Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 318.61

-3.0%

3:59 PM EST

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To: Fred Levine who wrote (40946)	12/19/2000 4:11:31 PM
From: michael97123	of 70976

Agree with you. Bush tax cuts have to get thru congress and are months away at best. My feeling is that AG was protecting feds reputation by moving 2 steps rather that the 3 necessary for actual actual reduction. An actual cut after the november inflation bias would have made him appear stupid by not recognizing month-away slowdown at at that time. Instead he now acts stupidly risking the overall health of the economy. Good news is we will probably get rate cut early in january rather that waiting until 1/31/ meeting and if he regains his smarts it will be 1/2 point. Merry Christmas everyone. Do the economy a favor and disregard the negative wealth effect and GO SHOPPING. The job to save the economy may be that simple. And please buy pc's and cell phones.

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