Posted on 07/20/2007 5:35:34 AM PDT by fabrizio
As a person who has some investments in stocks and mutual funds, I wouldn't mind seeing another surge in the stock market like what happened during the Clinton years. The first and last 8 months of it didn't do anything, but the years between that were an economic boom the likes of which America has never seen I would have much rather had a Republican in the White House during those years, but fact are facts.
President Bush has b..uh... the intestinal fortitude of a true leader. I am proud that he is an American.
And what was it specifically that Clinton did to spur the growth in the stock market? You're giving Clinton credit for being the president that "happened to be president" during the stock market surge of the 90s. But, wouldn't the stock market have surged anyway driven by the internet boom of the 90s? Clinton was the recipient of the good news rather than the spark for the good news.
This point is argued all the time by Clinton supporters. There was a huge tax increase yet we had an economic surge and low unemployment figures therefore they say that tax cuts don't create jobs or economic surges. What really did cause the surge in the 90's?
The same thing that is causing the stock market to rise today — the expanding WORLD economy.
So the argument that tax cuts or increases is irrelevant holds some water?
bump
Amen.
And Bush hasn't been as lucky as Clinton, who was president in 1993 when the terrorists did not succeed in their attempt to bring down the WTC.
The terrorists apparently selected the World Trade Center as a target not because it was a symbol of Western values or the financial power of the United States, but simply because toppling the twin towers would enable them to inflict a large number of casualties...[snip]Yes, Bush has done very well.As Yousef was being flown from Pakistan to the United States to stand trial, he told Secret Service agent Brian Parr that he would have put sodium cyanide into the WTC bomb if he had had enough money...
Yousef told Agent Parr that he intended for the explosion to cause one tower to fall into the other, inflicting 250,000 civilian casualties.[10]
Even Bill ("I like booty") Clinton could not have done any better.
This was the line of the article I was taking exception to. As much of a fan of Bush's that I am, (and I am), this statement was a bit overboard. The stock market vs presidents, Kennedy,Johnson & Nixon - FLAT. Carter - SCARY. Reagan - GREAT. GHW BUSH - FLAT/POOR. Clinton - BEST EVER. GW BUSH - VERY GOOD.
Of course not. :-)
Didn’t really think so... just wanted a better explanation for the 90’s.
It’s a combination of the two. Today’s economy, as compared to the ‘90s, is real and better.
Amen! Amen! Amen! :-) Thanks, W!!!
That said, I sorely wish that W was a better public speaker and would have spoken more often. We needed to have things explained to us along the route. Doing the right thing for the right reasons is the only way to live life and lead. We needed to be verbally escorted down the path so we could ALL be behind this war and our President. America can do ANYTHING if we're all behind the cause.
I think one of that factors that drove the market in the 90’s was that it was suddenly “democratized”. People could buy and sell stocks online and we had many day-traders. Unfortunately, people started playing the market via their computers like a slot machine. Of course with so much buying, companies started hiding their numbers and silly made-up dot-coms that didn’t really make any profit eventually tumbled leaving us with the bad economic environment inherited by Bush. How’s that for an explanation?
Sounds good to me. That’s what I meant by “real.” We think alike, I see. :-)
Sounds good to me. That’s what I meant by “real.” We think alike, I see. :-)
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