U.S. Economy

* Investors are frantically pouring money into international stock funds and unprecedented amounts of money are flowing into tax-free municipal bonds. Capital formation is stagnant. The trade deficit is at a five-and-a-half year high and home sales have fallen 5% in the last month. All the while Bill Clinton is taking credit for a tax plan that will lead to only more of the same. Clinton and the Democrats are leading us down the road to economic catastrophe.

RANDY R. WALLEN

Playa del Rey