PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Neocon who wrote (118221)	12/20/2000 2:52:43 PM
From: WTSherman	Read Replies (1) of 769670

<To be fair, I thought my guys were goofy for over asserting a connection between events in the election and the market. But let's not run it into the ground. People are reacting to a variety of things: < Of course, you are correct. There are actually lots of factors at work here, but, after all the bashing and BS that people on this thread threw around BEFORE the election and during the CONTEST and all the talk of a BUSH RALLY you've got to expect a little payback, no? BTW, on a serious note, I think that the market is very concerned that Bush and Greenspan may end up working at cross purposes. If there is one thing that I honestly do believe the Clinton administration deserves credit for it is making sure that Treasury policy and Fed policy worked together and not in opposition. Greenspan is very concerned that a large tax cut will boost demand and consequently inflation without the requisite increase in productivity. Whereas, a lowered Fed funds rate would not have immediate impact on demand, but, would provide improved investment in productivity.

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