But his actions with days of taking office speaks volumns about his leadership. Remember that Bush had to bad mouth the economy to justify his tax cut plan. The problem is that Bush's plan is a permanent market stimulus plan versus a temporary economic stimulus plan. BTW, any plan that encourages further investment into the overvalued equity markets at this time is crminally bad. More Bush leadership at work!!!
I don't disagree with Bush's economic plan, but I doubt it will do much for the economy. It goes in cycles, and it hasn't bottomed out yet. It'll proabably be a bear market for 10 years or more.
Do you live in the US? You may not like what he's doing, but he's been pretty effective in getting his agenda passed.
Then I suppose Clinton's leadership from March 2000 until January 2001 is responsible for the market's fall? sigh It has elements of both permanent and short-term stimuli in the package. Remember, part of the package is extending unemployment benefits and giving $300 checks out. The market has reacted *quite favorably* in the *short-term* to Bush's proposed plan. I for one would rather see a sustained rally than a rise followed by a fall. 1995 - 2002 taught me that much. I would *die laughing* at the sight of you trying to prove that the equity markets are overvalued.
Come on No Worries. I'll buy you a cheeseburger if you try to prove that the equity markets are overvalued.
I would die laughing in anybody would try to sell me a stock these days. The markets still are overvalued.
Come on, TJ, you know that this recession is no more Clinton's fault than it is Bush's fault. There are so many factors involved in our ever-cyclical economy. Blame the president? Hell, might as well blame God. Did you guys read that article in the Chron this week about how people dont even realize that they are "middle class". Something like: If your family makes over 27K a year then you are in the upper 50% Over 55K a year, upper 25% Over 92K a year, upper 10% Over 132K a year, upper 5% Over 312K a year, upper 1%
Taking over Iraq's oilfields would just prove to the world that we don't care about weapons of mass destruction or human rights in the middle east unless there's profit involved for american corporations. Then we could say goodbye to the shred of credibility we have left.
But mateo, haven't you heard the news? There simply are not different socio-economic classes in the US. It's true! It has been one big Democrat-led hoax. I have felt like such a complete fool!
Explain the double digit loss posted last year by the S&P 500. In the absense of a strong recovery in 2003, I expect another double digit loss.
I don't even know where to begin educating you on this, and it seems as though it may take weeks if not months to bring you up to speed..... I'll just leave it at this: "Past performance is no indication of future results." -- Perhaps the most quoted phrase in money management
Politically, his ratings are finally beginning to look "normal". This is good news for folks that would love to see him voted out of office. Clearly, whether you like him or not, it's significant news. I have a friend who's made a living investing for millionaires, who has a Havard MBA, that doesn't like Bush's tax plans. I guess he's "old-school". He doesn't think that these massive tax cuts are something to do when your starting to run large deficits with no end in sight. (one of the things he would LIKE to see is the eliminaton of the capitol gains tax) He's worried that interest rates are going to go back up quite a bit as a result, with a negative effect on the economy. I'm sure my buddy would put that differently. I'm just paraphrasing. My friend and I don't agree on a lot of things, which can be fun, and he's definitely not a Democrat. Sometimes you get on a bit of a high horse, Trader, when it comes to this sort of thing. (just my humble opinion )
"Past performance is no indication of future results." -- Perhaps the most quoted phrase in the parlance of high-stakes grifters, pyramid schemes, and late-night TV advertising.
