Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Alan Greenspan MUST GO: -- Ignore unavailable to you. Want to Upgrade?

To: Master (Hijacked) who wrote (216)	12/17/2000 4:07:24 PM
From: Eashoa' M'sheekha	Read Replies (1) \| Respond to of 494

Merry Christmas Vince.The Grinch Who Stole X-MAS - Mr. G.... Has far too much power for an appointed personage if you ask me.It is amazing that the most powerful ELECTED! people in the US appear to have so little influence on economic policy.It's as if they are either lucky to be in office during prosperity , or unfortunate if things are ugly.Why do the American people put up with this in what is supposed to be a democracy ( or republic ) or people elected to represent your best interests? If you were to conduct a REAL poll today , I believe you would find a large majority of " informed " Americans concerned about the economy going into the new year. The only bright spot is the employment levels currently published , which I am VERY VERY suspect of the accuracy. Not only that , many are well aware how quickly things can change , and the last figures indicate a receding number of hours worked , which is a prelude to MASS lay-offs. Employers usually cut back hours before handing out the Pink slips, in hopes things will improve and to forgo the costs associated with LO's. But to answer your question of Bush Influence : His old man was quoted as saying " I appointed him - he disappointed me " when referring to Mr. G. during his office.The pundits believe this time they HAVE to get off on the " RIGHT " foot.( excuse the pun)It is believed that any attempt to try to influence Mr. G's policy would backfire. Dubya and Mr.G. meet tomorrow for a little chit chat on the economy , and if past statements are reflected in the nature of Dubya's position there , there may well be a small head butting contest right from the get go. HOWEVER, it is known that Dubya wants tax cuts , and Mr. G. wants to pay down the National Debt.So there should be some room for compromise , if they chose to go that route and start of from a position of co-operation for the benefit of all. This could be achieved by Mr. G. actually making a 1/4 point rate cut on Tuesday , there-by somewhat negating the need for LARGE tax cuts to stimulate the economy, and see Dubya backing off slightly in the size of tax cut he is looking for in the New Year as President. Will this happen? Stay Tuned..........