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Non-Tech : Greenspan, Rubin & Co - the Most Irresponsible Team Ever??

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To: Thomas M. who wrote (276)11/17/2000 1:10:58 PM
From: Cynic 2005  Read Replies (3) of 309
 
Tom,
Here is why the market fears a Bush presidency..

Lindey will certainly play a major role in Bush economic policy - he may even be the Treasury Sec. He is is outspoken and a proponent of tough love! Also he have criticized Greespam on occasion. Most recently he said the they will start with a plan that will create "modest fiscal contraction!" It is so easy to create a plan that would create a fiscal contraction. The problem with it is that it won't be "modest!" LINDSEY thinks that he can ENGINEER IT! All I will say is, GOOD LUCK, PAL!

Message 14766539

Any fiscal contraction at this stage will take a life of its own and difficult to control by any means! IMO!
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