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Author: BMNEELY Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 886264  
Subject: Re: Politics Date: 1/27/2004 2:15 AM
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OH MY where do I start?

Clinton had nothing to do with the stock market rise of the early 90's. The advent of online brokerages, sites like motley fool and the proliferation of financial news fooled investors into running up the market. People foolishly bought companies that were ridiculously overvalued and held them until the the market crashed.

I have heard many people blame the problems in corporate governance on the government. Nope not there fault you know whose fault it is?

Ours...we are the government, if there is a proliferation of unethical conduct in this country it is because the people of the USA are willing to accept it. Those of you living in the world of blaming the political party that you currently disagree with for all of your problems need to grow up and take responsibility for your own actions.

One last note...the government was not put here to provide healthcare, welfare or any of the other social programs that we now spend our money on. That is not to say they are bad, but if you would like to live in a socialist country you need to prepare your self to pay about 35% of your income away in income taxes...oh and by the way that doesn't include the VAT that would surely follow probably about 17% on everything you own. Just ask the Germans...oh wait that is how much they pay and the government is continually cutting back there services and charging more.

By the way we have patent protection for drug companies and the reason we don't implement price caps on those drugs is because if we did those things public companies would have to stop or severely limit there research and development efforts. Why you might ask because shareholder like you and I would not stand for them not recouping those costs.

Well that is my rant for today.

Ben
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