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To: pater tenebrarum who wrote (49003)	12/19/2000 10:12:56 AM
From: Ilaine	Read Replies (3) \| Respond to of 436258

Heinz, help me think this through, please. Bush met with Greenspan yesterday, and it's likely that they discussed Bush's plan for a tax cut. Afterwards, Bush went to Capitol Hill, and at a press conference said that he was not backing down from his desire for the tax cut. Speaker of the House Hastert (R), Senate Majority Leader Lott (R), Senate Minority Leader Daschle (D) and House Minority Leader Gephardt (D) all looked like they were sucking on lemons. We know that Greenspan thinks that tax cuts are inflationary and that he thinks we should use the hypothetical "surplus" to pay down the National debt. Question: if Bush convinced Greenspan that he would, in fact, cut taxes, what would Greenspan do about interest rates?