From: "Robert G Lewis" 

Some of the items are definitely overstated, if not wrong which is a shame
because the ones that are correct are damming enough.

 I don't think that states can declare bankruptcy but I could be wrong.
Texas does have some major funding problems right now though as do most of
the states. Part of the problem is due to cutting back on taxes. New Jersey
actually borrowed money for tax relief under the previous administration.

The Administration's policies definitely  have an impact on the market though.

Bob Lewis

"John Beamish"  wrote in message
news:3ed4a96c{at}w3.nls.net...
> I find some of the items just too incredulous.
>
> For example:
> (a) > Cut taxes and bankrupted the Texas government to the tune of
billions
> in
> > borrowed money.
> (b) > First president in U.S. history to have all 50 states of the Union
> > simultaneously go bankrupt.
>
> The government of Texas declared bankruptcy?  All 50 states declared
> bankruptcy?
>
> And then there are the things for which he had no possible impact:
>
> (c)> Set all-time record for biggest drop in the history of the stock
> market.
>
>
>

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