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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Frank Griffin who wrote (39961)	9/27/2000 1:10:34 AM
From: Doughboy	Read Replies (2) \| Respond to of 769667

As a taxpayer, of course I would love to have a tax cut. But there is a proper time and place. And clearly, when the economy is at the brink of overheating, now is NOT the time. Greenspan warned against a tax cut (just as he warned against a big spending package), and he pretty much commended gridlock because that achieved automatic deficit reduction. A tax cut of the massive scale proposed by Dubya would quickly spur more consumer spending, possibly trigger a stock market bubble, and would force the Fed's hand to raise interest rates dramatically. In sum, you'd force Greenspan to take the economy into a recession in order to cool it off. What you would also achieve perversely is a huge boon to the wealthy (who would benefit the most from the tax cut and a stock market boom) and hammer the middle class (who would suffer the most under higher interest rates on credit cards and mortgages, and higher unemployment). A rainy day fund, as Gore has proposed is the right fiscal policy. When we hit a slow-down, as we inevitably will, a tax cut will be an effective and popular tool to kick-start the economy again. Why toss that money in the bonfire today when its hot enough already? Doughboy.

To: Frank Griffin who wrote (39961)	9/27/2000 1:34:03 AM
From: PartyTime	Respond to of 769667

Frank--this is Silicon Investor; not Silicon Opinion. Please consider you've entered the Theater of the Absurd with your remarks. My PartyTime name is very appropriate. There's nothing wrong with fun in life, is there? And, by the way, it's education, philosophy, politics, stocks and much more which get discussed in the kitchen, over chess, or on the lawns of my parties. And guess what? Folks dance and play music too? You got a problem with this? I didn't grow up to be a machine. Neither should you. Oh. That I share my money is my choice. You got a problem with that? I might point out it's very ad hominum of you to attack me because I expressed my view in politics contrary to your own. I might point out that this typlifies Republicans and it's precisely why they have so much trouble getting over Clinton and now try to tag him to Gore.