Alan Greenspan MUST GO: Message Board

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Pastimes : Alan Greenspan MUST GO:

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To: wdlngduc who wrote (307)	3/21/2001 2:17:24 PM
From: Karen Lawrence	Read Replies (2) of 494

In less than a year AG has managed to turn the irrationally exuberant economy 180 degrees into a crash and burn tailspin. There is no longer any safe harbor in the market. Robert Reich appeared on CSPAN Sunday. He said AG HAD to drop the rate .75 to stop the economic implosion, and 1.00 to get the economy kickstarted. If we presume AG knows what he's doing then he set out with malice aforethought to undermine the economy. Is war next? Reich proposed that payroll taxes (FICA)be waived on the first 10K of everyone's income. Sounded good to me. Adding to the conspiracy mix of AG screwing everyone, useless tax cut proposals, there is the Enron factor. Enron, the Houston based oil company that helped put Bush in the White House is sucking the life out of CA., and by default, Silicon Valley. Here's an excerpt from the SFGATE, 3/4/01: Enron and Ken Lay were one of the major players behind the push for deregulation in California," said Janee Briesemeister, senior policy analyst in the Austin office of Consumers Union. "A lot of what's happening in California was their idea." The rest of the article: sfgate.com

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