CompuServe Messages

Albert, I should probably state that I'm opposed to the BBA. I think its a disasterous concept in pratice. Not in principle. The Democrats got the first part of Keynesian economics right, ie Roosevelt. But they totally forgot about the second part, which is that in times of prosperity a nation needs to preserve its capital for times of hardship, which can then be used to expand the economy. That's my frame of reference. Having said that, the Republicans are embarking on a Hooverism course in a last ditch effort to vindicate their fallen hero. His policies were a dismal failure. The Democrats are embarking on a course of bankruptcy, not because of increased spending but because of increased taxation, which stiffles productivity. That coupled with increased spending will do it. In terms of debt of developed nations ours is smaller than most. (Per GNP etc. etc.) Government is not going to decrease spending so the only alternative is to unleash productivity. Reagan may not have been right about much, but he was right about that. I am basically a Republican but not of the sort that Dole and Newt portray. Like I said I rather like the normally soft spoken Phil Graham although even he is starting to sound rather menacing. So the irony is, that while I'm not a big fan of D. Fienstein, she's the hero of the hour, albeit probably for the wrong reasons. I don't care for the kind of politics the Newt is projecting. He's not going to last. He's proven he doesn't have gracious character, an important quality in a leader. And while I didn't care for George Bush at all, I've got to say the tone of his government was much more civilized. What's going on in Washington these days is akin to anarchy. What's going to happen is anybody's guess, but somehow we always seem to muddle through. John