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All,
Careful this is a trading forum, let's all remember
that. We go beyond and no one makes money, other than the politicians,
which already do, no matter what side you are on.
don ewers
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Dave
Johnson
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, August 21, 2002 7:40
PM
Subject: [RT] Re: GEN: DEFLATION AND
GOLD....
Whether the current administration "inherited" or
"created" its problems not important.
What is important is the manner in which the
present administration is executing its job. They ran for office, and
now they are there.
And so, what have they done?
The "anti-big-government candidate" has done more
to enlarge the federal government and encroach on individual freedom than any
other president in my lifetime. How long will we hear about
9/11 justifying blowing the budget, and going back
negative?
<FONT face=Arial
size=2>
The "experienced, disciplined foreign policy
team" has a new policy story every day, and they continually contradict each
other in public pronouncements; These public contradictions are
really disagreements, not planned disinformation. The appearance is that
of confusion, not direction, purpose, and focus.
<FONT face=Arial
size=2>
The economic policy team is hardly worth
mentioning -- the latest polls determine actions, not any sort of cohesive
plan. Am I the only one embarrassed by the ramblings of O'Neill when he
goes out of his way to offend foreign countries? There were reports that
his major contribution to Alcoa was to shore-up the safety record. Great
qualifications for a treasury secretary.
I don't know if we are really on the edge of an
economic crisis as some here say. But it really scares the hell out of
me to realize that our country is led by a team that I would not even hire for
my own business, starting especially at the top. (How long before the
business leaders of this country acknowledge that George Bush REALLY is NOT
wearing clothes? It is amazing how the earlier defenders of his
performance deficiencies (needs time, experience, etc.) have really gone
silent. Even his dad's friends.
I travel internationally every few weeks, and
have observed a catastrophic change in the image, respect, and regard for
America, American interests, and Americans. We have become the "bad
guys" nearly everywhere. If anyone here thinks this is good for our
business and market future, then think again.
What do we need?
(1) A coherent, straight story
every single day. Not changing according to the latest polls, or the
latest talk with "dad". Who here can say they really know what the
administrations policies and strategies are?
(2) Real protection of markets,
not just when it is politically convenient.
(3) Don't talk war if we don't
mean it. Don't "leak" battle plans, just execute them, if we mean
them. If we don't mean it, then stop saying it so the whole world can
get back to normal, whatever that is.
(4) Please please don't get us
into another Vietnam. (But it is already too late, I fear).
(5) Don't look into "Putin's
soul" any more; he looked back and saw what he was challenged by, and
slept very well that night. (I hate to ponder the IQ gap between Bush
and Putin).
(6) Republican congressmen must
disassociate themselves from Bush; he will lead them to a massive loss of
power in the next two elections, as he manages to alienate nearly every
definable constituency group, excepting the far right Christian
brigade.
(7) Get control of the
administration. Provide an INTERNAL forum to iron out disputes, then
decide the policy, and execute. The public squabbling is a clear sign of
no internal dispute resolution process or dialog. Get rid of
O'Neill and put a pro into the job. Get rid of Ashworth (send him
to Iraq or Saudi Arabia, where he'll fit in just fine) and find an attorney
general who can both fight criminals AND respect American freedoms, not Saudi
freedoms.
and so on.
Dave Johnson
<FONT face=Arial
size=2>
<FONT face=Arial
size=2>
Date: Wed, 21
Aug 2002 05:52:56 -0500 From: "Bob Heisler" <<A
href="mailto:BHEISLER@xxxxxxxxx";><FONT face="Times New Roman"
size=3>BHEISLER@xxxxxxxxx<FONT face="Times New Roman"
size=3>>Subject: Re: GEN: DEFLATION AND GOLD....I'm just
a lowly trader who is not an economist or a CNBC talking head and am therefore
grossly under-qualified to either give advice on economic/fiscal policy or
criticize/praise the current economic team.But what I do know is that
the current administration inherited a post-bubble economy and a post-bubble
bear market (the NDX was 45% off its all-time high when Bush took
office). Toss in 911 and even someone as under-qualified as myself can
see that their timing could have been better....like inheriting a recovery and
the early stages of the PC revolution in the early 90's.I hear a lot
of bashing of these folks but I hear nothing from the critics on what we
should be doing - except raising taxes and increasing government
spending/entitlements. Even the infamous Lord Rubin, who bravely fled to
Singapore once the Enron news came out, has offered only these
solutions. But if history is to be our guide then that type of policy is
exactly what we shouldn't adapt.What I'd like to hear from the critics
are some concrete ideas on what should be done as opposed to the daily/hourly
criticisms and negative sound bites. And those ideas should include a
plan on how to get any new policy changes through the Congress (particularly
the Senate).I look forward to being
educated.BobTo unsubscribe from this
group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service.
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