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B. J. Clinton

By: Zimbler0 in 6TH POPE | Recommend this post (0)
Sat, 24 Sep 22 2:04 AM | 28 view(s)
Boardmark this board | 6th Edition Pope Board 		Msg. 35810 of 60008
(This msg. is a reply to 35809 by micro)
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Ahhhh yes, 'President Clinton' . . .

Presided over a Yuge stock market bubble . . .

Budget Surpluses as far as the eye can see . . .

And instead of doing the sensible thing and paying down
debt while the times were good . . . the buffoon went on
a spending spree.

>>>
CLINTON'S $ 2 TRILLION TAB -- A Record Only a Liberal Could Love. From FY 1993 to FY 1996, Bill Clinton proposed 484 new federal spending initiatives. The total price tag for Clinton's liberal spending and pork-barrel projects) whopping $ 2.016 trillion. Those programs would have cost every American family over $ 4,077 a year a total of ...

http://www.presidency.ucsb.edu/documents/press-release-bill-clintons-liberal-legacy
>>>

And when the bubble burst . . .

How many gazillions of dollars was lost when the bubble burst and the stock market went into free fall?

This is probably an un-answerable question . . . But how many people, having lost half their life investment / savings - sold out and put the money in cash and never made it back. (I'm pretty sure my boss did something along those lines.)

What did I do? Well, I had always invested more conservatively so my 'losses' weren't that serious. I semi-followed Vanguards advice and let the stocks ride. I bought more of Vanguards Index 500 (S&P 500 index fund) and when the stock market started coming back late 2003 I went up with it.

Zim.




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Mad Poet Strikes Again.

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The above is a reply to the following message:
Re: investmets and retirement savings
By: micro in 6TH POPE
Sat, 24 Sep 22 12:20 AM 		Msg. 35809 of 60008

Hi De!

I was putting two children thru college during those years.

That is when the college tuition tax credit began.. That helped with my taxes a lot during those years.

Its one of the few things I liked about him. He was and is fairly highly intelligent. Yet he has the morals of an animal.. Then again, he said 'I DO" to the BEAST so I guess over time he may have gone and continued to go crazy..

But the college tuition tax credit is what I am referring to. My bad for referring to the entire economy. Althoough my business prospered under those years.

So I had no complaint.... Plus I got to keep a little more of my income...


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