Msg. 03387 of 65535 (This msg. is a reply to
03381 by
Zimbler0)
Jump:
Wrong again.
You fail to tell and acknowledge the truth. Your head is up your ass and into the sand all together. Only simpletons come up with shit like that. Put the pipe down.
The stock market, AND 9/11 under HIS watch affected the economy, for sure, but the asshole started two unpaid for wars after that.
zzstar> Genius, what does the market have to do with that surplus, NO BUDGET DEFICIT,
If a genius like you ain't smart enough to figure
it out . . .
I don't think even a Rhodes Scholar could explain it
to you.
But I'll try.
Late 1999 Yahoo stock was selling at $250 a share . .
A remarkable run up in stock price. (Dozens of other
'tech stocks' had similar run ups.)
Folks selling yahoo (and the other tech stocks) were
making money hand over fist - and paying Capital Gains
Taxes. That is where the so called 'Clinton surplus'
was coming from - Capital Gains Taxes.
In 2000 we had the tech stock collapse. Yahoo went
from $250 a share, to $20 a share. As did all the
other tech stocks. The folk who had paid so much
for tech stocks lost a LOT of money. Instead of the
fed booking capital gains taxes . . . they had to
grant capital losses. As in, when the losers sold
their deflated yahoo stock . . . they got to take
deductions for their losses on their taxes.
By the time Bush took office, the damage was obvious -
to anybody with half a brain.
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