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Politics : Formerly About Applied Materials

AMAT 338.61

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9:51 AM EST

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To: Katherine Derbyshire who wrote (44583)	3/27/2001 9:39:18 AM
From: michael97123	of 70976

Katherine, A friend just read a story to me that Bush & Co. will be significantly altering tax plan starting today to get quick tax relief now. Story said they would drop repeal of estate tax and trade for rate cut, perhaps some fica relief and maybe even cap gains cut. It would be bipartisan in nature and involve dems as well. AG might even grant some further rate relief intermeeting in this scenario. The Fed and Admin must target markets(particularly naz) even if they cant say so. What we have is a reverse bubble, just as insidious as the original one. This one is a wealth destroyer and the economy cant take many more blows from the market. Those who say the Fed/government shouldnt be involved with the markets are missing the point that they already are. Who bails out the banks? What's the difference between bailing out the banks or bailing out tech? What am i missing? Tech is every bit as important and I would welcome the help. mike

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