.



Do you genuinely believe it's all Clinton's fault?

I believe the irrational exhuberance that existed in the markets *was*
Clinton's (and the media's) fault. We were led to believe that everything
was just rosy, that we had no outside threats to our safety (because they
pursued terrorists as criminals instead of nation-state sponsored), and
that economy wasn't showing signs of slowdown. Of course, the data from
2000 all came out in the wash in 2001.

Not to mention the Clinton cap on exec's salaries deductions, and the turn
to stock options as compensation for top employees....That in turn led to an
emphasis on driving up stock prices.

Bush was able to correct part of that through the reduction in the dividend
tax.



If so, do you think the rest of us are stupid enough to believe it?

Yes, I think you're stupid...but that's besides the point.


How come five years of the wonderful Bush Administration *still* hasn't
restored the economy & the stock market to what it was prior to 2000?

The economy is great. Unemployment is low, and GDP is up. The stock
market is undervalued IMHO. People got burned by the corporate accounting
scandals and irrational growth from the dot-coms and IPO's...and turned to
a safer investment: real estate. Real estate is the new millenium's new
stock market.



When will you start pointing to all the great accomplishments of
President Bush, instead of blaming others for stuff that he seems to have
screwed up?

Besides the short recession that he helped us recover from, and the
democratic elections happening in Afghanistan, Iraq, Egypt, and even Saudi
Arabia (at least on a local level)?


... Tax revenues are a function of GDP...which was not growing at a
rate large enough to pay for the increased spending necessary to support
a war that was started in our backyard.


You mean voodoo economics still doesn't work?

Of course it works. That's why the recession was so short-lived.

That's funny, I thought if we reduced taxes on those bazillionaires,
they'd all go out and order new yachts or something, and the economy
would boom again...

It is booming.


BTW noticed they're lowering interest rates again? They do that when the
economy is booming, right?

They're doing that to offset spiking energy costs.

If only the liebrals could comprehend Econ 101