PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: rich4eagle who wrote (124025)	1/28/2001 1:18:10 AM
From: aknahow	of 769670

Has Greenspan really changed his position? He consistently left the door open to tax cuts and said he preferred tax cuts to increased spending. But when the country is facing a recession tax cuts have always been a weapon Greenspan or any other head of the Federal Reserve Board would use. The Fed can only cut short term interest rates. The Fed Funds rate and the discount rate which is mainly symbolic. Control over the money supply is another important tool. If you think cutting taxes is not a good tool for fighting a recession, do you then propose raising taxes as a solution? If not, then why does cutting taxes seem so unusual. Many of us have read the N.Y. Times article questioning the political motives of Greenspan. Very unfair. Greenspan was a good man while President Clinton was in office and he is still good. Few give President Clinton the credit he deserves for keeping Greenspan and naming Robert Rubin as Secretary of the Treasury. I would hope that we are not about to see even competent officials smeared, just because their actions do not always fit the party line. This tactic is getting old.

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