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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Paul Berliner who wrote (1998)	7/23/1999 10:52:00 AM
From: Sam	Read Replies (1) of 3536

From one Red Alert to another: Does anyone get mildly nauseous like I do at the shenannigans of our esteemed House of Representatives when they huff and puff and blow enough hot air in one day to fly a balloon around the world in record time? Fascinating. They pass an inane tax cut that not only AG thinks is at best risky, but even some former Reagan people think is dumb (according to the NYT), making individual income tax cuts contingent on whether total interest payments were lower in the previous year than the year before or not. As if this is somehow a meaningful number that has anything to do with tax cuts. If rates go up sharply in Y2, then come down slightly in Y3, then the cuts happen, no matter what else is going on. Cool. These people apparently make a habit of passing things that they know will never get passed by the Senate. And they seem to claim to believe that they should be taken seriously and respectfully. Sorry, I had to let out a little steam.

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