Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 267.87

-0.6%

Dec 5 9:30 AM EST

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To: michael97123 who wrote (38957)	10/30/2000 2:33:02 PM
From: Math Junkie	Read Replies (1) of 70976

Michael, one potential problem with your rosy scenario for the market is that if either party took both Congress and the presidency, then the President could end up getting what he wants. My greatest fear is that either candidate might actually keep his campaign promises. Much has been made of the politicians' success in getting Greenspan to say that tax cuts are better than spending increases if paying down the debt cannot be done. But the fact that he has consistently said that his FIRST choice by a mile is paying down the debt is ignored. Why is this significant? Because EITHER tax reduction OR spending increases would be stimulative to the economy, which could force Greenspan to continue raising rates. The market would not like that.

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