Stevie Nichts <nix2nic...@[EMAIL PROTECTED]
> wrote:
> Spartakus <sparta...@[EMAIL PROTECTED]
> wrote:
> > Stevie Nichts <nix2nic...@[EMAIL PROTECTED]
> wrote:
> >
>http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20080114/REG...
> > > Nothing worries financial advisers more than the prospect of a
> > > Democrat's being elected president in November, according to
> > > a quarterly poll by Brinker Capital Inc.
> > They shouldn't be. History shows that the economy does better
> > when there is a Democrat in the White House.
> Financial advisors -- who, as it happens, must needs be students of
> history -- also know that correlation is not the same as causation.
> In fact, what history shows is that a Democrat in the White House
> typically precedes a downturn in the economy.
You realize that you contradicted yourself in the same paragraph,
don't you?
And anyway, history shows nothing of the kind. There were two
recessions during Reagan's tenure as president. The second one
persisted through Bush I's administration. We are about to enter into
the mother of all recessions - since Clinton has been out of office
for 7 years, you can hardly blame the next one on him.
