The tobacco inquisition has adversely effected the income of 50 million smokers, not the tobacco industry. Indeed, smokers will be purchasing fewer consumer goods because of litigation price increases and punishing taxes. And raising the stakes on 70 million honest gun owners certainly doesn't help matters.
Alas, that's a drop in the bucket compared to what Clinton's doing to the stock market and the technology industry. He caused scares in the pharmaceutical and biotechnology markets, which will remain unsettling for a long time. And his blind pursuit of a legacy has driven him to kill Microsoft like it was Standard Oil or Ma Bell. Playing reckless games with monopoly busting could undermine the whole economy.
Clinton's meddling is dangerous business, as evidenced by the free-falling technology stocks. If it goes too far, the technology industry could simply collapse. But this president won't be in office to answer for it. And the people will be wishing that he should have been removed from office when Congress had the chance. It would have been like buying GE or IBM at five bucks.
Certainly, for those of about 60 million people who are directly or indirectly invested in the stock market, which includes retirement funds, and who voted for Bill Clinton, that ballot investment will surely become the riskiest of all.
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