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To: Devil_Anse
Properity in the 90's was largely driven by technology, and the tremendous productivity it delivered. The biggest player in technology was, of course, Microsoft. Users of early computer technology had been clammering for applications that would run under a single Operating System, which was delivered as Microsoft "Windows", so they could fully utilize their all data more transparently, usefully, easily and dynamically. Business could make better decisions faster. bubba sued the engine of the economy that was giving the United States buiness tremendous advantages, and then cooked the books when his legal maneuvering began to slow the economy. Therein lies bubba's one and only economic policy that people have tried to identify.
20 posted on 11/10/2002 8:22:25 AM PST by stickywillie
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To: stickywillie
I am not an economist nor do I play one on the internet but it seems that our socialist style government, heavy taxes and regulations caught up with us about 10 -12 years ago. I mean here that people were being strangled by government and the economy was suffering from it. Credit cards used to be a hard thing to get, suddenly everybody had credit cards and the companies couldn't give out more and upgrade the existing accounts fast enough. The Fed kept lowering interest rates and America went on a spending spree. On top of this there was a genuine tech revolution with new inventions and applications which helped the economy tremendously.

Much of the stock growth in the last years did not reflect business earnings nor potential. It was all speculation chasing price movement - everyone wanting to jump onto any company whose stocks moved upward thus a rush begat a greater rush and stock value inflated far and above reality.

Speaking of Slick Willie going after Microsoft and starting the downturn I heard - can't back this up but heard that the government intentionally caused the stockcrash because too many people were dropping out of the workforce or retiring early because they were making so much in the market. This starved Social Security tax revenue to such a degree that the government decided it had to sink a lot of this fortune and force people back into the work force just so they could tax them again. I would like to hear some people around here, more informed economically that I say what they think about that.

23 posted on 11/10/2002 8:50:03 AM PST by u-89
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To: stickywillie
You are right when you assert that prosperity in the 90's was driven by technology.You failed to mention what made that technology explosion possible!It took a great deal of investment and capital-formation and this was made possible by Ronald Reagan's slashing of marginal tax-rates in the 1980's!!
29 posted on 11/10/2002 9:08:14 AM PST by bandleader
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To: stickywillie
Yes, it seemed obvious to me that the Rapist and/or his minions simply looked at Gates & Co. and said, "There's a rich guy. Let's shake him down."

We have had presidents, I believe, who became corrupt after they'd become president. We've had presidents who were none too honest b/f they became president, and who just continued their dishonesty when they hit the big-time (presidency.) I think the Rapist is in a class by himself, though--he appears to be the very first person who actually went after the presidency solely b/c it looked to him like a really good device to use to make that "big score" that every con man dreams of.
36 posted on 11/10/2002 1:53:41 PM PST by Devil_Anse
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