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Technology Stocks : All About Sun Microsystems

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To: cheryl williamson who wrote (42550)3/29/2001 3:58:14 PM
From: JDN  Read Replies (7) of 64865
 
Dear Cheryl: I blame much of this on our lousy Govt. Those jokers are up there arguing about a lousy $300 and a lousy 1% of GNP over 10 year tax cut. Meanwhile capital markets are suffering damage that Psychologically could cause a hurt for YEARS. This is atrocious behavior, many of the socalled leaders in Govt are practicing partisan politics, reminds me of NERO fiddling while ROME burns. Here is what I believe would kick this country out of its malaise and generate enthusiasm, investment and a sound economy.
1. IMMEDIATELY SUSPEND ALL CAPITAL GAINS TAXES FOR 3 YEARS.
the purpose of this is to force investment capital into the market to grease the wheels of industry in this nation.
2. IMMEDIATELY reduce the Federal Reserve Interest Rate to 4%. If this involves suspending the Chairman, do so as an emergency measure declaring him PUBLIC ENEMY #1.
3. IMMEDIATELY send a check for $300 to every person who filed a tax return. This would be a GOOD FAITH payment by the Govt. and would be expected to spent as FUN MONEY on anything anyone wanted. This would have a limited effect but it would help people to believe that the Govt cares.
4. Adopt GW's tax rate cut plan (personally I think it ought to be more than 1% of the GNP over the next ten years but GW says thats enough so I will go with him--FOR NOW.

Provide the above type of SHOCK TREATMENT right now and quite fiddling Congress!! JDN
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