Posted on 06/24/2004 6:05:31 PM PDT by Pikamax
Ah, if only Dubya bailed out the dot bombs, all would have a high paying job now!
With those old enough to remember him I think he is.
All the rich welfare recipients are backing Kerry. He will take money out of their right pockets via increased taxes, and put more money into their left pockets.
I would too, and I wish they would act more like the GOP than Rats when it comes to spending our money.
BTW, who were these tech leaders who had to slog all the way to DC to hear a terrible economic speech? In typical GWB fashion, he mentioned all the government grandees in attendance, but no one from the private sector.
Hell no. Just pointing out the hypocrisy of it. If Kerry does it, it's criminal. How soon they all forget that Bush proposed the same thing.
Another interesting bit of history is that the tech dominated NASDAQ index was down 118 points on the day GWB gave your referenced tech-friendly speech. Shorting W's economic speeches from that time period was money in the bank.
No assumption here. Kerry is in big trouble in Michigan.
I thought that old fart was much older than that old fart is purported to be. But since he is sort of old, why didn't he serve in WWII or Korea? If military service is such a touchstone for candidates, it ought to be a touchstone for high profile supporters.
Actually shorting anything from the clinton/rubin fueled dot bomb period would have made anybody a lot of money.
But you already knew that and deecided to blame Bush.
Some of those "dot bombs" are leading the current recovery. GWB was handed a slight economic problem. He turned it into a huge one. Thankfully, we are heading in the right direction after GWB saw that his economic plans could cost him reelection. He started giving fewer economic speeches and let others form most of the second tax cut.
Some, maybe 10% of the dot coms are still in business.
And 9/11 was a "slight economic problem", whew time to take your meds, IMO, plus the economy was already heading into recesession in 2000.
Dude you twist the facts around almost as bad michael moore.
Which is typical for a new market. Look at how many car companies went out of business by the time their market matured. The big three, Ebay, Yahoo, and Amazon are not only chugging along, but as I said, they are leading the recovery.
And 9/11 was a "slight economic problem", whew time to take your meds, IMO, plus the economy was already heading into recesession in 2000.
Most of the damage had already been done by 9/11. Greenspan started his unnecessary rate hikes in 1999. 9/11 is actually what turned Greenspan in the right direction, though it took GWB quite a bit longer. GWB's problem was he never correctly diagnosed the problem. I hope he never gives another economic speech if he wins reelection and we should do OK.
Yes, and all signs now point to increased business spending. Increased consumer spending leads to increased business spending, not the other way around. BTW, from what I hear, the transportation industry (trucking) is in the process of buying new trucks to replace the older ones that they have because they haven't been replacing them as much because the economy wasn't that good and because of uncertainty. Just another real life example.
No it doesn't. Businesses and investors alike look toward the future for a reasonable return on investment. If they lose confidence in the government, they won't spend or invest. Where do you think consumers get their money? Consumer spending was healthy during most of the downturn, contradicting your theory. Just about every economic downturn in the last 100 years can be attributed to a government screwup. (raising taxes, currency manipulation, overspending, raising interest rates, etc.)
Your comment reminded me of my 'favorite' phone tax.
You might not be aware of this, as not many people are, but we are ALL still paying a 3% excise tax to fund... (drum roll) .... the SPANISH AMERICAN WAR! This 'temporary tax' was enacted in 1898 is STILL there today!!!
Now IMHO - that's something to po'd about and proof that there ain't no such thing as a temporary tax.
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