Reagan: It's time to strike back

DodgeGlobe.com ^ | January 30, 2004 | By Michael Reagan

[11th_VA]

I LOVE THIS POP-UP AD !!!

[america-rules]

"We had 8 years of fantastic economic performance it was just so good we stopped watching out for scumbags like Eron's CEO"

1) The 8 years started under Bush I 18 months before Clinton was elected.
2) Enron's CEO was one of Clintons best friends. He went all over the world with Ron Brown on a Gov't plane. The Dems changed the laws on reporting in 1994 (Joey Liberman) and let companies report bogus numbers.

The facts are out there if you want to really see them !

[CyberAnt]

Well .. if your ideas were so good .. you would be in charge! What does that tell you ..??

[nopardons]

Statistics can be made to prove anything at all.

I and others have explained and explained and EXPLAINED everything you need to know...you just ignore it.

Carter's and Clinton's first terms were ruinous for the economy and the markets, almost immediately. Clinton's unConstitutional, retroactive tax raises hit hard.

Reagan and Bush's TAX CUTS raised all boats.

Some things take a long time to hit, others don't and sustained growth is only possible with tax cuts!

You're back to that bulldozer and you'll NEVER get out of that hole now. LOL

[Tamzee]

You should print the thread out for hubby... give him an after-dinner chuckle ;-)

[NormsRevenge]

Just out of curiosity ,, how old are you and where were you educated?

[Tamzee]

Anybody who thinks raising taxes is the way to cure the deficit, can be easily compared to the Physicians of the 1800's who believed the only way to cure Yellow Fever was to drain all the blood out of the patient

We could just call this Butter-On-Burns Bogus Boom Bloviation.... or No-Benjamins, for short ;-)

[nopardons]

Naaaaaaaaaaaaaaaaaaw...he hates stupidity worse than I do. He wouldn't find it funny at all. :-(

[Pitchfork]

Well, frankly I'm a big fan of index funds and a huge fan of 'spydrs' so I didn't see a big hit until after Bush took office. You must have been deep in the NASDAQ.

Here is a link to the S&P 500 chart from 85 to the present. More empirical evidence of 90's growth in this countries 500 largest companies (I doubt pets.com is in this index).

http://finance.yahoo.com/q/bc?s=^GSPC&t=my&l=on&z=m&q=l&c=

[nopardons]

You're playing with SPOOS ? No wonder your 401K's in trouble. Leave that to the BIG BOYS. :-)

[CyberAnt]

You are so right about Microsoft. I have always thought that the attack on Microsoft is what set off the beginning of the end of the 90's bubble.

In the liberals hunt for monsters, they became monsters themselves.

[MJY1288]

The S&P 500 is not a good barometer for the overall economy. The Nasdaq was crashing like the Hindenberg while the S&P was steady from 1998 thru 2000

[Tamzee]

"Ernest Goes to Wall Street" ;-)

[nopardons]

I usually am...right. LOL

Rubin didn't rein algore in, that WAS the start of the BUBBLE being burst.

[Pitchfork]

What are you on drugs? The 500 largest companies in the US with a capitalization that reflects 80% of the value of the stock market is a poor indication of the economy? Ok..what color is the sky on your planet?

BTW I invest in spydrs (SPY) S&P 500 depository recipts which acts like an index fund with no loads, fees or crooked fund managers. Not SPOOS. I'm no options day trader. But, hold, dollar cost average, faith in the overall strength of the US economy.

[nopardons]

Yeah, something like that. LOL

[MJY1288]

I said the overall economy, not how the top companies are doing. just as Jobs are a lagging indicator in a recovery, the S&P is the last to feel the impact of a fall

[KAUAIBOUND]

If you are referring to the Nasdaq or Enron, Worldcom, you are correct. But to attribute the economic boom of the '90s to the dotcoms is to ignore the incredible jump in the S & P or the Dow, "the old economy". The Dow was just above 3800 when the Republicans took control of Congress at the beginning of 1995. Today, it finished at 10,488. This is an 11.2% annual rate of return on price alone. With dividends reinvested, it is probably 13 to 14%, well ahead of the historical averages. My 401K and IRAs did quite well in the past 5 years, being primarily invested in real estate and small cap value stock funds. The investors who chased the dotcoms got burned. Some made out well - my old college roommate is the Chief Medical Officer of a biotech, and sold $1.8 million of his stock at $72 per share in March of 2000, just below its peak of $75 - its now at about $5.

[Huck]

I love how you folks can argue two opposite ideas simultaneously

You forgot this one:

1. The entire boom of the 90s was complete BS. It was all smoke and mirrors....

BUT...

2. It was all thanks to Ronald Reagan...

or alternatively...

3. It was thanks to the GOP takeover of Congress.

LOL. Well, if it was BS, and we have Reagan and the GOP to blame, uh....

[Huck]

Listen, I think it's great that someone is having this debate. Stay clear of personal attacks and stick with it. I would like to see this continue. Hopefully, some substantive debaters will show up and you guys can hash it out. I will be lurking because I think it is interesting.