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

To: DMaA who wrote (57321)	7/22/1999 3:02:00 PM
From: MulhollandDrive	Respond to of 67261

Don't forget the highly productive retirees prohibited from continuing to work because of pension regulations and SS constraints. bp

To: DMaA who wrote (57321)	7/22/1999 3:16:00 PM
From: Achilles	Respond to of 67261

Perhaps. There are no doubt many ways to improve the productivity of American industry. But Greenspan has no control over those regulations. He only has one tool, interest rates. It seems to me that he'd rather not raise them, but feels that he might have to if the tax cut goes through. This, however, does not stop congress and various state legislatures from deregulation. If they deregulate and ease the pressure on the labour market, Greenspan might even be able to cut interest rates.