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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 79.40

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10:06 AM EST

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To: Ed Forrest who wrote (45918)	1/4/2001 7:29:04 AM
From: Zoltan!	Read Replies (1) of 77400

It was heartening to see Cisco's Chambers and GE's Welch - the two most admired business leaders in the country - endorse Prez-elect Bush's tax rate reductions as the best way to pull the economy out of the current free-fall. Didn't see the loser/leaders that supported the other side - those from Apple, Xerox and Novell - down in Austin. That is heartening too. It is also good to see that Greenspan obviously agrees and endorsed the Bush team's view that the economy is in heap big trouble and did much to show it by his unprecedented rate cut action. So much for "54 out of 55 business economists" quoted by the Boy President - Greenspan has data they don't. Other good news is that Greenspan endorses the Bush-Welch-Chambers view that rate reductions are the only way to go with tax cuts, none of that "targeted cut" nonsense that the Clinton/Gore regime used to buy special interest votes. Greenspan knows - and has said so - that such targeted cuts ruined the 1986 tax code reforms and are detrimental in other ways. He knows that rate reductions add to economic efficiency while "targeted cuts" do the opposite.

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