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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. |
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