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Technology Stocks : Oracle Corporation (ORCL)
ORCL 198.62+4.7%3:59 PM EST

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To: The Duke of URL© who wrote (14928)11/23/2000 9:29:52 PM
From: WTSherman   of 19080
 
<What with the trees and the lockbox and all he may appear not to understand the delicate balance of the economy. <

Despite what some of the frothing morons have posted and tried to imply I'm hardly a big Al Gore booster. My personal preference would be for the Republicans to keep control of Congress and Dems the Prez. Second preference is the opposite. Any situation where one party controls both is BAD, IMHO.

I really don't know what kind of grasp Al G. has on how delicate the economy is. Best thing that the Clinton admin. has done is make sure that Treasury policy and Fed Reserve policy worked in tandem and not in opposition.

For example, until the pressure on the employment market and out of control consumer spending are reduced the worst thing that could be done would be to have a large tax decrease. This would work exactly against what the Fed has been trying to achieve. It would pump up consumer spending while not reducing the cost of money to corporations. It could easily lead to a further tightening of interest rates.
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