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To: willcousa who wrote (123427)12/22/2000 12:02:17 PM
From: Jim McMannis  Read Replies (1) | Respond to of 186894
 
RE:"The fact is that a vigorous economy has always done more to raise government revenues than anything else. That is why the focus must be on the health of the economy rather than on tax rates. Note that excise tax revenues are already about 1.5 bil less than the last Clinton projection"

Duely noted.
Interesting note about the bubble being created by AG providing liquidity in front of Y2K. That would explain why it was so baffling (to me any way) why the NADAQ continued up in the face of rate hikes by AG.
In retrospect it's not a surprise that the balloon was pricked and the NASDAQ has returned to the baseline prior to the injection of liquidity.
It also makes Clintons "credit taking" for the NASDAQ run-up, a bigger joke.

Jim
Jim