"P.Fritz" wrote in message
...

"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

They'd have to learn math and deductive reasoning first. Ain't gonna happen
in our lifetime. Thus, they all must be assimilated...or wiped out.