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Strategies & Market Trends : Steve's Channelling Thread
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To: Zeev Hed who wrote (7196)11/5/2000 2:48:06 AM
From: Sam  Read Replies (2) of 30051
 
Zeev,
<<If at the same time, we in the US have a Bush administration writing huge tax cut laws, Greenspan will not be able to come to the rescue with "lose money", and then we get an extremely severe bear market. If Gore gets elected and still keeps balancing the budget and minimal surpluses (big surpluses are deflationary), the decline might not be too severe, and might end by Spring with Greenspan once more stepping into the breach. So, fasten your seat belt.>>

Your reading of the consequences of the election is the same as mine. I just cannot for the life of me understand why some people apparently think that they are "voting their pocketbook" by voting for Bush. Bush's tax cuts will not only cause both government cutbacks and deficits, but also higher rates. Whatever is gained by his cuts will be lost--or more than lost--by interest rates being higher than they would otherwise be. This seems so obvious to me that I can't see why everyone doesn't see it. I'm not trying to provoke an argument here or even a political discussion (that is why I am not posting on some of the fanatical coffee shop boards with the political crazies), but can anyone tell me why Bush's tax cuts wouldn't be a disaster for our--and thus the world--economy?

Sam
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