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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: c.hinton who wrote (64382)	12/16/2000 9:55:10 AM
From: John Madarasz	Respond to of 99985

I agree... and what happened to the hallowed rally that the Bush win would guarantee as per SI general consensus<gg> December 16, 2000 Saying Downturn Is Possible, Bush Trumpets Tax Cut By ALISON MITCHELL AUSTIN, Tex., Dec. 15 — George W. Bush said today that he was concerned about a "possible slowdown" in the economy and called the change in the economic outlook an argument for going forward next year with his campaign proposal for a sweeping, $1.3 trillion tax cut across a decade... While it is unusual for a president to speak about a slowdown for fear of rattling financial markets, Mr. Bush and his running mate, Dick Cheney, have repeatedly struck similar themes for several weeks. Their outspokenness now not only helps to make the case for a tax cut, but could also inoculate them from responsibility for any possible recession by assigning it as the legacy of the Clinton administration. Today, Mr. Bush cited troubles in manufacturing and automobile sales, high energy prices and jittery financial markets in explaining "my concerns about a possible slowdown." He said that such potential indicators of a robust economy running out of steam were "one of the reasons I feel so strongly about the need to reduce marginal rates in our tax cut." And he said, "I look forward to going to Washington to make the case that the plan that the people heard in America is the plan that I hope to get passed." partners.nytimes.com Regards, John Madarasz