21 Aug
2001
21 Aug
'01
5:15 p.m.
Of course in GOV-speak, that's "consumer confidence" but it means that
consumers
don't think they'll be able to buy another new computer and that drags down the
economy.
They had the fellow who WAS the publisher of the "Industry Standard" (E-tech)
magazine (now no longer publishing) on the News Hour on PBS last evening, and he
made a few remarks suggesting that people knew that the high-tech sector was all
bound together. Once they saw it start to crumble, they knew they were dead.
People often tighten their belts, but generally too late.
Dick
----- Original Message -----
From: "Don Maslin" <donm(a)cts.com>
To: <classiccmp(a)classiccmp.org>
Sent: Tuesday, August 21, 2001 3:08 PM
Subject: Re: GW Bush Cancelled VCF 5.0 VCF
On Tue, 21 Aug 2001, Chad Fernandez wrote:
So some guy running for president said the economy was worsening, and
the whole world believed him, ok sure.
Chad Fernandez
Michigan, USA
R. D. Davis wrote:
Agreed, but when you consider that consumer spending makes up about
two-thirds of the Gross National Product, there is certainly a
substantial element of truth in it also! Certainly consumer spending is
modified somewhat by the group psychological mood.
- don
On Mon, 20 Aug 2001, Chad Fernandez wrote:
The stock market is emotionally run, much of the time, I'll give you
that. The economy on a whole is influenced by emotional factors, too.
To say that the economy is purely psychological is an over
simplification. George Bush doesn't have anything to do with
the economy being down.
Yes he does. The economy is purely psychological. If enough people
think it's bad, it will be bad, and vice versa. If he and the other
politicrats went out and started talking about how the economy
miraculously improved overnight, it would. The Economy started downwards before he was even
in office. He didn't
ruin VCF for you, either. The president doesn't magically change the
economy over night.
It's obvious that g. dubya bushbooger wanted people to think the
economy was worsening so that he could take credit for "fixing" the
economy through various policies.....