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Politics : Bill Clinton Scandal - SANITY CHECK -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (57298)7/22/1999 2:17:00 PM
From: jlallen  Respond to of 67261
 
Yep. Same old, same old. Ain't that how we got here? JLA



To: MulhollandDrive who wrote (57298)7/22/1999 2:41:00 PM
From: Achilles  Read Replies (3) | Respond to of 67261
 
My guess is that Greenspan is thinking about inflation, which at the moment is threatening to increase. A tax cut could increase inflationary pressures by putting more dollars in the consumers' pockets with no more goods necessarily being available to spend them on. If a tax cut means that he has to raise interest rates, any benefit will be diminished.


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