"Bushsucks" <Impeachthedrunkard@moron.com> wrote in message
news:3F156C68.6E88@moron.com...
> "Fer sure" YOU DON'T KNOW JACK SHIT!
>
> Stocks were HIGHER when Clinton left than they were 14 months before.
> And FOUR TIMES HIGHER than when he took over!
>
>
>
http://finance.yahoo.com/q?s=^IXIC&d=c&k=c1&a=v&p=m50,m200,s&t=my&l=on&z=m& q=b

It was an illusion.

Check this out
http://finance.yahoo.com/q?d=c&c=&k=...n&z=m&q=b&y=on
Soon after Bush's election everything went to Hell. Legacy Boy's illusion
was over. Real numbers by real economists

Check this out too
http://www.socialistalternative.com/...y/economy.html
Recession or Soft Landing? By Tony Wilsdon
As in past periods of capitalist boom, the bubble burst. The Nasdaq stock
index, representing high tech stocks, has fallen 50% in the last six months.
The importance of the sector is shown by the fact that, according to
Business Week, spending in the high-technology sector in the second half of
the 1990's accounted for one quarter to one half of the growth in the
economy.
Compounding this collapse has been the sharp increase in gasoline and oil
prices, political instability over the election results and a six-month long
slowdown in manufacturing. The big auto companies laid off 51,000 workers in
November. Consumer confidence (consumers account for about 70% of the
spending in the economy) has fallen, and the X-mas season was a wash. On top
of that, the banks are tightening credit to medium-sized companies, and
bankruptcies are at a record level. It is only the service sector (50% of
the economy) and construction that are still growing.

The Bubble Economy
The reality is that the boom of the 1990's, the longest in US history, was
not a period of economic renewal. Instead, it was a bubble economy where the
vast majority of new wealth was sucked up by the rich. Working people and
the poor saw no gains, or lost ground. The high tech boom did not broaden
into widespread growth with new well-paying jobs. Very often computers were
used to replace workers. This was not like the growth of the railroad
industry in the last quarter of the last century or the growth of the auto
industry earlier this century, both of which had massive multiplier effects,
creating whole new industries like coal, steel, rubber, electronics, oil
etc.

Instead, the US has been in a 50-year period of decline.



>
> CB wrote:
> >
> > "jiml" <jiml@nospam.com> wrote in message
> > news:3F150C76.BD305C38@nospam.com...
> > >
> > >
> > > Bushsucks wrote:
> > >
> > > > What was there left to do? Bill gave us peace, prosperity, record
low
> > > > unemployment, record HIGH job creation, record HIGH stock market,
> > > > $5.6 TRILLION in budget surpluses -and a STANDING World Trade
Center.
> > > >
> > > > The AWOL Puke Bush was appointed. DOWN THE TUBES WE WENT!
> > >
> > > Keep talking like that. It's what keeps the GOP controlling the House,
> > > Senate and the Presidency.
> > >
> > > Jim
> >
> > Fer sure dude. Everyone know stocks were in decline the summer of 2000.
Gore
> > insured uncertainty with his childish efforts in the Florida courts with
> > Team Daley and his trial attorneys (lost every case). We also know
Clinton
> > and then Treasury Secretary Robert Ruben cooked the books so the
illusion of
> > economic boom could last till the election.
> >
> > To bad President Bush and Attorney General Ashcroft pulled Mary Jo White
and
> > Dan Burton off the Clinton investigations. Who knows where they may have
> > lead. At least the people still have Judicial Watch.
> >
> > >