New US Economy Policy Message Board

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Strategies & Market Trends : New US Economy Policy

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To: Arthur Tang who wrote (253)	1/11/2001 5:45:55 PM
From: Arthur Tang	Read Replies (2) of 435

Now that we are well into the new year, people are beginning to worry about the George W. Bush effect on our new economy. And you are right, if he tries to push for deficit spending same as his father($500 billion deficit each year for four years); we will be in big trouble. We will be troubled by the 1% of our citizens getting most of the deficit spending money; or the deficit spending money spend on anti-missile defense missile system that is not technically feasible(long range fast attack missiles can not be intercepted or chased by slow short range missiles); and/or money spend on pumping the economy to overheat the economy which we have to slow down right away(auto slow down this year because it was overproduced last year at 17.5 million units when economy can only absorb 16.5 million unit in any good economy year). Our new economy is not damaged yet by Greenspan's foolish interest rate increase, which lowering the interest rate(the very same effect) will not correct. Fortunately, Congress and Senate may be in grid lock and spending will be controlled. We may have many more years of government spending within our planned budget. May GOD bless America.

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