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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (129819)	12/18/2000 5:04:56 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 1570290

RE:"No no no, Mr. Bush, no. A thousand times, NO. Don't break the covenant between the White House and the Federal Reserve that has brought us so many years of prosperity. Don't put through the tax cuts. It is not the consumer who is causing this downturn, it is the higher short-term rates, something the Fed is about to do something about if you just give it a chance." Where was this Cramer character when Clinton was cutting capital gains taxes on a primary residence to ZERO? Jim

To: tejek who wrote (129819)	12/18/2000 6:22:38 PM
From: TGPTNDR	Read Replies (1) \| Respond to of 1570290

Ted, I doubt we're very much apart on the subject of JJC, but for your enjoyment, here's what I think of the webhit you posted. Cramer -- What a DOPE. Oh, you say, but he's not -- he's a Jim, James, John, Jack. Damn, I say, he's a Dope. When I said that about Voters, presumed to be Democratic, in the Florida election, I was accused of calling Democrats stupid. Cramer's not stupid, but he sure is a DOPE. ...Don't break the covenant between the White House and the Federal Reserve... it is the higher short-term rates, something the Fed is about to do something about ... Let me guess, JAMES The covenant said "#Mr. AG#, why don't you screw on the interest rates 'till just after the elections are over -- then after #BUSH# gets elected you can put them back down again". Yes, that sounds like the covenant the White House made(Pass me one of them Cubans -- L'l lady & I'll show you what we're made of around here)! On the other hand you can look at things like: 18-Dec-00 Wit SoundView Taiwan Trip Report ...we visited 14 companies... What we found was a land troubled ... The overall sentiment among local companies was that the current slowdown took almost all by surprise... All these factors have caused a dramatic falloff in semiconductor demand as they try to burn off the inventory in the channel.... MMM -- Lets count back. It takes about 6 months from a change of interest rates to take serious effect. June, July, August, September, October, November! Damn. The 1/2 point screw in came in on time. How about that! But we know it happens that way, history tells us. Now, what does JJC say next? -- < To me, the choice is a stark one: You either let the Fed loosen the reins and we get a fabulous resumption to the bull market that existed before the Fed tightened. Or you put through an inflationary tax cut that busts the budget and turns Greenspan off to an easing. And the bear market continues as far as the eye can see. I got news for you, JJC, Greenspan is going to loosen. And It's going to happen long before there are any tax cuts. And It's not going to be enough. And there are going to be tax cuts. And I hope they are going to be enough. Because I see a black future if they aren't.I hope Greenspan doesn't have to drive interest rates to ZERO as the Japanese had to. But he may. Your last strike, Mr. JJC ...As hard as this money - management job has been this year, I have always been grateful that we were never blindsided by the White House with something fiscally incomprehensible that upset the Federal Reserve.... Damn, JJC, you don't want the Feds upset? -- Lets view this thing from a slightly different angle. The PREZ doesn't want those ducks in there, they're HISTORY. Takes a while, that's all. Senate has to approve. When it gets down to no governors my guess is the senators'll start to approve something.That's the way I'd do it, but GB'll be probably be nice about it. We'll see over the course of the next year or so. tgptndr