From: john@anasazi.com (John R. Moore)
Newsgroups: alt.politics.clinton,talk.politics.misc,alt.rush-limbaugh,alt.politics.bush,alt.politics.elections,talk.politics.elections
Subject: Re: SC rally: "We don't want a draft dodger for president!"
Date: 13 Sep 92 15:48:59 GMT
Reply-To: john@anasazi.com
Organization: Anasazi Inc, Phoenix AZ USA

Keywords: 

In article <BuI67K.9sx@news.cso.uiuc.edu> StarWatcher@uiuc.edu writes:
]According to my almanac, the unemployment rate for 1980 was 7.1%. Unless
]things have changed dramatically in the past few days, without my noticing,
]the current unemployment rate is not in the neighborhood of 3.5%.  I'm
]pretty certain that the current rate is in the 6-7% neighborhood.  No
]matter how you cut it, that is not nearly half of what it was in '80.

	Employed (millions)		Unemployed (millions)
1980		 99.3				7.6		7.1
1990		117.9				6.9		5.5%
1992								7+

So, on unemployment, Bush and Carter are about equal, although Reagan/Bush
produced a radical difference: Jobs increased 19% and unemployment
went down 9%.

]
]: Inflation is now essentially zero. Interest rates haven't been this low in
]: decades. The only reason that we're having this recession now is that
]: the democrats in congress (I capitalize neither "democrat" nor "congress",
]: because they don't deserve the honor) enacted (yes, with George Bush's
]: connivance) the biggest tax increase in history, which forced many
]: businesses into bankruptcy and caused countless others to scale back. 
]
]The low interest rates are not helpful to everyone.  They hurt
]people (like Grandma, who makes us all apple pie?) who rely on
]their savings and interest on that savings for their incomes.

Gee, I supposed Grandma was happy with the high interest rates of
the late Carter era? At the time, the inflation rate was so high
that all of her assets were eroding at a high rate. At the same time,
those high inflation rates drove investment money away from productive
investments and into either high rate money instruments or highly
leveraged real estate investment.

Anyone planning on living on interest has to realize that high interest
rates are accompanied (in today's topsy turvy world) with high
inflation, which reduces the real interest rate. Real interest has a way
of remaining relatively constant, as long as the economy is growing.
Right now, we are in a recession, so of course the interest rate is
low (less demand for money). The Carter years were characterized
as "stagflation" - which means a slow economy but paradoxically
high interest rates (due to the inflation rate and inflationary
expectations).

Right now, interest rates are too low for the rate of inflation, but
be assured that it is temporary (you can tell that by looking at the
long term rates, which are still high). When the economy starts growing
again (barring a Clinton win with abusive environmental and tax policies),
Grandma's interest earnings will improve.

]And we can thank george bush (I capitalize neither "george" nor "bush",
]because he doesn't deserve the honor, even though it is poor grammar
]to do so) for this?

What a silly slam. George Bush is a human being, and as such deserves
the honor of having his name capitalized. You dishonor yourself, not
GHWB, by this tactic.


-- 
John Moore NJ7E, 7525 Clearwater Pkwy, Scottsdale, AZ 85253  (602-951-9326)
john@anasazi.com ncar!noao!asuvax!anasaz!john anasaz!john@asuvax.eas.asu.edu
 - - Support ALL ...erk  glugh   mmpph.... Memory fault (core dumped)
Newsgroups: alt.politics.clinton,alt.news-media,talk.politics.misc