Econ 102 for light, seascapes Clinton budget

[coadie]

My memory is still clear on what the left misunderstands.

Yes I made a lot of money on Global Crossing. I made a lot on Enron. I can say the dot com bubble was fine. I also know how to see a drop or famine 2 quarters in advance.

(there is nothing more depressing than to see your next door neighbor get rich.)

I have never been rich and I don't care about my neighbors stash.

At the end of Clinton’s term ONE THIRD of ALL revenue came from capital gains taxes

pet.com, grocer.com, amazon.com, many obscure niche stocks. etc.
And the telecom bubble was also fantastic. Fibre carriers, like Global Crossing etc fueled expansion of wireless networks also.

The dot com bubble was several trillion dollars and hundreds of billions in IRS revenue came from capital gains taxes. We saw day traders flourish. People left jobs and careers to enter the lure of NYSE gambling.

( I did well, I also knew what to buy and how to do stop losses and a lot of other tricks. I had written a market trading software program for myself in the 70's in fortran)

The tech bubble and subsequent bust was the cause of Clinton’s surplus and Bush’s initial deficit.

http://floppingaces.net/2010/02/17/t...h-reader-post/

God forgive me for being sarcastic but I once told a friend I made more on trading his employers stock than he did in the cube farm as an engineer busting it 10 hours a day 6 days a week.

More details.
Growth is influenced by monetary and fiscal policy. When Bill was having sex, the market was blistering hot and had nothing to do with his influence.

As some cashed their short term gains, they fueled real estate inflation, the next bubble which even libs understand it came down. Remember you can defer taxes on capital gains in housing real estate, which lowered tax revenues under Bush.

Bush era did see net losses in capital gains of stock portfolios.


During Bill Clinton’s presidency, from 1992 to 2000:
- Spending increased by 29.49%.
- Tax revenues increased by 85.58%.

The employment improvement under Clinton also dot com and telecom workers. Millions laid off. Later. Obama wanted a "green bubble" to make him a her . The green bubble has been burst in time. We will not go all electric cars, wind electric, high speed rail and no platic grocery bags to build a bubble to salvage his failure. A 200 million dollar cellolosic ethanol fiasco has imploded I hear in Atlanta area. We have an energy bubble in place, It happens to be in the middle east and costing us a trillion.

So much for a little econ class for the libs.