FinnTroll: You are right; the Presidents are not really responsible for the Markets going up or down. However, I do think those that hold the price stamp were allowed to inflate the bubble by Clinton. Of course, Clinton gained from the bubble as the economy flourish as did tax revenues making his policies seem to have worked better than they did. However, the bubble was destined to implode. I told several fellow RNC’ers prior to the election, that I almost wish Gore would win so the Democrats would reap the results of the bubble that occurred on their watch.
However, given the events of 9/11 I am glad Bush won, as he assembled a very competent staff. Unfortunately he will have to endure the slings and arrows as a result of the bubble implosion that began almost a year before he took office.
Regards,
LG
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