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Politics : PRESIDENT GEORGE W. BUSH
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To: Mr. Whist who wrote (231706)2/27/2002 4:48:12 PM
From: DavesM  Read Replies (1) of 769670
 
Flapjack,

Did Enron get an additional $30 million?

Let me ask you a question. A company doesn't get a $30 million tax break during a recession. What does management do?

(a) Try to preserve personal income to those at the top, by laying off underutilized workers (thereby assisting the stock price and preserving bonuses and stock options).

(b) Suck it up, take the hit to their own personal income and standard of living, but preserve workers' jobs.

Critics complained that the Stimulus Plan would be used to reduce consumer debt, rather than maintain consumer spending. The fact is that during this economic slowdown, consumer spending has held up better than almost anyone would have predicted (except the Administration) - and in fact is one of the few bright spots this recession.
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