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Technology Stocks : Dell Technologies Inc.
DELL 135.98+3.0%3:59 PM EST

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To: TigerPaw who wrote (164354)3/10/2001 12:59:56 AM
From: G.M. Flinn  Read Replies (1) of 176387
 
OT: tax cuts / writing Senators.

Yes, please do write your Senator imploring her/him to endorse a tax cut, just as Kennedy pushed through in the early 1960's when it was apparent that high taxes in a peacetime era were hindering the country's growth. The Clinton administration (with its massive tax increases) and Greenspan (with his "inflation on the horizon" paranoia and artificially high interest rates) have really created an economic mess which President Bush has inherited. The country needs a tax cut as a stimulus to get back on track.

This tax cut in all likelihood would not affect the pay down of the national debt at all. In good times it seems Washington spends what it takes in. In lesser times Washington spends more than what it takes in. Sadly, this is a time tested, proven fact. Unless the rate of growth in spending is addressed, the national debt will never be paid down.

P.S. re: DELL. I have to like their strong balance sheet and low cost production capabilities in times like this. When things improve (hopefully) I think DELL will shine again and I also have to think that at least one major competitor will throw in the towel. But still not buying back in yet ....
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