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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.03

+0.8%

Nov 14 9:30 AM EST

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To: Paul Kelly who wrote (37704)	6/18/2000 10:10:00 PM
From: TraderGreg	Read Replies (1) of 77399

I give credit to Greenspan (reappointed by Clinton), Rubin (appointed by Clinton), CEA(all appointed by Clinton), and one lone former Congresswoman named Marjorie Margolis Mazursky, who cast the deciding vote for the 1993 Balanced Budget/Deficit Reduction Act. As she walked down the aisle, the Republican side of the aisle was waving and taunting her and yelling "Bye Bye Marjorie". Of course she was booted out by her constituents, but virtually every major economist(who rarely agree on anything) believe that vote was the key turnaround. As David Stockman found out, you can't cut taxes and expect revenues to take off unless you're in a major depression. TG

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