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To: PaulM who wrote (41839)	10/2/1999 9:03:00 AM
From: long-gone	Respond to of 116764

Even their "Friends" talk about cattlegate! Memorandum to Mrs. Clinton From: George Stephanopoulos Re: Why You Shouldn't Run Here's my unsolicited two cents on the New York senate race. Let me quickly add that I have no designs on the job myself, so I believe I can give an unbiased and unvarnished opinion. For your sake, I hope you don't run. You'd be a terrific senator, but the campaign wouldn't be a walkover, and being in the Senate may not be the worthiest use of your talents. Here are three things to think about. The Campaign. You'll raise all the money you need, and you have name recognition money can't buy. But the campaign is still going to be a meat grinder. As Carville used to say, if you don't feed the press political "cheeseburgers" every day, they'll feed on you. You have to prepare for the worst. Whitewater billing records, cattle futures, the travel office and Castle Grande will all be back. Sure, you've answered all the allegations. But that's not going to stop the Republicans?and the New York Post?from weighing in again, ad nauseam. Do you really want to spend your last year in the White House reliving the most painful episodes of your tenure? If you have your husband's luck, your opponents will overplay the scandal card, but you can also expect tough scrutiny on legitimate issues. Giuliani has already attacked you about your elliptical support for a Palestinian state. If you stick with that, you gain points for principle but lose votes with your base. And every time the president makes a decision, you'll be asked for your opinion. Every time you issue a position paper, the press will clamor for a White House response. What if the president undercuts your most effective campaign issue by making a deal with Republicans on partial privatization of Social Security and tax cuts? Will you take a stand or stand by your man? Then there's Al Gore to think about. A full-time campaign by you in New York will draw you away from helping his race in big states like California, Illinois and Florida. Which would be a better way to preserve your legacy? Electing Gore or capturing your own Senate seat? Victory would be a personal vindication, but what if you lose? Do you really want your eight years of hard work in the White House to appear to be wiped out by a failed electoral bid? The Job. But assume you win. Is the Senate the best place for you to advance the causes you care about? Obviously it was for some of those who came before you. Robert Kennedy used a New York Senate seat to shine a light on poverty. But you're one of the handful of people in the country who can serve as effectively from outside the Senate. (cont pg2) newsweekinteractive.net

To: PaulM who wrote (41839)	10/12/1999 5:32:00 AM
From: Bobby Yellin	Read Replies (3) \| Respond to of 116764

Hi Paul Besides my still believing that the CBers wanted to kill the gold carry traders, the more I read the more your take on the situation stands out I do hope you add more to your thoughts-this is really getting fascinating as it starts playing out more-I have read so little re this aspect. Again I heard a rumor last week that this was a major intention of the European move..and I have seen hardly any commentary "To: Bobby Yellin (41627 ) From: PaulM Saturday, Oct 2 1999 1:39AM ET Reply # of 42740 Hello B. My take on the CB statement is that it is an abandonment of the U.S. dollar. Here's a good link which I think puts this in historical perspective (especiialy the sections "How Forex Intervention Affects the Money Supply" and "The Breakdown of Bretton Woods") When reading, just substitute Japan for the Germany of the the 70's, and substitute the ECB for the DeGaulle of the 1970's. aci.net "